Velan Property Plant And Equipment Net vs Cash Analysis
| VLN Stock | CAD 10.75 0.25 2.27% |
Velan financial indicator trend analysis is much more than just breaking down Velan Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Velan Inc is a good investment. Please check the relationship between Velan Property Plant And Equipment Net and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Velan Inc. 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.
Property Plant And Equipment Net vs Cash
Property Plant And Equipment Net vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Velan Inc Property Plant And Equipment Net account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Velan's Property Plant And Equipment Net and Cash is 0.84. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash in the same time period over historical financial statements of Velan Inc, assuming nothing else is changed. The correlation between historical values of Velan's Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Velan Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., Velan's Property Plant And Equipment Net and Cash go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash
Cash refers to the most liquid asset of Velan Inc, which is listed under current asset account on Velan Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Velan customers. The amounts must be unrestricted with restricted cash listed in a different Velan account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Velan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Velan Inc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Velan Inc. 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. At this time, Velan's Tax Provision is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value is likely to grow to about 283.6 M, while Selling General Administrative is likely to drop about 71.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.8M | 2.0M | 6.8M | 7.1M | Depreciation And Amortization | 11.6M | 10.7M | 11.2M | 11.2M |
Velan fundamental ratios Correlations
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Velan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Velan
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 Velan 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 Velan will appreciate offsetting losses from the drop in the long position's value.Moving together with Velan Stock
| 0.7 | WMT | Walmart Inc CDR | PairCorr |
| 0.74 | AMZN | Amazon CDR | PairCorr |
| 0.72 | UPS | UPS CDR | PairCorr |
| 0.66 | HD | HOME DEPOT CDR | PairCorr |
The ability to find closely correlated positions to Velan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Velan 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 Velan - 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 Velan Inc to buy it.
The correlation of Velan 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 Velan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velan Inc 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 Velan 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 Velan Stock
Balance Sheet is a snapshot of the financial position of Velan Inc at a specified time, usually calculated after every quarter, six months, or one year. Velan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Velan 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 Velan currently owns. An asset can also be divided into two categories, current and non-current.