SIR Free Cash Flow Yield vs Pb Ratio Analysis

SRV-UN Stock

CAD 13.00 0.04 0.31%

SIR Royalty financial indicator trend analysis is much more than just breaking down SIR Royalty Income prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SIR Royalty Income is a good investment. Please check the relationship between SIR Royalty Free Cash Flow Yield and its Pb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SIR Royalty Income. 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.

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SIR Royalty Income Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SIR Royalty's Free Cash Flow Yield and Pb Ratio is -0.37. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of SIR Royalty Income, assuming nothing else is changed. The correlation between historical values of SIR Royalty's Free Cash Flow Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of SIR Royalty Income are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., SIR Royalty's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Pb Ratio

Most indicators from SIR Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SIR Royalty Income 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 SIR Royalty Income. 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, SIR Royalty's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 142.1 M, whereas Selling General Administrative is forecasted to decline to about 491.2 K.

	2023	2024 (projected)
Research Development	0.77	0.69
Interest Income	16.4M	17.2M

Research Development Interest Income

SIR Royalty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Retained Earnings	Non Current Liabilities Total	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Long Term Investments	Short Long Term Debt Total	Net Invested Capital
Total Assets		0.46	0.49	0.81	0.3	-0.11	-0.3	0.92	-0.22	-0.3	0.6	0.08	-0.58	-0.2	0.4	-0.45	-0.08	0.64	-0.44	0.28	0.12	0.53	0.33	0.81	-0.17	-0.09
Other Current Liab	0.46		1.0	0.56	0.22	-0.3	-0.25	0.53	-0.01	-0.25	0.69	0.3	-0.43	-0.45	-0.09	-0.44	0.36	0.46	-0.39	0.02	-0.2	0.84	0.68	0.38	-0.55	0.34
Total Current Liabilities	0.49	1.0		0.58	0.2	-0.34	-0.22	0.53	-0.07	-0.22	0.66	0.32	-0.4	-0.41	-0.08	-0.4	0.34	0.43	-0.37	0.08	-0.14	0.81	0.63	0.42	-0.5	0.31
Total Stockholder Equity	0.81	0.56	0.58		0.36	-0.2	-0.35	0.75	-0.34	-0.35	0.59	0.55	-0.54	-0.26	-0.22	-0.38	-0.12	0.59	-0.37	0.53	0.24	0.55	0.27	0.91	-0.12	-0.14
Net Debt	0.3	0.22	0.2	0.36		0.02	-1.0	0.41	-0.08	-1.0	0.31	0.1	-0.27	0.14	-0.1	-0.43	-0.18	0.12	0.2	0.32	0.11	0.38	0.19	0.21	-0.42	-0.19
Accounts Payable	-0.11	-0.3	-0.34	-0.2	0.02		-0.03	-0.1	0.11	-0.03	-0.04	-0.23	0.01	-0.04	0.17	0.03	0.07	0.05	-0.12	-0.27	-0.09	-0.19	-0.02	-0.11	0.11	0.09
Cash	-0.3	-0.25	-0.22	-0.35	-1.0	-0.03		-0.42	0.04	1.0	-0.34	-0.09	0.27	-0.1	0.09	0.46	0.11	-0.13	-0.18	-0.29	-0.07	-0.4	-0.24	-0.19	0.46	0.12
Non Current Assets Total	0.92	0.53	0.53	0.75	0.41	-0.1	-0.42		0.08	-0.42	0.83	-0.02	-0.81	-0.34	0.38	-0.77	-0.1	0.83	-0.51	0.03	-0.14	0.68	0.57	0.68	-0.49	-0.07
Non Currrent Assets Other	-0.22	-0.01	-0.07	-0.34	-0.08	0.11	0.04	0.08		0.04	0.42	-0.43	-0.36	-0.51	0.26	-0.55	0.27	0.4	-0.36	-0.83	-0.88	0.23	0.61	-0.54	-0.62	0.38
Cash And Short Term Investments	-0.3	-0.25	-0.22	-0.35	-1.0	-0.03	1.0	-0.42	0.04		-0.34	-0.09	0.27	-0.1	0.09	0.46	0.11	-0.13	-0.18	-0.29	-0.07	-0.4	-0.24	-0.19	0.46	0.12
Net Receivables	0.6	0.69	0.66	0.59	0.31	-0.04	-0.34	0.83	0.42	-0.34		0.04	-0.86	-0.62	0.15	-0.9	0.18	0.89	-0.6	-0.28	-0.48	0.8	0.86	0.4	-0.77	0.25
Common Stock Shares Outstanding	0.08	0.3	0.32	0.55	0.1	-0.23	-0.09	-0.02	-0.43	-0.09	0.04		-0.03	0.09	-0.76	0.17	-0.07	-0.07	0.15	0.65	0.39	0.14	-0.13	0.43	0.13	-0.07
Other Current Assets	-0.58	-0.43	-0.4	-0.54	-0.27	0.01	0.27	-0.81	-0.36	0.27	-0.86	-0.03		0.33	-0.19	0.88	0.26	-0.92	0.58	0.26	0.37	-0.62	-0.61	-0.44	0.56	0.17
Other Stockholder Equity	-0.2	-0.45	-0.41	-0.26	0.14	-0.04	-0.1	-0.34	-0.51	-0.1	-0.62	0.09	0.33		-0.03	0.45	-0.51	-0.6	0.74	0.48	0.72	-0.61	-0.76	-0.03	0.5	-0.56
Total Liab	0.4	-0.09	-0.08	-0.22	-0.1	0.17	0.09	0.38	0.26	0.09	0.15	-0.76	-0.19	-0.03		-0.22	0.07	0.24	-0.25	-0.45	-0.27	0.06	0.21	-0.1	-0.14	0.1
Total Current Assets	-0.45	-0.44	-0.4	-0.38	-0.43	0.03	0.46	-0.77	-0.55	0.46	-0.9	0.17	0.88	0.45	-0.22		0.09	-0.84	0.43	0.38	0.51	-0.68	-0.75	-0.22	0.84	0.01
Intangible Assets	-0.08	0.36	0.34	-0.12	-0.18	0.07	0.11	-0.1	0.27	0.11	0.18	-0.07	0.26	-0.51	0.07	0.09		-0.07	-0.24	-0.33	-0.43	0.31	0.52	-0.32	-0.28	0.98
Retained Earnings	0.64	0.46	0.43	0.59	0.12	0.05	-0.13	0.83	0.4	-0.13	0.89	-0.07	-0.92	-0.6	0.24	-0.84	-0.07		-0.78	-0.34	-0.47	0.65	0.7	0.48	-0.52	0.0
Non Current Liabilities Total	-0.44	-0.39	-0.37	-0.37	0.2	-0.12	-0.18	-0.51	-0.36	-0.18	-0.6	0.15	0.58	0.74	-0.25	0.43	-0.24	-0.78		0.48	0.62	-0.6	-0.66	-0.26	0.23	-0.29
Common Stock	0.28	0.02	0.08	0.53	0.32	-0.27	-0.29	0.03	-0.83	-0.29	-0.28	0.65	0.26	0.48	-0.45	0.38	-0.33	-0.34	0.48		0.88	-0.18	-0.56	0.61	0.46	-0.41
Other Liab	0.12	-0.2	-0.14	0.24	0.11	-0.09	-0.07	-0.14	-0.88	-0.07	-0.48	0.39	0.37	0.72	-0.27	0.51	-0.43	-0.47	0.62	0.88		-0.49	-0.78	0.49	0.64	-0.53
Net Tangible Assets	0.53	0.84	0.81	0.55	0.38	-0.19	-0.4	0.68	0.23	-0.4	0.8	0.14	-0.62	-0.61	0.06	-0.68	0.31	0.65	-0.6	-0.18	-0.49		0.87	0.29	-0.74	0.33
Other Assets	0.33	0.68	0.63	0.27	0.19	-0.02	-0.24	0.57	0.61	-0.24	0.86	-0.13	-0.61	-0.76	0.21	-0.75	0.52	0.7	-0.66	-0.56	-0.78	0.87		-0.01	-0.85	0.58
Long Term Investments	0.81	0.38	0.42	0.91	0.21	-0.11	-0.19	0.68	-0.54	-0.19	0.4	0.43	-0.44	-0.03	-0.1	-0.22	-0.32	0.48	-0.26	0.61	0.49	0.29	-0.01		0.15	-0.35
Short Long Term Debt Total	-0.17	-0.55	-0.5	-0.12	-0.42	0.11	0.46	-0.49	-0.62	0.46	-0.77	0.13	0.56	0.5	-0.14	0.84	-0.28	-0.52	0.23	0.46	0.64	-0.74	-0.85	0.15		-0.35
Net Invested Capital	-0.09	0.34	0.31	-0.14	-0.19	0.09	0.12	-0.07	0.38	0.12	0.25	-0.07	0.17	-0.56	0.1	0.01	0.98	0.0	-0.29	-0.41	-0.53	0.33	0.58	-0.35	-0.35

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SIR Royalty Account Relationship Matchups

SIR Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	94.3M	48.5M	49.5M	83.2M	91.0M	77.4M
Other Current Liab	3.4M	(111.9K)	(131.5K)	(190.2K)	(152.4K)	(144.8K)
Total Current Liabilities	3.5M	111.9K	131.5K	190.2K	152.4K	144.8K
Total Stockholder Equity	88.9M	42.7M	42.6M	76.3M	85.5M	71.4M
Net Debt	(101.9K)	(92.3K)	(1.4M)	(2.2M)	(369.7K)	(388.2K)
Accounts Payable	121.9K	111.9K	131.5K	190.2K	152.4K	107.3K
Cash	136.9K	138.6K	1.4M	2.3M	412.2K	603.9K
Non Currrent Assets Other	(55.3M)	(48.5M)	(49.5M)	(83.2M)	(55.0M)	(52.2M)
Cash And Short Term Investments	136.9K	138.6K	1.4M	2.3M	412.2K	603.9K
Net Receivables	43.0M	26.4M	26.2M	29.9M	39.5M	33.3M
Liabilities And Stockholders Equity	94.3M	48.5M	49.5M	83.2M	91.0M	77.4M
Other Current Assets	(43.3M)	(26.6M)	(27.6M)	(32.2M)	(39.9M)	(41.9M)
Other Stockholder Equity	7.3M	10.8M	11.0M	(56.4M)	10.7M	11.2M
Total Liab	5.4M	111.9K	131.5K	6.9M	5.5M	4.0M
Total Current Assets	4.3M	26.5M	27.6M	32.2M	4.0M	7.0M
Retained Earnings	(7.3M)	(53.5M)	(53.6M)	(19.9M)	(10.7M)	(11.2M)
Non Current Liabilities Total	1.9M	5.8M	6.9M	190.2K	5.5M	2.8M
Other Liab	1.9M	1.9M	2.0M	2.0M	2.3M	2.0M
Net Tangible Assets	86.5M	88.9M	42.7M	42.6M	38.3M	59.5M
Other Assets	39M	108.1K	42.3K	63.5K	57.1K	54.3K
Short Long Term Debt Total	35.0K	46.4K	42.3K	63.5K	42.5K	44.9K

Pair Trading with SIR Royalty

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 SIR Royalty 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 SIR Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with SIR Stock

0.65	CEF	Sprott Physical Gold	Pair Corr
0.64	PVF-UN	Partners Value Inves	Pair Corr

Moving against SIR Stock

0.54	SLF-PG	Sun Life Non	Pair Corr
0.45	MFC-PC	Manulife Finl Srs	Pair Corr

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

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

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

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SIR Free Cash Flow Yield vs Pb Ratio Analysis

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Pb Ratio

SIR Royalty fundamental ratios Correlations

SIR Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SIR Royalty fundamental ratios Accounts

Pair Trading with SIR Royalty

Moving together with SIR Stock

Moving against SIR Stock

Other Information on Investing in SIR Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.98	Intangible Assets
Non Current Assets Total	+ 0.92	Total Assets
Long Term Investments	+ 0.91	Total Stockholder Equity
Retained Earnings	+ 0.89	Net Receivables

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Retained Earnings	- 0.92	Other Current Assets
Total Current Assets	- 0.9	Net Receivables
Other Liab	- 0.88	Non Currrent Assets Other
Other Current Assets	- 0.86	Net Receivables