Royal Bank Of Stock Fundamentals
| RY Stock | CAD 171.42 0.73 0.43% |
Royal Bank of fundamentals help investors to digest information that contributes to Royal Bank's financial success or failures. It also enables traders to predict the movement of Royal Stock. The fundamental analysis module provides a way to measure Royal Bank's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Royal Bank stock.
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Royal Bank of Company Return On Equity Analysis
Royal Bank's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Royal Bank Return On Equity | 0.13 |
Most of Royal Bank's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Royal Bank of is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Royal Bank of has a Return On Equity of 0.134. This is 90.76% lower than that of the Banks sector and significantly higher than that of the Financials industry. The return on equity for all Canada stocks is 143.23% lower than that of the firm.
Royal Bank Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Royal Bank's current stock value. Our valuation model uses many indicators to compare Royal Bank value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Royal Bank competition to find correlations between indicators driving Royal Bank's intrinsic value. More Info.Royal Bank of is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.06 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Royal Bank of is roughly 17.18 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Royal Bank by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Royal Bank's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Royal Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Royal Bank's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Royal Bank could also be used in its relative valuation, which is a method of valuing Royal Bank by comparing valuation metrics of similar companies.Royal Bank is currently under evaluation in return on equity category among its peers.
Royal Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0078 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.39 % | ||||
| Current Valuation | (63.33 B) | ||||
| Shares Outstanding | 1.41 B | ||||
| Shares Owned By Insiders | 0.03 % | ||||
| Shares Owned By Institutions | 51.06 % | ||||
| Number Of Shares Shorted | 5.49 M | ||||
| Price To Earning | 16.69 X | ||||
| Price To Book | 2.03 X | ||||
| Price To Sales | 4.46 X | ||||
| Revenue | 57.49 B | ||||
| Gross Profit | 54.11 B | ||||
| EBITDA | 21.45 B | ||||
| Net Income | 16.23 B | ||||
| Cash And Equivalents | 701.08 B | ||||
| Cash Per Share | 503.75 X | ||||
| Total Debt | 135.31 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 83.46 X | ||||
| Cash Flow From Operations | 23.14 B | ||||
| Short Ratio | 1.04 X | ||||
| Earnings Per Share | 11.25 X | ||||
| Price To Earnings To Growth | 2.31 X | ||||
| Target Price | 186.13 | ||||
| Number Of Employees | 94.84 K | ||||
| Beta | 0.83 | ||||
| Market Capitalization | 241.44 B | ||||
| Total Asset | 2.17 T | ||||
| Retained Earnings | 88.61 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 3.80 % | ||||
| Net Asset | 2.17 T | ||||
| Last Dividend Paid | 5.6 |
About Royal Bank Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Royal Bank of's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Royal Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Royal Bank of based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Royal Bank of Canada operates as a diversified financial service company worldwide. The company was founded in 1864 and is headquartered in Toronto, Canada. ROYAL BANK operates under Banking classification in Canada and is traded on Toronto Stock Exchange. It employs 88541 people.
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 against Royal Stock
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.