Red Intangible Assets vs Total Permanent Equity Analysis

RRR Stock  USD 51.46  1.64  3.09%   
Red Rock financial indicator trend analysis is much more than just breaking down Red Rock Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Rock Resorts is a good investment. Please check the relationship between Red Rock Intangible Assets and its Total Permanent Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Intangible Assets vs Total Permanent Equity

Intangible Assets vs Total Permanent Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Rock Resorts Intangible Assets account and Total Permanent Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Red Rock's Intangible Assets and Total Permanent Equity is -0.49. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Permanent Equity in the same time period over historical financial statements of Red Rock Resorts, assuming nothing else is changed. The correlation between historical values of Red Rock's Intangible Assets and Total Permanent 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 Intangible Assets of Red Rock Resorts are associated (or correlated) with its Total Permanent Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Permanent Equity has no effect on the direction of Intangible Assets i.e., Red Rock's Intangible Assets and Total Permanent Equity go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Permanent Equity

Most indicators from Red Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Rock Resorts 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 Red Rock Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
As of 10/31/2024, Selling General Administrative is likely to grow to about 367.4 M, while Discontinued Operations is likely to drop (200.4 K).
 2021 2022 2023 2024 (projected)
Interest Expense103.2M129.9M181.0M117.7M
Depreciation And Amortization157.8M128.4M132.5M176.3M

Red Rock fundamental ratios Correlations

0.560.780.820.43-0.720.48-0.770.73-0.120.510.470.670.510.29-0.21-0.770.780.64-0.15-0.450.780.740.7-0.82-0.81
0.560.810.830.59-0.350.97-0.770.830.34-0.050.990.39-0.050.65-0.41-0.790.830.92-0.37-0.120.840.660.31-0.76-0.66
0.780.810.910.57-0.760.79-0.840.990.020.170.760.570.170.57-0.46-0.860.980.88-0.47-0.540.990.960.5-0.87-0.93
0.820.830.910.64-0.740.77-0.930.910.140.140.790.580.140.56-0.3-0.930.940.86-0.28-0.40.960.860.46-0.9-0.87
0.430.590.570.64-0.250.63-0.320.610.37-0.340.620.16-0.340.72-0.45-0.380.520.61-0.5-0.320.590.64-0.08-0.27-0.43
-0.72-0.35-0.76-0.74-0.25-0.270.78-0.720.21-0.44-0.27-0.53-0.44-0.20.30.79-0.79-0.520.30.68-0.78-0.8-0.60.760.88
0.480.970.790.770.63-0.27-0.670.820.29-0.240.990.26-0.240.62-0.39-0.690.780.89-0.38-0.060.80.660.13-0.66-0.62
-0.77-0.77-0.84-0.93-0.320.78-0.67-0.81-0.1-0.33-0.71-0.58-0.33-0.350.210.99-0.92-0.810.150.31-0.9-0.73-0.620.960.87
0.730.830.990.910.61-0.720.82-0.810.040.060.80.520.060.59-0.46-0.830.970.89-0.48-0.510.980.960.41-0.84-0.9
-0.120.340.020.140.370.210.29-0.10.04-0.130.35-0.22-0.130.420.05-0.130.060.39-0.030.40.1-0.020.020.090.04
0.51-0.050.170.14-0.34-0.44-0.24-0.330.06-0.13-0.190.431.0-0.09-0.07-0.320.220.01-0.01-0.310.170.120.91-0.38-0.29
0.470.990.760.790.62-0.270.99-0.710.80.35-0.190.31-0.190.65-0.4-0.720.780.89-0.36-0.070.80.630.17-0.69-0.59
0.670.390.570.580.16-0.530.26-0.580.52-0.220.430.310.430.23-0.06-0.540.580.420.07-0.590.570.530.57-0.71-0.5
0.51-0.050.170.14-0.34-0.44-0.24-0.330.06-0.131.0-0.190.43-0.09-0.07-0.320.220.01-0.01-0.310.170.120.91-0.38-0.29
0.290.650.570.560.72-0.20.62-0.350.590.42-0.090.650.23-0.09-0.47-0.350.550.54-0.63-0.380.590.610.13-0.36-0.29
-0.21-0.41-0.46-0.3-0.450.3-0.390.21-0.460.05-0.07-0.4-0.06-0.07-0.470.3-0.43-0.330.920.59-0.45-0.47-0.190.250.39
-0.77-0.79-0.86-0.93-0.380.79-0.690.99-0.83-0.13-0.32-0.72-0.54-0.32-0.350.3-0.93-0.840.220.32-0.91-0.75-0.610.930.9
0.780.830.980.940.52-0.790.78-0.920.970.060.220.780.580.220.55-0.43-0.930.88-0.42-0.511.00.920.54-0.92-0.93
0.640.920.880.860.61-0.520.89-0.810.890.390.010.890.420.010.54-0.33-0.840.88-0.29-0.170.90.760.38-0.75-0.81
-0.15-0.37-0.47-0.28-0.50.3-0.380.15-0.48-0.03-0.01-0.360.07-0.01-0.630.920.22-0.42-0.290.6-0.45-0.54-0.120.180.34
-0.45-0.12-0.54-0.4-0.320.68-0.060.31-0.510.4-0.31-0.07-0.59-0.31-0.380.590.32-0.51-0.170.6-0.51-0.68-0.360.430.49
0.780.840.990.960.59-0.780.8-0.90.980.10.170.80.570.170.59-0.45-0.911.00.9-0.45-0.510.940.51-0.9-0.92
0.740.660.960.860.64-0.80.66-0.730.96-0.020.120.630.530.120.61-0.47-0.750.920.76-0.54-0.680.940.42-0.76-0.88
0.70.310.50.46-0.08-0.60.13-0.620.410.020.910.170.570.910.13-0.19-0.610.540.38-0.12-0.360.510.42-0.65-0.58
-0.82-0.76-0.87-0.9-0.270.76-0.660.96-0.840.09-0.38-0.69-0.71-0.38-0.360.250.93-0.92-0.750.180.43-0.9-0.76-0.650.84
-0.81-0.66-0.93-0.87-0.430.88-0.620.87-0.90.04-0.29-0.59-0.5-0.29-0.290.390.9-0.93-0.810.340.49-0.92-0.88-0.580.84
Click cells to compare fundamentals

Red Rock Account Relationship Matchups

Red Rock fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding69.6M70.5M116.5M104.7M103.2M81.3M
Total Assets4.1B3.7B3.1B3.3B4.0B3.8B
Short Long Term Debt Total3.0B2.9B2.9B3.0B3.4B3.0B
Other Current Liab182.2M151.4M142.6M232.7M271.4M157.5M
Total Current Liabilities276.0M200.3M204.8M293.2M349.2M288.1M
Total Stockholder Equity500.7M352.6M59.5M43.8M168.8M305.7M
Property Plant And Equipment Net3.3B3.1B2.2B2.6B3.2B3.0B
Current Deferred Revenue22.2M11.9M15.9M18.3M20.2M39.5M
Net Debt2.9B2.8B2.6B2.9B3.3B2.8B
Accounts Payable34.0M11.2M17.5M11.4M25.4M17.9M
Cash128.8M121.2M275.3M117.3M137.6M163.3M
Non Current Assets Total3.8B3.5B2.7B3.1B3.7B3.6B
Non Currrent Assets Other106.1M72.5M127.3M124.9M81.7M94.6M
Cash And Short Term Investments128.8M121.2M275.3M117.3M137.6M163.3M
Net Receivables56.7M35.1M36.7M43.6M76.4M51.7M
Common Stock Total Equity706K713K615K581K522.9K496.8K
Liabilities And Stockholders Equity4.1B3.7B3.1B3.3B4.0B3.8B
Non Current Liabilities Total3.1B2.9B2.9B3.0B3.4B3.0B
Inventory17.8M13.1M11.7M13.2M15.3M14.0M
Other Current Assets17.6M13.8M20.4M24.0M(137.6M)(130.7M)
Other Stockholder Equity376.2M385.6M55.0M0.07.3M7.0M
Total Liab3.3B3.1B3.1B3.3B3.7B3.3B
Property Plant And Equipment Gross3.3B3.1B3.4B3.8B4.5B3.4B
Total Current Assets281.6M249.0M429.1M221.0M282.3M294.9M
Short Term Debt37.6M25.8M28.9M30.9M32.2M37.6M
Intangible Assets108.5M100.8M87.2M84.4M82.8M99.1M
Common Stock706K713K615K581K590K560.5K
Other Liab40.4M44.9M36.0M31.9M28.7M27.3M
Net Tangible Assets196.5M56.1M63.3M(236.3M)(212.6M)(202.0M)
Other Assets444.6M336.5M391.5M618.9M711.7M381.4M
Long Term Debt3.0B2.9B2.8B3.0B3.3B3.0B
Deferred Long Term Liab18.7M22.1M34.1M41.7M47.9M50.3M
Long Term Investments8.9M8.9M8.2M6.1M5.5M8.7M
Short Long Term Debt34.0M22.8M25.9M26.1M26.1M33.8M
Property Plant Equipment3.1B3.1B2.2B2.6B3.0B2.9B
Retained Earnings124.4M(33.1M)3.9M43.2M160.9M168.9M
Long Term Debt Total3.0B2.9B2.8B3.0B3.4B3.0B
Noncontrolling Interest In Consolidated Entity281.9M252.0M(9.5M)(11.5M)(10.4M)(9.9M)

Pair Trading with Red Rock

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

Moving against Red Stock

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The ability to find closely correlated positions to Red Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Rock 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 Red Rock - 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 Red Rock Resorts to buy it.
The correlation of Red Rock 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 Red Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Rock Resorts 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 Red Rock 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 CorrelationCorrelation Matching

Additional Tools for Red Stock Analysis

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