Tilray Short Term Investments vs Retained Earnings Analysis
TLRY Stock | CAD 1.69 0.02 1.17% |
Tilray financial indicator trend analysis is much more than just breaking down Tilray Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tilray Inc is a good investment. Please check the relationship between Tilray Short Term Investments and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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.
Short Term Investments vs Retained Earnings
Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tilray Inc Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tilray's Short Term Investments and Retained Earnings is -0.49. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Tilray Inc, assuming nothing else is changed. The correlation between historical values of Tilray's Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Tilray Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Investments i.e., Tilray's Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Tilray balance sheet. It contains any investments Tilray Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Tilray Inc can easily liquidate in the marketplace.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Tilray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tilray Inc 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 Tilray Inc. 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. As of the 16th of December 2024, Selling General Administrative is likely to grow to about 180.1 M, though Tax Provision is likely to grow to (25.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Research Development | 1.5M | 682K | 635K | 826.6K | Total Revenue | 628.4M | 627.1M | 788.9M | 828.4M |
Tilray fundamental ratios Correlations
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Tilray Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tilray fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 6.0B | 5.4B | 4.3B | 4.3B | 4.6B | |
Other Current Liab | 9.2M | 279.2M | 112.9M | 123.0M | 150.7M | 158.3M | |
Total Current Liabilities | 122.8M | 401.2M | 280.3M | 433.0M | 299.2M | 314.1M | |
Total Stockholder Equity | 1.3B | 4.5B | 4.4B | 3.3B | 3.4B | 3.6B | |
Net Debt | (58.1M) | 450.2M | 207.9M | 383.5M | 159.0M | 85.9M | |
Retained Earnings | (44.1M) | (486.1M) | (962.9M) | (2.4B) | (2.7B) | (2.5B) | |
Cash | 358.5M | 488.5M | 415.9M | 206.6M | 228.3M | 189.1M | |
Cash And Short Term Investments | 358.5M | 488.5M | 415.9M | 448.5M | 260.5M | 222.0M | |
Net Receivables | 50.8M | 89.8M | 95.3M | 86.2M | 101.7M | 106.8M | |
Common Stock Shares Outstanding | 216.2M | 269.5M | 481.2M | 618.0M | 742.6M | 779.8M | |
Short Term Investments | 34.9M | 14.9M | 0.0 | 241.9M | 32.2M | 42.8M | |
Liabilities And Stockholders Equity | 1.8B | 6.0B | 5.4B | 4.3B | 4.3B | 4.6B | |
Inventory | 190.6M | 256.4M | 245.5M | 200.6M | 252.1M | 264.7M | |
Other Current Assets | 51.4M | 48.9M | 46.8M | 37.7M | 63.4M | 66.6M | |
Other Stockholder Equity | 20.2M | 4.8B | 5.4B | 5.8B | 6.1B | 6.5B | |
Total Liab | 475.9M | 1.6B | 1.0B | 977.3M | 778.5M | 462.5M | |
Total Current Assets | 651.2M | 883.6M | 803.5M | 773.0M | 677.7M | 396.4M | |
Short Long Term Debt Total | 451.8M | 938.7M | 623.8M | 590.1M | 387.3M | 424.7M | |
Property Plant And Equipment Net | 423.3M | 669.0M | 600.5M | 435.6M | 574.3M | 309.4M | |
Non Current Assets Total | 1.2B | 5.1B | 4.6B | 3.5B | 3.7B | 1.9B | |
Other Assets | 15.3M | 7.9M | 8.3M | 111.5M | 128.2M | 134.7M | |
Short Term Debt | 7.4M | 49.6M | 92.6M | 224.3M | 39.0M | 51.5M | |
Common Stock | 1.3B | 46K | 53K | 66K | 83K | 78.9K | |
Accounts Payable | 110.1M | 57.7M | 68.6M | 70.8M | 105.4M | 110.7M | |
Non Currrent Assets Other | 0.0 | 8.3M | 111.5M | 222K | 151.0M | 158.6M | |
Accumulated Other Comprehensive Income | (914.9K) | 152.7M | (20.8M) | (46.6M) | (43.5M) | (41.3M) | |
Intangible Assets | 261.7M | 1.6B | 1.3B | 973.8M | 915.5M | 550.5M | |
Good Will | 445.5M | 2.8B | 2.6B | 2.0B | 2.0B | 1.3B | |
Net Tangible Assets | 475.6M | 537.3M | 20.4M | 479.6M | 431.7M | 293.1M | |
Current Deferred Revenue | 17.5M | 650.3K | 155.1M | 119.9M | 136.6M | 143.4M | |
Non Current Liabilities Total | 353.1M | 1.2B | 728.0M | 544.3M | 592.9M | 535.8M | |
Property Plant Equipment | 372.8M | 426.1M | 669.0M | 600.5M | 690.6M | 448.1M | |
Other Liab | 64.8M | 48.4M | 269.8M | 196.8M | 226.4M | 142.6M | |
Long Term Debt | 430.2M | 306.3M | 519.8M | 357.9M | 287.9M | 369.4M | |
Net Invested Capital | 2.2B | 5.3B | 5.0B | 3.9B | 3.8B | 3.7B | |
Long Term Investments | 27.0M | 25.8M | 15.0M | 12.4M | 7.9M | 7.5M | |
Short Long Term Debt | 9.0M | 45.3M | 85.9M | 221.8M | 33.9M | 63.7M | |
Net Working Capital | 732.9M | 482.4M | 523.2M | 340.1M | 378.5M | 371.4M |
Pair Trading with Tilray
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 Tilray 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 Tilray will appreciate offsetting losses from the drop in the long position's value.Moving together with Tilray Stock
Moving against Tilray Stock
The ability to find closely correlated positions to Tilray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tilray 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 Tilray - 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 Tilray Inc to buy it.
The correlation of Tilray 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 Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc 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 Tilray 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.