Telus Other Stockholder Equity vs Common Stock Shares Outstanding Analysis

TU Stock

USD 16.44 0.01 0.06%

Telus Corp financial indicator trend analysis is much more than just breaking down Telus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telus Corp is a good investment. Please check the relationship between Telus Corp Other Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Telus Stock please use our How to Invest in Telus Corp guide.

Other Stockholder Equity vs Common Stock Shares Outstanding

Other Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Telus Corp Other Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Telus Corp's Other Stockholder Equity and Common Stock Shares Outstanding is -0.08. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Telus Corp, assuming nothing else is changed. The correlation between historical values of Telus Corp's Other Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Telus Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Stockholder Equity i.e., Telus Corp's Other Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Stockholder Equity

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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

For more information on how to buy Telus Stock please use our How to Invest in Telus Corp guide.At this time, Telus Corp's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 392.6 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.16 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	10.1B	11.2B	12.5B	6.5B
Total Revenue	16.8B	18.3B	20.0B	12.1B

Gross Profit Total Revenue

Telus Corp 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	Retained Earnings	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Inventory	Common Stock	Other Liab
Total Assets		0.99	0.92	0.98	0.85	0.87	0.99	0.6	0.09	0.94	0.85	0.72	0.93	0.98	0.75	0.99	0.84	-0.24	1.0	0.91	0.99	0.87	0.99	0.72	0.86	0.92
Short Long Term Debt Total	0.99		0.92	0.97	0.82	0.86	1.0	0.58	0.05	0.94	0.84	0.7	0.94	0.97	0.7	0.99	0.85	-0.26	1.0	0.89	0.98	0.87	0.99	0.69	0.82	0.92
Other Current Liab	0.92	0.92		0.9	0.78	0.84	0.92	0.66	-0.28	0.89	0.82	0.55	0.89	0.87	0.59	0.93	0.8	-0.28	0.93	0.78	0.9	0.8	0.93	0.69	0.75	0.91
Total Current Liabilities	0.98	0.97	0.9		0.81	0.8	0.97	0.48	0.07	0.9	0.8	0.78	0.89	0.96	0.76	0.95	0.8	-0.16	0.97	0.95	0.96	0.94	0.97	0.66	0.84	0.9
Total Stockholder Equity	0.85	0.82	0.78	0.81		0.96	0.82	0.71	0.14	0.82	0.97	0.64	0.82	0.83	0.73	0.83	0.71	-0.18	0.83	0.8	0.85	0.67	0.85	0.84	0.74	0.79
Property Plant And Equipment Net	0.87	0.86	0.84	0.8	0.96		0.86	0.79	0.02	0.86	0.99	0.51	0.86	0.82	0.62	0.88	0.74	-0.28	0.87	0.72	0.85	0.64	0.87	0.84	0.71	0.85
Net Debt	0.99	1.0	0.92	0.97	0.82	0.86		0.58	0.05	0.94	0.84	0.69	0.93	0.97	0.7	0.99	0.85	-0.26	1.0	0.89	0.98	0.87	0.99	0.69	0.83	0.91
Retained Earnings	0.6	0.58	0.66	0.48	0.71	0.79	0.58		-0.03	0.63	0.74	0.18	0.63	0.57	0.28	0.64	0.62	-0.35	0.61	0.38	0.61	0.24	0.6	0.67	0.44	0.66
Accounts Payable	0.09	0.05	-0.28	0.07	0.14	0.02	0.05	-0.03		0.0	0.06	0.28	0.0	0.13	0.32	0.05	-0.06	0.18	0.06	0.18	0.09	0.01	0.07	0.12	0.22	-0.07
Cash	0.94	0.94	0.89	0.9	0.82	0.86	0.94	0.63	0.0		0.83	0.67	1.0	0.9	0.6	0.94	0.83	-0.29	0.94	0.83	0.93	0.78	0.92	0.63	0.71	0.92
Non Current Assets Total	0.85	0.84	0.82	0.8	0.97	0.99	0.84	0.74	0.06	0.83		0.52	0.83	0.81	0.68	0.86	0.68	-0.27	0.85	0.73	0.83	0.63	0.86	0.87	0.75	0.8
Non Currrent Assets Other	0.72	0.7	0.55	0.78	0.64	0.51	0.69	0.18	0.28	0.67	0.52		0.67	0.76	0.56	0.63	0.72	0.02	0.67	0.93	0.75	0.84	0.68	0.28	0.5	0.56
Cash And Short Term Investments	0.93	0.94	0.89	0.89	0.82	0.86	0.93	0.63	0.0	1.0	0.83	0.67		0.9	0.59	0.94	0.84	-0.3	0.93	0.82	0.93	0.78	0.92	0.63	0.71	0.91
Net Receivables	0.98	0.97	0.87	0.96	0.83	0.82	0.97	0.57	0.13	0.9	0.81	0.76	0.9		0.76	0.96	0.87	-0.17	0.97	0.92	1.0	0.88	0.96	0.67	0.82	0.9
Common Stock Shares Outstanding	0.75	0.7	0.59	0.76	0.73	0.62	0.7	0.28	0.32	0.6	0.68	0.56	0.59	0.76		0.71	0.38	-0.08	0.73	0.72	0.72	0.67	0.76	0.79	0.94	0.59
Non Current Liabilities Total	0.99	0.99	0.93	0.95	0.83	0.88	0.99	0.64	0.05	0.94	0.86	0.63	0.94	0.96	0.71		0.83	-0.31	1.0	0.85	0.97	0.81	0.99	0.74	0.85	0.92
Other Current Assets	0.84	0.85	0.8	0.8	0.71	0.74	0.85	0.62	-0.06	0.83	0.68	0.72	0.84	0.87	0.38	0.83		-0.25	0.83	0.81	0.89	0.74	0.79	0.4	0.48	0.82
Other Stockholder Equity	-0.24	-0.26	-0.28	-0.16	-0.18	-0.28	-0.26	-0.35	0.18	-0.29	-0.27	0.02	-0.3	-0.17	-0.08	-0.31	-0.25		-0.28	-0.07	-0.2	0.06	-0.28	-0.26	-0.25	-0.21
Total Liab	1.0	1.0	0.93	0.97	0.83	0.87	1.0	0.61	0.06	0.94	0.85	0.67	0.93	0.97	0.73	1.0	0.83	-0.28		0.88	0.98	0.85	0.99	0.73	0.86	0.92
Property Plant And Equipment Gross	0.91	0.89	0.78	0.95	0.8	0.72	0.89	0.38	0.18	0.83	0.73	0.93	0.82	0.92	0.72	0.85	0.81	-0.07	0.88		0.91	0.94	0.89	0.54	0.73	0.78
Total Current Assets	0.99	0.98	0.9	0.96	0.85	0.85	0.98	0.61	0.09	0.93	0.83	0.75	0.93	1.0	0.72	0.97	0.89	-0.2	0.98	0.91		0.87	0.96	0.68	0.81	0.92
Short Term Debt	0.87	0.87	0.8	0.94	0.67	0.64	0.87	0.24	0.01	0.78	0.63	0.84	0.78	0.88	0.67	0.81	0.74	0.06	0.85	0.94	0.87		0.85	0.45	0.7	0.8
Intangible Assets	0.99	0.99	0.93	0.97	0.85	0.87	0.99	0.6	0.07	0.92	0.86	0.68	0.92	0.96	0.76	0.99	0.79	-0.28	0.99	0.89	0.96	0.85		0.75	0.88	0.9
Inventory	0.72	0.69	0.69	0.66	0.84	0.84	0.69	0.67	0.12	0.63	0.87	0.28	0.63	0.67	0.79	0.74	0.4	-0.26	0.73	0.54	0.68	0.45	0.75		0.85	0.64
Common Stock	0.86	0.82	0.75	0.84	0.74	0.71	0.83	0.44	0.22	0.71	0.75	0.5	0.71	0.82	0.94	0.85	0.48	-0.25	0.86	0.73	0.81	0.7	0.88	0.85		0.73
Other Liab	0.92	0.92	0.91	0.9	0.79	0.85	0.91	0.66	-0.07	0.92	0.8	0.56	0.91	0.9	0.59	0.92	0.82	-0.21	0.92	0.78	0.92	0.8	0.9	0.64	0.73

Click cells to compare fundamentals

Telus Corp Account Relationship Matchups

Telus Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.0B	43.3B	48.0B	54.0B	56.1B	58.9B
Short Long Term Debt Total	18.6B	20.4B	21.0B	25.1B	27.5B	28.8B
Other Current Liab	2.6B	2.8B	3.2B	3.4B	3.4B	3.6B
Total Current Liabilities	5.6B	5.9B	8.3B	8.3B	9.5B	10.0B
Total Stockholder Equity	10.5B	12.1B	15.1B	16.6B	16.1B	9.4B
Property Plant And Equipment Net	14.2B	15.0B	15.9B	17.1B	17.2B	11.1B
Net Debt	18.0B	19.5B	20.2B	24.2B	26.6B	27.9B
Retained Earnings	4.4B	3.7B	4.3B	4.1B	2.8B	2.5B
Accounts Payable	892M	855M	1.2B	1.4B	996M	1.1B
Cash	535M	848M	723M	974M	864M	907.2M
Non Current Assets Total	33.6B	38.6B	43.0B	48.0B	49.8B	25.1B
Non Currrent Assets Other	82M	119M	1.7B	1.9B	1.9B	2.0B
Cash And Short Term Investments	535M	848M	723M	974M	864M	907.2M
Net Receivables	2.8B	2.9B	3.3B	3.9B	4.2B	4.5B
Common Stock Shares Outstanding	1.2B	1.3B	1.4B	1.4B	1.5B	1.4B
Liabilities And Stockholders Equity	38.0B	43.3B	48.0B	54.0B	56.1B	58.9B
Non Current Liabilities Total	21.7B	24.8B	23.7B	28.1B	29.4B	30.8B
Other Current Assets	555M	486M	541M	700M	718M	753.9M
Other Stockholder Equity	398M	534M	1.0B	956M	997M	947.2M
Total Liab	27.3B	30.7B	31.9B	36.4B	38.8B	40.8B
Property Plant And Equipment Gross	14.2B	15.0B	42.8B	45.5B	47.4B	49.8B
Total Current Assets	4.4B	4.7B	5.0B	6.1B	6.3B	6.6B
Short Term Debt	1.4B	1.5B	3.0B	2.6B	4.1B	4.3B
Intangible Assets	12.8B	15.0B	17.5B	19.2B	19.7B	20.7B
Inventory	437M	407M	448M	537M	484M	322.2M
Accumulated Other Comprehensive Income	119M	117M	203M	110M	(44M)	(41.8M)
Common Stock	5.7B	7.7B	9.6B	11.4B	12.3B	12.9B
Other Liab	4.6B	5.8B	5.7B	5.6B	6.4B	6.7B
Net Tangible Assets	(7.6B)	(10.2B)	(9.7B)	(11.8B)	(10.6B)	(10.1B)
Other Assets	1.1B	1.1B	1.8B	909M	1.0B	1.0B
Long Term Debt	17.1B	18.9B	17.9B	22.5B	23.4B	24.5B
Good Will	5.3B	7.2B	7.3B	9.2B	10.1B	10.6B
Common Stock Total Equity	5.2B	5.4B	5.7B	7.7B	8.8B	5.8B
Deferred Long Term Liab	110M	109M	103M	154M	177.1M	101.9M
Long Term Investments	113M	306M	497M	609M	826M	867.3M
Short Long Term Debt	1.4B	1.5B	3.0B	2.6B	4.1B	4.3B
Property Plant Equipment	14.2B	15.0B	15.9B	17.1B	19.6B	9.9B
Current Deferred Revenue	675M	772M	854M	891M	971M	792.6M
Long Term Debt Total	17.1B	18.9B	17.9B	22.5B	25.9B	17.1B

Pair Trading with Telus Corp

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

Moving together with Telus Stock

0.61	Z	Zillow Group Class	Pair Corr
0.67	EA	Electronic Arts	Pair Corr

Moving against Telus Stock

0.45

Verizon Communications Aggressive Push

Pair Corr

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

The correlation of Telus Corp 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 Telus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telus Corp 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 Telus Corp 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 Telus Stock Analysis

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

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