Currency Ev To Sales vs Cash Per Share Analysis

CXI Stock  CAD 22.84  0.01  0.04%   
Currency Exchange financial indicator trend analysis is way more than just evaluating Currency Exchange prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Currency Exchange is a good investment. Please check the relationship between Currency Exchange Ev To Sales and its Cash Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Currency Exchange International. 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.

Ev To Sales vs Cash Per Share

Ev To Sales vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Currency Exchange Ev To Sales account and Cash Per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between Currency Exchange's Ev To Sales and Cash Per Share is -0.79. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Currency Exchange International, assuming nothing else is changed. The correlation between historical values of Currency Exchange's Ev To Sales and Cash 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 Ev To Sales of Currency Exchange International are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Ev To Sales i.e., Currency Exchange's Ev To Sales and Cash Per Share go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Cash Per Share

Most indicators from Currency Exchange's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Currency Exchange 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 Currency Exchange International. 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 4th of December 2024, Selling General Administrative is likely to grow to about 23.6 M. Also, Tax Provision is likely to grow to about 5.2 M
 2021 2022 2023 2024 (projected)
Interest Expense1.3M1.3M1.5M1.5M
Depreciation And Amortization3.3M3.4M3.9M4.1M

Currency Exchange fundamental ratios Correlations

0.860.920.950.810.84-0.90.960.920.990.90.750.990.970.620.770.250.940.860.750.950.91.00.870.660.91
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0.920.910.980.630.82-0.750.830.930.90.840.760.90.910.390.570.070.930.930.870.980.960.920.890.430.89
0.950.920.980.670.88-0.780.860.960.930.90.770.930.950.430.620.110.940.90.831.00.970.950.90.470.88
0.810.530.630.670.63-0.930.810.70.830.70.430.830.730.880.930.390.70.640.410.660.620.810.550.880.67
0.840.780.820.880.63-0.720.70.910.80.970.510.80.770.470.620.130.820.720.590.890.940.810.720.50.63
-0.9-0.6-0.75-0.78-0.93-0.72-0.87-0.82-0.92-0.78-0.46-0.92-0.81-0.82-0.86-0.36-0.78-0.78-0.52-0.77-0.74-0.9-0.61-0.84-0.75
0.960.80.830.860.810.7-0.870.80.970.780.790.970.940.60.760.270.920.760.720.850.760.970.840.640.91
0.920.790.930.960.70.91-0.820.80.890.920.580.890.90.50.660.150.850.920.670.960.970.910.760.530.76
0.990.840.90.930.830.8-0.920.970.890.860.741.00.950.660.780.270.930.840.750.920.861.00.850.70.92
0.90.810.840.90.70.97-0.780.780.920.860.580.860.840.530.710.110.850.730.60.910.930.870.770.570.71
0.750.90.760.770.430.51-0.460.790.580.740.580.740.820.170.38-0.040.820.560.850.750.650.760.940.210.87
0.990.840.90.930.830.8-0.920.970.891.00.860.740.950.660.780.270.930.840.750.920.861.00.850.70.92
0.970.880.910.950.730.77-0.810.940.90.950.840.820.950.50.70.210.920.860.740.940.880.970.890.550.9
0.620.320.390.430.880.47-0.820.60.50.660.530.170.660.50.820.40.430.440.180.430.410.630.311.00.49
0.770.470.570.620.930.62-0.860.760.660.780.710.380.780.70.820.50.680.610.290.620.580.770.50.820.63
0.250.00.070.110.390.13-0.360.270.150.270.11-0.040.270.210.40.50.250.25-0.110.110.080.260.060.40.13
0.940.90.930.940.70.82-0.780.920.850.930.850.820.930.920.430.680.250.820.820.940.880.940.910.480.9
0.860.720.930.90.640.72-0.780.760.920.840.730.560.840.860.440.610.250.820.70.90.890.860.710.470.78
0.750.890.870.830.410.59-0.520.720.670.750.60.850.750.740.180.29-0.110.820.70.820.750.760.880.230.89
0.950.920.981.00.660.89-0.770.850.960.920.910.750.920.940.430.620.110.940.90.820.980.940.90.470.86
0.90.880.960.970.620.94-0.740.760.970.860.930.650.860.880.410.580.080.880.890.750.980.890.830.450.77
1.00.860.920.950.810.81-0.90.970.911.00.870.761.00.970.630.770.260.940.860.760.940.890.870.670.92
0.870.980.890.90.550.72-0.610.840.760.850.770.940.850.890.310.50.060.910.710.880.90.830.870.350.91
0.660.370.430.470.880.5-0.840.640.530.70.570.210.70.551.00.820.40.480.470.230.470.450.670.350.53
0.910.890.890.880.670.63-0.750.910.760.920.710.870.920.90.490.630.130.90.780.890.860.770.920.910.53
Click cells to compare fundamentals

Currency Exchange Account Relationship Matchups

Currency Exchange fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets85.8M102.5M125.5M132.0M151.9M159.4M
Short Long Term Debt Total8.5M8.1M10.5M17.6M20.3M21.3M
Other Current Liab3.6M8.9M14.6M12.2M14.0M14.7M
Total Current Liabilities23.5M40.8M52.1M50.1M57.6M60.5M
Total Stockholder Equity58.2M58.0M69.3M79.2M91.1M46.7M
Property Plant And Equipment Net5.3M4.0M4.8M3.6M4.1M4.3M
Net Debt(50.8M)(58.4M)(78.1M)(75.1M)(67.6M)(64.2M)
Retained Earnings21.8M20.7M32.5M42.7M49.1M51.6M
Accounts Payable14.7M26.6M27.8M21.0M24.2M25.4M
Cash59.3M66.5M88.6M92.7M106.6M112.0M
Non Current Assets Total14.5M11.8M13.1M11.8M13.6M14.3M
Non Currrent Assets Other103.2K126.2K121.1K2.4M2.7M2.9M
Cash And Short Term Investments59.3M66.5M88.6M92.7M106.6M112.0M
Net Receivables7.7M17.4M14.3M21.1M24.3M25.5M
Liabilities And Stockholders Equity85.8M102.5M125.5M132.0M151.9M159.4M
Non Current Liabilities Total4.1M3.7M4.2M2.7M3.1M3.4M
Inventory3.6M2.6M5.8M6.1M7.0M7.4M
Other Current Assets599.7K8.1M9.6M6.4M7.4M7.7M
Other Stockholder Equity(2.6M)(1.7M)32.7M36.7M42.2M44.3M
Total Liab27.5M44.5M56.2M52.8M60.7M63.8M
Property Plant And Equipment Gross5.3M8.1M9.0M7.4M8.5M8.9M
Total Current Assets71.2M90.7M112.4M120.2M138.3M145.2M
Accumulated Other Comprehensive Income30.0M30.9M30.4M(6.6M)(7.6M)(7.2M)
Short Term Debt5.1M5.3M7.5M16.3M18.7M19.6M
Current Deferred Revenue163.9K281.6K507.9K648.8K746.1K783.4K
Intangible Assets5.9M5.2M4.3M3.7M4.2M3.0M
Net Tangible Assets61.2M50.1M50.5M62.8M72.3M56.5M
Property Plant Equipment1.6M5.3M4.0M4.8M5.5M5.8M
Short Long Term Debt3.3M4.0M5.9M14.7M16.9M17.7M
Net Invested Capital61.5M62.1M75.2M93.9M108.0M75.2M
Net Working Capital47.8M49.9M60.4M70.1M80.7M62.8M
Good Will2.2M2.3M2.2M2.2M2.5M2.2M

Pair Trading with Currency Exchange

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 Currency Exchange 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 Currency Exchange will appreciate offsetting losses from the drop in the long position's value.

Moving against Currency Stock

  0.64BOFA Bank of AmericaPairCorr
  0.62BRK Berkshire Hathaway CDRPairCorr
  0.61JPM JPMorgan ChasePairCorr
  0.6AMZN Amazon CDRPairCorr
  0.4TD-PFD Toronto Dominion Bank Earnings Call TomorrowPairCorr
The ability to find closely correlated positions to Currency Exchange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Currency Exchange 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 Currency Exchange - 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 Currency Exchange International to buy it.
The correlation of Currency Exchange 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 Currency Exchange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Currency Exchange 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 Currency Exchange 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 Currency Stock

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