Sienna Non Current Assets Total vs Common Stock Total Equity Analysis
SIA Stock | CAD 16.94 0.13 0.77% |
Sienna Senior financial indicator trend analysis is much more than just breaking down Sienna Senior Living prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sienna Senior Living is a good investment. Please check the relationship between Sienna Senior Non Current Assets Total and its Common Stock Total Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sienna Senior Living. 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 Common Stock Total Equity
Non Current Assets Total vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sienna Senior Living Non Current Assets Total account and Common Stock Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sienna Senior's Non Current Assets Total and Common Stock Total Equity is 0.97. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Sienna Senior Living, assuming nothing else is changed. The correlation between historical values of Sienna Senior's Non Current Assets Total and Common Stock Total 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 Sienna Senior Living are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Non Current Assets Total i.e., Sienna Senior's Non Current Assets Total and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from Sienna Senior's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sienna Senior Living 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 Sienna Senior Living. 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. At this time, Sienna Senior's Discontinued Operations is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 20.64, while Selling General Administrative is likely to drop about 23 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30.4M | 33.8M | 44.0M | 30.3M | Depreciation And Amortization | 53.1M | 47.3M | 49.6M | 50.0M |
Sienna Senior fundamental ratios Correlations
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Sienna Senior Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sienna Senior fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.7B | 1.6B | 1.7B | 1.7B | 1.4B | |
Short Long Term Debt Total | 991.8M | 1.0B | 950.3M | 978.0M | 1.0B | 825.7M | |
Other Current Liab | 71.7M | 91.0M | 124.5M | 163.5M | 206.6M | 217.0M | |
Total Current Liabilities | 147.7M | 265.2M | 230.5M | 336.7M | 508.5M | 533.9M | |
Total Stockholder Equity | 530.5M | 447.4M | 405.9M | 434.7M | 373.8M | 364.7M | |
Property Plant And Equipment Net | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B | 887.4M | |
Net Debt | 971.0M | 936.9M | 921.2M | 939.9M | 982.2M | 794.7M | |
Retained Earnings | (344.1M) | (431.3M) | (473.4M) | (530.0M) | (591.3M) | (561.7M) | |
Accounts Payable | 31.5M | 38.5M | 53.9M | 44.4M | 53.3M | 51.4M | |
Cash | 20.8M | 95.7M | 29.1M | 38.1M | 24.4M | 30.9M | |
Non Current Assets Total | 1.6B | 1.5B | 1.5B | 1.6B | 1.6B | 1.3B | |
Non Currrent Assets Other | 75.2M | 3.4M | 4.0M | 15.5M | 10.4M | 9.9M | |
Cash And Short Term Investments | 20.8M | 95.7M | 29.1M | 38.1M | 24.4M | 30.9M | |
Net Receivables | 29.6M | 41.0M | 38.2M | 29.2M | 24.0M | 26.7M | |
Common Stock Shares Outstanding | 66.5M | 67.0M | 67.0M | 71.6M | 73.0M | 53.8M | |
Liabilities And Stockholders Equity | 1.7B | 1.7B | 1.6B | 1.7B | 1.7B | 1.4B | |
Non Current Liabilities Total | 1.0B | 965.5M | 972.9M | 909.0M | 813.1M | 816.8M | |
Other Current Assets | 4.4M | 7.0M | 28.5M | 16.5M | 12.3M | 8.2M | |
Total Liab | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.0B | |
Property Plant And Equipment Gross | 1.2B | 1.1B | 1.4B | 1.5B | 1.6B | 981.1M | |
Total Current Assets | 54.7M | 143.6M | 95.7M | 83.8M | 60.7M | 65.9M | |
Intangible Assets | 233.6M | 201.8M | 195.9M | 192.3M | 197.2M | 187.6M | |
Inventory | 9.5M | (409K) | (387K) | (2.3M) | (1.6M) | (1.5M) | |
Current Deferred Revenue | 6.4M | 88.7M | 124.5M | 204.8M | 235.6M | 247.3M | |
Common Stock Total Equity | 639.4M | 859.0M | 875.1M | 878.5M | 1.0B | 633.5M | |
Short Term Debt | 44.4M | 135.7M | 51.2M | 126.1M | 248.5M | 260.9M | |
Common Stock | 875.1M | 878.5M | 879.0M | 964.5M | 964.8M | 732.5M | |
Other Liab | 64.6M | 60.3M | 73.7M | 57.2M | 51.4M | 52.5M | |
Net Tangible Assets | 129.2M | 78.0M | 42.3M | 77.5M | 89.1M | 48.1M | |
Other Assets | 74.8M | 30.7M | 40.3M | 6.6M | 6.0M | 5.7M | |
Long Term Debt | 947.3M | 896.9M | 898.3M | 851.9M | 758.2M | 839.9M | |
Short Long Term Debt | 44.4M | 135.7M | 51.2M | 126.1M | 248.5M | 260.9M | |
Property Plant Equipment | 1.2B | 1.1B | 1.1B | 1.1B | 1.2B | 997.9M | |
Long Term Investments | 352K | 2.3M | 6.3M | 159.1M | 145.7M | 152.9M | |
Long Term Debt Total | 947.3M | 896.9M | 899.1M | 851.9M | 979.6M | 897.6M | |
Net Invested Capital | 1.5B | 1.5B | 1.4B | 1.4B | 1.4B | 1.1B |
Pair Trading with Sienna Senior
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 Sienna Senior 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 Sienna Senior will appreciate offsetting losses from the drop in the long position's value.Moving against Sienna Stock
The ability to find closely correlated positions to Sienna Senior could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sienna Senior 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 Sienna Senior - 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 Sienna Senior Living to buy it.
The correlation of Sienna Senior 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 Sienna Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sienna Senior Living 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 Sienna Senior 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 Sienna Stock
Balance Sheet is a snapshot of the financial position of Sienna Senior Living at a specified time, usually calculated after every quarter, six months, or one year. Sienna Senior Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sienna Senior 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 Sienna currently owns. An asset can also be divided into two categories, current and non-current.