Tree Roe vs Roic Analysis

TSL Stock

CAD 3.11 0.06 1.97%

Tree Island financial indicator trend analysis is much more than just breaking down Tree Island Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tree Island Steel is a good investment. Please check the relationship between Tree Island Roe and its Roic accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tree Island Steel. 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.

Roe vs Roic

Roe vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tree Island Steel Roe account and Roic. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tree Island's Roe and Roic is 0.43. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Roic in the same time period over historical financial statements of Tree Island Steel, assuming nothing else is changed. The correlation between historical values of Tree Island's Roe and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Tree Island Steel are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Roe i.e., Tree Island's Roe and Roic go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Roe

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Tree Island's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tree Island Steel 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 Tree Island Steel. 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.

At this time, Tree Island's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 135.3 M, while Selling General Administrative is likely to drop about 13 M.

	2021	2022	2023	2024 (projected)
Gross Profit	68.6M	65.3M	35.3M	32.8M
Total Revenue	301.8M	338.4M	239.6M	253.5M

Gross Profit Total Revenue

Tree Island fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Other Stockholder Equity	Retained Earnings	Current Deferred Revenue
Total Assets		-0.11	-0.05	0.53	0.85	0.94	-0.26	0.92	0.35	0.93	0.56	0.35	0.77	-0.28	0.32	0.75	0.35	0.7	0.77	0.77	-0.03	0.82	-0.36	0.18	0.56	0.29
Short Long Term Debt Total	-0.11		-0.28	0.3	-0.36	-0.12	0.85	-0.06	-0.46	-0.17	-0.37	-0.46	-0.09	0.28	0.28	0.29	-0.06	0.43	-0.42	0.04	0.52	-0.19	-0.16	-0.1	-0.44	-0.1
Other Current Liab	-0.05	-0.28		0.1	-0.04	-0.02	-0.21	-0.09	-0.09	0.01	-0.14	-0.09	-0.06	-0.49	-0.24	-0.2	-0.32	-0.12	-0.07	-0.14	-0.05	0.11	-0.16	-0.13	-0.11	-0.05
Total Current Liabilities	0.53	0.3	0.1		0.24	0.4	0.18	0.66	-0.23	0.45	-0.29	-0.23	0.31	-0.22	-0.21	0.73	-0.01	0.64	-0.04	0.48	0.78	0.61	-0.62	0.54	-0.15	0.1
Total Stockholder Equity	0.85	-0.36	-0.04	0.24		0.72	-0.58	0.62	0.65	0.68	0.62	0.65	0.85	-0.04	0.04	0.65	0.65	0.23	0.87	0.84	-0.23	0.5	0.04	-0.02	0.85	0.38
Property Plant And Equipment Net	0.94	-0.12	-0.02	0.4	0.72		-0.16	0.9	0.19	0.99	0.62	0.19	0.59	-0.41	0.51	0.54	0.09	0.73	0.74	0.53	-0.15	0.88	-0.39	0.14	0.42	0.11
Net Debt	-0.26	0.85	-0.21	0.18	-0.58	-0.16		-0.15	-0.76	-0.19	-0.5	-0.76	-0.3	0.2	0.39	-0.01	-0.38	0.39	-0.63	-0.28	0.45	-0.14	-0.29	0.15	-0.74	-0.32
Accounts Payable	0.92	-0.06	-0.09	0.66	0.62	0.9	-0.15		0.15	0.93	0.44	0.15	0.57	-0.42	0.29	0.69	0.1	0.81	0.6	0.57	0.15	0.92	-0.54	0.38	0.31	0.15
Cash	0.35	-0.46	-0.09	-0.23	0.65	0.19	-0.76	0.15		0.14	0.61	1.0	0.58	0.03	-0.03	0.24	0.76	-0.16	0.73	0.58	-0.56	-0.07	0.38	-0.39	0.89	0.71
Non Current Assets Total	0.93	-0.17	0.01	0.45	0.68	0.99	-0.19	0.93	0.14		0.59	0.14	0.53	-0.48	0.44	0.52	0.01	0.73	0.7	0.48	-0.09	0.93	-0.44	0.23	0.37	0.05
Non Currrent Assets Other	0.56	-0.37	-0.14	-0.29	0.62	0.62	-0.5	0.44	0.61	0.59		0.61	0.45	-0.22	0.43	0.15	0.28	0.18	0.89	0.3	-0.65	0.34	0.31	-0.31	0.75	0.1
Cash And Short Term Investments	0.35	-0.46	-0.09	-0.23	0.65	0.19	-0.76	0.15	1.0	0.14	0.61		0.58	0.03	-0.03	0.24	0.76	-0.16	0.73	0.58	-0.56	-0.07	0.38	-0.39	0.89	0.71
Net Receivables	0.77	-0.09	-0.06	0.31	0.85	0.59	-0.3	0.57	0.58	0.53	0.45	0.58		0.15	0.13	0.78	0.76	0.38	0.71	0.91	-0.11	0.32	-0.12	-0.01	0.74	0.51
Common Stock Shares Outstanding	-0.28	0.28	-0.49	-0.22	-0.04	-0.41	0.2	-0.42	0.03	-0.48	-0.22	0.03	0.15		-0.14	0.13	0.48	-0.32	-0.23	0.17	0.11	-0.59	0.35	-0.22	0.04	0.09
Non Current Liabilities Total	0.32	0.28	-0.24	-0.21	0.04	0.51	0.39	0.29	-0.03	0.44	0.43	-0.03	0.13	-0.14		-0.03	-0.12	0.6	0.28	0.0	-0.47	0.24	-0.2	-0.25	-0.01	0.1
Inventory	0.75	0.29	-0.2	0.73	0.65	0.54	-0.01	0.69	0.24	0.52	0.15	0.24	0.78	0.13	-0.03		0.57	0.59	0.42	0.88	0.45	0.45	-0.31	0.23	0.41	0.31
Other Current Assets	0.35	-0.06	-0.32	-0.01	0.65	0.09	-0.38	0.1	0.76	0.01	0.28	0.76	0.76	0.48	-0.12	0.57		-0.08	0.5	0.81	-0.16	-0.2	0.28	-0.2	0.75	0.65
Total Liab	0.7	0.43	-0.12	0.64	0.23	0.73	0.39	0.81	-0.16	0.73	0.18	-0.16	0.38	-0.32	0.6	0.59	-0.08		0.25	0.39	0.24	0.7	-0.66	0.24	-0.07	0.15
Property Plant And Equipment Gross	0.77	-0.42	-0.07	-0.04	0.87	0.74	-0.63	0.6	0.73	0.7	0.89	0.73	0.71	-0.23	0.28	0.42	0.5	0.25		0.61	-0.52	0.47	0.09	-0.22	0.9	0.31
Total Current Assets	0.77	0.04	-0.14	0.48	0.84	0.53	-0.28	0.57	0.58	0.48	0.3	0.58	0.91	0.17	0.0	0.88	0.81	0.39	0.61		0.09	0.32	-0.09	0.02	0.68	0.6
Short Term Debt	-0.03	0.52	-0.05	0.78	-0.23	-0.15	0.45	0.15	-0.56	-0.09	-0.65	-0.56	-0.11	0.11	-0.47	0.45	-0.16	0.24	-0.52	0.09		0.14	-0.37	0.54	-0.48	-0.26
Intangible Assets	0.82	-0.19	0.11	0.61	0.5	0.88	-0.14	0.92	-0.07	0.93	0.34	-0.07	0.32	-0.59	0.24	0.45	-0.2	0.7	0.47	0.32	0.14		-0.59	0.45	0.13	-0.07
Good Will	-0.36	-0.16	-0.16	-0.62	0.04	-0.39	-0.29	-0.54	0.38	-0.44	0.31	0.38	-0.12	0.35	-0.2	-0.31	0.28	-0.66	0.09	-0.09	-0.37	-0.59		-0.43	0.34	-0.03
Other Stockholder Equity	0.18	-0.1	-0.13	0.54	-0.02	0.14	0.15	0.38	-0.39	0.23	-0.31	-0.39	-0.01	-0.22	-0.25	0.23	-0.2	0.24	-0.22	0.02	0.54	0.45	-0.43		-0.31	-0.24
Retained Earnings	0.56	-0.44	-0.11	-0.15	0.85	0.42	-0.74	0.31	0.89	0.37	0.75	0.89	0.74	0.04	-0.01	0.41	0.75	-0.07	0.9	0.68	-0.48	0.13	0.34	-0.31		0.44
Current Deferred Revenue	0.29	-0.1	-0.05	0.1	0.38	0.11	-0.32	0.15	0.71	0.05	0.1	0.71	0.51	0.09	0.1	0.31	0.65	0.15	0.31	0.6	-0.26	-0.07	-0.03	-0.24	0.44

Click cells to compare fundamentals

Tree Island Account Relationship Matchups

Tree Island fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	159.1M	146.5M	225.8M	176.3M	172.0M	141.5M
Short Long Term Debt Total	87.5M	71.6M	41.0M	25.9M	23.8M	22.6M
Other Current Liab	815K	667K	2.3M	3.9M	844K	801.8K
Total Current Liabilities	24.8M	24.2M	54.3M	20.7M	16.7M	15.8M
Total Stockholder Equity	48.7M	51.1M	132.6M	128.1M	126.9M	69.1M
Property Plant And Equipment Net	73.7M	69.0M	68.9M	65.7M	66.6M	51.2M
Net Debt	86.6M	70.3M	7.8M	10.9M	3.5M	3.3M
Accounts Payable	18.4M	17.8M	27.3M	14.4M	15.1M	22.5M
Cash	907K	1.2M	33.3M	15.0M	20.3M	21.4M
Non Current Assets Total	75.2M	70.5M	70.2M	67.0M	69.5M	62.6M
Non Currrent Assets Other	1.5M	1.4M	1.3M	1.3M	2.8M	3.0M
Cash And Short Term Investments	907K	1.2M	33.3M	15.0M	20.3M	21.4M
Net Receivables	24.7M	24.8M	38.1M	31.6M	25.4M	26.4M
Common Stock Shares Outstanding	29.0M	28.8M	28.5M	28.4M	27.8M	22.0M
Liabilities And Stockholders Equity	159.1M	146.5M	225.8M	176.3M	172.0M	141.5M
Non Current Liabilities Total	85.6M	71.2M	38.9M	27.6M	28.4M	34.4M
Inventory	55.0M	46.8M	77.5M	57.5M	52.1M	52.7M
Other Current Assets	3.3M	3.2M	6.8M	5.2M	4.7M	4.0M
Total Liab	110.5M	95.5M	93.2M	48.2M	45.1M	68.6M
Property Plant And Equipment Gross	73.7M	69.0M	131.3M	134.8M	136.7M	143.5M
Total Current Assets	84.0M	76.1M	155.6M	109.3M	102.5M	78.9M
Accumulated Other Comprehensive Income	(2.8M)	(2.6M)	(2.5M)	(400K)	(1.1M)	(1.0M)
Short Term Debt	5.6M	4.4M	6.4M	2.3M	739K	702.1K
Other Stockholder Equity	(14.2M)	(14.0M)	(13.9M)	(400K)	(1.0)	(0.95)
Retained Earnings	(172.6M)	(169.7M)	(88.0M)	(94.1M)	(91.0M)	(95.6M)
Current Deferred Revenue	577K	2.0M	20.6M	814K	936.1K	889.3K
Common Stock	224.0M	223.4M	223.2M	222.6M	219.0M	179.4M
Other Liab	3.7M	4.1M	4.3M	3.9M	4.5M	3.6M
Net Tangible Assets	48.7M	51.1M	132.6M	128.1M	147.3M	74.4M
Other Assets	1.5M	1.4M	1.3M	1.3M	1.5M	1.1M
Long Term Debt	15.2M	66.1M	51.4M	38.6M	10.4M	0.0
Deferred Long Term Liab	59K	56K	44K	15K	13.5K	12.8K
Short Long Term Debt	37.0M	54.8M	4.1M	2.8M	2.5M	2.4M
Property Plant Equipment	73.7M	69.0M	68.9M	65.7M	75.6M	55.4M
Long Term Debt Total	81.9M	67.2M	34.7M	23.6M	27.2M	45.2M
Non Current Liabilities Other	518K	491K	517K	456K	219K	208.1K
Net Invested Capital	104.1M	92.5M	143.0M	128.1M	126.9M	131.3M
Net Working Capital	59.1M	51.8M	101.3M	88.6M	85.9M	71.5M

Pair Trading with Tree Island

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

Moving together with Tree Stock

0.71	IE	Ivanhoe Energy	Pair Corr
0.76	FDY	Faraday Copper Corp	Pair Corr

Moving against Tree Stock

0.5

INFM

Infinico Metals Corp

Pair Corr

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

The correlation of Tree Island 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 Tree Island moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tree Island Steel 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 Tree Island 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

Other Information on Investing in Tree Stock

Balance Sheet is a snapshot of the financial position of Tree Island Steel at a specified time, usually calculated after every quarter, six months, or one year. Tree Island Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tree Island 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 Tree currently owns. An asset can also be divided into two categories, current and non-current.

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Tree Roe vs Roic Analysis

Roe vs Roic

Roe vs Roic Correlation Analysis

Correlation Coefficient

Roe

Roic

Tree Island fundamental ratios Correlations

Tree Island Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tree Island fundamental ratios Accounts

Pair Trading with Tree Island

Moving together with Tree Stock

Moving against Tree Stock

Other Information on Investing in Tree Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.94	Total Assets
Non Current Assets Total	+ 0.93	Total Assets
Non Current Assets Total	+ 0.93	Accounts Payable
Intangible Assets	+ 0.93	Non Current Assets Total

Cash And Short Term Investments	- 0.76	Net Debt
Cash	- 0.76	Net Debt
Retained Earnings	- 0.74	Net Debt
Good Will	- 0.66	Total Liab
Short Term Debt	- 0.65	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.63	Net Debt