Stingray Dividend Yield vs Free Cash Flow Yield Analysis
RAY-A Stock | CAD 7.86 0.01 0.13% |
Stingray financial indicator trend analysis is much more than just breaking down Stingray Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stingray Group is a good investment. Please check the relationship between Stingray Dividend Yield and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray 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 nation.
Dividend Yield vs Free Cash Flow Yield
Dividend Yield vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stingray Group Dividend Yield account and Free Cash Flow Yield. At this time, the significance of the direction appears to have no relationship.
The correlation between Stingray's Dividend Yield and Free Cash Flow Yield is 0.04. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Stingray Group, assuming nothing else is changed. The correlation between historical values of Stingray's Dividend Yield and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Stingray Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Dividend Yield i.e., Stingray's Dividend Yield and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Dividend Yield
Dividend Yield is Stingray Group dividend as a percentage of Stingray stock price. Stingray Group dividend yield is a measure of Stingray stock productivity, which can be interpreted as interest rate earned on an Stingray investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Stingray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stingray 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray 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 nation. At this time, Stingray's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 16.86 in 2024, whereas Enterprise Value is likely to drop slightly above 552.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 87.2M | 111.7M | 118.6M | 84.1M | Total Revenue | 282.6M | 323.9M | 345.4M | 203.4M |
Stingray fundamental ratios Correlations
Click cells to compare fundamentals
Stingray Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stingray fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 76.0M | 73.4M | 71.5M | 69.8M | 69.1M | 63.5M | |
Total Assets | 868.0M | 822.8M | 883.7M | 895.2M | 811.6M | 595.4M | |
Short Long Term Debt Total | 394.6M | 365.7M | 412.0M | 412.2M | 386.7M | 263.0M | |
Other Current Liab | 61.6M | 55.4M | 67.8M | 89.3M | 67.2M | 54.9M | |
Total Current Liabilities | 104.9M | 120.5M | 115.0M | 135.2M | 115.0M | 92.9M | |
Total Stockholder Equity | 273.9M | 274.7M | 273.5M | 286.3M | 248.6M | 193.6M | |
Property Plant And Equipment Net | 75.2M | 70.4M | 65.9M | 62.1M | 57.3M | 40.9M | |
Net Debt | 392.1M | 356.6M | 397.4M | 396.8M | 377.1M | 256.0M | |
Retained Earnings | (56.4M) | (40.2M) | (31.1M) | (21.7M) | (55.9M) | (53.1M) | |
Accounts Payable | 18.0M | 15.2M | 18.4M | 16.0M | 11.7M | 12.4M | |
Non Current Assets Total | 778.3M | 732.2M | 783.8M | 779.2M | 707.5M | 520.6M | |
Non Currrent Assets Other | 1.1M | 1.3M | 5.1M | 3.9M | 3.2M | 2.2M | |
Net Receivables | 74.0M | 64.9M | 66.8M | 77.1M | 72.8M | 54.6M | |
Good Will | 337.8M | 337.9M | 354.3M | 360.9M | 304.6M | 232.8M | |
Liabilities And Stockholders Equity | 868.0M | 822.8M | 883.7M | 895.2M | 811.6M | 595.4M | |
Non Current Liabilities Total | 489.2M | 427.7M | 495.2M | 473.8M | 448.0M | 308.9M | |
Inventory | 3.3M | 3.2M | 5.2M | 5.7M | 4.3M | 3.0M | |
Other Current Assets | 13.2M | 13.4M | 13.4M | 17.7M | 17.4M | 10.8M | |
Other Stockholder Equity | 4.6M | 5.2M | (271.2M) | (276.2M) | 6.4M | 6.7M | |
Total Liab | 594.1M | 548.1M | 610.2M | 608.9M | 563.0M | 401.7M | |
Total Current Assets | 89.7M | 90.6M | 99.9M | 116.0M | 104.1M | 74.8M | |
Short Term Debt | 19.5M | 31.9M | 11.7M | 11.7M | 11.7M | 11.7M | |
Intangible Assets | 327.8M | 314.9M | 349.2M | 341.8M | 331.0M | 223.8M | |
Common Stock | 322.4M | 314.0M | 302.3M | 297.9M | 294.8M | 222.3M | |
Current Deferred Revenue | 1.7M | 5.0M | 4.9M | 7.5M | 9.7M | 10.2M | |
Cash | 2.5M | 9.0M | 14.6M | 15.5M | 9.6M | 7.7M | |
Cash And Short Term Investments | 2.5M | 9.0M | 14.6M | 15.5M | 9.6M | 7.7M | |
Other Liab | 114.0M | 93.9M | 94.9M | 73.2M | 84.2M | 71.8M | |
Net Tangible Assets | (391.3M) | (378.1M) | (430.0M) | (416.4M) | (374.8M) | (393.5M) | |
Other Assets | 11.8M | 6.0M | 8.0M | 6.2M | 5.5M | 6.6M | |
Long Term Debt | 348.8M | 308.0M | 376.1M | 379.0M | 356.8M | 272.8M | |
Long Term Investments | 25.7M | 3.0M | 6.4M | 8.3M | 9.7M | 11.1M | |
Accumulated Other Comprehensive Income | 3.3M | (4.3M) | (3.4M) | 3.9M | 3.3M | 3.5M | |
Property Plant Equipment | 75.2M | 70.4M | 65.9M | 62.1M | 71.4M | 47.4M | |
Net Invested Capital | 637.7M | 610.1M | 657.2M | 672.8M | 612.9M | 630.0M | |
Net Working Capital | (15.2M) | (29.9M) | (15.0M) | (19.2M) | (10.9M) | (11.5M) | |
Capital Stock | 322.4M | 314.0M | 302.3M | 297.9M | 294.8M | 249.2M | |
Non Current Liabilities Other | 64.6M | 44.2M | 43.2M | 16.6M | 12.6M | 11.9M |
Pair Trading with Stingray
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 Stingray 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 Stingray will appreciate offsetting losses from the drop in the long position's value.Moving together with Stingray Stock
Moving against Stingray Stock
The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.
The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray 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 Stingray 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.Additional Tools for Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.