Keg Selling General Administrative vs Total Assets Analysis

KEG-UN Stock  CAD 15.13  0.13  0.85%   
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 Selling General Administrative and its Total Assets 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.

Selling General Administrative vs Total Assets

Selling General Administrative vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Keg Royalties Selling General Administrative account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Keg Royalties' Selling General Administrative and Total Assets is 0.45. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Assets 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' Selling General Administrative and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of The Keg Royalties are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Selling General Administrative i.e., Keg Royalties' Selling General Administrative and Total Assets go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Selling General Administrative

Total Assets

Total assets refers to the total amount of Keg Royalties assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Keg Royalties books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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.