Royal Bank Earnings Estimate
| RY Stock | CAD 161.03 1.03 0.64% |
Royal |
Royal Bank Earnings per Share Projection vs Actual
About Royal Bank Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Royal Bank earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Royal Bank estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Royal Bank fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 101.9 B | 107 B | |
| Earning Assets | 948.8 B | 742.9 B | |
| Earnings Yield | 0.08 | 0.09 | |
| Price Earnings Ratio | 16.87 | 14.29 | |
| Price Earnings To Growth Ratio | 1.88 | 1.97 |
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
Moving against Royal Stock
| 0.74 | ERD | Erdene Resource Deve | PairCorr |
| 0.69 | VGZ | Vista Gold | PairCorr |
| 0.68 | AGI | Alamos Gold | PairCorr |
| 0.66 | EDT | Spectral Med | PairCorr |
| 0.64 | ARG | Amerigo Resources | PairCorr |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.