Stingray Price To Sales Ratio vs Free Cash Flow Yield Analysis

RAY-A Stock

CAD 7.80 0.07 0.89%

Stingray financial indicator trend analysis is much more than just breaking down Stingray Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stingray Group is a good investment. Please check the relationship between Stingray Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stingray Group Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have pay attention.

The correlation between Stingray's Price To Sales Ratio and Free Cash Flow Yield is -0.85. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Stingray Group, assuming nothing else is changed. The correlation between historical values of Stingray's Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Stingray Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Stingray's Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Stingray Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Stingray sales, a figure that is much harder to manipulate than other Stingray Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Stingray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stingray Group 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 Stingray Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Stingray's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 16.86 in 2024, whereas Enterprise Value is likely to drop slightly above 552.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	87.2M	111.7M	118.6M	84.1M
Total Revenue	282.6M	323.9M	345.4M	203.4M

Gross Profit Total Revenue

Stingray fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Cash	Cash And Short Term Investments
Common Stock Shares Outstanding		0.94	0.88	0.91	0.92	0.96	0.93	0.87	-0.81	0.94	0.93	0.31	0.96	0.94	0.9	0.89	0.9	-0.43	0.9	0.95	0.04	0.91	0.96	0.64	0.72	0.72
Total Assets	0.94		0.98	0.95	0.97	0.97	0.98	0.98	-0.81	0.94	1.0	0.48	0.98	1.0	0.99	0.92	0.93	-0.59	0.99	0.98	0.08	1.0	0.97	0.66	0.76	0.76
Short Long Term Debt Total	0.88	0.98		0.9	0.97	0.9	0.97	1.0	-0.79	0.88	0.98	0.55	0.94	0.97	1.0	0.9	0.9	-0.59	1.0	0.93	0.22	0.99	0.91	0.66	0.73	0.73
Other Current Liab	0.91	0.95	0.9		0.95	0.95	0.9	0.9	-0.72	0.9	0.94	0.51	0.97	0.95	0.92	0.96	0.94	-0.66	0.93	0.98	-0.09	0.93	0.94	0.7	0.83	0.83
Total Current Liabilities	0.92	0.97	0.97	0.95		0.92	0.95	0.96	-0.76	0.87	0.97	0.51	0.95	0.97	0.96	0.94	0.93	-0.57	0.97	0.96	0.22	0.96	0.92	0.72	0.8	0.8
Total Stockholder Equity	0.96	0.97	0.9	0.95	0.92		0.94	0.9	-0.79	0.96	0.97	0.39	0.99	0.97	0.93	0.9	0.91	-0.57	0.93	0.97	-0.09	0.95	1.0	0.63	0.75	0.75
Property Plant And Equipment Net	0.93	0.98	0.97	0.9	0.95	0.94		0.97	-0.8	0.94	0.99	0.45	0.96	0.98	0.98	0.9	0.91	-0.49	0.98	0.95	0.17	0.98	0.95	0.63	0.71	0.71
Net Debt	0.87	0.98	1.0	0.9	0.96	0.9	0.97		-0.79	0.88	0.98	0.54	0.94	0.97	1.0	0.9	0.89	-0.58	1.0	0.93	0.23	0.99	0.9	0.65	0.72	0.72
Retained Earnings	-0.81	-0.81	-0.79	-0.72	-0.76	-0.79	-0.8	-0.79		-0.71	-0.81	-0.1	-0.83	-0.79	-0.8	-0.63	-0.71	0.2	-0.8	-0.76	-0.16	-0.81	-0.83	-0.61	-0.36	-0.36
Accounts Payable	0.94	0.94	0.88	0.9	0.87	0.96	0.94	0.88	-0.71		0.94	0.44	0.94	0.95	0.91	0.89	0.88	-0.55	0.91	0.93	-0.09	0.92	0.95	0.57	0.75	0.75
Non Current Assets Total	0.93	1.0	0.98	0.94	0.97	0.97	0.99	0.98	-0.81	0.94		0.48	0.98	1.0	0.99	0.92	0.92	-0.59	0.99	0.97	0.09	1.0	0.97	0.65	0.75	0.75
Non Currrent Assets Other	0.31	0.48	0.55	0.51	0.51	0.39	0.45	0.54	-0.1	0.44	0.48		0.42	0.48	0.53	0.68	0.55	-0.61	0.53	0.51	-0.14	0.52	0.35	0.57	0.77	0.77
Net Receivables	0.96	0.98	0.94	0.97	0.95	0.99	0.96	0.94	-0.83	0.94	0.98	0.42		0.98	0.96	0.93	0.94	-0.55	0.96	0.99	-0.01	0.97	0.99	0.68	0.75	0.75
Good Will	0.94	1.0	0.97	0.95	0.97	0.97	0.98	0.97	-0.79	0.95	1.0	0.48	0.98		0.99	0.92	0.92	-0.6	0.99	0.98	0.08	0.99	0.97	0.65	0.76	0.76
Non Current Liabilities Total	0.9	0.99	1.0	0.92	0.96	0.93	0.98	1.0	-0.8	0.91	0.99	0.53	0.96	0.99		0.91	0.9	-0.59	1.0	0.95	0.15	1.0	0.94	0.65	0.73	0.73
Inventory	0.89	0.92	0.9	0.96	0.94	0.9	0.9	0.9	-0.63	0.89	0.92	0.68	0.93	0.92	0.91		0.95	-0.63	0.92	0.97	-0.05	0.91	0.88	0.76	0.91	0.91
Other Current Assets	0.9	0.93	0.9	0.94	0.93	0.91	0.91	0.89	-0.71	0.88	0.92	0.55	0.94	0.92	0.9	0.95		-0.45	0.91	0.97	-0.05	0.91	0.9	0.8	0.83	0.83
Other Stockholder Equity	-0.43	-0.59	-0.59	-0.66	-0.57	-0.57	-0.49	-0.58	0.2	-0.55	-0.59	-0.61	-0.55	-0.6	-0.59	-0.63	-0.45		-0.59	-0.58	0.12	-0.6	-0.54	-0.21	-0.64	-0.64
Total Liab	0.9	0.99	1.0	0.93	0.97	0.93	0.98	1.0	-0.8	0.91	0.99	0.53	0.96	0.99	1.0	0.92	0.91	-0.59		0.96	0.16	1.0	0.94	0.66	0.74	0.74
Total Current Assets	0.95	0.98	0.93	0.98	0.96	0.97	0.95	0.93	-0.76	0.93	0.97	0.51	0.99	0.98	0.95	0.97	0.97	-0.58	0.96		-0.04	0.96	0.97	0.74	0.83	0.83
Short Term Debt	0.04	0.08	0.22	-0.09	0.22	-0.09	0.17	0.23	-0.16	-0.09	0.09	-0.14	-0.01	0.08	0.15	-0.05	-0.05	0.12	0.16	-0.04		0.12	-0.05	-0.06	-0.15	-0.15
Intangible Assets	0.91	1.0	0.99	0.93	0.96	0.95	0.98	0.99	-0.81	0.92	1.0	0.52	0.97	0.99	1.0	0.91	0.91	-0.6	1.0	0.96	0.12		0.95	0.66	0.74	0.74
Common Stock	0.96	0.97	0.91	0.94	0.92	1.0	0.95	0.9	-0.83	0.95	0.97	0.35	0.99	0.97	0.94	0.88	0.9	-0.54	0.94	0.97	-0.05	0.95		0.62	0.71	0.71
Current Deferred Revenue	0.64	0.66	0.66	0.7	0.72	0.63	0.63	0.65	-0.61	0.57	0.65	0.57	0.68	0.65	0.65	0.76	0.8	-0.21	0.66	0.74	-0.06	0.66	0.62		0.75	0.75
Cash	0.72	0.76	0.73	0.83	0.8	0.75	0.71	0.72	-0.36	0.75	0.75	0.77	0.75	0.76	0.73	0.91	0.83	-0.64	0.74	0.83	-0.15	0.74	0.71	0.75		1.0
Cash And Short Term Investments	0.72	0.76	0.73	0.83	0.8	0.75	0.71	0.72	-0.36	0.75	0.75	0.77	0.75	0.76	0.73	0.91	0.83	-0.64	0.74	0.83	-0.15	0.74	0.71	0.75	1.0

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Stingray Account Relationship Matchups

Stingray fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	76.0M	73.4M	71.5M	69.8M	69.1M	63.5M
Total Assets	868.0M	822.8M	883.7M	895.2M	811.6M	595.4M
Short Long Term Debt Total	394.6M	365.7M	412.0M	412.2M	386.7M	263.0M
Other Current Liab	61.6M	55.4M	67.8M	89.3M	67.2M	54.9M
Total Current Liabilities	104.9M	120.5M	115.0M	135.2M	115.0M	92.9M
Total Stockholder Equity	273.9M	274.7M	273.5M	286.3M	248.6M	193.6M
Property Plant And Equipment Net	75.2M	70.4M	65.9M	62.1M	57.3M	40.9M
Net Debt	392.1M	356.6M	397.4M	396.8M	377.1M	256.0M
Retained Earnings	(56.4M)	(40.2M)	(31.1M)	(21.7M)	(55.9M)	(53.1M)
Accounts Payable	18.0M	15.2M	18.4M	16.0M	11.7M	12.4M
Non Current Assets Total	778.3M	732.2M	783.8M	779.2M	707.5M	520.6M
Non Currrent Assets Other	1.1M	1.3M	5.1M	3.9M	3.2M	2.2M
Net Receivables	74.0M	64.9M	66.8M	77.1M	72.8M	54.6M
Good Will	337.8M	337.9M	354.3M	360.9M	304.6M	232.8M
Liabilities And Stockholders Equity	868.0M	822.8M	883.7M	895.2M	811.6M	595.4M
Non Current Liabilities Total	489.2M	427.7M	495.2M	473.8M	448.0M	308.9M
Inventory	3.3M	3.2M	5.2M	5.7M	4.3M	3.0M
Other Current Assets	13.2M	13.4M	13.4M	17.7M	17.4M	10.8M
Other Stockholder Equity	4.6M	5.2M	(271.2M)	(276.2M)	6.4M	6.7M
Total Liab	594.1M	548.1M	610.2M	608.9M	563.0M	401.7M
Total Current Assets	89.7M	90.6M	99.9M	116.0M	104.1M	74.8M
Short Term Debt	19.5M	31.9M	11.7M	11.7M	11.7M	11.7M
Intangible Assets	327.8M	314.9M	349.2M	341.8M	331.0M	223.8M
Common Stock	322.4M	314.0M	302.3M	297.9M	294.8M	222.3M
Current Deferred Revenue	1.7M	5.0M	4.9M	7.5M	9.7M	10.2M
Cash	2.5M	9.0M	14.6M	15.5M	9.6M	7.7M
Cash And Short Term Investments	2.5M	9.0M	14.6M	15.5M	9.6M	7.7M
Other Liab	114.0M	93.9M	94.9M	73.2M	84.2M	71.8M
Net Tangible Assets	(391.3M)	(378.1M)	(430.0M)	(416.4M)	(374.8M)	(393.5M)
Other Assets	11.8M	6.0M	8.0M	6.2M	5.5M	6.6M
Long Term Debt	348.8M	308.0M	376.1M	379.0M	356.8M	272.8M
Long Term Investments	25.7M	3.0M	6.4M	8.3M	9.7M	11.1M
Accumulated Other Comprehensive Income	3.3M	(4.3M)	(3.4M)	3.9M	3.3M	3.5M
Property Plant Equipment	75.2M	70.4M	65.9M	62.1M	71.4M	47.4M
Net Invested Capital	637.7M	610.1M	657.2M	672.8M	612.9M	630.0M
Net Working Capital	(15.2M)	(29.9M)	(15.0M)	(19.2M)	(10.9M)	(11.5M)
Capital Stock	322.4M	314.0M	302.3M	297.9M	294.8M	249.2M
Non Current Liabilities Other	64.6M	44.2M	43.2M	16.6M	12.6M	11.9M

Pair Trading with Stingray

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

Moving together with Stingray Stock

0.62	GOOG	Alphabet CDR	Pair Corr
0.7	AMZN	Amazon CDR	Pair Corr

Moving against Stingray Stock

0.33

Verizon Communications

Pair Corr

The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.

The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group 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 Stingray 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 Correlation Correlation Matching

Additional Tools for Stingray Stock Analysis

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

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