Sienna Current Deferred Revenue vs Total Assets Analysis

SIA Stock  CAD 16.97  0.03  0.18%   
Sienna Senior financial indicator trend analysis is much more than just breaking down Sienna Senior Living prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sienna Senior Living is a good investment. Please check the relationship between Sienna Senior Current Deferred Revenue and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sienna Senior Living. 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.

Current Deferred Revenue vs Total Assets

Current Deferred Revenue vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sienna Senior Living Current Deferred Revenue account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sienna Senior's Current Deferred Revenue and Total Assets is 0.53. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Sienna Senior Living, assuming nothing else is changed. The correlation between historical values of Sienna Senior's Current Deferred Revenue and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Sienna Senior Living are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Current Deferred Revenue i.e., Sienna Senior's Current Deferred Revenue and Total Assets go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Total Assets

Total assets refers to the total amount of Sienna Senior assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sienna Senior Living books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Sienna Senior's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sienna Senior Living 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 Sienna Senior Living. 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 9th of November 2024, Discontinued Operations is likely to grow to about 10.3 M, while Selling General Administrative is likely to drop about 23 M.
 2021 2022 2023 2024 (projected)
Interest Expense30.4M33.8M40.6M30.0M
Depreciation And Amortization53.1M47.3M49.6M50.0M

Sienna Senior fundamental ratios Correlations

0.990.280.670.931.00.99-0.850.480.431.0-0.550.430.830.950.980.960.56-0.540.990.950.660.91-0.40.530.97
0.990.250.670.90.991.0-0.850.490.470.99-0.530.470.850.910.980.970.53-0.550.990.930.680.9-0.370.510.95
0.280.250.250.210.230.24-0.36-0.220.140.27-0.310.140.170.260.340.210.38-0.850.290.380.230.1-0.330.430.28
0.670.670.250.50.650.67-0.920.090.310.67-0.780.310.480.720.710.560.48-0.420.720.740.450.52-0.520.920.69
0.930.90.210.50.940.9-0.670.60.330.94-0.390.330.750.870.870.910.42-0.420.870.820.530.93-0.310.330.89
1.00.990.230.650.940.99-0.830.490.431.0-0.540.430.850.940.980.970.56-0.510.980.940.660.91-0.380.50.97
0.991.00.240.670.90.99-0.840.520.410.99-0.50.410.820.910.980.970.53-0.550.990.930.630.92-0.360.510.95
-0.85-0.85-0.36-0.92-0.67-0.83-0.84-0.14-0.43-0.840.84-0.43-0.73-0.88-0.9-0.78-0.690.56-0.89-0.91-0.66-0.640.57-0.88-0.87
0.480.49-0.220.090.60.490.52-0.14-0.250.510.34-0.250.180.290.370.55-0.17-0.060.40.28-0.150.730.07-0.210.35
0.430.470.140.310.330.430.41-0.43-0.250.38-0.531.00.690.420.450.450.22-0.210.460.340.910.26-0.320.290.42
1.00.990.270.670.941.00.99-0.840.510.38-0.530.380.80.940.980.960.55-0.540.980.950.610.92-0.390.520.97
-0.55-0.53-0.31-0.78-0.39-0.54-0.50.840.34-0.53-0.53-0.53-0.62-0.7-0.63-0.46-0.760.32-0.6-0.69-0.7-0.260.57-0.89-0.65
0.430.470.140.310.330.430.41-0.43-0.251.00.38-0.530.690.420.450.450.22-0.210.460.340.910.26-0.320.290.42
0.830.850.170.480.750.850.82-0.730.180.690.8-0.620.690.780.840.880.64-0.440.830.780.90.68-0.340.430.8
0.950.910.260.720.870.940.91-0.880.290.420.94-0.70.420.780.960.870.66-0.440.940.960.650.78-0.540.640.99
0.980.980.340.710.870.980.98-0.90.370.450.98-0.630.450.840.960.940.63-0.590.990.970.680.83-0.470.610.98
0.960.970.210.560.910.970.97-0.780.550.450.96-0.460.450.880.870.940.53-0.520.950.870.680.9-0.330.410.9
0.560.530.380.480.420.560.53-0.69-0.170.220.55-0.760.220.640.660.630.53-0.410.60.750.560.32-0.460.640.65
-0.54-0.55-0.85-0.42-0.42-0.51-0.550.56-0.06-0.21-0.540.32-0.21-0.44-0.44-0.59-0.52-0.41-0.57-0.59-0.37-0.390.29-0.47-0.48
0.990.990.290.720.870.980.99-0.890.40.460.98-0.60.460.830.940.990.950.6-0.570.970.680.87-0.420.60.97
0.950.930.380.740.820.940.93-0.910.280.340.95-0.690.340.780.960.970.870.75-0.590.970.630.77-0.480.690.97
0.660.680.230.450.530.660.63-0.66-0.150.910.61-0.70.910.90.650.680.680.56-0.370.680.630.45-0.350.460.66
0.910.90.10.520.930.910.92-0.640.730.260.92-0.260.260.680.780.830.90.32-0.390.870.770.45-0.180.270.84
-0.4-0.37-0.33-0.52-0.31-0.38-0.360.570.07-0.32-0.390.57-0.32-0.34-0.54-0.47-0.33-0.460.29-0.42-0.48-0.35-0.18-0.58-0.47
0.530.510.430.920.330.50.51-0.88-0.210.290.52-0.890.290.430.640.610.410.64-0.470.60.690.460.27-0.580.6
0.970.950.280.690.890.970.95-0.870.350.420.97-0.650.420.80.990.980.90.65-0.480.970.970.660.84-0.470.6
Click cells to compare fundamentals

Sienna Senior Account Relationship Matchups

Sienna Senior fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.7B1.6B1.7B1.7B1.4B
Short Long Term Debt Total991.8M1.0B950.3M978.0M1.0B825.7M
Other Current Liab473K2.2M905K166.2M1.8M1.7M
Total Current Liabilities147.7M265.2M230.5M336.7M508.5M533.9M
Total Stockholder Equity530.5M447.4M405.9M434.7M373.8M364.7M
Property Plant And Equipment Net1.2B1.1B1.1B1.1B1.1B887.4M
Net Debt971.0M936.9M921.2M939.9M982.2M794.7M
Retained Earnings(344.1M)(431.3M)(473.4M)(530.0M)(591.3M)(561.7M)
Accounts Payable96.4M38.5M53.9M44.4M53.3M65.4M
Cash20.8M95.7M29.1M38.1M24.4M30.9M
Non Current Assets Total1.6B1.5B1.5B1.6B1.6B1.3B
Non Currrent Assets Other75.2M3.4M4.0M15.5M2.5M2.4M
Cash And Short Term Investments20.8M95.7M29.1M38.1M24.4M30.9M
Net Receivables29.6M41.0M38.2M29.2M24.0M26.7M
Common Stock Shares Outstanding66.5M67.0M67.0M71.6M73.0M53.8M
Liabilities And Stockholders Equity1.7B1.7B1.6B1.7B1.7B1.4B
Non Current Liabilities Total1.0B965.5M972.9M909.0M813.1M816.8M
Other Current Assets4.4M7.0M28.5M16.5M12.3M6.5M
Total Liab1.2B1.2B1.2B1.2B1.3B1.0B
Property Plant And Equipment Gross1.2B1.1B1.4B1.5B1.6B981.1M
Total Current Assets54.7M143.6M95.7M83.8M60.7M65.9M
Intangible Assets233.6M201.8M195.9M192.3M197.2M187.6M
Inventory9.5M(409K)(387K)(2.3M)(1.6M)(1.5M)
Current Deferred Revenue6.4M88.7M124.5M204.8M235.6M247.3M
Common Stock Total Equity639.4M859.0M875.1M878.5M1.0B633.5M
Short Term Debt44.4M135.7M51.2M126.1M248.5M260.9M
Common Stock875.1M878.5M879.0M964.5M964.8M732.5M
Other Liab64.6M60.3M73.7M57.2M51.4M52.5M
Net Tangible Assets129.2M78.0M42.3M77.5M89.1M48.1M
Other Assets74.8M30.7M40.3M6.6M6.0M5.7M
Long Term Debt947.3M896.9M898.3M851.9M758.2M839.9M
Short Long Term Debt44.4M135.7M51.2M126.1M248.5M260.9M
Property Plant Equipment1.2B1.1B1.1B1.1B1.2B997.9M
Long Term Investments352K2.3M6.3M159.1M145.7M152.9M
Long Term Debt Total947.3M896.9M899.1M851.9M979.6M897.6M
Net Invested Capital1.5B1.5B1.4B1.4B1.4B1.1B

Pair Trading with Sienna Senior

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 Sienna Senior 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 Sienna Senior will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sienna Stock

  0.86FGAA-U FG Acquisition CorpPairCorr
  0.9CEE Centamin PLCPairCorr
  0.83GIL Gildan ActivewearPairCorr

Moving against Sienna Stock

  0.56PNC-B Postmedia Network CanadaPairCorr
The ability to find closely correlated positions to Sienna Senior could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sienna Senior 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 Sienna Senior - 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 Sienna Senior Living to buy it.
The correlation of Sienna Senior 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 Sienna Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sienna Senior Living 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 Sienna Senior 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

Other Information on Investing in Sienna Stock

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