Versabank Stock Cash Position Weight
| VBNK Stock | 19.34 0.29 1.52% |
VersaBank fundamentals help investors to digest information that contributes to VersaBank's financial success or failures. It also enables traders to predict the movement of VersaBank Stock. The fundamental analysis module provides a way to measure VersaBank's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to VersaBank stock.
VersaBank | Cash Position Weight |
VersaBank Company Cash Position Weight Analysis
VersaBank's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
VersaBank Cash Position Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for VersaBank is extremely important. It helps to project a fair market value of VersaBank Stock properly, considering its historical fundamentals such as Cash Position Weight. Since VersaBank's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of VersaBank's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of VersaBank's interrelated accounts and indicators.
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Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
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In accordance with the recently published financial statements, VersaBank has 0.0% in Cash Position Weight. This indicator is about the same for the Banks average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
VersaBank Current Valuation Drivers
We derive many important indicators used in calculating different scores of VersaBank from analyzing VersaBank's financial statements. These drivers represent accounts that assess VersaBank's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of VersaBank's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 139.2M | 322.8M | 254.8M | 272.2M | 543.5M | 570.6M | |
| Enterprise Value | (101.7M) | 151.7M | 271.2M | 250.6M | 426.8M | 448.1M |
VersaBank Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.011 | ||||
| Profit Margin | 0.41 % | ||||
| Operating Margin | 0.50 % | ||||
| Current Valuation | 530.4 M | ||||
| Shares Outstanding | 31.66 M | ||||
| Shares Owned By Insiders | 38.73 % | ||||
| Shares Owned By Institutions | 23.03 % | ||||
| Number Of Shares Shorted | 27.91 K | ||||
| Price To Book | 1.53 X | ||||
| Price To Sales | 5.38 X | ||||
| Revenue | 108.64 M | ||||
| Gross Profit | 81.94 M | ||||
| EBITDA | 59.43 M | ||||
| Net Income | 42.16 M | ||||
| Total Debt | 110.62 M | ||||
| Book Value Per Share | 15.23 X | ||||
| Cash Flow From Operations | 94.72 M | ||||
| Short Ratio | 0.37 X | ||||
| Earnings Per Share | 1.49 X | ||||
| Target Price | 28.42 | ||||
| Number Of Employees | 119 | ||||
| Beta | 1.06 | ||||
| Market Capitalization | 612.36 M | ||||
| Total Asset | 4.2 B | ||||
| Retained Earnings | 146.04 M | ||||
| Annual Yield | 0 % | ||||
| Net Asset | 4.2 B |
About VersaBank Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VersaBank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VersaBank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VersaBank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with VersaBank
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 VersaBank 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 VersaBank will appreciate offsetting losses from the drop in the long position's value.Moving against VersaBank Stock
| 0.71 | NRR-UN | Northview Residential | PairCorr |
| 0.65 | TIL | Till Capital | PairCorr |
| 0.44 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.43 | WM | Wallbridge Mining | PairCorr |
| 0.35 | BR | Big Rock Brewery | PairCorr |
The ability to find closely correlated positions to VersaBank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VersaBank 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 VersaBank - 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 VersaBank to buy it.
The correlation of VersaBank 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 VersaBank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VersaBank 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 VersaBank 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 World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. 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. To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.