Cymbria Ptb Ratio vs Ev To Sales Analysis
| CYB Stock | CAD 72.00 1.75 2.37% |
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 Ptb Ratio and its Ev To Sales 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.
Ptb Ratio vs Ev To Sales
Ptb Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cymbria Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cymbria's Ptb Ratio and Ev To Sales is 0.22. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Cymbria, assuming nothing else is changed. The correlation between historical values of Cymbria's Ptb Ratio and Ev To Sales 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 Cymbria are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Ptb Ratio i.e., Cymbria's Ptb Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.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.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 24th 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 Expenses | 6.7M | 6.7M | 240.3M | 252.3M | Cost Of Revenue | 11.4M | 12.2M | 12.7M | 7.9M |
Cymbria fundamental ratios Correlations
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Cymbria Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cymbria fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.3B | 1.2B | 1.5B | 1.4B | 1.7B | 978.1M | |
| Other Current Liab | (1.0M) | 37.8M | (9.5M) | 16.4M | 11.3M | 11.9M | |
| Total Current Liabilities | 1.0M | 37.8M | 57.0M | 41.4M | 3.3M | 3.1M | |
| Total Stockholder Equity | 1.2B | 1.2B | 1.4B | 1.4B | 1.6B | 934.5M | |
| Net Debt | (79.3M) | (41.6M) | (94.9M) | (74.5M) | (88.8M) | (84.4M) | |
| Cash | 85.3M | 47.6M | 97.4M | 104.5M | 138.8M | 145.8M | |
| Non Current Assets Total | 1.2B | 1.2B | 1.4B | 1.3B | 1.5B | 914.5M | |
| Non Currrent Assets Other | (1.3B) | (1.2B) | (1.5B) | (1.4B) | (1.7B) | (1.6B) | |
| Cash And Short Term Investments | 85.3M | 47.6M | 97.4M | 104.5M | 138.8M | 145.8M | |
| Net Receivables | 825K | 1.3M | 1.5M | 1.8M | 3.4M | 3.6M | |
| Common Stock Shares Outstanding | 23.8M | 22.3M | 23.8M | 23.1M | 23.6M | 24.3M | |
| Liabilities And Stockholders Equity | 1.3B | 1.2B | 1.5B | 1.4B | 1.7B | 978.1M | |
| Total Liab | 47.6M | 6M | 2.6M | 30.1M | 116.6M | 122.4M | |
| Total Current Assets | 86.1M | 48.9M | 98.9M | 106.3M | 1.8B | 1.9B | |
| Other Assets | 1.1B | 7.0M | 17.0M | 16.6M | (1.7B) | (1.6B) | |
| Long Term Investments | 1.2B | 1.2B | 1.4B | 1.3B | 1.5B | 1.3B | |
| Cash And Equivalents | 85.3M | 47.6M | 97.4M | 104.5M | 120.2M | 82.5M | |
| Retained Earnings | 987.7M | 972.5M | 1.2B | 1.1B | 1.3B | 1.1B |
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
Moving against Cymbria Stock
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.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.