Cybin Total Stockholder Equity vs Net Invested Capital Analysis

CYBN Stock

13.94 0.26 1.83%

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 Net Invested Capital 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 Net Invested Capital

Total Stockholder Equity vs Net Invested Capital 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 Net Invested Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Cybin's Total Stockholder Equity and Net Invested Capital is 1.0. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Invested Capital 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 Net Invested Capital 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 Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Stockholder Equity i.e., Cybin's Total Stockholder Equity and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 267.3 M, whereas Selling General Administrative is forecasted to decline to about 40 M.

	2021	2022	2023	2024 (projected)
Interest Income	241K	603K	619K	418.8K
Net Interest Income	241K	603K	619K	416.1K

Interest Income Net Interest Income

Cybin fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Other Current Liab	Other Liab	Property Plant And Equipment Gross	Non Current Liabilities Other	Intangible Assets	Property Plant Equipment	Other Current Assets
Total Assets		0.83	1.0	0.56	-0.92	0.85	1.0	0.99	0.83	0.97	0.75	0.83	1.0	-0.38	1.0	0.99	1.0	0.76	0.82	-0.91	0.87	-0.91	0.96	-0.9	0.89
Total Current Liabilities	0.83		0.83	0.76	-0.91	0.97	0.81	0.87	0.96	0.71	0.98	1.0	0.83	-0.1	0.81	0.86	0.8	0.98	0.93	-0.56	0.84	-0.56	0.69	-0.86	0.77
Total Stockholder Equity	1.0	0.83		0.55	-0.92	0.84	1.0	0.99	0.83	0.97	0.74	0.82	1.0	-0.38	1.0	0.99	1.0	0.75	0.81	-0.91	0.87	-0.91	0.97	-0.9	0.89
Net Tangible Assets	0.56	0.76	0.55		-0.54	0.61	0.55	0.58	0.59	0.35	0.71	0.8	0.55	0.04	0.55	0.54	0.54	0.74	0.48	-0.33	0.34	-0.33	0.32	-0.46	0.28
Retained Earnings	-0.92	-0.91	-0.92	-0.54		-0.95	-0.89	-0.96	-0.95	-0.88	-0.9	-0.89	-0.92	0.32	-0.9	-0.97	-0.89	-0.9	-0.95	0.79	-0.95	0.79	-0.88	0.99	-0.94
Accounts Payable	0.85	0.97	0.84	0.61	-0.95		0.82	0.89	0.99	0.77	0.97	0.96	0.84	-0.21	0.83	0.89	0.82	0.96	0.98	-0.59	0.94	-0.59	0.76	-0.92	0.87
Cash	1.0	0.81	1.0	0.55	-0.89	0.82		0.98	0.8	0.97	0.71	0.81	1.0	-0.37	1.0	0.98	1.0	0.72	0.79	-0.92	0.85	-0.92	0.96	-0.87	0.87
Non Current Assets Total	0.99	0.87	0.99	0.58	-0.96	0.89	0.98		0.89	0.95	0.81	0.87	0.99	-0.4	0.98	1.0	0.98	0.82	0.86	-0.88	0.91	-0.88	0.95	-0.95	0.92
Net Receivables	0.83	0.96	0.83	0.59	-0.95	0.99	0.8	0.89		0.76	0.97	0.95	0.83	-0.29	0.81	0.88	0.8	0.97	0.97	-0.58	0.94	-0.58	0.75	-0.92	0.89
Common Stock Shares Outstanding	0.97	0.71	0.97	0.35	-0.88	0.77	0.97	0.95	0.76		0.63	0.7	0.97	-0.44	0.97	0.96	0.98	0.63	0.77	-0.95	0.88	-0.95	1.0	-0.88	0.91
Other Stockholder Equity	0.75	0.98	0.74	0.71	-0.9	0.97	0.71	0.81	0.97	0.63		0.97	0.74	-0.11	0.72	0.81	0.71	1.0	0.93	-0.48	0.84	-0.48	0.61	-0.86	0.76
Total Liab	0.83	1.0	0.82	0.8	-0.89	0.96	0.81	0.87	0.95	0.7	0.97		0.82	-0.13	0.81	0.86	0.8	0.98	0.9	-0.56	0.82	-0.56	0.68	-0.84	0.75
Net Invested Capital	1.0	0.83	1.0	0.55	-0.92	0.84	1.0	0.99	0.83	0.97	0.74	0.82		-0.38	1.0	0.99	1.0	0.75	0.81	-0.91	0.87	-0.91	0.97	-0.9	0.89
Long Term Investments	-0.38	-0.1	-0.38	0.04	0.32	-0.21	-0.37	-0.4	-0.29	-0.44	-0.11	-0.13	-0.38		-0.37	-0.37	-0.38	-0.17	-0.12	0.41	-0.4	0.41	-0.46	0.3	-0.53
Total Current Assets	1.0	0.81	1.0	0.55	-0.9	0.83	1.0	0.98	0.81	0.97	0.72	0.81	1.0	-0.37		0.98	1.0	0.73	0.8	-0.91	0.86	-0.91	0.96	-0.88	0.87
Capital Stock	0.99	0.86	0.99	0.54	-0.97	0.89	0.98	1.0	0.88	0.96	0.81	0.86	0.99	-0.37	0.98		0.98	0.81	0.88	-0.89	0.92	-0.89	0.96	-0.96	0.93
Net Working Capital	1.0	0.8	1.0	0.54	-0.89	0.82	1.0	0.98	0.8	0.98	0.71	0.8	1.0	-0.38	1.0	0.98		0.72	0.79	-0.92	0.85	-0.92	0.97	-0.87	0.87
Common Stock	0.76	0.98	0.75	0.74	-0.9	0.96	0.72	0.82	0.97	0.63	1.0	0.98	0.75	-0.17	0.73	0.81	0.72		0.91	-0.48	0.83	-0.48	0.62	-0.85	0.76
Other Current Liab	0.82	0.93	0.81	0.48	-0.95	0.98	0.79	0.86	0.97	0.77	0.93	0.9	0.81	-0.12	0.8	0.88	0.79	0.91		-0.61	0.95	-0.61	0.77	-0.94	0.88
Other Liab	-0.91	-0.56	-0.91	-0.33	0.79	-0.59	-0.92	-0.88	-0.58	-0.95	-0.48	-0.56	-0.91	0.41	-0.91	-0.89	-0.92	-0.48	-0.61		-0.71	1.0	-0.95	0.8	-0.79
Property Plant And Equipment Gross	0.87	0.84	0.87	0.34	-0.95	0.94	0.85	0.91	0.94	0.88	0.84	0.82	0.87	-0.4	0.86	0.92	0.85	0.83	0.95	-0.71		-0.71	0.88	-0.94	0.98
Non Current Liabilities Other	-0.91	-0.56	-0.91	-0.33	0.79	-0.59	-0.92	-0.88	-0.58	-0.95	-0.48	-0.56	-0.91	0.41	-0.91	-0.89	-0.92	-0.48	-0.61	1.0	-0.71		-0.95	0.8	-0.79
Intangible Assets	0.96	0.69	0.97	0.32	-0.88	0.76	0.96	0.95	0.75	1.0	0.61	0.68	0.97	-0.46	0.96	0.96	0.97	0.62	0.77	-0.95	0.88	-0.95		-0.88	0.92
Property Plant Equipment	-0.9	-0.86	-0.9	-0.46	0.99	-0.92	-0.87	-0.95	-0.92	-0.88	-0.86	-0.84	-0.9	0.3	-0.88	-0.96	-0.87	-0.85	-0.94	0.8	-0.94	0.8	-0.88		-0.94
Other Current Assets	0.89	0.77	0.89	0.28	-0.94	0.87	0.87	0.92	0.89	0.91	0.76	0.75	0.89	-0.53	0.87	0.93	0.87	0.76	0.88	-0.79	0.98	-0.79	0.92	-0.94

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Cybin Account Relationship Matchups

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 together with Cybin Stock

0.68	RY-PS	Royal Bank	Pair Corr
0.68	RY	Royal Bank	Pair Corr
0.76	RY-PM	Royal Bank	Pair Corr
0.69	TD-PFI	Toronto Dominion Bank	Pair Corr

Moving against Cybin Stock

0.72

Toronto Dominion Bank

Pair Corr

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 Correlation Correlation 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:

How To Invest In Cybin

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Is Cybin Stock a good investment?

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What is Cybin's Net Worth?

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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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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.

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Cybin Total Stockholder Equity vs Net Invested Capital Analysis

Total Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Net Invested Capital

Cybin fundamental ratios Correlations

Cybin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Cybin

Moving together with Cybin Stock

Moving against Cybin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities

Capital Stock	- 0.97	Retained Earnings
Property Plant Equipment	- 0.96	Capital Stock
Non Current Assets Total	- 0.96	Retained Earnings
Intangible Assets	- 0.95	Non Current Liabilities Other
Intangible Assets	- 0.95	Other Liab
Non Current Liabilities Other	- 0.95	Common Stock Shares Outstanding