Olympia Price To Sales Ratio vs Pb Ratio Analysis

OLY Stock  CAD 102.54  0.54  0.53%   
Olympia Financial financial indicator trend analysis is much more than just breaking down Olympia Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympia Financial is a good investment. Please check the relationship between Olympia Financial Price To Sales Ratio and its Pb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olympia Financial Group. 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.

Price To Sales Ratio vs Pb Ratio

Price To Sales Ratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympia Financial Price To Sales Ratio account and Pb Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Olympia Financial's Price To Sales Ratio and Pb Ratio is 1.0. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Olympia Financial Group, assuming nothing else is changed. The correlation between historical values of Olympia Financial's Price To Sales Ratio and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Olympia Financial Group are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Price To Sales Ratio i.e., Olympia Financial's Price To Sales Ratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Olympia Financial stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Olympia Financial sales, a figure that is much harder to manipulate than other Olympia Financial Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Pb Ratio

Most indicators from Olympia Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympia Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olympia Financial Group. 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 11th of December 2024, Selling General Administrative is likely to grow to about 63.4 M, though Discontinued Operations is likely to grow to (331.8 K).
 2021 2022 2023 2024 (projected)
Gross Profit25.4M40.3M96.1M101.0M
Total Revenue48.4M71.4M99.8M104.8M

Olympia Financial fundamental ratios Correlations

0.560.620.89-0.090.880.480.52-0.640.490.770.72-0.56-0.430.260.60.960.480.730.73-0.310.26-0.680.520.610.17
0.560.660.280.020.270.060.29-0.220.060.260.45-0.38-0.280.870.670.530.060.450.16-0.190.43-0.40.160.080.37
0.620.660.210.00.190.550.670.00.550.050.44-0.52-0.310.680.990.490.660.440.16-0.490.53-0.020.630.510.47
0.890.280.21-0.141.00.330.23-0.820.340.950.67-0.41-0.33-0.090.170.930.230.690.83-0.13-0.03-0.830.30.51-0.14
-0.090.020.0-0.14-0.13-0.670.4-0.08-0.66-0.03-0.350.24-0.450.130.05-0.250.18-0.350.20.16-0.360.090.140.420.27
0.880.270.191.0-0.130.310.21-0.830.320.960.64-0.37-0.36-0.110.150.920.220.660.84-0.14-0.06-0.840.280.51-0.16
0.480.060.550.33-0.670.310.240.081.00.090.49-0.490.050.010.480.480.580.490.1-0.440.43-0.050.440.24-0.05
0.520.290.670.230.40.210.240.00.240.050.32-0.43-0.550.330.750.250.710.310.26-0.160.330.00.570.650.75
-0.64-0.220.0-0.82-0.08-0.830.080.00.07-0.91-0.380.10.30.120.04-0.730.08-0.4-0.720.10.210.71-0.11-0.470.27
0.490.060.550.34-0.660.321.00.240.070.10.49-0.490.050.00.480.480.580.490.11-0.440.43-0.050.450.25-0.05
0.770.260.050.95-0.030.960.090.05-0.910.10.51-0.22-0.31-0.140.010.850.030.540.85-0.14-0.22-0.870.180.45-0.26
0.720.450.440.67-0.350.640.490.32-0.380.490.51-0.850.110.220.420.720.271.00.490.00.43-0.50.410.340.12
-0.56-0.38-0.52-0.410.24-0.37-0.49-0.430.1-0.49-0.22-0.85-0.2-0.33-0.51-0.5-0.44-0.85-0.39-0.13-0.550.12-0.39-0.31-0.25
-0.43-0.28-0.31-0.33-0.45-0.360.05-0.550.30.05-0.310.11-0.2-0.23-0.34-0.29-0.250.1-0.350.210.310.36-0.04-0.42-0.28
0.260.870.68-0.090.13-0.110.010.330.120.0-0.140.22-0.33-0.230.70.190.130.21-0.09-0.120.450.040.08-0.020.46
0.60.670.990.170.050.150.480.750.040.480.010.42-0.51-0.340.70.430.640.420.11-0.450.580.010.610.480.61
0.960.530.490.93-0.250.920.480.25-0.730.480.850.72-0.5-0.290.190.430.310.740.73-0.310.18-0.760.40.49-0.06
0.480.060.660.230.180.220.580.710.080.580.030.27-0.44-0.250.130.640.310.270.3-0.350.270.120.830.740.25
0.730.450.440.69-0.350.660.490.31-0.40.490.541.0-0.850.10.210.420.740.270.510.00.43-0.520.40.340.12
0.730.160.160.830.20.840.10.26-0.720.110.850.49-0.39-0.35-0.090.110.730.30.510.07-0.25-0.640.310.62-0.19
-0.31-0.19-0.49-0.130.16-0.14-0.44-0.160.1-0.44-0.140.0-0.130.21-0.12-0.45-0.31-0.350.00.07-0.030.09-0.47-0.38-0.02
0.260.430.53-0.03-0.36-0.060.430.330.210.43-0.220.43-0.550.310.450.580.180.270.43-0.25-0.030.180.34-0.070.52
-0.68-0.4-0.02-0.830.09-0.84-0.050.00.71-0.05-0.87-0.50.120.360.040.01-0.760.12-0.52-0.640.090.18-0.05-0.20.19
0.520.160.630.30.140.280.440.57-0.110.450.180.41-0.39-0.040.080.610.40.830.40.31-0.470.34-0.050.780.26
0.610.080.510.510.420.510.240.65-0.470.250.450.34-0.31-0.42-0.020.480.490.740.340.62-0.38-0.07-0.20.780.11
0.170.370.47-0.140.27-0.16-0.050.750.27-0.05-0.260.12-0.25-0.280.460.61-0.060.250.12-0.19-0.020.520.190.260.11
Click cells to compare fundamentals

Olympia Financial Account Relationship Matchups

Olympia Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.9M30.7M36.6M37.5M47.3M49.6M
Other Current Liab3.2M4.8M3.2M3.8M8.0M8.4M
Total Current Liabilities12.1M11.6M16.6M11.2M11.5M8.0M
Total Stockholder Equity18.1M18.9M18.8M25.3M35.3M37.1M
Net Debt(5.2M)(10.0M)(1.3M)(2.0M)(7.4M)(7.7M)
Retained Earnings10.2M10.9M10.8M17.3M27.3M28.7M
Cash13.8M15.9M15.1M8.4M10.9M10.3M
Non Current Assets Total11.6M6.7M11.8M9.0M7.3M5.1M
Non Currrent Assets Other5.8M2.1M980K(42.1M)(37.9M)(36.0M)
Cash And Short Term Investments13.8M15.9M15.3M8.4M10.9M10.5M
Net Receivables3.1M8.4M7.1M16.7M25.6M26.9M
Liabilities And Stockholders Equity31.9M30.7M36.6M37.5M47.3M49.6M
Other Current Assets3.4M5.2M2.3M3.5M3.4M3.1M
Total Liab14.0M11.8M17.8M12.2M12.0M8.7M
Total Current Assets20.4M24.0M24.8M28.5M40.0M42.0M
Short Term Debt7.6M5.8M12.6M5.3M3.1M4.1M
Current Deferred Revenue486.7K550.9K716.2K834.8K939.5K986.5K
Accounts Payable826.6K222.8K109.2K457.2K385.7K543.8K
Property Plant And Equipment Net2.2M1.3M1.5M1.5M1.2M1.7M
Property Plant And Equipment Gross2.2M1.3M6.2M2.5M2.9M2.1M
Intangible Assets2.7M2.3M8.6M6.8M5.2M2.6M
Non Current Liabilities Total1.9M147.6K1.2M1.0M495.4K470.7K
Inventory49.1K56.5K49.4K42.3K(43.8M)(41.6M)
Net Tangible Assets15.4M16.6M10.1M18.5M21.3M14.0M
Other Assets6.4M2.9M1.5M591.8K(44.2M)(42.0M)
Long Term Investments38.6K72.6K99.0K96.5K86.8K77.4K
Property Plant Equipment2.2M1.3M1.5M1.5M1.4M1.6M
Short Long Term Debt Total8.6M6.0M13.8M6.3M3.6M6.8M
Short Long Term Debt6.7M4.9M12.4M5.0M5.7M6.3M
Long Term Debt Total1.0M147.6K1.2M1.0M1.2M1.2M
Net Invested Capital24.8M23.9M31.2M30.3M34.8M26.6M

Pair Trading with Olympia Financial

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

Moving together with Olympia Stock

  0.63BIP-PB Brookfield InfrastructurePairCorr

Moving against Olympia Stock

  0.55VCM Vecima NetworksPairCorr
  0.42ASM Avino Silver GoldPairCorr
The ability to find closely correlated positions to Olympia Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympia Financial 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 Olympia Financial - 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 Olympia Financial Group to buy it.
The correlation of Olympia Financial 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 Olympia Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympia Financial 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 Olympia Financial 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 Olympia Stock

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