Cybin Historical Income Statement
| CYBN Stock | USD 9.78 0.26 2.59% |
Historical analysis of Cybin income statement accounts such as Total Operating Expenses of 41.6 M, Total Other Income Expense Net of 793.8 K or Depreciation And Amortization of 429.1 K can show how well Cybin Inc performed in making a profits. Evaluating Cybin income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cybin's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cybin Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cybin Inc is a good buy for the upcoming year.
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About Cybin Income Statement Analysis
Cybin Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cybin shareholders. The income statement also shows Cybin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cybin Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cybin Inc. It is also known as Cybin overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Cybin's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cybin Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Cybin 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 bureau of labor statistics. At this time, Cybin's Total Other Income Expense Net is very stable compared to the past year. As of the 16th of December 2024, Depreciation And Amortization is likely to grow to about 429.1 K, while Other Operating Expenses is likely to drop about 41.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 241K | 603K | 619K | 418.8K | Net Interest Income | 241K | 603K | 619K | 416.1K |
Cybin income statement Correlations
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Cybin Account Relationship Matchups
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Cybin income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Operating Expenses | 1.9M | 31.4M | 63.8M | 51.5M | 78.8M | 41.7M | |
| Operating Income | (2.0M) | (30.5M) | (63.6M) | (54.9M) | (78.8M) | (74.9M) | |
| Ebitda | 9.6K | (32.2M) | (63.7M) | (51.3M) | (78.6M) | (74.6M) | |
| Total Operating Expenses | 1.9M | 30.7M | 63.8M | 51.5M | 78.8M | 41.6M | |
| Income Before Tax | (1.9M) | (32.2M) | (67.6M) | (47.5M) | (78.1M) | (74.2M) | |
| Total Other Income Expense Net | 9.6K | (1.2M) | (3.8M) | 4.0M | 756K | 793.8K | |
| Net Income | (1.9M) | (32.2M) | (71.4M) | (40.0M) | (78.1M) | (74.2M) |
Pair Trading with Cybin
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 Cybin 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 Cybin will appreciate offsetting losses from the drop in the long position's value.Moving against Cybin Stock
| 0.73 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
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| 0.5 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.48 | LLY | Eli Lilly | PairCorr |
| 0.47 | VALN | Valneva SE ADR | PairCorr |
The ability to find closely correlated positions to Cybin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cybin 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 Cybin - 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 Cybin Inc to buy it.
The correlation of Cybin 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 Cybin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cybin 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 Cybin 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cybin 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 bureau of labor statistics. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cybin. If investors know Cybin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cybin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.01) | Return On Assets (0.33) | Return On Equity (0.49) |
The market value of Cybin Inc is measured differently than its book value, which is the value of Cybin that is recorded on the company's balance sheet. Investors also form their own opinion of Cybin's value that differs from its market value or its book value, called intrinsic value, which is Cybin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cybin's market value can be influenced by many factors that don't directly affect Cybin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cybin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cybin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cybin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.