Royal Total Assets vs Short Term Debt 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 Total Assets and its Short Term Debt 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.
Total Assets vs Short Term Debt
Total Assets vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Total Assets account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Royal Bank's Total Assets and Short Term Debt is 0.57. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Debt 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 Total Assets and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Royal Bank of are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Assets i.e., Royal Bank's Total Assets and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Royal Bank 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 Royal Bank 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.Short Term Debt
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 Expense | 18.1B | 61.9B | 71.1B | 74.7B | Depreciation And Amortization | 2.6B | 2.9B | 3.3B | 3.5B |
Royal Bank fundamental ratios Correlations
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Royal Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Royal Bank fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6T | 1.7T | 1.9T | 2.0T | 2.3T | 2.4T | |
Short Long Term Debt Total | 109.2B | 305.0B | 425.2B | 439.4B | 505.3B | 530.5B | |
Other Current Liab | (90.1B) | (14.5B) | (20.1B) | 807.6B | 928.7B | 975.2B | |
Total Current Liabilities | 90.1B | 110.0B | 159.6B | 943.3B | 1.1T | 1.1T | |
Total Stockholder Equity | 86.7B | 98.7B | 108.1B | 117.7B | 135.3B | 142.1B | |
Property Plant And Equipment Net | 7.9B | 7.4B | 7.2B | 6.7B | 7.8B | 8.1B | |
Net Debt | (148.0B) | 111.6B | 244.8B | 306.3B | 352.2B | 369.8B | |
Retained Earnings | 59.8B | 71.8B | 78.0B | 84.3B | 97.0B | 101.8B | |
Accounts Payable | 9.5B | 10.5B | 17.3B | 20.6B | 23.7B | 24.9B | |
Cash | 157.9B | 193.5B | 180.4B | 133.1B | 153.0B | 160.7B | |
Non Current Assets Total | 299.8B | 308.1B | 344.5B | 1.9T | 2.2T | 2.3T | |
Non Currrent Assets Other | (299.8B) | (2.0B) | (1.5B) | 1.5T | 1.7T | 1.8T | |
Cash And Short Term Investments | 297.6B | 231.0B | 240.6B | 212.0B | 243.8B | 256.0B | |
Net Receivables | 18.6B | 22.5B | 26.2B | 29.9B | 34.3B | 36.1B | |
Common Stock Shares Outstanding | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.5B | |
Liabilities And Stockholders Equity | 1.6T | 1.7T | 1.9T | 2.0T | 2.3T | 2.4T | |
Non Current Liabilities Total | 12.9B | 209.1B | 159.6B | 1.0T | 1.2T | 1.2T | |
Other Current Assets | 102.2B | 786.4B | 867.4B | 875.6B | 1.0T | 1.1T | |
Other Stockholder Equity | (132M) | (112M) | (339M) | (240M) | (216M) | (205.2M) | |
Total Liab | 1.5T | 1.6T | 1.8T | 1.9T | 2.2T | 2.3T | |
Property Plant And Equipment Gross | 7.9B | 15.1B | 12.4B | 12.8B | 14.8B | 15.5B | |
Total Current Assets | 316.3B | 253.6B | 266.8B | 241.9B | 278.2B | 151.5B | |
Other Assets | 1.0T | 1.1T | 1.3T | (182.9B) | (210.3B) | (199.8B) | |
Short Term Debt | 80.6B | 631M | 654M | 112.1B | 128.9B | 135.4B | |
Accumulated Other Comprehensive Income | 3.4B | 2.5B | 5.7B | 6.9B | 7.9B | 8.3B | |
Common Stock | 17.5B | 17.7B | 17.3B | 19.4B | 22.3B | 15.0B | |
Good Will | 11.3B | 10.9B | 12.3B | 12.6B | 14.5B | 10.3B | |
Short Term Investments | 139.7B | 37.5B | 60.2B | 78.9B | 90.8B | 82.7B | |
Intangible Assets | 4.8B | 4.5B | 6.1B | 5.9B | 6.8B | 3.6B | |
Current Deferred Revenue | 2.9B | 3.5B | 3.7B | 3.8B | 4.4B | 4.6B | |
Other Liab | 25.2B | 28.3B | 29.3B | 26.3B | 30.3B | 28.1B | |
Net Tangible Assets | 61.9B | 64.7B | 76.7B | 82.4B | 94.7B | 64.3B | |
Long Term Debt | 23.2B | 33.3B | 12.3B | 323.1B | 371.6B | 390.2B | |
Long Term Investments | 280.8B | 285.4B | 318.9B | 410.2B | 471.8B | 257.1B | |
Short Long Term Debt | 80.0B | 98.9B | 142.3B | 111.5B | 128.2B | 138.9B | |
Property Plant Equipment | 3.2B | 7.9B | 7.4B | 7.2B | 8.3B | 4.8B | |
Long Term Debt Total | 9.8B | 28.5B | 38.3B | 17.4B | 20.0B | 17.8B | |
Earning Assets | 664.6B | 741.3B | 795.7B | 825.0B | 948.8B | 742.9B |
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.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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.