Keg Pb Ratio vs Roic Analysis

KEG-UN Stock  CAD 15.26  0.23  1.53%   
Keg Royalties financial indicator trend analysis is infinitely more than just investigating Keg Royalties recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keg Royalties is a good investment. Please check the relationship between Keg Royalties Pb Ratio and its Roic accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Keg Royalties. 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.

Pb Ratio vs Roic

Pb Ratio vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Keg Royalties Pb Ratio account and Roic. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Keg Royalties' Pb Ratio and Roic is 0.14. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of The Keg Royalties, assuming nothing else is changed. The correlation between historical values of Keg Royalties' Pb Ratio and Roic 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 The Keg Royalties are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Pb Ratio i.e., Keg Royalties' Pb Ratio and Roic go up and down completely randomly.

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

Pb Ratio

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Keg Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keg Royalties 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Keg Royalties. 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.
The current year's Sales General And Administrative To Revenue is expected to grow to 0.02, whereas Selling General Administrative is forecasted to decline to about 462.1 K.
 2021 2022 2023 2024 (projected)
Gross Profit17.2M27.1M34.1M20.6M
Total Revenue17.2M27.1M34.1M20.6M

Keg Royalties fundamental ratios Correlations

0.190.420.410.59-0.5-0.340.94-0.590.540.490.880.40.890.750.770.92-0.170.640.64-0.450.73-0.64-0.610.02-0.18
0.19-0.540.08-0.220.440.060.18-0.260.070.050.21-0.10.210.09-0.03-0.09-0.140.030.03-0.13-0.190.220.210.89-1.0
0.42-0.540.460.17-0.560.020.49-0.010.730.220.40.220.410.60.460.64-0.240.340.34-0.140.6-0.5-0.66-0.70.53
0.410.080.460.23-0.630.450.430.060.620.140.370.230.40.840.120.4-0.150.740.74-0.10.44-0.06-0.18-0.08-0.1
0.59-0.220.170.23-0.51-0.140.58-0.090.020.440.330.320.340.340.310.650.440.450.45-0.20.58-0.3-0.01-0.310.22
-0.50.44-0.56-0.63-0.510.11-0.410.23-0.27-0.32-0.43-0.25-0.44-0.75-0.44-0.550.06-0.89-0.890.22-0.550.450.480.42-0.43
-0.340.060.020.45-0.140.11-0.250.560.340.06-0.19-0.39-0.170.1-0.5-0.3-0.14-0.1-0.10.140.040.50.460.01-0.09
0.940.180.490.430.58-0.41-0.25-0.390.60.520.780.380.780.720.710.96-0.060.530.53-0.310.75-0.6-0.53-0.12-0.18
-0.59-0.26-0.010.06-0.090.230.56-0.39-0.12-0.08-0.53-0.24-0.52-0.32-0.82-0.370.18-0.38-0.380.49-0.090.760.68-0.350.23
0.540.070.730.620.02-0.270.340.6-0.120.370.65-0.010.660.740.410.58-0.530.330.33-0.330.64-0.32-0.52-0.14-0.09
0.490.050.220.140.44-0.320.060.52-0.080.370.62-0.510.620.460.340.51-0.340.360.36-0.320.77-0.22-0.08-0.1-0.06
0.880.210.40.370.33-0.43-0.190.78-0.530.650.620.11.00.740.650.75-0.60.570.57-0.550.81-0.49-0.60.13-0.22
0.4-0.10.220.230.32-0.25-0.390.38-0.24-0.01-0.510.10.10.170.280.420.380.230.230.10.02-0.32-0.37-0.170.12
0.890.210.410.40.34-0.44-0.170.78-0.520.660.621.00.10.760.650.76-0.60.590.59-0.550.81-0.48-0.60.13-0.22
0.750.090.60.840.34-0.750.10.72-0.320.740.460.740.170.760.540.71-0.340.870.87-0.370.69-0.44-0.55-0.07-0.1
0.77-0.030.460.120.31-0.44-0.50.71-0.820.410.340.650.280.650.540.75-0.150.470.47-0.440.47-0.97-0.84-0.140.05
0.92-0.090.640.40.65-0.55-0.30.96-0.370.580.510.750.420.760.710.75-0.040.550.55-0.30.81-0.69-0.62-0.340.09
-0.17-0.14-0.24-0.150.440.06-0.14-0.060.18-0.53-0.34-0.60.38-0.6-0.34-0.15-0.04-0.12-0.120.36-0.390.030.37-0.230.16
0.640.030.340.740.45-0.89-0.10.53-0.380.330.360.570.230.590.870.470.55-0.121.0-0.30.5-0.39-0.42-0.01-0.03
0.640.030.340.740.45-0.89-0.10.53-0.380.330.360.570.230.590.870.470.55-0.121.0-0.30.5-0.39-0.42-0.01-0.03
-0.45-0.13-0.14-0.1-0.20.220.14-0.310.49-0.33-0.32-0.550.1-0.55-0.37-0.44-0.30.36-0.3-0.3-0.380.350.38-0.20.14
0.73-0.190.60.440.58-0.550.040.75-0.090.640.770.810.020.810.690.470.81-0.390.50.5-0.38-0.38-0.39-0.360.17
-0.640.22-0.5-0.06-0.30.450.5-0.60.76-0.32-0.22-0.49-0.32-0.48-0.44-0.97-0.690.03-0.39-0.390.35-0.380.830.3-0.24
-0.610.21-0.66-0.18-0.010.480.46-0.530.68-0.52-0.08-0.6-0.37-0.6-0.55-0.84-0.620.37-0.42-0.420.38-0.390.830.24-0.23
0.020.89-0.7-0.08-0.310.420.01-0.12-0.35-0.14-0.10.13-0.170.13-0.07-0.14-0.34-0.23-0.01-0.01-0.2-0.360.30.24-0.88
-0.18-1.00.53-0.10.22-0.43-0.09-0.180.23-0.09-0.06-0.220.12-0.22-0.10.050.090.16-0.03-0.030.140.17-0.24-0.23-0.88
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Keg Royalties Account Relationship Matchups

Keg Royalties fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets245.0M251.3M254.3M260.8M261.0M213.7M
Short Long Term Debt Total14.0M14.0M14.0M14.0M13.9M11.2M
Other Current Liab2.4M1.2M2.4M3.0M3.7M3.8M
Total Current Liabilities2.7M1.6M3.1M4.7M4.6M2.7M
Total Stockholder Equity101.6M117.1M103.1M95.5M106.8M104.5M
Net Debt11.9M11.0M11.6M10.7M11.4M9.9M
Non Current Assets Total239.6M246.9M249.0M254.0M292.1M209.3M
Non Currrent Assets Other(182.8M)(188.0M)(194.3M)(197.3M)(203.8M)59.9M
Net Receivables3.4M1.3M2.9M3.5M4.1M2.7M
Common Stock Shares Outstanding15.4M15.8M16.2M11.4M16.8M13.5M
Liabilities And Stockholders Equity245.0M251.3M254.3M260.8M261.0M213.7M
Non Current Liabilities Total140.7M132.5M148.2M160.7M149.5M95.4M
Total Liab143.4M134.2M151.3M165.3M154.2M98.1M
Total Current Assets5.4M4.4M5.4M6.8M7.0M4.5M
Short Term Debt71.0M71.0M71.0M71.0M70.9M49.0M
Intangible Assets182.6M189.9M192.0M197.0M226.5M179.2M
Retained Earnings(21.6M)(6.2M)(20.2M)(27.8M)(16.4M)(17.3M)
Cash2.1M3.0M2.4M3.3M2.5M2.0M
Cash And Short Term Investments2.1M3.0M2.4M3.3M2.5M2.0M
Other Liab2.5M2.5M2.6M2.6M2.3M2.2M
Net Tangible Assets(79.4M)(81.0M)(72.8M)(88.9M)(80.0M)(84.0M)
Long Term Debt14.0M14.0M14.0M14.0M13.9M15.4M
Current Deferred Revenue(71.0M)(71.0M)(71.0M)(71.0M)(70.9M)(74.5M)
Non Current Liabilities Other124.3M116.0M131.7M144.0M132.9M141.8M
Net Invested Capital115.6M131.1M117.0M109.4M120.8M125.9M
Net Working Capital2.8M2.8M2.3M2.2M2.4M2.0M

Pair Trading with Keg Royalties

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 Keg Royalties 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 Keg Royalties will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Keg Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keg Royalties 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 Keg Royalties - 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 The Keg Royalties to buy it.
The correlation of Keg Royalties 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 Keg Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keg Royalties 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 Keg Royalties 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

Other Information on Investing in Keg Stock

Balance Sheet is a snapshot of the financial position of Keg Royalties at a specified time, usually calculated after every quarter, six months, or one year. Keg Royalties Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Keg Royalties 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 Keg currently owns. An asset can also be divided into two categories, current and non-current.