Sherritt Stock Based Compensation vs Net Borrowings Analysis

S Stock

CAD 0.17 0.01 5.56%

Sherritt International financial indicator trend analysis is much more than just breaking down Sherritt International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sherritt International is a good investment. Please check the relationship between Sherritt International Stock Based Compensation and its Net Borrowings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sherritt International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Stock Based Compensation vs Net Borrowings

Stock Based Compensation vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sherritt International Stock Based Compensation account and Net Borrowings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sherritt International's Stock Based Compensation and Net Borrowings is -0.03. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Sherritt International, assuming nothing else is changed. The correlation between historical values of Sherritt International's Stock Based Compensation 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 Stock Based Compensation of Sherritt International 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 Stock Based Compensation i.e., Sherritt International's Stock Based Compensation and Net Borrowings go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

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 Sherritt International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sherritt International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sherritt International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Sherritt International's Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.15, while Selling General Administrative is likely to drop about 20.6 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	41.7M	86.4M	1.2M	1.1M
Cost Of Revenue	141M	162.7M	265.5M	397.3M

Total Operating Expenses Cost Of Revenue

Sherritt International fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Other Current Liab	Current Deferred Revenue	Short Term Investments
Total Assets		0.48	0.96	0.77	0.89	0.79	-0.25	0.28	1.0	0.83	0.92	0.85	-0.23	0.94	0.58	-0.17	0.27	0.94	0.37	0.84	0.89	0.62	0.79	0.42	0.86	0.87
Total Current Liabilities	0.48		0.4	0.28	0.41	0.23	0.22	-0.14	0.51	0.64	0.33	0.53	0.26	0.43	0.2	-0.57	0.08	0.51	0.38	0.26	0.39	0.71	0.32	0.43	0.68	0.47
Total Stockholder Equity	0.96	0.4		0.83	0.72	0.91	-0.21	0.27	0.94	0.86	0.93	0.8	-0.32	0.8	0.68	-0.04	0.29	0.8	0.44	0.89	0.73	0.56	0.83	0.48	0.84	0.9
Property Plant And Equipment Net	0.77	0.28	0.83		0.5	0.77	0.06	0.08	0.73	0.55	0.71	0.78	-0.22	0.62	0.95	-0.01	0.43	0.62	0.7	0.83	0.49	0.51	0.96	0.71	0.79	0.77
Net Debt	0.89	0.41	0.72	0.5		0.45	-0.33	0.24	0.91	0.63	0.74	0.73	-0.09	0.98	0.27	-0.31	0.18	0.98	0.13	0.59	1.0	0.54	0.56	0.18	0.67	0.65
Retained Earnings	0.79	0.23	0.91	0.77	0.45		-0.31	0.45	0.73	0.76	0.9	0.59	-0.58	0.57	0.72	0.32	0.22	0.56	0.41	0.93	0.48	0.48	0.72	0.41	0.68	0.79
Accounts Payable	-0.25	0.22	-0.21	0.06	-0.33	-0.31		-0.69	-0.22	-0.2	-0.48	0.15	0.51	-0.3	0.14	-0.49	0.16	-0.26	0.5	-0.29	-0.39	-0.18	0.08	0.47	0.05	-0.1
Cash	0.28	-0.14	0.27	0.08	0.24	0.45	-0.69		0.23	0.19	0.53	0.08	-0.66	0.28	0.02	0.5	-0.05	0.26	-0.46	0.4	0.32	0.17	0.06	-0.34	0.08	0.0
Non Current Assets Total	1.0	0.51	0.94	0.73	0.91	0.73	-0.22	0.23		0.84	0.89	0.85	-0.16	0.95	0.53	-0.25	0.25	0.96	0.35	0.79	0.91	0.63	0.76	0.4	0.86	0.85
Non Currrent Assets Other	0.83	0.64	0.86	0.55	0.63	0.76	-0.2	0.19	0.84		0.78	0.59	-0.14	0.68	0.39	-0.19	0.0	0.71	0.3	0.65	0.63	0.71	0.53	0.29	0.74	0.8
Cash And Short Term Investments	0.92	0.33	0.93	0.71	0.74	0.9	-0.48	0.53	0.89	0.78		0.71	-0.5	0.81	0.57	0.12	0.3	0.81	0.25	0.92	0.77	0.54	0.73	0.29	0.77	0.82
Net Receivables	0.85	0.53	0.8	0.78	0.73	0.59	0.15	0.08	0.85	0.59	0.71		-0.02	0.8	0.62	-0.41	0.54	0.82	0.5	0.7	0.71	0.41	0.87	0.66	0.86	0.76
Common Stock Shares Outstanding	-0.23	0.26	-0.32	-0.22	-0.09	-0.58	0.51	-0.66	-0.16	-0.14	-0.5	-0.02		-0.15	-0.32	-0.79	-0.02	-0.12	0.0	-0.63	-0.15	-0.05	-0.17	0.08	-0.07	-0.19
Non Current Liabilities Total	0.94	0.43	0.8	0.62	0.98	0.57	-0.3	0.28	0.95	0.68	0.81	0.8	-0.15		0.41	-0.25	0.23	1.0	0.23	0.7	0.98	0.58	0.67	0.28	0.76	0.72
Inventory	0.58	0.2	0.68	0.95	0.27	0.72	0.14	0.02	0.53	0.39	0.57	0.62	-0.32	0.41		0.17	0.41	0.41	0.81	0.8	0.26	0.43	0.88	0.75	0.67	0.67
Other Current Assets	-0.17	-0.57	-0.04	-0.01	-0.31	0.32	-0.49	0.5	-0.25	-0.19	0.12	-0.41	-0.79	-0.25	0.17		-0.2	-0.3	-0.1	0.27	-0.25	-0.14	-0.14	-0.2	-0.33	-0.16
Other Stockholder Equity	0.27	0.08	0.29	0.43	0.18	0.22	0.16	-0.05	0.25	0.0	0.3	0.54	-0.02	0.23	0.41	-0.2		0.22	0.31	0.36	0.16	-0.28	0.63	0.42	0.35	0.37
Total Liab	0.94	0.51	0.8	0.62	0.98	0.56	-0.26	0.26	0.96	0.71	0.81	0.82	-0.12	1.0	0.41	-0.3	0.22		0.25	0.69	0.98	0.63	0.67	0.31	0.79	0.73
Property Plant And Equipment Gross	0.37	0.38	0.44	0.7	0.13	0.41	0.5	-0.46	0.35	0.3	0.25	0.5	0.0	0.23	0.81	-0.1	0.31	0.25		0.51	0.09	0.35	0.65	0.83	0.59	0.63
Total Current Assets	0.84	0.26	0.89	0.83	0.59	0.93	-0.29	0.4	0.79	0.65	0.92	0.7	-0.63	0.7	0.8	0.27	0.36	0.69	0.51		0.62	0.49	0.82	0.49	0.77	0.82
Short Long Term Debt Total	0.89	0.39	0.73	0.49	1.0	0.48	-0.39	0.32	0.91	0.63	0.77	0.71	-0.15	0.98	0.26	-0.25	0.16	0.98	0.09	0.62		0.55	0.55	0.15	0.67	0.63
Short Term Debt	0.62	0.71	0.56	0.51	0.54	0.48	-0.18	0.17	0.63	0.71	0.54	0.41	-0.05	0.58	0.43	-0.14	-0.28	0.63	0.35	0.49	0.55		0.38	0.3	0.67	0.5
Intangible Assets	0.79	0.32	0.83	0.96	0.56	0.72	0.08	0.06	0.76	0.53	0.73	0.87	-0.17	0.67	0.88	-0.14	0.63	0.67	0.65	0.82	0.55	0.38		0.7	0.83	0.8
Other Current Liab	0.42	0.43	0.48	0.71	0.18	0.41	0.47	-0.34	0.4	0.29	0.29	0.66	0.08	0.28	0.75	-0.2	0.42	0.31	0.83	0.49	0.15	0.3	0.7		0.58	0.58
Current Deferred Revenue	0.86	0.68	0.84	0.79	0.67	0.68	0.05	0.08	0.86	0.74	0.77	0.86	-0.07	0.76	0.67	-0.33	0.35	0.79	0.59	0.77	0.67	0.67	0.83	0.58		0.84
Short Term Investments	0.87	0.47	0.9	0.77	0.65	0.79	-0.1	0.0	0.85	0.8	0.82	0.76	-0.19	0.72	0.67	-0.16	0.37	0.73	0.63	0.82	0.63	0.5	0.8	0.58	0.84

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Sherritt International Account Relationship Matchups

Sherritt International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.4B	1.4B	1.6B	1.4B	1.3B
Total Current Liabilities	330.7M	169.5M	221.9M	367.6M	287.3M	316.3M
Total Stockholder Equity	722.1M	606.8M	585M	694.9M	613.6M	582.9M
Property Plant And Equipment Net	304M	172.5M	157.8M	155.9M	166.7M	158.4M
Net Debt	547.5M	274M	298.9M	227M	236.5M	224.7M
Retained Earnings	(2.9B)	(2.9B)	(2.9B)	(2.8B)	(2.9B)	(2.8B)
Accounts Payable	148.1M	135M	196M	209.7M	169.2M	200.4M
Cash	166.1M	167.4M	145.6M	123.9M	25.2M	23.9M
Non Current Assets Total	1.4B	970.9M	1.0B	1.1B	991.6M	942.0M
Non Currrent Assets Other	586.6M	167.7M	200K	207.1M	170.8M	162.3M
Cash And Short Term Investments	166.1M	167.4M	145.6M	123.9M	119.1M	113.1M
Net Receivables	154.9M	141.1M	191.5M	261.2M	152M	144.4M
Liabilities And Stockholders Equity	1.7B	1.4B	1.4B	1.6B	1.4B	1.3B
Non Current Liabilities Total	685.3M	575.9M	591.1M	493.1M	489.7M	465.2M
Inventory	35.3M	27M	30.3M	37.7M	39.8M	72.7M
Other Current Assets	21.4M	45.8M	22.6M	5.1M	88.1M	92.5M
Other Stockholder Equity	729.5M	592M	588.6M	635M	730.3M	587.1M
Total Liab	1.0B	745.4M	813M	860.7M	777M	738.2M
Property Plant And Equipment Gross	304M	172.5M	771.6M	797.8M	813.8M	1.2B
Total Current Assets	377.7M	381.3M	390M	429.3M	399M	662.2M
Accumulated Other Comprehensive Income	729.5M	592M	588.6M	635M	618.3M	531.8M
Short Long Term Debt Total	713.6M	441.4M	444.5M	350.9M	366.6M	348.3M
Intangible Assets	46.2M	31.4M	17.4M	6.5M	7M	6.7M
Other Current Liab	13M	6.7M	8M	97.5M	46.9M	39.9M
Short Term Investments	18M	100K	0.0	93.9M	84.5M	156.5M
Other Liab	117.7M	126.8M	135M	188.7M	169.8M	127.5M
Net Tangible Assets	580.5M	569.3M	560.7M	681.1M	613.0M	998.2M
Other Assets	588M	169.6M	190.4M	207.9M	187.1M	177.8M
Long Term Debt	554.1M	433.4M	444.5M	304.4M	298.8M	283.9M
Long Term Investments	422.2M	597.4M	642.4M	756M	646.7M	758.5M
Property Plant Equipment	208.6M	166.4M	150.9M	148.6M	133.7M	206.7M
Long Term Debt Total	697.7M	554.1M	433.4M	444.5M	400.1M	380.0M
Non Current Liabilities Other	16.3M	30.9M	40.2M	97.8M	86.7M	45.7M

Pair Trading with Sherritt International

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 Sherritt International 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 Sherritt International will appreciate offsetting losses from the drop in the long position's value.

Moving against Sherritt Stock

0.78	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.77	WMT	Walmart Inc CDR	Pair Corr
0.71	BOFA	Bank of America	Pair Corr
0.66	AMZN	Amazon CDR	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr

The ability to find closely correlated positions to Sherritt International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherritt International 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 Sherritt International - 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 Sherritt International to buy it.

The correlation of Sherritt International 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 Sherritt International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sherritt International 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 Sherritt International 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.

Pair Correlation Correlation Matching

Other Information on Investing in Sherritt Stock

Balance Sheet is a snapshot of the financial position of Sherritt International at a specified time, usually calculated after every quarter, six months, or one year. Sherritt International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sherritt International 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 Sherritt currently owns. An asset can also be divided into two categories, current and non-current.

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Sherritt Stock Based Compensation vs Net Borrowings Analysis

Stock Based Compensation vs Net Borrowings

Stock Based Compensation vs Net Borrowings Correlation Analysis

Correlation Coefficient

Stock Based Compensation

Net Borrowings

Sherritt International fundamental ratios Correlations

Sherritt International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sherritt International fundamental ratios Accounts

Pair Trading with Sherritt International

Moving against Sherritt Stock

Other Information on Investing in Sherritt Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Net Debt
Total Liab	+ 0.98	Net Debt
Short Long Term Debt Total	+ 0.98	Non Current Liabilities Total

Other Current Assets	- 0.79	Common Stock Shares Outstanding
Cash	- 0.69	Accounts Payable
Common Stock Shares Outstanding	- 0.66	Cash
Total Current Assets	- 0.63	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.58	Retained Earnings
Other Current Assets	- 0.57	Total Current Liabilities