Royal Average Payables vs Book Value Per Share Analysis

RY Stock  CAD 177.42  1.15  0.64%   
Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Average Payables and its Book Value Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Average Payables vs Book Value Per Share

Average Payables vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Average Payables account and Book Value Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between Royal Bank's Average Payables and Book Value Per Share is 0.26. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Average Payables and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Royal Bank of are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Average Payables i.e., Royal Bank's Average Payables and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

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.
Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Royal Bank's Issuance Of Capital Stock is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.44, while Selling General Administrative is likely to drop about 3.8 B.
 2021 2022 2023 2024 (projected)
Interest Expense18.1B61.9B71.1B74.7B
Depreciation And Amortization2.6B2.9B3.3B3.5B

Royal Bank fundamental ratios Correlations

0.890.70.791.00.870.721.00.90.860.790.720.90.970.510.780.82-0.551.00.870.61-0.210.570.720.750.84
0.890.780.840.890.840.930.910.920.810.820.830.710.930.320.840.91-0.570.890.920.56-0.380.370.480.550.67
0.70.780.990.720.590.830.720.870.450.990.990.420.770.40.990.73-0.370.70.70.22-0.840.660.230.360.42
0.790.840.990.80.670.830.810.910.551.00.990.530.850.411.00.77-0.390.790.750.32-0.760.70.320.440.52
1.00.890.720.80.840.741.00.890.840.80.740.880.970.530.790.84-0.541.00.850.58-0.230.590.730.760.85
0.870.840.590.670.840.60.870.810.960.660.620.880.880.230.670.71-0.580.870.940.77-0.170.260.470.510.62
0.720.930.830.830.740.60.750.850.560.830.870.440.770.330.860.89-0.510.720.770.28-0.550.340.320.410.51
1.00.910.720.811.00.870.750.910.870.80.750.880.980.470.80.85-0.541.00.890.62-0.240.550.690.720.82
0.90.920.870.910.890.810.850.910.730.910.890.690.950.430.910.82-0.530.90.870.44-0.510.530.460.540.63
0.860.810.450.550.840.960.560.870.730.540.50.910.850.190.560.76-0.60.860.930.820.030.160.550.570.68
0.790.820.991.00.80.660.830.80.910.540.990.530.840.440.990.75-0.40.780.750.3-0.770.70.330.450.52
0.720.830.990.990.740.620.870.750.890.50.990.440.80.360.990.78-0.410.720.740.27-0.810.620.240.370.45
0.90.710.420.530.880.880.440.880.690.910.530.440.830.410.510.64-0.60.910.770.780.080.420.760.740.82
0.970.930.770.850.970.880.770.980.950.850.840.80.830.420.840.83-0.490.970.910.59-0.330.540.60.650.76
0.510.320.40.410.530.230.330.470.430.190.440.360.410.420.410.3-0.310.510.240.02-0.160.580.70.690.61
0.780.840.991.00.790.670.860.80.910.560.990.990.510.840.410.79-0.410.780.770.31-0.770.650.310.430.51
0.820.910.730.770.840.710.890.850.820.760.750.780.640.830.30.79-0.660.820.850.5-0.330.320.470.530.64
-0.55-0.57-0.37-0.39-0.54-0.58-0.51-0.54-0.53-0.6-0.4-0.41-0.6-0.49-0.31-0.41-0.66-0.55-0.56-0.480.08-0.08-0.5-0.51-0.5
1.00.890.70.791.00.870.721.00.90.860.780.720.910.970.510.780.82-0.550.870.62-0.210.570.720.750.84
0.870.920.70.750.850.940.770.890.870.930.750.740.770.910.240.770.85-0.560.870.65-0.290.220.420.480.59
0.610.560.220.320.580.770.280.620.440.820.30.270.780.590.020.310.5-0.480.620.650.130.10.530.570.67
-0.21-0.38-0.84-0.76-0.23-0.17-0.55-0.24-0.510.03-0.77-0.810.08-0.33-0.16-0.77-0.330.08-0.21-0.290.13-0.520.220.060.04
0.570.370.660.70.590.260.340.550.530.160.70.620.420.540.580.650.32-0.080.570.220.1-0.520.470.520.54
0.720.480.230.320.730.470.320.690.460.550.330.240.760.60.70.310.47-0.50.720.420.530.220.470.980.95
0.750.550.360.440.760.510.410.720.540.570.450.370.740.650.690.430.53-0.510.750.480.570.060.520.980.97
0.840.670.420.520.850.620.510.820.630.680.520.450.820.760.610.510.64-0.50.840.590.670.040.540.950.97
Click cells to compare fundamentals

Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6T1.7T1.9T2.0T2.3T2.4T
Short Long Term Debt Total109.2B305.0B425.2B439.4B505.3B530.5B
Other Current Liab(90.1B)(14.5B)(20.1B)807.6B928.7B975.2B
Total Current Liabilities90.1B110.0B159.6B943.3B1.1T1.1T
Total Stockholder Equity86.7B98.7B108.1B117.7B135.3B142.1B
Property Plant And Equipment Net7.9B7.4B7.2B6.7B7.8B8.1B
Net Debt(148.0B)111.6B244.8B306.3B352.2B369.8B
Retained Earnings59.8B71.8B78.0B84.3B97.0B101.8B
Accounts Payable9.5B10.5B17.3B20.6B23.7B24.9B
Cash157.9B193.5B180.4B133.1B153.0B160.7B
Non Current Assets Total299.8B308.1B344.5B1.9T2.2T2.3T
Non Currrent Assets Other(299.8B)(2.0B)(1.5B)1.5T1.7T1.8T
Cash And Short Term Investments297.6B231.0B240.6B212.0B243.8B256.0B
Net Receivables18.6B22.5B26.2B29.9B34.3B36.1B
Common Stock Shares Outstanding1.4B1.4B1.4B1.4B1.6B1.5B
Liabilities And Stockholders Equity1.6T1.7T1.9T2.0T2.3T2.4T
Non Current Liabilities Total12.9B209.1B159.6B1.0T1.2T1.2T
Other Current Assets102.2B786.4B867.4B875.6B1.0T1.1T
Other Stockholder Equity(132M)(112M)(339M)(240M)(216M)(205.2M)
Total Liab1.5T1.6T1.8T1.9T2.2T2.3T
Property Plant And Equipment Gross7.9B15.1B12.4B12.8B14.8B15.5B
Total Current Assets316.3B253.6B266.8B241.9B278.2B151.5B
Other Assets1.0T1.1T1.3T(182.9B)(210.3B)(199.8B)
Short Term Debt80.6B631M654M112.1B128.9B135.4B
Accumulated Other Comprehensive Income3.4B2.5B5.7B6.9B7.9B8.3B
Common Stock17.5B17.7B17.3B19.4B22.3B15.0B
Good Will11.3B10.9B12.3B12.6B14.5B10.3B
Short Term Investments139.7B37.5B60.2B78.9B90.8B82.7B
Intangible Assets4.8B4.5B6.1B5.9B6.8B3.6B
Current Deferred Revenue2.9B3.5B3.7B3.8B4.4B4.6B
Other Liab25.2B28.3B29.3B26.3B30.3B28.1B
Net Tangible Assets61.9B64.7B76.7B82.4B94.7B64.3B
Long Term Debt23.2B33.3B12.3B323.1B371.6B390.2B
Long Term Investments280.8B285.4B318.9B410.2B471.8B257.1B
Short Long Term Debt80.0B98.9B142.3B111.5B128.2B138.9B
Property Plant Equipment3.2B7.9B7.4B7.2B8.3B4.8B
Long Term Debt Total9.8B28.5B38.3B17.4B20.0B17.8B
Earning Assets664.6B741.3B795.7B825.0B948.8B742.9B

Pair Trading with Royal Bank

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 Royal Bank 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 Royal Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Royal Stock

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The ability to find closely correlated positions to Royal Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Bank 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 Royal Bank - 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 Royal Bank of to buy it.
The correlation of Royal Bank 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 Royal Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Bank 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 Royal Bank 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 Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Of Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Please note, there is a significant difference between Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank'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.