DynaCERT Pb Ratio vs Ev To Sales Analysis
DYA Stock | CAD 0.18 0.01 5.26% |
DynaCERT financial indicator trend analysis is much more than just examining DynaCERT latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DynaCERT is a good investment. Please check the relationship between DynaCERT Pb Ratio and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DynaCERT. 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.
Pb Ratio vs Ev To Sales
Pb Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DynaCERT Pb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between DynaCERT's Pb Ratio and Ev To Sales is -0.29. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of DynaCERT, assuming nothing else is changed. The correlation between historical values of DynaCERT's Pb 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 Pb Ratio of DynaCERT 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 Pb Ratio i.e., DynaCERT's Pb Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pb Ratio
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 DynaCERT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DynaCERT 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DynaCERT. 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 13th of December 2024, Selling General Administrative is likely to drop to about 3.6 M. In addition to that, Issuance Of Capital Stock is likely to drop to about 935.2 K
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 11.5M | 9.2M | 5.0M | 4.6M | Cost Of Revenue | 2.2M | 2.3M | 3.1M | 3.3M |
DynaCERT fundamental ratios Correlations
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DynaCERT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DynaCERT fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.6M | 27.5M | 16.8M | 7.1M | 5.6M | 6.9M | |
Total Current Liabilities | 1.5M | 1.1M | 1.9M | 2.0M | 5.0M | 2.9M | |
Total Stockholder Equity | 18.9M | 26.3M | 13.5M | 4.1M | 61.4K | 58.3K | |
Current Deferred Revenue | 272.6K | 233.4K | 160.1K | 112.0K | 475.8K | 499.6K | |
Net Debt | (15.9M) | (18.8M) | (6.5M) | 1.2M | 1.7M | 1.7M | |
Retained Earnings | (62.9M) | (76.6M) | (91.0M) | (98.5M) | (104.5M) | (99.2M) | |
Accounts Payable | 900.3K | 835.5K | 1.3M | 1.2M | 2.8M | 2.9M | |
Cash | 16.3M | 18.8M | 8.3M | 156.5K | 247.3K | 234.9K | |
Non Current Assets Total | 1.4M | 3.2M | 4.8M | 3.8M | 2.9M | 1.6M | |
Cash And Short Term Investments | 16.3M | 18.8M | 8.3M | 156.5K | 247.3K | 234.9K | |
Net Receivables | 634.4K | 1.5M | 445.5K | 260.5K | 386.5K | 279.5K | |
Common Stock Total Equity | 35.4M | 43.1M | 69.9M | 89.7M | 103.1M | 108.3M | |
Common Stock Shares Outstanding | 291.8M | 354.7M | 381.3M | 381.6M | 382.3M | 401.4M | |
Liabilities And Stockholders Equity | 20.6M | 27.5M | 16.8M | 7.1M | 5.6M | 6.9M | |
Non Current Liabilities Total | 87.4K | 4.8K | 1.4M | 967.6K | 552.5K | 693.5K | |
Total Liab | 1.6M | 1.2M | 3.3M | 3.0M | 5.6M | 3.2M | |
Total Current Assets | 19.2M | 24.3M | 12.0M | 3.3M | 2.7M | 4.8M | |
Common Stock | 69.9M | 89.7M | 90.6M | 90.5M | 94.8M | 53.9M | |
Other Current Liab | 948.0K | 835.5K | 1.3M | 329.3K | 404.6K | 384.4K | |
Other Stockholder Equity | 11.9M | 13.3M | 13.9M | 12.1M | 13.9M | 12.9M | |
Short Term Debt | 327.0K | 77.9K | 403.7K | 436.7K | 1.3M | 2.1M | |
Property Plant And Equipment Net | 923.2K | 1.8M | 3.8M | 2.9M | 2.1M | 1.6M | |
Inventory | 1.5M | 2.3M | 2.8M | 2.6M | 2.0M | 1.9M | |
Other Current Assets | 762.6K | 1.6M | 488.5K | 289.8K | 116.1K | 110.3K | |
Accumulated Other Comprehensive Income | (2.0M) | (2.2M) | 13.9M | 12.1M | 9.8M | 10.3M | |
Intangible Assets | 437.8K | 730.6K | 957.6K | 885.5K | 789.1K | 828.6K | |
Net Tangible Assets | 209.8K | 18.5M | 25.6M | 12.6M | 14.4M | 11.2M | |
Property Plant Equipment | 543.0K | 923.2K | 1.8M | 3.8M | 4.4M | 4.6M | |
Net Invested Capital | 19.2M | 26.4M | 13.5M | 4.1M | 969.7K | 921.2K | |
Net Working Capital | 17.7M | 23.2M | 10.2M | 1.3M | (2.3M) | (2.2M) | |
Capital Stock | 69.9M | 89.7M | 90.6M | 90.5M | 94.8M | 87.7M |
Pair Trading with DynaCERT
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 DynaCERT 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 DynaCERT will appreciate offsetting losses from the drop in the long position's value.Moving against DynaCERT Stock
The ability to find closely correlated positions to DynaCERT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DynaCERT 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 DynaCERT - 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 DynaCERT to buy it.
The correlation of DynaCERT 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 DynaCERT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DynaCERT 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 DynaCERT 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 DynaCERT Stock
Balance Sheet is a snapshot of the financial position of DynaCERT at a specified time, usually calculated after every quarter, six months, or one year. DynaCERT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of DynaCERT 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 DynaCERT currently owns. An asset can also be divided into two categories, current and non-current.