True Dividend Yield vs Book Value Per Share Analysis

TNT-UN Stock

CAD 8.98 0.18 1.97%

True North financial indicator trend analysis is much more than just breaking down True North Commercial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether True North Commercial is a good investment. Please check the relationship between True North Dividend Yield and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in True North Commercial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Dividend Yield vs Book Value Per Share

Dividend Yield vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of True North Commercial Dividend Yield account and Book Value Per Share. At this time, the significance of the direction appears to have almost identical trend.

The correlation between True North's Dividend Yield and Book Value Per Share is 0.9. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of True North Commercial, assuming nothing else is changed. The correlation between historical values of True North's Dividend Yield and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of True North Commercial are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Dividend Yield i.e., True North's Dividend Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Dividend Yield

Dividend Yield is True North Commercial dividend as a percentage of True North stock price. True North Commercial dividend yield is a measure of True North stock productivity, which can be interpreted as interest rate earned on an True North investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from True North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into True North Commercial 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 True North Commercial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

The current year's Enterprise Value is expected to grow to about 1.6 B, whereas Selling General Administrative is forecasted to decline to about 4.3 M.

	2022	2023	2024	2025 (projected)
Gross Profit	86.5M	72.5M	65.8M	51.8M
Total Revenue	143.6M	132.2M	126.9M	88.8M

Gross Profit Total Revenue

True North fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.99	0.75	0.7	1.0	0.99	0.88	1.0	-0.33	0.8	0.47	1.0	-0.01	0.45	0.76	0.14	0.98	0.5	0.73	1.0	0.62	0.84	0.98	0.98	0.79	0.98
Short Long Term Debt Total	0.99		0.68	0.75	0.97	1.0	0.9	0.99	-0.42	0.84	0.46	0.98	0.07	0.44	0.76	0.1	0.95	0.55	0.75	0.99	0.66	0.86	1.0	0.99	0.79	0.94
Other Current Liab	0.75	0.68		0.3	0.78	0.72	0.45	0.73	0.22	0.39	0.25	0.75	-0.33	0.26	0.78	0.28	0.77	0.23	0.39	0.73	0.32	0.56	0.66	0.67	0.43	0.74
Total Current Liabilities	0.7	0.75	0.3		0.67	0.72	0.92	0.72	-0.81	0.94	0.26	0.68	0.49	0.22	0.65	-0.08	0.6	0.81	0.82	0.72	0.84	0.91	0.75	0.74	0.58	0.62
Total Stockholder Equity	1.0	0.97	0.78	0.67		0.99	0.86	0.99	-0.27	0.77	0.46	1.0	-0.06	0.46	0.75	0.17	0.99	0.44	0.71	0.99	0.58	0.82	0.97	0.97	0.78	0.98
Property Plant And Equipment Net	0.99	1.0	0.72	0.72	0.99		0.89	0.99	-0.36	0.81	0.46	0.99	0.01	0.44	0.74	0.13	0.96	0.49	0.74	0.99	0.61	0.84	0.99	0.99	0.79	0.96
Current Deferred Revenue	0.88	0.9	0.45	0.92	0.86	0.89		0.9	-0.69	0.97	0.43	0.88	0.28	0.41	0.69	0.01	0.83	0.72	0.81	0.9	0.81	0.91	0.91	0.9	0.78	0.85
Net Debt	1.0	0.99	0.73	0.72	0.99	0.99	0.9		-0.37	0.82	0.44	1.0	0.03	0.43	0.76	0.11	0.98	0.53	0.74	1.0	0.64	0.86	0.99	0.99	0.78	0.97
Retained Earnings	-0.33	-0.42	0.22	-0.81	-0.27	-0.36	-0.69	-0.37		-0.79	-0.2	-0.31	-0.76	-0.16	-0.27	0.28	-0.24	-0.82	-0.6	-0.37	-0.79	-0.63	-0.45	-0.42	-0.32	-0.28
Accounts Payable	0.8	0.84	0.39	0.94	0.77	0.81	0.97	0.82	-0.79		0.38	0.79	0.42	0.35	0.7	-0.08	0.74	0.85	0.78	0.82	0.91	0.92	0.84	0.83	0.67	0.77
Cash	0.47	0.46	0.25	0.26	0.46	0.46	0.43	0.44	-0.2	0.38		0.46	-0.19	1.0	0.31	0.11	0.49	0.2	0.25	0.46	0.41	0.22	0.47	0.45	0.45	0.46
Non Current Assets Total	1.0	0.98	0.75	0.68	1.0	0.99	0.88	1.0	-0.31	0.79	0.46		-0.04	0.45	0.74	0.14	0.99	0.46	0.72	1.0	0.59	0.83	0.98	0.98	0.79	0.98
Non Currrent Assets Other	-0.01	0.07	-0.33	0.49	-0.06	0.01	0.28	0.03	-0.76	0.42	-0.19	-0.04		-0.23	0.01	-0.04	-0.09	0.63	0.53	0.02	0.52	0.33	0.09	0.06	-0.27	-0.07
Cash And Short Term Investments	0.45	0.44	0.26	0.22	0.46	0.44	0.41	0.43	-0.16	0.35	1.0	0.45	-0.23		0.3	0.12	0.49	0.17	0.22	0.45	0.39	0.2	0.45	0.43	0.43	0.46
Net Receivables	0.76	0.76	0.78	0.65	0.75	0.74	0.69	0.76	-0.27	0.7	0.31	0.74	0.01	0.3		0.17	0.7	0.67	0.58	0.76	0.73	0.8	0.75	0.72	0.61	0.68
Common Stock Shares Outstanding	0.14	0.1	0.28	-0.08	0.17	0.13	0.01	0.11	0.28	-0.08	0.11	0.14	-0.04	0.12	0.17		0.17	-0.13	0.4	0.12	-0.07	-0.04	0.09	0.09	-0.05	0.11
Non Current Liabilities Total	0.98	0.95	0.77	0.6	0.99	0.96	0.83	0.98	-0.24	0.74	0.49	0.99	-0.09	0.49	0.7	0.17		0.41	0.67	0.98	0.55	0.76	0.94	0.94	0.76	0.99
Inventory	0.5	0.55	0.23	0.81	0.44	0.49	0.72	0.53	-0.82	0.85	0.2	0.46	0.63	0.17	0.67	-0.13	0.41		0.62	0.53	0.97	0.78	0.56	0.52	0.35	0.43
Other Current Assets	0.73	0.75	0.39	0.82	0.71	0.74	0.81	0.74	-0.6	0.78	0.25	0.72	0.53	0.22	0.58	0.4	0.67	0.62		0.74	0.68	0.8	0.76	0.75	0.43	0.66
Total Liab	1.0	0.99	0.73	0.72	0.99	0.99	0.9	1.0	-0.37	0.82	0.46	1.0	0.02	0.45	0.76	0.12	0.98	0.53	0.74		0.65	0.85	0.99	0.99	0.79	0.97
Total Current Assets	0.62	0.66	0.32	0.84	0.58	0.61	0.81	0.64	-0.79	0.91	0.41	0.59	0.52	0.39	0.73	-0.07	0.55	0.97	0.68	0.65		0.82	0.67	0.64	0.46	0.57
Short Term Debt	0.84	0.86	0.56	0.91	0.82	0.84	0.91	0.86	-0.63	0.92	0.22	0.83	0.33	0.2	0.8	-0.04	0.76	0.78	0.8	0.85	0.82		0.86	0.85	0.65	0.78
Common Stock	0.98	1.0	0.66	0.75	0.97	0.99	0.91	0.99	-0.45	0.84	0.47	0.98	0.09	0.45	0.75	0.09	0.94	0.56	0.76	0.99	0.67	0.86		1.0	0.78	0.93
Net Tangible Assets	0.98	0.99	0.67	0.74	0.97	0.99	0.9	0.99	-0.42	0.83	0.45	0.98	0.06	0.43	0.72	0.09	0.94	0.52	0.75	0.99	0.64	0.85	1.0		0.78	0.95
Other Assets	0.79	0.79	0.43	0.58	0.78	0.79	0.78	0.78	-0.32	0.67	0.45	0.79	-0.27	0.43	0.61	-0.05	0.76	0.35	0.43	0.79	0.46	0.65	0.78	0.78		0.77
Long Term Debt	0.98	0.94	0.74	0.62	0.98	0.96	0.85	0.97	-0.28	0.77	0.46	0.98	-0.07	0.46	0.68	0.11	0.99	0.43	0.66	0.97	0.57	0.78	0.93	0.95	0.77

Click cells to compare fundamentals

True North Account Relationship Matchups

True North fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.4B	1.4B	1.5B	1.3B	1.2B	943.6M
Short Long Term Debt Total	812.5M	820.4M	861.1M	821.0M	944.1M	531.1M
Other Current Liab	8.5M	8.7M	15.5M	2.3M	2.6M	2.5M
Total Current Liabilities	75.6M	177.2M	230.2M	172.3M	351.6M	369.2M
Total Stockholder Equity	525.2M	540.1M	522.1M	452.8M	416.0M	340.0M
Property Plant And Equipment Net	1.4B	1.4B	1.3B	1.3B	1.4B	879.1M
Current Deferred Revenue	7.6M	8.1M	8.3M	9.0M	10.3M	10.9M
Net Debt	787.9M	814.9M	851.6M	812.0M	755.4M	546.1M
Retained Earnings	(3.0M)	(4.0M)	(41.1M)	(109.1M)	(130.0M)	(123.5M)
Accounts Payable	23.1M	21.2M	37.0M	34.3M	39.6M	41.5M
Cash	24.6M	5.5M	9.5M	8.9M	12.3M	9.0M
Non Current Assets Total	1.4B	1.4B	1.3B	1.3B	1.2B	911.7M
Non Currrent Assets Other	(1.4B)	(1.4B)	1.1M	1.3B	1.1B	1.2B
Cash And Short Term Investments	24.6M	5.5M	9.5M	8.9M	10.3M	8.7M
Net Receivables	2.5M	3.9M	7.3M	2.1M	3.7M	2.8M
Common Stock Shares Outstanding	15.6M	15.9M	16.4M	16.4M	14.1M	16.7M
Liabilities And Stockholders Equity	1.4B	1.4B	1.5B	1.3B	1.5B	908.5M
Non Current Liabilities Total	804.1M	703.9M	698.0M	698.6M	472.6M	490.2M
Inventory	(496K)	(1.5M)	84.3M	54.3M	59.1M	62.0M
Other Current Assets	1.5M	2.9M	3.5M	5.0M	5.8M	6.1M
Total Liab	879.7M	881.1M	928.2M	870.9M	824.2M	603.6M
Total Current Assets	28.6M	12.0M	106.3M	71.2M	79.3M	83.3M
Short Term Debt	36.4M	139.2M	177.7M	126.3M	145.3M	152.5M
Common Stock	528.2M	544.1M	563.3M	561.9M	646.2M	343.2M
Net Tangible Assets	527.3M	525.2M	540.1M	522.1M	600.5M	347.7M
Other Assets	910K	4.1M	5.6M	2.8M	3.3M	2.2M
Long Term Debt	776.0M	681.2M	683.4M	694.4M	468.2M	512.0M
Short Long Term Debt	36.4M	139.2M	177.7M	126.6M	299.6M	314.6M
Property Plant Equipment	1.4B	1.4B	1.4B	1.3B	1.5B	915.8M
Non Current Liabilities Other	24.3M	22.4M	14.6M	4.2M	4.4M	4.2M
Short Term Investments	434K	14K	1.9M	1.9M	2.2M	2.3M
Net Invested Capital	1.3B	1.4B	1.4B	1.3B	1.2B	1.3B
Net Working Capital	(47.0M)	(165.2M)	(123.9M)	(101.1M)	(272.3M)	(258.7M)
Capital Stock	528.2M	544.1M	563.3M	561.9M	546.0M	566.3M

Pair Trading with True North

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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.

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

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

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

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True Dividend Yield vs Book Value Per Share Analysis

Dividend Yield vs Book Value Per Share

Dividend Yield vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Dividend Yield

Book Value Per Share

True North fundamental ratios Correlations

True North Account Relationship Matchups

High Positive Relationship

High Negative Relationship

True North fundamental ratios Accounts

Pair Trading with True North

Other Information on Investing in True Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Short Long Term Debt Total

Inventory	- 0.82	Retained Earnings
Retained Earnings	- 0.81	Total Current Liabilities
Total Current Assets	- 0.79	Retained Earnings
Accounts Payable	- 0.79	Retained Earnings
Non Currrent Assets Other	- 0.76	Retained Earnings
Retained Earnings	- 0.69	Current Deferred Revenue