Cybin Long Term Investments vs Total Assets Analysis
| CYBN Stock | USD 10.28 0.04 0.39% |
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 Long Term Investments and its Total Assets 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 bureau of labor statistics.
Long Term Investments vs Total Assets
Long Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cybin Inc Long Term Investments account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cybin's Long Term Investments and Total Assets is -0.38. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets 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 Long Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Cybin Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., Cybin's Long Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of Cybin balance sheet that represents investments Cybin Inc intends to hold for over a year. Cybin Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.Total Assets
Total assets refers to the total amount of Cybin assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cybin Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 bureau of labor statistics. At this time, Cybin's Issuance Of Capital Stock is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 136 M, while Selling General Administrative is likely to drop about 27 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 241K | 603K | 619K | 418.8K | Net Interest Income | 241K | 603K | 619K | 416.1K |
Cybin fundamental ratios Correlations
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Cybin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cybin fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 50.0M | 100.0M | 167.3M | 185.4M | 8.3M | 7.9M | |
| Other Current Assets | 1.1M | 1.3M | 4.7M | 6.6M | 9.5M | 10.0M | |
| Other Stockholder Equity | (66.2M) | 18.4M | 10.5M | 68.2M | 11.8M | 7.8M |
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
| 0.76 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.6 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.58 | VALN | Valneva SE ADR | PairCorr |
| 0.57 | ERNA | Eterna Therapeutics | 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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 (6.10) | 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.