| WILD Stock | | | CAD 1.02 0.04 4.08% |
WildBrain financial indicator trend analysis is more than just analyzing WildBrain current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WildBrain is a good investment. Please check the relationship between WildBrain Payout Ratio and its Capex To Revenue accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WildBrain. 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.
Payout Ratio vs Capex To Revenue
Payout Ratio vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WildBrain Payout Ratio account and
Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between WildBrain's Payout Ratio and Capex To Revenue is -0.19. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of WildBrain, assuming nothing else is changed. The correlation between historical values of WildBrain's Payout Ratio and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of WildBrain are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Payout Ratio i.e., WildBrain's Payout Ratio and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of WildBrain earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of WildBrain dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating WildBrain is paying out more in dividends than it makes in net income.
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from WildBrain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WildBrain 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WildBrain. 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, WildBrain's
Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024,
Sales General And Administrative To Revenue is likely to grow to 0.24, though
Tax Provision is likely to grow to (14.1
M).
WildBrain fundamental ratios Correlations
Click cells to compare fundamentals
WildBrain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WildBrain fundamental ratios Accounts
Pair Trading with WildBrain
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 WildBrain 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 WildBrain will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to WildBrain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WildBrain 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 WildBrain - 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 WildBrain to buy it.
The correlation of WildBrain 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 WildBrain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WildBrain 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 WildBrain 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 WildBrain Stock
Balance Sheet is a snapshot of the
financial position of WildBrain at a specified time, usually calculated after every quarter, six months, or one year. WildBrain Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WildBrain 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 WildBrain currently owns. An asset can also be divided into two categories, current and non-current.