SIR Price To Sales Ratio vs Dividend Yield 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 Price To Sales Ratio and its Dividend Yield 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.
Price To Sales Ratio vs Dividend Yield
Price To Sales Ratio vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SIR Royalty Income Price To Sales Ratio account and Dividend Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SIR Royalty's Price To Sales Ratio and Dividend Yield is -0.6. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Dividend Yield 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 Price To Sales Ratio and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of SIR Royalty Income are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Price To Sales Ratio i.e., SIR Royalty's Price To Sales Ratio and Dividend Yield go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing SIR Royalty Income stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on SIR Royalty sales, a figure that is much harder to manipulate than other SIR Royalty Income multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is SIR Royalty Income dividend as a percentage of SIR Royalty stock price. SIR Royalty Income dividend yield is a measure of SIR Royalty stock productivity, which can be interpreted as interest rate earned on an SIR Royalty investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.