Royal Other Assets vs Total Stockholder Equity Analysis

0QKU Stock   125.21  1.20  0.95%   
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 Other Assets and its Total Stockholder Equity accounts. Check out Trending Equities 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 board of governors.

Other Assets vs Total Stockholder Equity

Other Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Other Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Royal Bank's Other Assets and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Stockholder Equity 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 Other Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Royal Bank of are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Assets i.e., Royal Bank's Other Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Assets

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Trending Equities 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 board of governors.
Selling General Administrative is likely to drop to about 2.4 B in 2024
 2021 2022 2023 2024 (projected)
Gross Profit35.6B53.7B61.7B36.4B
Total Revenue48.5B53.7B61.7B44.2B

Royal Bank fundamental ratios Correlations

0.960.990.880.31.00.730.920.920.980.730.93-0.550.94-0.591.00.730.940.890.88-0.530.680.880.90.790.9
0.960.960.810.360.960.60.850.850.960.60.86-0.570.87-0.50.960.60.890.830.9-0.610.60.940.940.880.95
0.990.960.830.361.00.680.930.930.970.680.95-0.550.95-0.590.990.680.950.910.87-0.550.650.870.880.790.88
0.880.810.83-0.070.860.930.740.730.90.930.7-0.460.78-0.510.880.930.730.660.73-0.370.760.790.850.620.82
0.30.360.36-0.070.31-0.270.530.540.18-0.270.51-0.210.490.070.29-0.270.420.380.54-0.32-0.110.250.220.370.27
1.00.961.00.860.310.720.920.920.980.720.93-0.540.94-0.581.00.720.940.880.86-0.520.660.880.890.790.89
0.730.60.680.93-0.270.720.640.640.751.00.57-0.330.68-0.510.741.00.590.540.47-0.160.740.570.640.350.59
0.920.850.930.740.530.920.641.00.860.640.94-0.471.0-0.460.920.640.890.840.81-0.450.570.730.750.650.75
0.920.850.930.730.540.920.641.00.850.640.94-0.471.0-0.460.910.640.880.840.81-0.440.560.730.750.650.74
0.980.960.970.90.180.980.750.860.850.750.87-0.560.88-0.610.980.750.90.840.83-0.520.710.910.930.820.92
0.730.60.680.93-0.270.721.00.640.640.750.57-0.330.68-0.510.741.00.590.540.47-0.160.740.570.640.350.59
0.930.860.950.70.510.930.570.940.940.870.57-0.540.94-0.630.930.570.970.960.86-0.540.590.750.770.720.77
-0.55-0.57-0.55-0.46-0.21-0.54-0.33-0.47-0.47-0.56-0.33-0.54-0.490.31-0.55-0.33-0.49-0.59-0.560.82-0.81-0.73-0.74-0.76-0.71
0.940.870.950.780.490.940.681.01.00.880.680.94-0.49-0.490.940.680.90.850.82-0.460.60.760.780.670.77
-0.59-0.5-0.59-0.510.07-0.58-0.51-0.46-0.46-0.61-0.51-0.630.31-0.49-0.59-0.51-0.73-0.7-0.40.28-0.42-0.45-0.48-0.37-0.46
1.00.960.990.880.291.00.740.920.910.980.740.93-0.550.94-0.590.740.940.880.88-0.530.680.880.90.790.9
0.730.60.680.93-0.270.721.00.640.640.751.00.57-0.330.68-0.510.740.590.540.47-0.160.740.570.640.350.59
0.940.890.950.730.420.940.590.890.880.90.590.97-0.490.9-0.730.940.590.930.87-0.490.540.780.80.730.81
0.890.830.910.660.380.880.540.840.840.840.540.96-0.590.85-0.70.880.540.930.78-0.640.650.750.760.740.76
0.880.90.870.730.540.860.470.810.810.830.470.86-0.560.82-0.40.880.470.870.78-0.580.520.840.870.820.9
-0.53-0.61-0.55-0.37-0.32-0.52-0.16-0.45-0.44-0.52-0.16-0.540.82-0.460.28-0.53-0.16-0.49-0.64-0.58-0.6-0.68-0.69-0.75-0.69
0.680.60.650.76-0.110.660.740.570.560.710.740.59-0.810.6-0.420.680.740.540.650.52-0.60.750.790.670.72
0.880.940.870.790.250.880.570.730.730.910.570.75-0.730.76-0.450.880.570.780.750.84-0.680.750.990.960.99
0.90.940.880.850.220.890.640.750.750.930.640.77-0.740.78-0.480.90.640.80.760.87-0.690.790.990.940.99
0.790.880.790.620.370.790.350.650.650.820.350.72-0.760.67-0.370.790.350.730.740.82-0.750.670.960.940.94
0.90.950.880.820.270.890.590.750.740.920.590.77-0.710.77-0.460.90.590.810.760.9-0.690.720.990.990.94
Click cells to compare fundamentals

Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6T1.7T1.9T2.0T2.3T1.5T
Total Current Liabilities15.4B18.0B25.0B28.1B32.3B16.3B
Total Stockholder Equity86.7B98.7B108.1B117.7B135.3B84.9B
Property Plant And Equipment Net7.9B7.4B7.2B6.7B7.8B4.7B
Net Debt8.9B(10.3B)94.0B95.3B109.6B71.6B
Retained Earnings59.8B71.8B78.0B84.3B97.0B55.8B
Cash115.9B111.8B70.4B59.0B67.8B45.4B
Non Current Assets Total1.5T1.6T1.8T1.9T2.2T1.4T
Non Currrent Assets Other1.5T1.6T1.8T1.9T2.2T1.3T
Other Assets1.1T1.1T1.3T1.3T1.5T1.1T
Cash And Short Term Investments115.9B111.8B70.4B59.0B67.8B45.4B
Good Will11.3B10.9B12.3B12.6B14.5B11.5B
Common Stock Shares Outstanding1.4B1.4B1.4B1.4B1.3B1.2B
Non Current Liabilities Total1.5T1.6T1.8T1.9T2.2T1.3T
Other Stockholder Equity(129M)(73M)(334M)(231M)(207.9M)(197.5M)
Total Liab1.5T1.6T1.8T1.9T2.2T1.4T
Total Current Assets115.9B111.8B70.4B59.0B67.8B45.4B
Intangible Assets4.8B4.5B6.1B5.9B6.8B4.7B
Common Stock17.6B17.7B17.3B19.4B22.3B18.4B
Short Long Term Debt Total124.8B101.5B164.4B154.3B177.4B127.6B
Liabilities And Stockholders Equity1.6T1.7T1.9T2.0T2.3T1.5T
Accumulated Other Comprehensive Income3.4B2.5B5.7B6.9B7.9B4.5B
Other Current Liab73.0B81.3B85.4B28.1B25.3B24.0B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Royal Stock Analysis

When running Royal Bank's price analysis, check to measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.