VerticalScope Ptb Ratio vs Average Payables Analysis
| FORA Stock | 9.48 0.34 3.72% |
VerticalScope Holdings financial indicator trend analysis is much more than just breaking down VerticalScope Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VerticalScope Holdings is a good investment. Please check the relationship between VerticalScope Holdings Ptb Ratio and its Average Payables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in VerticalScope Holdings. 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 Average Payables
Ptb Ratio vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VerticalScope Holdings Ptb Ratio account and Average Payables. At this time, the significance of the direction appears to have strong relationship.
The correlation between VerticalScope Holdings' Ptb Ratio and Average Payables is 0.71. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of VerticalScope Holdings, assuming nothing else is changed. The correlation between historical values of VerticalScope Holdings' Ptb Ratio and Average Payables 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 VerticalScope Holdings are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ptb Ratio i.e., VerticalScope Holdings' Ptb Ratio and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from VerticalScope Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VerticalScope Holdings 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 VerticalScope Holdings. 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 1st of December 2024, Selling General Administrative is likely to grow to about 47 M, while Tax Provision is likely to drop (3.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 20.6M | 38.7M | 21.3M | 21.4M | Interest Income | 44.5K | 2.9M | 6.6K | 6.3K |
VerticalScope Holdings fundamental ratios Correlations
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VerticalScope Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with VerticalScope Holdings
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 VerticalScope Holdings 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 VerticalScope Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against VerticalScope Stock
The ability to find closely correlated positions to VerticalScope Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VerticalScope Holdings 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 VerticalScope Holdings - 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 VerticalScope Holdings to buy it.
The correlation of VerticalScope Holdings 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 VerticalScope Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VerticalScope Holdings 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 VerticalScope Holdings 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 VerticalScope Stock
Balance Sheet is a snapshot of the financial position of VerticalScope Holdings at a specified time, usually calculated after every quarter, six months, or one year. VerticalScope Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VerticalScope Holdings 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 VerticalScope currently owns. An asset can also be divided into two categories, current and non-current.