Brompton Non Current Assets Total vs Other Stockholder Equity Analysis
LCS Stock | CAD 10.22 0.04 0.39% |
Brompton Lifeco financial indicator trend analysis is way more than just evaluating Brompton Lifeco Split prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brompton Lifeco Split is a good investment. Please check the relationship between Brompton Lifeco Non Current Assets Total and its Other Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Brompton Lifeco Split. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Non Current Assets Total vs Other Stockholder Equity
Non Current Assets Total vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brompton Lifeco Split Non Current Assets Total account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Brompton Lifeco's Non Current Assets Total and Other Stockholder Equity is 0.62. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Brompton Lifeco Split, assuming nothing else is changed. The correlation between historical values of Brompton Lifeco's Non Current Assets Total and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Brompton Lifeco Split are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Non Current Assets Total i.e., Brompton Lifeco's Non Current Assets Total and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Other Stockholder Equity
Most indicators from Brompton Lifeco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brompton Lifeco Split current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Brompton Lifeco Split. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 25th of November 2024, Enterprise Value is likely to grow to about 140.7 M, while Selling General Administrative is likely to drop about 234 K.
Brompton Lifeco fundamental ratios Correlations
Click cells to compare fundamentals
Brompton Lifeco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brompton Lifeco fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 106.0M | 76.2M | 80.5M | 134.6M | 138.9M | 79.3M | |
Total Stockholder Equity | 41.5M | 22.1M | 30.4M | 43.3M | 55.7M | 58.5M | |
Non Currrent Assets Other | (105.0M) | (75.2M) | (79.4M) | (133.1M) | (137.5M) | (130.6M) | |
Common Stock Shares Outstanding | 6.7M | 5.7M | 5.0M | 8.6M | 8.4M | 4.9M | |
Liabilities And Stockholders Equity | 106.0M | 76.2M | 80.5M | 134.6M | 138.9M | 79.3M | |
Total Liab | 1.3M | 594.9K | 939.8K | 91.3M | 1.5M | 1.4M | |
Common Stock | 41.5M | 22.1M | 30.4M | 43.3M | 55.7M | 37.1M | |
Other Current Liab | (1.3M) | (594.9K) | (939.8K) | (1.0M) | (1.5M) | (1.4M) | |
Total Current Liabilities | 1.3M | 594.9K | 939.8K | 1.0M | 1.5M | 889.3K | |
Net Debt | 62.3M | 52.5M | 48.1M | 88.9M | 80.2M | 49.4M | |
Accounts Payable | 1.3M | 594.9K | 939.8K | 1.0M | 1.5M | 875.8K | |
Cash | 971.6K | 976.5K | 1.0M | 1.3M | 1.4M | 963.8K | |
Non Current Assets Total | 105.0M | 75.2M | 79.4M | 133.1M | 137.5M | 84.4M | |
Cash And Short Term Investments | 971.6K | 976.5K | 1.0M | 1.3M | 1.4M | 963.8K | |
Total Current Assets | 971.6K | 976.5K | 1.0M | 1.3M | 1.4M | 964.5K | |
Short Term Investments | 105.0M | 75.2M | 79.4M | 133.1M | 137.5M | 94.0M | |
Other Current Assets | 61.2K | (76.2M) | 42.7K | 204.8K | (138.9M) | (131.9M) | |
Short Long Term Debt Total | 63.3M | 53.5M | 49.1M | 90.2M | 81.6M | 64.1M | |
Current Deferred Revenue | (62.0M) | (52.9M) | (48.2M) | (89.2M) | (80.1M) | (84.1M) | |
Short Term Debt | 63.3M | 53.5M | 49.1M | 90.2M | 81.6M | 64.1M | |
Net Tangible Assets | 41.5M | 22.1M | 30.4M | 43.3M | 49.8M | 35.8M | |
Long Term Investments | 105.0M | 75.2M | 79.4M | 133.1M | 137.5M | 109.1M |
Pair Trading with Brompton Lifeco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brompton Lifeco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brompton Lifeco will appreciate offsetting losses from the drop in the long position's value.Moving against Brompton Stock
The ability to find closely correlated positions to Brompton Lifeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Lifeco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brompton Lifeco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brompton Lifeco Split to buy it.
The correlation of Brompton Lifeco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton Lifeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Lifeco Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brompton Lifeco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Brompton Stock
Balance Sheet is a snapshot of the financial position of Brompton Lifeco Split at a specified time, usually calculated after every quarter, six months, or one year. Brompton Lifeco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Brompton Lifeco and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Brompton currently owns. An asset can also be divided into two categories, current and non-current.