Nutrien Dividends Paid vs Net Borrowings Analysis
NTR Stock | CAD 65.40 0.04 0.06% |
Nutrien financial indicator trend analysis is infinitely more than just investigating Nutrien recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nutrien is a good investment. Please check the relationship between Nutrien Dividends Paid and its Net Borrowings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutrien. 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. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.
Dividends Paid vs Net Borrowings
Dividends Paid vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nutrien Dividends Paid account and Net Borrowings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Nutrien's Dividends Paid and Net Borrowings is 0.19. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Nutrien, assuming nothing else is changed. The correlation between historical values of Nutrien's Dividends Paid and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Nutrien are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Dividends Paid i.e., Nutrien's Dividends Paid and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from Nutrien's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nutrien 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 Nutrien. 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. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.At this time, Nutrien's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Discontinued Operations is likely to grow to about 4.4 B, while Tax Provision is likely to drop about 608.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 9.4B | 15.4B | 8.5B | 8.9B | Total Revenue | 27.7B | 37.9B | 28.1B | 29.5B |
Nutrien fundamental ratios Correlations
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Nutrien Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nutrien fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 46.8B | 47.2B | 50.0B | 54.6B | 52.7B | 55.4B | |
Short Long Term Debt Total | 11.1B | 11.4B | 10.8B | 11.9B | 12.6B | 13.2B | |
Other Current Liab | 3.4B | 3.6B | 4.3B | 4.4B | 3.9B | 4.1B | |
Total Current Liabilities | 9.1B | 8.5B | 12.4B | 14.3B | 12.1B | 12.7B | |
Total Stockholder Equity | 22.9B | 22.4B | 23.7B | 25.8B | 25.2B | 26.4B | |
Property Plant And Equipment Net | 20.3B | 19.7B | 20.0B | 21.8B | 22.5B | 23.6B | |
Net Debt | 10.4B | 9.9B | 10.3B | 11.0B | 11.6B | 12.2B | |
Retained Earnings | 7.1B | 6.6B | 8.2B | 11.9B | 11.5B | 12.1B | |
Cash | 671M | 1.5B | 499M | 901M | 941M | 988.1M | |
Non Current Assets Total | 36.1B | 35.7B | 36.1B | 38.2B | 38.6B | 40.5B | |
Non Currrent Assets Other | 315M | 672M | 567M | 521M | 1.1B | 1.1B | |
Cash And Short Term Investments | 671M | 1.5B | 499M | 901M | 941M | 988.1M | |
Net Receivables | 3.0B | 3.0B | 5.4B | 6.2B | 4.7B | 4.9B | |
Common Stock Shares Outstanding | 583.1M | 569.7M | 571.3M | 540.0M | 496.4M | 420.7M | |
Liabilities And Stockholders Equity | 46.8B | 47.2B | 50.0B | 54.6B | 52.7B | 55.4B | |
Non Current Liabilities Total | 14.8B | 16.3B | 13.8B | 14.4B | 15.4B | 16.2B | |
Inventory | 5.0B | 4.9B | 6.3B | 7.6B | 6.3B | 6.7B | |
Other Current Assets | 2.0B | 2.1B | 1.7B | 2.2B | 2.2B | 2.3B | |
Other Stockholder Equity | 248M | 205M | 149M | 109M | 83M | 78.9M | |
Total Liab | 23.9B | 24.8B | 26.3B | 28.7B | 27.5B | 28.9B | |
Property Plant And Equipment Gross | 20.3B | 19.7B | 34.8B | 37.2B | 39.3B | 41.3B | |
Total Current Assets | 10.7B | 11.5B | 13.8B | 16.3B | 14.2B | 14.9B | |
Accumulated Other Comprehensive Income | (251M) | (119M) | (146M) | (391M) | (296M) | (281.2M) | |
Short Term Debt | 1.7B | 422M | 2.4B | 3.0B | 2.7B | 2.8B | |
Current Deferred Revenue | 1.7B | 1.8B | 2.1B | 2.3B | 2.1B | 2.2B | |
Accounts Payable | 4.0B | 4.4B | 5.2B | 5.8B | 5.5B | 5.8B | |
Intangible Assets | 2.4B | 2.4B | 2.3B | 2.3B | 2.2B | 2.3B | |
Good Will | 12.0B | 12.2B | 12.2B | 12.4B | 12.1B | 12.7B | |
Common Stock Total Equity | 1.8B | 16.7B | 15.8B | 15.7B | 18.0B | 18.9B | |
Common Stock | 15.8B | 15.7B | 15.5B | 14.2B | 13.8B | 9.3B | |
Other Liab | 5.4B | 5.4B | 5.4B | 5.5B | 6.3B | 4.9B | |
Net Tangible Assets | 8.5B | 7.8B | 9.1B | 11.2B | 12.8B | 9.9B | |
Other Assets | 564M | 914M | 829M | 811M | 932.7M | 556.3M | |
Long Term Debt | 8.6B | 10.0B | 7.5B | 8.0B | 8.9B | 6.8B | |
Long Term Investments | 821M | 562M | 703M | 843M | 736M | 1.1B | |
Short Long Term Debt | 1.5B | 173M | 2.1B | 2.7B | 2.3B | 1.5B | |
Property Plant Equipment | 20.3B | 19.7B | 20.0B | 21.8B | 25.0B | 18.1B | |
Non Current Liabilities Other | 161M | 209M | 207M | 235M | 200M | 176.8M |
Pair Trading with Nutrien
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 Nutrien 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 Nutrien will appreciate offsetting losses from the drop in the long position's value.Moving together with Nutrien Stock
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0.76 | IE | Ivanhoe Energy | PairCorr |
0.73 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Nutrien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nutrien 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 Nutrien - 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 Nutrien to buy it.
The correlation of Nutrien 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 Nutrien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nutrien 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 Nutrien 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutrien. 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. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.