Bragg Book Value Per Share vs Capex To Depreciation Analysis

BRAG Stock  CAD 4.69  0.05  1.05%   
Bragg Gaming financial indicator trend analysis is way more than just evaluating Bragg Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bragg Gaming Group is a good investment. Please check the relationship between Bragg Gaming Book Value Per Share and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. 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.

Book Value Per Share vs Capex To Depreciation

Book Value Per Share vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bragg Gaming Group Book Value Per Share account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Bragg Gaming's Book Value Per Share and Capex To Depreciation is -0.21. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Bragg Gaming Group, assuming nothing else is changed. The correlation between historical values of Bragg Gaming's Book Value Per Share and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Bragg Gaming Group are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Book Value Per Share i.e., Bragg Gaming's Book Value Per Share and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Bragg Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bragg Gaming Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. 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, Bragg Gaming's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 8.43, while Tax Provision is likely to drop about 692 K.

Bragg Gaming fundamental ratios Correlations

0.610.930.96-0.56-0.980.720.720.930.640.870.940.96-0.250.720.80.60.990.50.880.440.750.50.690.040.98
0.610.640.62-0.8-0.630.890.890.550.780.470.790.54-0.230.210.21-0.120.510.040.460.010.46-0.040.47-0.230.52
0.930.640.84-0.62-0.940.750.750.830.640.910.930.93-0.260.780.790.640.90.490.80.420.620.570.590.030.87
0.960.620.84-0.54-0.930.710.710.970.640.70.930.94-0.20.50.80.540.940.520.930.20.810.330.710.110.96
-0.56-0.8-0.62-0.540.61-0.96-0.96-0.41-0.75-0.48-0.77-0.440.23-0.37-0.230.02-0.45-0.12-0.29-0.09-0.27-0.18-0.030.34-0.4
-0.98-0.63-0.94-0.930.61-0.75-0.75-0.9-0.7-0.88-0.94-0.930.38-0.73-0.75-0.58-0.96-0.39-0.83-0.45-0.76-0.53-0.620.0-0.94
0.720.890.750.71-0.96-0.751.00.590.80.60.90.63-0.260.440.390.090.620.210.50.140.420.230.29-0.230.6
0.720.890.750.71-0.96-0.751.00.590.80.60.90.63-0.260.440.390.090.620.210.50.140.410.230.29-0.230.59
0.930.550.830.97-0.41-0.90.590.590.580.670.870.95-0.190.470.850.640.920.550.960.150.880.310.740.160.95
0.640.780.640.64-0.75-0.70.80.80.580.510.750.56-0.380.350.310.120.570.050.460.130.480.30.33-0.430.54
0.870.470.910.7-0.48-0.880.60.60.670.510.780.8-0.290.940.620.580.880.350.610.760.510.690.51-0.080.82
0.940.790.930.93-0.77-0.940.90.90.870.750.780.91-0.250.60.720.450.880.450.810.250.650.40.59-0.030.87
0.960.540.930.94-0.44-0.930.630.630.950.560.80.91-0.190.650.90.710.950.610.960.30.710.50.760.180.95
-0.25-0.23-0.26-0.20.230.38-0.26-0.26-0.19-0.38-0.29-0.25-0.19-0.27-0.07-0.06-0.240.55-0.13-0.24-0.18-0.29-0.14-0.08-0.22
0.720.210.780.5-0.37-0.730.440.440.470.350.940.60.65-0.270.560.620.740.330.440.840.290.830.3-0.080.65
0.80.210.790.8-0.23-0.750.390.390.850.310.620.720.9-0.070.560.910.80.760.910.120.590.530.570.350.8
0.6-0.120.640.540.02-0.580.090.090.640.120.580.450.71-0.060.620.910.640.70.70.250.430.670.370.30.62
0.990.510.90.94-0.45-0.960.620.620.920.570.880.880.95-0.240.740.80.640.50.870.50.770.530.70.070.99
0.50.040.490.52-0.12-0.390.210.210.550.050.350.450.610.550.330.760.70.50.64-0.030.310.280.320.20.5
0.880.460.80.93-0.29-0.830.50.50.960.460.610.810.96-0.130.440.910.70.870.640.080.740.350.80.30.91
0.440.010.420.2-0.09-0.450.140.140.150.130.760.250.3-0.240.840.120.250.5-0.030.080.150.620.2-0.220.42
0.750.460.620.81-0.27-0.760.420.410.880.480.510.650.71-0.180.290.590.430.770.310.740.150.060.580.040.82
0.5-0.040.570.33-0.18-0.530.230.230.310.30.690.40.5-0.290.830.530.670.530.280.350.620.060.18-0.010.43
0.690.470.590.71-0.03-0.620.290.290.740.330.510.590.76-0.140.30.570.370.70.320.80.20.580.180.30.76
0.04-0.230.030.110.340.0-0.23-0.230.16-0.43-0.08-0.030.18-0.08-0.080.350.30.070.20.3-0.220.04-0.010.30.13
0.980.520.870.96-0.4-0.940.60.590.950.540.820.870.95-0.220.650.80.620.990.50.910.420.820.430.760.13
Click cells to compare fundamentals

Bragg Gaming Account Relationship Matchups

Bragg Gaming fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets43.9M72.1M83.4M104.4M103.4M108.5M
Other Current Liab1.5M23.4M13.7M18.8M2.9M3.5M
Total Current Liabilities20.8M30.0M15.3M24.3M27.9M29.3M
Total Stockholder Equity6.6M39.9M66.2M69.5M70.2M73.8M
Net Debt177K(25.4M)(15.4M)(3.9M)(5.5M)(5.2M)
Retained Earnings(46.7M)(61.2M)(68.7M)(72.2M)(76.1M)(72.3M)
Cash682K26.1M16.0M11.3M8.8M9.2M
Cash And Short Term Investments682K26.1M16.0M11.3M8.8M9.2M
Common Stock Shares Outstanding7.3M8.6M19.5M21.4M22.6M23.7M
Liabilities And Stockholders Equity43.9M72.1M83.4M104.4M103.4M108.5M
Other Stockholder Equity13.3M39.0M32.2M27.8M23.4M12.1M
Total Liab37.3M32.2M17.2M34.9M33.1M34.8M
Total Current Assets8.3M36.8M27.0M29.7M29.1M30.5M
Accumulated Other Comprehensive Income(212K)(150K)2.5M4.1M2.9M2.5M
Net Receivables6.2M10.4M8.5M16.6M18.6M19.6M
Accounts Payable8.9M6.4M1.5M4.3M7.5M7.9M
Property Plant And Equipment Net1.0M980K831K1.2M3.9M4.1M
Current Deferred Revenue10.3M102K27K746K16.8M17.6M
Non Current Assets Total35.5M35.3M56.4M74.7M74.3M78.0M
Non Currrent Assets Other38K87K28K47K348K365.4K
Other Assets1.2M2.6M3.8M7.4M8.5M8.9M
Non Current Liabilities Total16.5M2.2M1.9M10.5M5.2M4.6M
Other Current Assets333K263K20K128K372K390.6K
Short Long Term Debt Total859K726K600K7.4M3.3M3.4M
Short Term Debt185K133K149K403K709K744.5K
Intangible Assets14.6M14.3M30.8M41.7M38.1M40.0M
Common Stock40.2M62.3M100.3M109.9M120.0M62.2M
Net Tangible Assets(26.7M)8.1M14.4M3.5M4.0M4.2M
Long Term Debt Total674K593K451K7.0M8.0M8.4M
Capital Surpluse11.1M14.3M18.4M20.7M23.9M13.2M
Property Plant Equipment1.0M980K831K1.2M1.4M1.5M
Cash And Equivalents682K26.1M16.0M11.3M13.0M11.3M

Pair Trading with Bragg Gaming

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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming 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 Bragg Gaming - 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 Bragg Gaming Group to buy it.
The correlation of Bragg Gaming 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 Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group 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 Bragg Gaming 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.
Pair CorrelationCorrelation Matching
When determining whether Bragg Gaming Group is a strong investment it is important to analyze Bragg Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bragg Gaming's future performance. For an informed investment choice regarding Bragg Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. 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.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Please note, there is a significant difference between Bragg Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bragg Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bragg Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.