Timbercreek Ptb Ratio vs Income Quality Analysis
| TF Stock | CAD 7.68 0.01 0.13% |
Timbercreek Financial financial indicator trend analysis is much more than just breaking down Timbercreek Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Timbercreek Financial is a good investment. Please check the relationship between Timbercreek Financial Ptb Ratio and its Income Quality accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Timbercreek Financial Corp. 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.
Ptb Ratio vs Income Quality
Ptb Ratio vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Timbercreek Financial Ptb Ratio account and Income Quality. At this time, the significance of the direction appears to have no relationship.
The correlation between Timbercreek Financial's Ptb Ratio and Income Quality is 0.09. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Income Quality in the same time period over historical financial statements of Timbercreek Financial Corp, assuming nothing else is changed. The correlation between historical values of Timbercreek Financial's Ptb Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Timbercreek Financial Corp are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Ptb Ratio i.e., Timbercreek Financial's Ptb Ratio and Income Quality go up and down completely randomly.
Correlation Coefficient | 0.09 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Most indicators from Timbercreek Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Timbercreek Financial 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 Timbercreek Financial Corp. 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. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 56.9M | 65.5M | 80.6M | 43.2M | Total Revenue | 116.6M | 148.3M | 181.0M | 190.0M |
Timbercreek Financial fundamental ratios Correlations
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Timbercreek Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Timbercreek Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.8B | 1.7B | 1.7B | 1.9B | 1.8B | 1.2B | |
| Other Current Liab | 4.8M | 9.3M | 4.7M | 4.8M | 70.0M | 73.5M | |
| Total Current Liabilities | 505.4M | 501.4M | 465.1M | 465.4M | 340.3M | 249.1M | |
| Total Stockholder Equity | 728.4M | 685.1M | 684.6M | 698.5M | 701.1M | 517.7M | |
| Net Debt | 618.2M | 579.7M | 581.5M | 588.3M | 397.8M | 313.8M | |
| Accounts Payable | 4.8M | 4.1M | 6.5M | 5.5M | 9.4M | 5.0M | |
| Cash | 9.0M | 428K | 6.3M | 2.8M | 4.8M | 3.7M | |
| Non Current Assets Total | 1.8B | 1.7B | 1.7B | 1.8B | 1.6B | 1.1B | |
| Non Currrent Assets Other | 59.3M | 64.0M | 52.5M | 3.4M | (1.8B) | (1.7B) | |
| Other Assets | 50.4M | 49.7M | 46.6M | 3.4M | 4.0M | 3.8M | |
| Cash And Short Term Investments | 9.0M | 428K | 6.3M | 2.8M | 4.8M | 3.7M | |
| Net Receivables | 1.7B | 1.6B | 58.1M | 66.0M | 53.1M | 50.4M | |
| Common Stock Shares Outstanding | 87.2M | 81.9M | 81.3M | 83.6M | 96.4M | 59.7M | |
| Liabilities And Stockholders Equity | 1.8B | 1.7B | 1.7B | 1.9B | 1.8B | 1.2B | |
| Non Current Liabilities Total | 563.7M | 525.0M | 582.4M | 752.1M | 744.5M | 402.3M | |
| Other Current Assets | 9.0M | 14M | 4.2M | 6.1M | 3.2M | 5.7M | |
| Total Liab | 1.1B | 1.0B | 1.0B | 1.2B | 1.1B | 651.3M | |
| Total Current Assets | 9.0M | 428K | 68.7M | 105.1M | 222.7M | 233.8M | |
| Short Long Term Debt Total | 1.5B | 1.5B | 1.5B | 1.7B | 402.6M | 382.4M | |
| Short Term Debt | 490.4M | 489.0M | 449.9M | 450.3M | 259.7M | 267.5M | |
| Common Stock | 730.4M | 711.5M | 723.4M | 739.2M | 732.9M | 649.3M | |
| Net Tangible Assets | 728.4M | 685.1M | 684.6M | 698.5M | 803.3M | 646.4M | |
| Current Deferred Revenue | 5.4M | 3.7M | 4.0M | 4.7M | 1.2M | 1.2M | |
| Retained Earnings | (4.0M) | (28.4M) | (43.2M) | (45.1M) | (36.3M) | (34.4M) | |
| Long Term Debt | 1.1B | 518.9M | 582.4M | 1.2B | 402.6M | 767.0M | |
| Common Stock Total Equity | 651.0M | 715.7M | 730.4M | 711.5M | 818.2M | 623.2M | |
| Short Long Term Debt | 490.4M | 489.0M | 449.9M | 450.3M | 259.7M | 412.3M | |
| Accumulated Other Comprehensive Income | 651.2M | 716.0M | 1.9M | 4.5M | 4.0M | 3.8M | |
| Long Term Debt Total | 1.1B | 1.0B | 1.0B | 1.2B | 1.4B | 1.1B | |
| Long Term Investments | 1.7B | 1.6B | 1.6B | 1.8B | 1.6B | 1.8B | |
| Cash And Equivalents | 9.0M | 428K | 6.3M | 2.8M | 3.3M | 3.1M | |
| Net Invested Capital | 1.8B | 1.7B | 1.7B | 1.3B | 1.1B | 1.3B | |
| Net Working Capital | (6.0M) | (12.0M) | (396.4M) | (360.3M) | 142.0M | 149.2M | |
| Capital Stock | 730.4M | 711.5M | 723.4M | 739.2M | 732.9M | 798.1M | |
| Non Current Liabilities Other | 3.7M | 2.2M | 444.4M | 611.3M | 601.6M | 410.4M |
Pair Trading with Timbercreek Financial
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 Timbercreek Financial 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 Timbercreek Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Timbercreek Stock
The ability to find closely correlated positions to Timbercreek Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Timbercreek Financial 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 Timbercreek Financial - 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 Timbercreek Financial Corp to buy it.
The correlation of Timbercreek Financial 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 Timbercreek Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Timbercreek Financial 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 Timbercreek Financial 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 Timbercreek Stock
Balance Sheet is a snapshot of the financial position of Timbercreek Financial at a specified time, usually calculated after every quarter, six months, or one year. Timbercreek Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Timbercreek Financial 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 Timbercreek currently owns. An asset can also be divided into two categories, current and non-current.