RioCan Depreciation vs Free Cash Flow Analysis
| REI-UN Stock | CAD 18.68 0.56 2.91% |
RioCan Real financial indicator trend analysis is much more than just breaking down RioCan Real Estate prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RioCan Real Estate is a good investment. Please check the relationship between RioCan Real Depreciation and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RioCan Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Depreciation vs Free Cash Flow
Depreciation vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RioCan Real Estate Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between RioCan Real's Depreciation and Free Cash Flow is -0.44. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of RioCan Real Estate, assuming nothing else is changed. The correlation between historical values of RioCan Real's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of RioCan Real Estate are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., RioCan Real's Depreciation and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of RioCan Real Estate value has been used up. For tax purposes RioCan Real can deduct the cost of the tangible assets it purchases as business expenses. However, RioCan Real Estate must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from RioCan Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RioCan Real Estate 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RioCan Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, RioCan Real's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.8 B, whereas Selling General Administrative is forecasted to decline to about 31.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 689.9M | 700.5M | 736.8M | 589.0M | Total Revenue | 1.2B | 1.2B | 1.2B | 835.3M |
RioCan Real fundamental ratios Correlations
Click cells to compare fundamentals
RioCan Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RioCan Real fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 15.2B | 15.3B | 15.2B | 15.1B | 14.8B | 8.8B | |
| Short Long Term Debt Total | 6.4B | 7.0B | 6.7B | 6.8B | 6.9B | 4.2B | |
| Total Stockholder Equity | 8.3B | 7.7B | 7.9B | 7.7B | 7.4B | 4.3B | |
| Property Plant And Equipment Net | 14.4B | 14.1B | 14.0B | 13.8B | 13.6B | 14.2B | |
| Net Debt | 6.3B | 6.7B | 6.6B | 6.7B | 6.8B | 4.1B | |
| Non Currrent Assets Other | 14.6B | 186.5M | 219.3M | 291.8M | 334.7M | 351.4M | |
| Other Assets | 270.5M | 252.1M | 309.4M | 373.0M | 335.7M | 664.9M | |
| Common Stock Shares Outstanding | 314.0M | 307.8M | 317.7M | 317.3M | 300.5M | 233.8M | |
| Liabilities And Stockholders Equity | 15.2B | 15.3B | 15.2B | 15.1B | 14.8B | 8.8B | |
| Non Current Liabilities Total | 5.6B | 6.2B | 6.4B | 5.8B | 5.8B | 3.9B | |
| Other Stockholder Equity | (3.4B) | (2.9B) | (3.1B) | (3.0B) | (2.7B) | (2.6B) | |
| Total Liab | 6.9B | 7.5B | 7.3B | 7.4B | 7.4B | 4.4B | |
| Retained Earnings | 3.5B | 3.0B | 3.2B | 3.1B | 2.8B | 2.1B | |
| Cash | 93.5M | 238.5M | 77.8M | 86.2M | 133.1M | 88.4M | |
| Non Current Assets Total | 14.8B | 14.5B | 14.6B | 14.5B | 14.3B | 11.6B | |
| Cash And Short Term Investments | 93.5M | 238.5M | 77.8M | 86.2M | 133.1M | 88.4M | |
| Net Receivables | 91.0M | 129.5M | 149.9M | 145.5M | 407.7M | 428.1M | |
| Total Current Assets | 375.4M | 808.5M | 609.5M | 637.4M | 553.2M | 580.7M | |
| Total Current Liabilities | 1.3B | 1.3B | 859.0M | 1.6B | 1.6B | 950.8M | |
| Accounts Payable | 57.8M | 86.5M | 92.3M | 88.6M | 68.5M | 89.4M | |
| Short Term Debt | 935.8M | 943.0M | 467.7M | 1.2B | 1.3B | 794.9M | |
| Other Current Liab | 274.3M | 257.8M | 243.6M | 295.5M | 277.8M | 272.0M | |
| Other Current Assets | 82.0M | 226.3M | 164.8M | 52.9M | (540.8M) | (513.7M) | |
| Accumulated Other Comprehensive Income | (17.3M) | (68.3M) | (26.5M) | 62.4M | 51.2M | 48.7M | |
| Common Stock | 4.8B | 4.8B | 4.7B | 4.6B | 4.6B | 4.8B | |
| Current Deferred Revenue | 30.6M | 36.3M | 55.4M | 41.4M | 31.4M | 29.9M | |
| Other Liab | 76.2M | 121.0M | 147.1M | 168.6M | 193.9M | 124.6M | |
| Net Tangible Assets | 8.3B | 7.7B | 7.9B | 7.7B | 8.9B | 8.5B | |
| Long Term Debt | 5.1B | 6.0B | 6.2B | 5.6B | 5.6B | 6.0B | |
| Long Term Investments | 190.5M | 209.7M | 327.3M | 364.9M | 383.9M | 228.7M | |
| Short Long Term Debt | 934.0M | 935.2M | 462.8M | 1.2B | 1.3B | 1.1B | |
| Property Plant Equipment | 14.4B | 14.1B | 14.0B | 13.8B | 15.9B | 14.8B | |
| Inventory | 109.0M | 214.2M | 217.0M | 272.0M | 217.2M | 169.6M | |
| Capital Lease Obligations | 35.4M | 40.7M | 38.0M | 36.6M | 35.1M | 33.8M | |
| Non Current Liabilities Other | 30.7M | 31.5M | 36.5M | 228K | 205.2K | 194.9K |
Pair Trading with RioCan Real
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 RioCan Real 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 RioCan Real will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RioCan Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RioCan Real 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 RioCan Real - 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 RioCan Real Estate to buy it.
The correlation of RioCan Real 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 RioCan Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RioCan Real Estate 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 RioCan Real 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 RioCan Stock
Balance Sheet is a snapshot of the financial position of RioCan Real Estate at a specified time, usually calculated after every quarter, six months, or one year. RioCan Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of RioCan Real 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 RioCan currently owns. An asset can also be divided into two categories, current and non-current.