Cymbria Other Current Assets vs Cash And Short Term Investments Analysis

CYB Stock  CAD 72.45  0.45  0.63%   
Cymbria financial indicator trend analysis is way more than just evaluating Cymbria prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cymbria is a good investment. Please check the relationship between Cymbria Other Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cymbria. 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.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cymbria Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cymbria's Other Current Assets and Cash And Short Term Investments is 0.8. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Cymbria, assuming nothing else is changed. The correlation between historical values of Cymbria's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Cymbria are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Cymbria's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Cymbria balance sheet. This account contains Cymbria investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Cymbria fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Cymbria's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cymbria 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 Cymbria. 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 25th of December 2024, Tax Provision is likely to grow to about 28.4 M, while Selling General Administrative is likely to drop about 2.7 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses6.7M6.7M240.3M252.3M
Cost Of Revenue11.4M12.2M12.7M7.9M

Cymbria fundamental ratios Correlations

0.340.561.0-0.760.751.0-0.940.75-0.240.430.45-0.860.420.39-0.31-0.32-0.140.90.91-0.160.81-0.060.43-0.540.63
0.340.370.34-0.130.280.33-0.380.280.070.00.4-0.410.140.29-0.42-0.27-0.210.390.42-0.240.38-0.220.41-0.220.2
0.560.370.57-0.350.280.56-0.490.28-0.140.1-0.01-0.48-0.32-0.12-0.060.110.070.320.57-0.050.550.1-0.01-0.240.33
1.00.340.57-0.760.741.0-0.940.74-0.240.430.43-0.870.410.37-0.3-0.31-0.140.90.91-0.180.8-0.060.42-0.520.62
-0.76-0.13-0.35-0.76-0.93-0.730.77-0.930.06-0.38-0.460.59-0.5-0.470.460.450.36-0.79-0.67-0.16-0.680.29-0.450.59-0.61
0.750.280.280.74-0.930.72-0.841.00.030.330.75-0.680.710.73-0.69-0.7-0.570.80.770.20.81-0.520.74-0.810.8
1.00.330.561.0-0.730.72-0.940.72-0.250.430.43-0.870.410.38-0.28-0.31-0.140.890.91-0.20.8-0.060.42-0.530.62
-0.94-0.38-0.49-0.940.77-0.84-0.94-0.840.11-0.53-0.620.9-0.59-0.580.460.580.45-0.86-0.930.18-0.850.38-0.610.71-0.73
0.750.280.280.74-0.931.00.72-0.840.030.330.75-0.680.710.73-0.69-0.7-0.570.80.770.20.81-0.520.74-0.810.8
-0.240.07-0.14-0.240.060.03-0.250.110.030.180.140.190.080.23-0.33-0.17-0.12-0.14-0.110.320.03-0.170.21-0.170.15
0.430.00.10.43-0.380.330.43-0.530.330.180.11-0.330.270.140.07-0.22-0.210.360.27-0.230.18-0.10.13-0.160.15
0.450.4-0.010.43-0.460.750.43-0.620.750.140.11-0.540.860.93-0.82-0.87-0.680.530.640.220.72-0.681.0-0.890.84
-0.86-0.41-0.48-0.870.59-0.68-0.870.9-0.680.19-0.33-0.54-0.47-0.50.380.470.36-0.84-0.940.36-0.790.33-0.530.63-0.64
0.420.14-0.320.41-0.50.710.41-0.590.710.080.270.86-0.470.91-0.65-0.89-0.70.530.50.10.52-0.660.86-0.750.68
0.390.29-0.120.37-0.470.730.38-0.580.730.230.140.93-0.50.91-0.87-0.94-0.730.520.590.190.68-0.730.93-0.90.83
-0.31-0.42-0.06-0.30.46-0.69-0.280.46-0.69-0.330.07-0.820.38-0.65-0.870.750.55-0.43-0.57-0.4-0.730.6-0.830.83-0.79
-0.32-0.270.11-0.310.45-0.7-0.310.58-0.7-0.17-0.22-0.870.47-0.89-0.940.750.91-0.41-0.51-0.06-0.570.89-0.870.86-0.73
-0.14-0.210.07-0.140.36-0.57-0.140.45-0.57-0.12-0.21-0.680.36-0.7-0.730.550.91-0.22-0.330.08-0.360.98-0.680.7-0.5
0.90.390.320.9-0.790.80.89-0.860.8-0.140.360.53-0.840.530.52-0.43-0.41-0.220.84-0.250.72-0.170.52-0.550.61
0.910.420.570.91-0.670.770.91-0.930.77-0.110.270.64-0.940.50.59-0.57-0.51-0.330.84-0.10.94-0.30.63-0.760.81
-0.16-0.24-0.05-0.18-0.160.2-0.20.180.20.32-0.230.220.360.10.19-0.4-0.060.08-0.25-0.10.20.060.23-0.250.32
0.810.380.550.8-0.680.810.8-0.850.810.030.180.72-0.790.520.68-0.73-0.57-0.360.720.940.2-0.340.72-0.860.92
-0.06-0.220.1-0.060.29-0.52-0.060.38-0.52-0.17-0.1-0.680.33-0.66-0.730.60.890.98-0.17-0.30.06-0.34-0.680.7-0.49
0.430.41-0.010.42-0.450.740.42-0.610.740.210.131.0-0.530.860.93-0.83-0.87-0.680.520.630.230.72-0.68-0.890.84
-0.54-0.22-0.24-0.520.59-0.81-0.530.71-0.81-0.17-0.16-0.890.63-0.75-0.90.830.860.7-0.55-0.76-0.25-0.860.7-0.89-0.97
0.630.20.330.62-0.610.80.62-0.730.80.150.150.84-0.640.680.83-0.79-0.73-0.50.610.810.320.92-0.490.84-0.97
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Cymbria Account Relationship Matchups

Cymbria fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.2B1.5B1.4B1.7B978.1M
Other Current Liab(1.0M)37.8M(9.5M)16.4M11.3M11.9M
Total Current Liabilities1.0M37.8M57.0M41.4M3.3M3.1M
Total Stockholder Equity1.2B1.2B1.4B1.4B1.6B934.5M
Net Debt(79.3M)(41.6M)(94.9M)(74.5M)(88.8M)(84.4M)
Cash85.3M47.6M97.4M104.5M138.8M145.8M
Non Current Assets Total1.2B1.2B1.4B1.3B1.5B914.5M
Non Currrent Assets Other(1.3B)(1.2B)(1.5B)(1.4B)(1.7B)(1.6B)
Cash And Short Term Investments85.3M47.6M97.4M104.5M138.8M145.8M
Net Receivables825K1.3M1.5M1.8M3.4M3.6M
Common Stock Shares Outstanding23.8M22.3M23.8M23.1M23.6M24.3M
Liabilities And Stockholders Equity1.3B1.2B1.5B1.4B1.7B978.1M
Total Liab47.6M6M2.6M30.1M116.6M122.4M
Total Current Assets86.1M48.9M98.9M106.3M1.8B1.9B
Other Assets1.1B7.0M17.0M16.6M(1.7B)(1.6B)
Long Term Investments1.2B1.2B1.4B1.3B1.5B1.3B
Cash And Equivalents85.3M47.6M97.4M104.5M120.2M82.5M
Retained Earnings987.7M972.5M1.2B1.1B1.3B1.1B

Pair Trading with Cymbria

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

Moving together with Cymbria Stock

  0.69JPM JPMorgan ChasePairCorr
  0.72BOFA Bank of AmericaPairCorr

Moving against Cymbria Stock

  0.65PFE Pfizer Inc CDRPairCorr
  0.55TKU Tarku ResourcesPairCorr
  0.46ENB-PH Enbridge H CumPairCorr
The ability to find closely correlated positions to Cymbria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cymbria 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 Cymbria - 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 Cymbria to buy it.
The correlation of Cymbria 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 Cymbria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cymbria 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 Cymbria 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 Cymbria Stock

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