Slate Cash Per Share vs Pfcf Ratio Analysis
SOT-UN Stock | CAD 0.45 0.02 4.26% |
Slate Office financial indicator trend analysis is much more than just breaking down Slate Office REIT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slate Office REIT is a good investment. Please check the relationship between Slate Office Cash Per Share and its Pfcf Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slate Office REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Cash Per Share vs Pfcf Ratio
Cash Per Share vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slate Office REIT Cash Per Share account and Pfcf Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Slate Office's Cash Per Share and Pfcf Ratio is 0.9. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of Slate Office REIT, assuming nothing else is changed. The correlation between historical values of Slate Office's Cash Per Share and Pfcf Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Per Share of Slate Office REIT are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Cash Per Share i.e., Slate Office's Cash Per Share and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash Per Share
Pfcf Ratio
Most indicators from Slate Office's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slate Office REIT 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Slate Office REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Slate Office's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 1.2 M, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 78.1M | 91.7M | 87.6M | 68.9M | Total Revenue | 172.7M | 196.5M | 197.6M | 146.7M |
Slate Office fundamental ratios Correlations
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Slate Office Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Slate Office fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.7B | 1.8B | 1.9B | 1.7B | 1.4B | |
Short Long Term Debt Total | 1.0B | 972.6M | 1.0B | 1.2B | 983.0M | 802.1M | |
Other Current Liab | 9.8M | 1.7M | 50.2M | 15.0M | 199.4M | 209.4M | |
Total Current Liabilities | 221.2M | 206.4M | 256.5M | 416.6M | 575.5M | 604.3M | |
Total Stockholder Equity | 627.3M | 604.7M | 622.0M | 644.4M | 515.4M | 459.3M | |
Property Plant And Equipment Net | 1.6B | 1.6B | 1.6B | 1.8B | 1.4B | 1.2B | |
Current Deferred Revenue | 5.2M | 5.5M | 7.4M | 10.9M | 8.0M | 8.4M | |
Net Debt | 995.8M | 964.1M | 1.0B | 1.1B | 971.7M | 793.4M | |
Retained Earnings | 102.9M | 89.5M | 109.1M | 60.8M | (65.9M) | (62.6M) | |
Accounts Payable | 28.1M | 35.6M | 36.7M | 26.0M | 32.3M | 22.6M | |
Cash | 6.1M | 8.5M | 9.9M | 19.9M | 11.3M | 8.7M | |
Non Current Assets Total | 1.7B | 1.7B | 1.6B | 1.8B | 1.4B | 1.3B | |
Non Currrent Assets Other | 63.8M | 56.2M | 48.5M | 46.4M | 46.3M | 71.0M | |
Cash And Short Term Investments | 6.1M | 8.5M | 9.9M | 19.9M | 11.3M | 8.7M | |
Net Receivables | 7.0M | 7.9M | 7.4M | 7.7M | 6.7M | 6.7M | |
Common Stock Shares Outstanding | 74.0M | 73.2M | 73.3M | 84.1M | 80.0M | 56.5M | |
Liabilities And Stockholders Equity | 1.7B | 1.7B | 1.8B | 1.9B | 1.7B | 1.4B | |
Non Current Liabilities Total | 861.4M | 868.0M | 930.5M | 808.4M | 657.0M | 674.2M | |
Other Current Assets | 10.1M | 9.3M | 13.6M | 11.9M | 305.4M | 320.6M | |
Other Stockholder Equity | (102.9M) | (5.3M) | (6.0M) | (60.8M) | 65.9M | 69.2M | |
Total Liab | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 900.7M | |
Total Current Assets | 23.2M | 25.7M | 165.8M | 39.5M | 323.3M | 339.5M | |
Short Term Debt | 183.3M | 169.2M | 162.2M | 374.0M | 335.8M | 172.1M | |
Common Stock | 520.9M | 520.5M | 518.9M | 578.4M | 578.4M | 410.7M | |
Other Liab | 4.7M | 6.8M | 9.9M | 6.4M | 7.3M | 5.4M | |
Net Tangible Assets | 627.3M | 604.7M | 622.0M | 644.4M | 741.0M | 487.5M | |
Other Assets | 63.8M | 59.5M | 51.2M | 46.4M | 53.4M | 52.8M | |
Long Term Debt | 818.6M | 803.4M | 883.3M | 779.2M | 647.2M | 689.2M | |
Short Long Term Debt | 183.3M | 169.2M | 162.2M | 374.0M | 335.8M | 201.7M | |
Accumulated Other Comprehensive Income | 3.5M | (5.3M) | (6.0M) | 5.2M | 2.9M | 2.7M | |
Property Plant Equipment | 1.6B | 1.6B | 1.6B | 1.8B | 2.0B | 1.3B | |
Non Current Liabilities Other | 35.5M | 28.7M | 33.3M | 28.8M | 9.6M | 9.1M | |
Net Invested Capital | 1.6B | 1.6B | 1.7B | 1.8B | 1.5B | 1.8B | |
Net Working Capital | (198.0M) | (180.7M) | (90.7M) | (377.1M) | (252.2M) | (264.8M) | |
Capital Stock | 520.9M | 520.5M | 518.9M | 578.4M | 578.4M | 595.9M |
Pair Trading with Slate Office
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 Slate Office 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 Slate Office will appreciate offsetting losses from the drop in the long position's value.Moving against Slate Stock
The ability to find closely correlated positions to Slate Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slate Office 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 Slate Office - 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 Slate Office REIT to buy it.
The correlation of Slate Office 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 Slate Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Slate Office REIT 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 Slate Office 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.Other Information on Investing in Slate Stock
Balance Sheet is a snapshot of the financial position of Slate Office REIT at a specified time, usually calculated after every quarter, six months, or one year. Slate Office Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Slate Office and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Slate currently owns. An asset can also be divided into two categories, current and non-current.