Andlauer Ev To Sales vs Pb Ratio Analysis

AND Stock  CAD 42.98  0.73  1.73%   
Andlauer Healthcare financial indicator trend analysis is way more than just evaluating Andlauer Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Andlauer Healthcare is a good investment. Please check the relationship between Andlauer Healthcare Ev To Sales and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Andlauer Healthcare Gr. 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.

Ev To Sales vs Pb Ratio

Ev To Sales vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Andlauer Healthcare Ev To Sales account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Andlauer Healthcare's Ev To Sales and Pb Ratio is 0.56. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Andlauer Healthcare Gr, assuming nothing else is changed. The correlation between historical values of Andlauer Healthcare's Ev To Sales 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 Ev To Sales of Andlauer Healthcare Gr 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 Ev To Sales i.e., Andlauer Healthcare's Ev To Sales and Pb Ratio go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Pb Ratio

Most indicators from Andlauer Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Andlauer Healthcare 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Andlauer Healthcare Gr. 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, Andlauer Healthcare's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Multiple is likely to grow to 14.86, while Tax Provision is likely to drop about 16.2 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization42.7M64.5M68.1M41.0M
Interest Income34.4M6.3M3.2M3.0M

Andlauer Healthcare fundamental ratios Correlations

0.810.630.910.980.93-0.480.960.720.570.970.550.990.480.80.550.490.940.870.90.910.810.780.91-0.650.91
0.810.820.950.690.8-0.850.920.930.930.840.080.870.450.90.08-0.030.820.810.910.980.970.610.81-0.880.98
0.630.820.820.510.5-0.640.690.720.760.650.050.680.440.560.05-0.040.540.530.640.810.70.260.51-0.630.82
0.910.950.820.820.88-0.730.940.880.80.940.290.930.540.840.290.220.890.860.910.970.890.720.86-0.820.99
0.980.690.510.820.9-0.330.90.590.410.940.660.960.460.710.660.610.910.830.830.810.690.780.88-0.540.82
0.930.80.50.880.9-0.570.920.730.60.930.460.920.530.770.460.451.00.940.870.870.820.920.89-0.720.87
-0.48-0.85-0.64-0.73-0.33-0.57-0.67-0.8-0.95-0.540.37-0.58-0.33-0.710.370.41-0.56-0.61-0.77-0.76-0.81-0.43-0.640.89-0.76
0.960.920.690.940.90.92-0.670.810.750.940.350.990.440.870.350.270.940.890.950.970.930.750.92-0.780.97
0.720.930.720.880.590.73-0.80.810.890.74-0.010.770.410.87-0.010.030.730.660.80.90.90.530.7-0.730.9
0.570.930.760.80.410.6-0.950.750.890.6-0.30.660.280.78-0.3-0.310.60.60.780.860.910.380.62-0.830.85
0.970.840.650.940.940.93-0.540.940.740.60.560.970.530.820.560.420.940.920.910.910.80.840.93-0.740.92
0.550.080.050.290.660.460.370.35-0.01-0.30.560.460.40.221.00.750.490.490.250.230.070.580.41-0.040.25
0.990.870.680.930.960.92-0.580.990.770.660.970.460.470.840.460.390.940.880.930.950.860.760.92-0.710.95
0.480.450.440.540.460.53-0.330.440.410.280.530.40.470.380.40.150.560.620.450.460.330.60.48-0.540.49
0.80.90.560.840.710.77-0.710.870.870.780.820.220.840.380.220.010.770.790.910.890.910.660.86-0.810.88
0.550.080.050.290.660.460.370.35-0.01-0.30.561.00.460.40.220.750.490.490.250.230.070.580.41-0.040.25
0.49-0.03-0.040.220.610.450.410.270.03-0.310.420.750.390.150.010.750.450.250.10.130.00.430.250.250.16
0.940.820.540.890.911.0-0.560.940.730.60.940.490.940.560.770.490.450.950.870.880.830.910.89-0.730.89
0.870.810.530.860.830.94-0.610.890.660.60.920.490.880.620.790.490.250.950.890.850.80.930.91-0.850.86
0.90.910.640.910.830.87-0.770.950.80.780.910.250.930.450.910.250.10.870.890.940.90.750.97-0.880.94
0.910.980.810.970.810.87-0.760.970.90.860.910.230.950.460.890.230.130.880.850.940.960.670.86-0.831.0
0.810.970.70.890.690.82-0.810.930.90.910.80.070.860.330.910.070.00.830.80.90.960.610.79-0.830.95
0.780.610.260.720.780.92-0.430.750.530.380.840.580.760.60.660.580.430.910.930.750.670.610.84-0.70.69
0.910.810.510.860.880.89-0.640.920.70.620.930.410.920.480.860.410.250.890.910.970.860.790.84-0.810.87
-0.65-0.88-0.63-0.82-0.54-0.720.89-0.78-0.73-0.83-0.74-0.04-0.71-0.54-0.81-0.040.25-0.73-0.85-0.88-0.83-0.83-0.7-0.81-0.83
0.910.980.820.990.820.87-0.760.970.90.850.920.250.950.490.880.250.160.890.860.941.00.950.690.87-0.83
Click cells to compare fundamentals

Andlauer Healthcare Account Relationship Matchups

Andlauer Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets213.0M252.8M644.2M712.5M682.4M454.6M
Short Long Term Debt Total117.2M129.6M187.3M163.3M127.9M133.1M
Other Current Liab8.7M1.5M13.7M16.3M450K427.5K
Total Current Liabilities56.7M48.1M90.5M85.8M69.5M65.1M
Total Stockholder Equity61.5M94.3M352.1M441.0M469.6M258.0M
Other Liab656K2.0M51.7M49.0M56.3M59.1M
Net Tangible Assets40.1M59.8M16.9M83.3M75.0M66.2M
Property Plant And Equipment Net103.3M118.9M178.1M175.9M166.2M141.6M
Current Deferred Revenue879K1.0M1.8M1.1M966K1.1M
Net Debt98.5M99.5M162.3M97.4M68.2M86.7M
Accounts Payable24.1M24.3M37.6M41.8M40.4M32.7M
Cash18.7M30.1M25.0M65.9M59.7M46.4M
Non Current Assets Total125.7M160.3M522.0M540.4M507.3M305.9M
Non Currrent Assets Other938K810K847K997K911K967.3K
Other Assets984K6.9M8.7M5.8M6.7M4.1M
Cash And Short Term Investments18.7M30.1M25.0M65.9M59.7M46.4M
Net Receivables65.2M58.2M90.2M98.5M103.4M96.6M
Common Stock Shares Outstanding37.8M38.5M40.0M42.7M42.5M42.6M
Long Term Debt Total94.1M108.4M149.8M136.7M157.2M107.1M
Liabilities And Stockholders Equity213.0M252.8M644.2M712.5M682.4M454.6M
Non Current Liabilities Total94.8M110.4M201.5M185.7M143.4M127.9M
Capital Lease Obligations88.7M104.9M127.0M113.7M103.1M107.3M
Inventory1.1M1.2M2.3M3.3M5.3M5.6M
Other Current Assets2.3M2.8M4.7M4.4M6.6M3.4M
Other Stockholder Equity1.4M4.4M5.0M5.8M6.3M6.0M
Total Liab151.5M158.5M292.1M271.5M212.9M193.0M
Property Plant And Equipment Gross103.3M118.9M340.3M382.7M418.5M227.0M
Total Current Assets87.3M92.5M122.2M172.1M175.1M148.7M
Short Term Debt23.1M21.2M37.4M26.5M27.7M25.7M
Intangible Assets1.7M8.6M158.5M164.8M144.4M151.6M
Common Stock549.7M549.7M719.9M727.8M718.8M512.0M
Property Plant Equipment103.3M118.9M178.1M175.9M202.3M135.7M
Net Invested Capital90.0M119.0M412.4M490.5M494.4M302.9M
Net Working Capital30.6M44.4M31.6M86.3M105.6M59.7M

Pair Trading with Andlauer Healthcare

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 Andlauer Healthcare 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 Andlauer Healthcare will appreciate offsetting losses from the drop in the long position's value.

Moving together with Andlauer Stock

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The ability to find closely correlated positions to Andlauer Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andlauer Healthcare 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 Andlauer Healthcare - 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 Andlauer Healthcare Gr to buy it.
The correlation of Andlauer Healthcare 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 Andlauer Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andlauer Healthcare 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 Andlauer Healthcare 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 Andlauer Stock

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