Sienna Cash vs Good Will Analysis

SIA Stock

CAD 16.82 0.08 0.48%

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 Cash and its Good Will 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.

Cash vs Good Will

Cash vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sienna Senior Living Cash account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Sienna Senior's Cash and Good Will is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Good Will 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 Cash and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sienna Senior Living are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Cash i.e., Sienna Senior's Cash and Good Will go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Sienna Senior Living, which is listed under current asset account on Sienna Senior Living balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sienna Senior customers. The amounts must be unrestricted with restricted cash listed in a different Sienna Senior account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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 20th of September 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 Expense	30.4M	33.8M	40.6M	30.0M
Depreciation And Amortization	53.1M	47.3M	49.6M	50.0M

Interest Expense Depreciation And Amortization

Sienna Senior 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	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Inventory	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.99	0.28	0.67	0.93	1.0	0.99	-0.85	0.48	0.43	1.0	-0.55	0.43	0.83	0.95	0.98	0.96	0.56	-0.54	0.99	0.95	0.66	0.91	-0.4	0.53	0.97
Short Long Term Debt Total	0.99		0.25	0.67	0.9	0.99	1.0	-0.85	0.49	0.47	0.99	-0.53	0.47	0.85	0.91	0.98	0.97	0.53	-0.55	0.99	0.93	0.68	0.9	-0.37	0.51	0.95
Other Current Liab	0.28	0.25		0.25	0.21	0.23	0.24	-0.36	-0.22	0.14	0.27	-0.31	0.14	0.17	0.26	0.34	0.21	0.38	-0.85	0.29	0.38	0.23	0.1	-0.33	0.43	0.28
Total Current Liabilities	0.67	0.67	0.25		0.5	0.65	0.67	-0.92	0.09	0.31	0.67	-0.78	0.31	0.48	0.72	0.71	0.56	0.48	-0.42	0.72	0.74	0.45	0.52	-0.52	0.92	0.69
Total Stockholder Equity	0.93	0.9	0.21	0.5		0.94	0.9	-0.67	0.6	0.33	0.94	-0.39	0.33	0.75	0.87	0.87	0.91	0.42	-0.42	0.87	0.82	0.53	0.93	-0.31	0.33	0.89
Property Plant And Equipment Net	1.0	0.99	0.23	0.65	0.94		0.99	-0.83	0.49	0.43	1.0	-0.54	0.43	0.85	0.94	0.98	0.97	0.56	-0.51	0.98	0.94	0.66	0.91	-0.38	0.5	0.97
Net Debt	0.99	1.0	0.24	0.67	0.9	0.99		-0.84	0.52	0.41	0.99	-0.5	0.41	0.82	0.91	0.98	0.97	0.53	-0.55	0.99	0.93	0.63	0.92	-0.36	0.51	0.95
Retained Earnings	-0.85	-0.85	-0.36	-0.92	-0.67	-0.83	-0.84		-0.14	-0.43	-0.84	0.84	-0.43	-0.73	-0.88	-0.9	-0.78	-0.69	0.56	-0.89	-0.91	-0.66	-0.64	0.57	-0.88	-0.87
Accounts Payable	0.48	0.49	-0.22	0.09	0.6	0.49	0.52	-0.14		-0.25	0.51	0.34	-0.25	0.18	0.29	0.37	0.55	-0.17	-0.06	0.4	0.28	-0.15	0.73	0.07	-0.21	0.35
Cash	0.43	0.47	0.14	0.31	0.33	0.43	0.41	-0.43	-0.25		0.38	-0.53	1.0	0.69	0.42	0.45	0.45	0.22	-0.21	0.46	0.34	0.91	0.26	-0.32	0.29	0.42
Non Current Assets Total	1.0	0.99	0.27	0.67	0.94	1.0	0.99	-0.84	0.51	0.38		-0.53	0.38	0.8	0.94	0.98	0.96	0.55	-0.54	0.98	0.95	0.61	0.92	-0.39	0.52	0.97
Non Currrent Assets Other	-0.55	-0.53	-0.31	-0.78	-0.39	-0.54	-0.5	0.84	0.34	-0.53	-0.53		-0.53	-0.62	-0.7	-0.63	-0.46	-0.76	0.32	-0.6	-0.69	-0.7	-0.26	0.57	-0.89	-0.65
Cash And Short Term Investments	0.43	0.47	0.14	0.31	0.33	0.43	0.41	-0.43	-0.25	1.0	0.38	-0.53		0.69	0.42	0.45	0.45	0.22	-0.21	0.46	0.34	0.91	0.26	-0.32	0.29	0.42
Net Receivables	0.83	0.85	0.17	0.48	0.75	0.85	0.82	-0.73	0.18	0.69	0.8	-0.62	0.69		0.78	0.84	0.88	0.64	-0.44	0.83	0.78	0.9	0.68	-0.34	0.43	0.8
Good Will	0.95	0.91	0.26	0.72	0.87	0.94	0.91	-0.88	0.29	0.42	0.94	-0.7	0.42	0.78		0.96	0.87	0.66	-0.44	0.94	0.96	0.65	0.78	-0.54	0.64	0.99
Common Stock Shares Outstanding	0.98	0.98	0.34	0.71	0.87	0.98	0.98	-0.9	0.37	0.45	0.98	-0.63	0.45	0.84	0.96		0.94	0.63	-0.59	0.99	0.97	0.68	0.83	-0.47	0.61	0.98
Non Current Liabilities Total	0.96	0.97	0.21	0.56	0.91	0.97	0.97	-0.78	0.55	0.45	0.96	-0.46	0.45	0.88	0.87	0.94		0.53	-0.52	0.95	0.87	0.68	0.9	-0.33	0.41	0.9
Other Current Assets	0.56	0.53	0.38	0.48	0.42	0.56	0.53	-0.69	-0.17	0.22	0.55	-0.76	0.22	0.64	0.66	0.63	0.53		-0.41	0.6	0.75	0.56	0.32	-0.46	0.64	0.65
Other Stockholder Equity	-0.54	-0.55	-0.85	-0.42	-0.42	-0.51	-0.55	0.56	-0.06	-0.21	-0.54	0.32	-0.21	-0.44	-0.44	-0.59	-0.52	-0.41		-0.57	-0.59	-0.37	-0.39	0.29	-0.47	-0.48
Total Liab	0.99	0.99	0.29	0.72	0.87	0.98	0.99	-0.89	0.4	0.46	0.98	-0.6	0.46	0.83	0.94	0.99	0.95	0.6	-0.57		0.97	0.68	0.87	-0.42	0.6	0.97
Property Plant And Equipment Gross	0.95	0.93	0.38	0.74	0.82	0.94	0.93	-0.91	0.28	0.34	0.95	-0.69	0.34	0.78	0.96	0.97	0.87	0.75	-0.59	0.97		0.63	0.77	-0.48	0.69	0.97
Total Current Assets	0.66	0.68	0.23	0.45	0.53	0.66	0.63	-0.66	-0.15	0.91	0.61	-0.7	0.91	0.9	0.65	0.68	0.68	0.56	-0.37	0.68	0.63		0.45	-0.35	0.46	0.66
Intangible Assets	0.91	0.9	0.1	0.52	0.93	0.91	0.92	-0.64	0.73	0.26	0.92	-0.26	0.26	0.68	0.78	0.83	0.9	0.32	-0.39	0.87	0.77	0.45		-0.18	0.27	0.84
Inventory	-0.4	-0.37	-0.33	-0.52	-0.31	-0.38	-0.36	0.57	0.07	-0.32	-0.39	0.57	-0.32	-0.34	-0.54	-0.47	-0.33	-0.46	0.29	-0.42	-0.48	-0.35	-0.18		-0.58	-0.47
Current Deferred Revenue	0.53	0.51	0.43	0.92	0.33	0.5	0.51	-0.88	-0.21	0.29	0.52	-0.89	0.29	0.43	0.64	0.61	0.41	0.64	-0.47	0.6	0.69	0.46	0.27	-0.58		0.6
Common Stock Total Equity	0.97	0.95	0.28	0.69	0.89	0.97	0.95	-0.87	0.35	0.42	0.97	-0.65	0.42	0.8	0.99	0.98	0.9	0.65	-0.48	0.97	0.97	0.66	0.84	-0.47	0.6

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Sienna Senior Account Relationship Matchups

Sienna Senior fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	1.6B	1.7B	1.7B	1.4B
Short Long Term Debt Total	991.8M	1.0B	950.3M	978.0M	1.0B	825.7M
Other Current Liab	473K	2.2M	905K	166.2M	1.8M	1.7M
Total Current Liabilities	147.7M	265.2M	230.5M	336.7M	508.5M	533.9M
Total Stockholder Equity	530.5M	447.4M	405.9M	434.7M	373.8M	364.7M
Property Plant And Equipment Net	1.2B	1.1B	1.1B	1.1B	1.1B	887.4M
Net Debt	971.0M	936.9M	921.2M	939.9M	982.2M	794.7M
Retained Earnings	(344.1M)	(431.3M)	(473.4M)	(530.0M)	(591.3M)	(561.7M)
Accounts Payable	96.4M	38.5M	53.9M	44.4M	53.3M	65.4M
Cash	20.8M	95.7M	29.1M	38.1M	24.4M	30.9M
Non Current Assets Total	1.6B	1.5B	1.5B	1.6B	1.6B	1.3B
Non Currrent Assets Other	75.2M	3.4M	4.0M	15.5M	2.5M	2.4M
Cash And Short Term Investments	20.8M	95.7M	29.1M	38.1M	24.4M	30.9M
Net Receivables	29.6M	41.0M	38.2M	29.2M	24.0M	26.7M
Common Stock Shares Outstanding	66.5M	67.0M	67.0M	71.6M	73.0M	53.8M
Liabilities And Stockholders Equity	1.7B	1.7B	1.6B	1.7B	1.7B	1.4B
Non Current Liabilities Total	1.0B	965.5M	972.9M	909.0M	813.1M	816.8M
Other Current Assets	4.4M	7.0M	28.5M	16.5M	12.3M	6.5M
Total Liab	1.2B	1.2B	1.2B	1.2B	1.3B	1.0B
Property Plant And Equipment Gross	1.2B	1.1B	1.4B	1.5B	1.6B	981.1M
Total Current Assets	54.7M	143.6M	95.7M	83.8M	60.7M	65.9M
Intangible Assets	233.6M	201.8M	195.9M	192.3M	197.2M	187.6M
Inventory	9.5M	(409K)	(387K)	(2.3M)	(1.6M)	(1.5M)
Current Deferred Revenue	6.4M	88.7M	124.5M	204.8M	235.6M	247.3M
Common Stock Total Equity	639.4M	859.0M	875.1M	878.5M	1.0B	633.5M
Short Term Debt	44.4M	135.7M	51.2M	126.1M	248.5M	260.9M
Common Stock	875.1M	878.5M	879.0M	964.5M	964.8M	732.5M
Other Liab	64.6M	60.3M	73.7M	57.2M	51.4M	52.5M
Net Tangible Assets	129.2M	78.0M	42.3M	77.5M	89.1M	48.1M
Other Assets	74.8M	30.7M	40.3M	6.6M	6.0M	5.7M
Long Term Debt	947.3M	896.9M	898.3M	851.9M	758.2M	839.9M
Short Long Term Debt	44.4M	135.7M	51.2M	126.1M	248.5M	260.9M
Property Plant Equipment	1.2B	1.1B	1.1B	1.1B	1.2B	997.9M
Long Term Investments	352K	2.3M	6.3M	159.1M	145.7M	152.9M
Long Term Debt Total	947.3M	896.9M	899.1M	851.9M	979.6M	897.6M
Net Invested Capital	1.5B	1.5B	1.4B	1.4B	1.4B	1.1B

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.

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 Correlation Correlation 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.

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Sienna Cash vs Good Will Analysis

Cash vs Good Will

Cash vs Good Will Correlation Analysis

Correlation Coefficient

Cash

Good Will

Sienna Senior fundamental ratios Correlations

Sienna Senior Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sienna Senior fundamental ratios Accounts

Pair Trading with Sienna Senior

Other Information on Investing in Sienna Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets

Retained Earnings	- 0.92	Total Current Liabilities
Property Plant And Equipment Gross	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.9	Retained Earnings
Current Deferred Revenue	- 0.89	Non Currrent Assets Other
Total Liab	- 0.89	Retained Earnings
Current Deferred Revenue	- 0.88	Retained Earnings