Caribbean Ptb Ratio vs Days Sales Outstanding Analysis

CUP-U Stock  USD 14.24  0.05  0.35%   
Caribbean Utilities financial indicator trend analysis is way more than just evaluating Caribbean Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caribbean Utilities is a good investment. Please check the relationship between Caribbean Utilities Ptb Ratio and its Days Sales Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caribbean Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Ptb Ratio vs Days Sales Outstanding

Ptb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caribbean Utilities Ptb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Caribbean Utilities' Ptb Ratio and Days Sales Outstanding is -0.28. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Caribbean Utilities, assuming nothing else is changed. The correlation between historical values of Caribbean Utilities' Ptb Ratio and Days Sales 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 Ptb Ratio of Caribbean Utilities are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ptb Ratio i.e., Caribbean Utilities' Ptb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Days Sales Outstanding

Most indicators from Caribbean Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caribbean Utilities 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 Caribbean Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At this time, Caribbean Utilities' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit86.9M90.4M98.7M82.5M
Total Revenue198.5M267.3M287.2M175.5M

Caribbean Utilities fundamental ratios Correlations

0.930.890.840.420.930.950.90.85-0.610.040.94-0.720.040.180.850.410.620.890.890.530.3-0.670.90.780.62
0.930.980.880.460.981.00.970.95-0.570.131.0-0.530.130.290.950.60.720.840.980.740.3-0.540.940.90.7
0.890.980.850.480.920.980.980.93-0.520.140.98-0.540.140.330.950.580.730.821.00.760.34-0.570.90.860.67
0.840.880.850.350.90.910.840.82-0.830.080.91-0.370.080.140.850.440.450.70.850.430.2-0.330.950.840.59
0.420.460.480.350.380.450.550.61-0.05-0.390.45-0.35-0.390.850.250.440.490.560.50.360.97-0.360.450.380.17
0.930.980.920.90.380.980.90.93-0.650.170.98-0.490.170.20.910.550.650.830.920.670.24-0.480.950.920.74
0.951.00.980.910.450.980.970.94-0.630.11.0-0.550.10.270.930.550.690.840.970.670.31-0.550.950.890.69
0.90.970.980.840.550.90.970.93-0.47-0.050.96-0.57-0.050.430.90.620.790.820.990.70.4-0.60.870.820.56
0.850.950.930.820.610.930.940.93-0.490.030.94-0.410.030.50.860.670.710.790.940.730.47-0.420.910.920.69
-0.61-0.57-0.52-0.83-0.05-0.65-0.63-0.47-0.49-0.27-0.630.22-0.270.24-0.590.030.06-0.45-0.49-0.030.00.09-0.75-0.63-0.57
0.040.130.140.08-0.390.170.1-0.050.03-0.270.10.151.0-0.570.29-0.2-0.27-0.010.10.32-0.390.170.20.210.61
0.941.00.980.910.450.981.00.960.94-0.630.1-0.540.10.270.940.560.690.840.970.680.3-0.540.950.890.69
-0.72-0.53-0.54-0.37-0.35-0.49-0.55-0.57-0.410.220.15-0.540.15-0.16-0.49-0.09-0.51-0.82-0.54-0.28-0.30.96-0.44-0.27-0.27
0.040.130.140.08-0.390.170.1-0.050.03-0.271.00.10.15-0.570.29-0.2-0.27-0.010.10.32-0.390.170.20.210.61
0.180.290.330.140.850.20.270.430.50.24-0.570.27-0.16-0.570.150.590.60.380.360.390.8-0.260.20.3-0.04
0.850.950.950.850.250.910.930.90.86-0.590.290.94-0.490.290.150.560.650.790.940.740.08-0.520.880.890.75
0.410.60.580.440.440.550.550.620.670.03-0.20.56-0.09-0.20.590.560.810.470.620.740.25-0.260.50.630.3
0.620.720.730.450.490.650.690.790.710.06-0.270.69-0.51-0.270.60.650.810.690.760.790.33-0.650.510.580.24
0.890.840.820.70.560.830.840.820.79-0.45-0.010.84-0.82-0.010.380.790.470.690.820.60.43-0.830.790.730.6
0.890.981.00.850.50.920.970.990.94-0.490.10.97-0.540.10.360.940.620.760.820.770.35-0.570.90.850.65
0.530.740.760.430.360.670.670.70.73-0.030.320.68-0.280.320.390.740.740.790.60.770.22-0.430.580.70.6
0.30.30.340.20.970.240.310.40.470.0-0.390.3-0.3-0.390.80.080.250.330.430.350.22-0.280.310.230.08
-0.67-0.54-0.57-0.33-0.36-0.48-0.55-0.6-0.420.090.17-0.540.960.17-0.26-0.52-0.26-0.65-0.83-0.57-0.43-0.28-0.4-0.3-0.23
0.90.940.90.950.450.950.950.870.91-0.750.20.95-0.440.20.20.880.50.510.790.90.580.31-0.40.890.73
0.780.90.860.840.380.920.890.820.92-0.630.210.89-0.270.210.30.890.630.580.730.850.70.23-0.30.890.77
0.620.70.670.590.170.740.690.560.69-0.570.610.69-0.270.61-0.040.750.30.240.60.650.60.08-0.230.730.77
Click cells to compare fundamentals

Caribbean Utilities Account Relationship Matchups

Caribbean Utilities fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding33.3M33.3M34.1M37.2M37.8M31.5M
Total Assets600.4M633.7M634.2M726.5M777.8M522.5M
Short Long Term Debt Total322.1M307.4M293.4M358.6M399.7M262.1M
Other Current Liab33.3M30.4M38.2M51.9M46.6M26.6M
Total Current Liabilities52.1M47.1M55.8M77.0M133.7M140.3M
Total Stockholder Equity237.9M289.5M297.9M308.2M324.7M221.8M
Property Plant And Equipment Net538.0M554.5M576.7M637.0M697.0M463.2M
Net Debt298.5M261.8M286.0M350.7M395.7M252.9M
Retained Earnings107.3M108.3M111.6M117.6M128.3M109.6M
Accounts Payable3.9M2.5M1.9M4.6M5.5M9.5M
Cash23.7M45.6M7.4M7.9M4.0M3.8M
Non Current Assets Total542.0M558.5M580.9M643.1M701.6M468.5M
Non Currrent Assets Other391K313K232K2.0M461K438.0K
Cash And Short Term Investments23.7M45.6M7.4M7.9M4.0M3.8M
Net Receivables9.1M4.1M10.4M20.9M27.7M29.1M
Liabilities And Stockholders Equity600.4M633.7M634.2M726.5M777.8M522.5M
Non Current Liabilities Total310.3M297.1M280.5M341.3M319.4M235.4M
Inventory4.5M3.4M5.3M8.0M5.7M4.8M
Other Current Assets21.3M22.5M30.2M46.6M41.1M23.7M
Other Stockholder Equity130.3M181.7M185.7M190.0M194.3M204.0M
Total Liab362.5M344.2M336.3M418.3M453.1M300.7M
Total Current Assets58.4M75.1M53.3M83.4M76.2M54.0M
Accumulated Other Comprehensive Income(1.9M)(2.9M)(1.9M)(1.9M)(324K)(307.8K)
Short Term Debt14.9M14.2M15.6M20.6M81.5M85.6M
Common Stock2.0M2.2M2.2M2.2M2.3M2.1M
Current Deferred Revenue10.5M11.3M11.9M12.8M14.0M9.7M
Intangible Assets3.6M3.7M3.9M4.2M4.1M3.6M
Other Liab3.2M3.9M2.6M2.5M2.9M2.6M
Net Tangible Assets235.0M286.3M294.3M304.4M350.0M266.2M
Other Assets1.3M1.1M677K567K510.3K865.6K
Long Term Debt307.2M293.2M277.7M338.0M318.2M297.3M
Deferred Long Term Liab884K775K667K558K502.2K792.9K
Short Long Term Debt14.9M14.1M15.6M19.5M79.6M83.6M
Property Plant Equipment538.0M554.5M576.9M638.9M734.7M564.3M
Non Current Liabilities Other1.3M988K893K1.4M719K1.0M
Net Invested Capital559.7M596.6M590.9M665.5M722.3M651.8M
Net Working Capital6.3M28.0M(2.5M)6.4M(57.4M)(54.6M)
Capital Stock2.2M2.5M2.5M2.5M2.5M2.6M

Pair Trading with Caribbean Utilities

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 Caribbean Utilities 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 Caribbean Utilities will appreciate offsetting losses from the drop in the long position's value.

Moving against Caribbean Stock

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

Additional Tools for Caribbean Stock Analysis

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