Cybin Total Stockholder Equity vs Cash Analysis

CYBN Stock   13.20  0.29  2.25%   
Cybin financial indicator trend analysis is way more than just evaluating Cybin Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cybin Inc is a good investment. Please check the relationship between Cybin Total Stockholder Equity and its Cash accounts. 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 board of governors.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cybin Inc Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between Cybin's Total Stockholder Equity and Cash is 1.0. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Cybin Inc, assuming nothing else is changed. The correlation between historical values of Cybin's Total Stockholder Equity 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 Total Stockholder Equity of Cybin 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 Total Stockholder Equity i.e., Cybin's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Cybin Inc, which is listed under current asset account on Cybin Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cybin customers. The amounts must be unrestricted with restricted cash listed in a different Cybin 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 Cybin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 board of governors.
The current year's Issuance Of Capital Stock is expected to grow to about 307.4 M, whereas Selling General Administrative is forecasted to decline to about 40 M.
 2022 2023 2024 2025 (projected)
Interest Income603K619K711.9K418.8K
Net Interest Income603K619K711.9K416.1K

Cybin fundamental ratios Correlations

0.861.00.5-0.920.971.00.990.960.980.770.861.0-0.461.00.991.00.780.83-0.780.89-0.780.98-0.90.9
0.860.860.66-0.930.920.850.890.920.780.971.00.86-0.230.850.880.840.970.93-0.460.89-0.460.77-0.870.85
1.00.860.49-0.910.971.00.990.960.980.770.861.0-0.461.00.991.00.780.82-0.780.89-0.780.98-0.90.9
0.50.660.49-0.50.560.490.520.550.330.680.70.490.020.490.490.480.70.47-0.330.29-0.330.31-0.460.25
-0.92-0.93-0.91-0.5-0.98-0.9-0.95-0.98-0.88-0.92-0.92-0.910.39-0.9-0.95-0.9-0.92-0.930.6-0.930.6-0.880.97-0.91
0.970.920.970.56-0.980.950.991.00.930.890.920.97-0.380.960.990.950.890.92-0.730.9-0.730.93-0.970.9
1.00.851.00.49-0.90.950.990.940.980.740.841.0-0.451.00.991.00.750.8-0.780.87-0.780.98-0.880.89
0.990.890.990.52-0.950.990.990.980.970.820.890.99-0.470.991.00.990.830.86-0.760.91-0.760.97-0.940.92
0.960.920.960.55-0.981.00.940.980.920.890.910.96-0.430.940.980.940.90.92-0.720.91-0.720.92-0.980.91
0.980.780.980.33-0.880.930.980.970.920.680.770.98-0.50.980.980.990.690.79-0.80.89-0.81.0-0.890.92
0.770.970.770.68-0.920.890.740.820.890.680.970.77-0.20.750.820.741.00.94-0.40.83-0.40.68-0.880.79
0.861.00.860.7-0.920.920.840.890.910.770.970.86-0.250.850.880.840.970.92-0.460.87-0.460.76-0.860.83
1.00.861.00.49-0.910.971.00.990.960.980.770.86-0.461.00.991.00.780.82-0.780.89-0.780.98-0.90.9
-0.46-0.23-0.460.020.39-0.38-0.45-0.47-0.43-0.5-0.2-0.25-0.46-0.45-0.45-0.45-0.25-0.190.37-0.460.37-0.510.36-0.55
1.00.851.00.49-0.90.961.00.990.940.980.750.851.0-0.450.991.00.760.81-0.780.88-0.780.98-0.890.89
0.990.880.990.49-0.950.990.991.00.980.980.820.880.99-0.450.990.990.820.87-0.770.91-0.770.97-0.950.92
1.00.841.00.48-0.90.951.00.990.940.990.740.841.0-0.451.00.990.750.8-0.780.88-0.780.98-0.880.89
0.780.970.780.7-0.920.890.750.830.90.691.00.970.78-0.250.760.820.750.92-0.410.83-0.410.68-0.870.79
0.830.930.820.47-0.930.920.80.860.920.790.940.920.82-0.190.810.870.80.92-0.550.91-0.550.78-0.950.88
-0.78-0.46-0.78-0.330.6-0.73-0.78-0.76-0.72-0.8-0.4-0.46-0.780.37-0.78-0.77-0.78-0.41-0.55-0.531.0-0.80.73-0.6
0.890.890.890.29-0.930.90.870.910.910.890.830.870.89-0.460.880.910.880.830.91-0.53-0.530.89-0.890.99
-0.78-0.46-0.78-0.330.6-0.73-0.78-0.76-0.72-0.8-0.4-0.46-0.780.37-0.78-0.77-0.78-0.41-0.551.0-0.53-0.80.73-0.6
0.980.770.980.31-0.880.930.980.970.921.00.680.760.98-0.510.980.970.980.680.78-0.80.89-0.8-0.890.92
-0.9-0.87-0.9-0.460.97-0.97-0.88-0.94-0.98-0.89-0.88-0.86-0.90.36-0.89-0.95-0.88-0.87-0.950.73-0.890.73-0.89-0.9
0.90.850.90.25-0.910.90.890.920.910.920.790.830.9-0.550.890.920.890.790.88-0.60.99-0.60.92-0.9
Click cells to compare fundamentals

Cybin Account Relationship Matchups

Cybin fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets92.1M84.1M53.9M302.0M347.3M364.7M
Total Current Liabilities4.9M7.9M5.7M10.1M11.6M6.3M
Total Stockholder Equity86.1M76.2M48.2M291.9M335.7M352.5M
Property Plant And Equipment Net557K491K450K547K629.1K449.9K
Retained Earnings(33.0M)(100.7M)(148.2M)(226.2M)(203.6M)(193.4M)
Accounts Payable2.8M5.3M5.7M9.8M11.3M11.8M
Cash64.0M53.6M16.6M209.0M240.3M252.4M
Non Current Assets Total25.6M25.7M30.7M83.5M96.0M100.8M
Net Receivables1.3M2.1M3.1M4.5M5.1M5.4M
Good Will23.4M22.9M24.8M47.5M54.6M57.3M
Common Stock Shares Outstanding157.5M165.7M190.0M760.1M874.1M917.8M
Total Liab6.0M7.9M5.7M10.1M11.6M6.6M
Net Invested Capital86.1M76.2M48.2M291.9M335.7M352.5M
Total Current Assets66.5M58.4M23.2M218.5M251.3M263.9M
Capital Stock100.7M141.5M158.2M443.9M510.5M536.0M
Net Working Capital61.6M50.4M17.5M208.4M239.7M251.7M

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

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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.
Pair CorrelationCorrelation Matching
When determining whether Cybin Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cybin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cybin Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cybin Inc Stock:
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 board of governors.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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.