Bragg Total Current Liabilities vs Other Stockholder Equity Analysis
BRAG Stock | USD 6.38 0.03 0.47% |
Bragg Gaming financial indicator trend analysis is way more than just evaluating Bragg Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bragg Gaming Group is a good investment. Please check the relationship between Bragg Gaming Total Current Liabilities and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Total Current Liabilities vs Other Stockholder Equity
Total Current Liabilities vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bragg Gaming Group Total Current Liabilities account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bragg Gaming's Total Current Liabilities and Other Stockholder Equity is 0.75. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Bragg Gaming Group, assuming nothing else is changed. The correlation between historical values of Bragg Gaming's Total Current Liabilities and Other Stockholder 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 Total Current Liabilities of Bragg Gaming Group are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Bragg Gaming's Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Bragg Gaming balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bragg Gaming Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Other Stockholder Equity
Most indicators from Bragg Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bragg Gaming Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At this time, Bragg Gaming's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Bragg Gaming's current Enterprise Value Multiple is estimated to increase to 12.83, while Issuance Of Capital Stock is projected to decrease to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 28.3M | 45.1M | 36.8M | 38.6M | Total Revenue | 58.3M | 84.7M | 93.3M | 97.9M |
Bragg Gaming fundamental ratios Correlations
Click cells to compare fundamentals
Bragg Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bragg Gaming fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 1.5M | 23.4M | 13.7M | 18.8M | 15.8M | 16.6M | |
Total Current Liabilities | 20.8M | 30.0M | 15.3M | 24.3M | 27.8M | 29.2M | |
Retained Earnings | (46.7M) | (61.2M) | (68.7M) | (72.2M) | (75.7M) | (71.9M) | |
Other Stockholder Equity | 13.3M | 39.0M | 32.2M | 27.8M | 19.8M | 10.3M | |
Total Current Assets | 8.3M | 36.8M | 27.0M | 29.7M | 29.0M | 30.4M | |
Net Receivables | 6.2M | 10.4M | 8.5M | 16.6M | 18.6M | 19.5M | |
Accounts Payable | 5.1M | 6.4M | 1.5M | 4.3M | 7.5M | 7.8M | |
Other Assets | 1.2M | 2.6M | 3.8M | 7.4M | 1.0 | 0.95 | |
Common Stock | 40.2M | 62.3M | 100.3M | 109.9M | 119.5M | 125.5M | |
Net Tangible Assets | (26.7M) | 8.1M | 14.4M | 3.5M | 4.0M | 4.2M | |
Property Plant Equipment | 1.0M | 980K | 831K | 1.2M | 1.4M | 802.0K | |
Other Liab | 15.8M | 1.6M | 1.4M | 3.6M | 3.2M | 3.0M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bragg Gaming in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bragg Gaming's short interest history, or implied volatility extrapolated from Bragg Gaming options trading.
Pair Trading with Bragg Gaming
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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
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The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming 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 Bragg Gaming - 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 Bragg Gaming Group to buy it.
The correlation of Bragg Gaming 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 Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group 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 Bragg Gaming 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Bragg Gaming Group information on this page should be used as a complementary analysis to other Bragg Gaming's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Bragg Stock analysis
When running Bragg Gaming's price analysis, check to measure Bragg Gaming'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 Bragg Gaming is operating at the current time. Most of Bragg Gaming's value examination focuses on studying past and present price action to predict the probability of Bragg Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bragg Gaming's price. Additionally, you may evaluate how the addition of Bragg Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Bragg Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bragg Gaming. If investors know Bragg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bragg Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.095 | Earnings Share (0.18) | Revenue Per Share 4.138 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) |
The market value of Bragg Gaming Group is measured differently than its book value, which is the value of Bragg that is recorded on the company's balance sheet. Investors also form their own opinion of Bragg Gaming's value that differs from its market value or its book value, called intrinsic value, which is Bragg Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bragg Gaming's market value can be influenced by many factors that don't directly affect Bragg Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bragg Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bragg Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bragg Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.