SIR Free Cash Flow Yield vs Ptb Ratio Analysis
| SRV-UN Stock | CAD 12.86 0.27 2.14% |
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 Ptb 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 Ptb Ratio
Free Cash Flow Yield vs Ptb 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 Ptb 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 Ptb Ratio is -0.37. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb 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 Ptb 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 Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Yield i.e., SIR Royalty's Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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 |
SIR Royalty fundamental ratios Correlations
Click cells to compare fundamentals
SIR Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against SIR Stock
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.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.