WildBrain Pb Ratio vs Pocfratio Analysis
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 Pb Ratio and its Pocfratio 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.
Pb Ratio vs Pocfratio
Pb Ratio vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WildBrain Pb Ratio account and Pocfratio. At this time, the significance of the direction appears to have no relationship.
The correlation between WildBrain's Pb Ratio and Pocfratio is 0.04. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Pocfratio in the same time period over historical financial statements of WildBrain, assuming nothing else is changed. The correlation between historical values of WildBrain's Pb Ratio and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of WildBrain are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Pb Ratio i.e., WildBrain's Pb Ratio and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Pb Ratio
Pocfratio
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).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 507.2M | 532.9M | 461.8M | 257.5M | Depreciation And Amortization | 34.2M | 34.3M | 39.4M | 24.1M |
WildBrain fundamental ratios Correlations
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WildBrain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WildBrain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.1B | 1.2B | 1.2B | 1.1B | 717.2M | |
Other Current Liab | 48.4M | 31.4M | 19.1M | 75.5M | 86.9M | 91.2M | |
Total Current Liabilities | 233.3M | 250.7M | 368.9M | 353.8M | 417.6M | 438.5M | |
Total Stockholder Equity | 81.4M | 68.6M | 79.4M | 76.0M | (10.7M) | (10.2M) | |
Property Plant And Equipment Net | 54.2M | 47.2M | 39.3M | 34.2M | 26.3M | 20.4M | |
Current Deferred Revenue | 48.4M | 42.0M | 58.1M | 75.5M | 86.9M | 91.2M | |
Net Debt | 561.6M | 513.2M | 573.8M | 539.6M | 532.9M | 311.9M | |
Retained Earnings | (309.3M) | (316.4M) | (310.8M) | (356.3M) | (462.3M) | (439.2M) | |
Cash | 67.9M | 78.4M | 59.9M | 80.3M | 49.7M | 38.7M | |
Non Current Assets Total | 712.3M | 686.6M | 728.6M | 646.9M | 555.0M | 392.7M | |
Non Currrent Assets Other | 21.0M | 52.0M | (551.1M) | 58.0M | 52.2M | 54.9M | |
Cash And Short Term Investments | 67.9M | 78.4M | 59.9M | 80.3M | 92.4M | 97.0M | |
Net Receivables | 200.2M | 195.2M | 249.7M | 294.0M | 209.2M | 145.9M | |
Common Stock Shares Outstanding | 156.7M | 171.2M | 172.6M | 177.4M | 206.1M | 110.5M | |
Liabilities And Stockholders Equity | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.5B | |
Inventory | 140.5M | 147.8M | 163.6M | 175.7M | 159.6M | 125.9M | |
Other Current Assets | 8.8M | 6.2M | 8.6M | 7.6M | 10.6M | 7.1M | |
Other Stockholder Equity | (56.9M) | (50.9M) | (57.9M) | (49.3M) | (44.3M) | (42.1M) | |
Total Liab | 804.8M | 825.0M | 903.8M | 888.7M | 806.7M | 492.9M | |
Property Plant And Equipment Gross | 54.2M | 118.1M | 123.6M | 130.2M | 134.5M | 141.3M | |
Total Current Assets | 434.1M | 441.3M | 490.5M | 567.0M | 498.2M | 324.6M | |
Short Long Term Debt Total | 629.5M | 591.6M | 633.7M | 619.9M | 712.9M | 748.6M | |
Non Current Liabilities Total | 571.6M | 574.3M | 534.9M | 534.9M | 389.1M | 301.7M | |
Accumulated Other Comprehensive Income | (12.1M) | (21.4M) | (22.5M) | (15.8M) | (14.2M) | (14.9M) | |
Short Term Debt | 86.0M | 78.4M | 129.8M | 106.8M | 122.8M | 77.5M | |
Intangible Assets | 581.7M | 534.2M | 541.7M | 533.2M | 466.0M | 277.0M | |
Good Will | 55.3M | 53.2M | 54.0M | 21.4M | 28.5M | 27.1M | |
Common Stock | 366.2M | 367.4M | 368.7M | 405.6M | 466.5M | 310.6M | |
Other Assets | (79K) | 152.7M | 177.5M | 143.5M | 165.0M | 116.8M | |
Long Term Debt | 502.0M | 478.9M | 477.8M | 490.2M | 367.4M | 537.3M | |
Long Term Debt Total | 543.6M | 513.3M | 503.9M | 513.1M | 590.1M | 567.3M | |
Capital Surpluse | 36.5M | 39.0M | 44.0M | 42.5M | 48.9M | 34.6M | |
Property Plant Equipment | 54.2M | 47.2M | 39.3M | 34.2M | 39.4M | 35.4M | |
Other Liab | 28.0M | 61.1M | 31.0M | 21.7M | 25.0M | 36.8M | |
Net Tangible Assets | (446.5M) | (418.2M) | (423.6M) | (393.1M) | (353.8M) | (371.5M) | |
Short Long Term Debt | 76.7M | 68.9M | 119.7M | 97.7M | 215.2M | 110.4M | |
Non Current Liabilities Other | 2.6M | 16.6M | 20.9M | 14.4M | 5.2M | 10.1M |
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.Moving together with WildBrain Stock
0.7 | TD | Toronto Dominion Bank Earnings Call Next Week | PairCorr |
Moving against WildBrain Stock
0.89 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
0.87 | TD-PFI | Toronto Dominion Bank Earnings Call Next Week | PairCorr |
0.86 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
0.85 | TD-PFD | Toronto Dominion Bank Earnings Call Next Week | PairCorr |
0.8 | RY | Royal Bank Earnings Call This Week | PairCorr |
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.