Helix Long Term Investments vs Accounts Payable Analysis
HBP Stock | CAD 1.00 0.05 5.26% |
Helix BioPharma financial indicator trend analysis is much more than just examining Helix BioPharma Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Helix BioPharma Corp is a good investment. Please check the relationship between Helix BioPharma Long Term Investments and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helix BioPharma Corp. 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.
Long Term Investments vs Accounts Payable
Long Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helix BioPharma Corp Long Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Helix BioPharma's Long Term Investments and Accounts Payable is 0.14. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Helix BioPharma Corp, assuming nothing else is changed. The correlation between historical values of Helix BioPharma's Long Term Investments and Accounts Payable 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 Helix BioPharma Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Investments i.e., Helix BioPharma's Long Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of Helix BioPharma balance sheet that represents investments Helix BioPharma Corp intends to hold for over a year. Helix BioPharma Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.Accounts Payable
An accounting item on the balance sheet that represents Helix BioPharma obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Helix BioPharma Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Helix BioPharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Helix BioPharma Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helix BioPharma Corp. 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, Helix BioPharma's Discontinued Operations is very stable compared to the past year. As of the 4th of December 2024, Sales General And Administrative To Revenue is likely to grow to 1.36, while Selling General Administrative is likely to drop about 2.8 M.
2023 | 2024 (projected) | Minority Interest | 117K | 111.2K | Reconciled Depreciation | 14K | 13.3K |
Helix BioPharma fundamental ratios Correlations
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Helix BioPharma Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Helix BioPharma fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.9M | 4.1M | 3.7M | 1.0M | 1.5M | 1.4M | |
Other Current Liab | 350K | 380K | 344K | 1.4M | 724K | 569.3K | |
Total Current Liabilities | 1.9M | 3.9M | 3.4M | 1.9M | 1.6M | 2.2M | |
Total Stockholder Equity | 2.4M | (1.4M) | 319K | (844K) | (90K) | (85.5K) | |
Property Plant And Equipment Net | 246K | 47K | 35K | 33K | 29.7K | 28.2K | |
Net Debt | (4.1M) | 47K | (784K) | (808K) | (1.1M) | (1.1M) | |
Retained Earnings | (180.5M) | (188.6M) | (195.1M) | (201.4M) | (210.7M) | (221.2M) | |
Accounts Payable | 1.4M | 1.5M | 599K | 493K | 855K | 1.1M | |
Cash | 4.2M | 3.6M | 3.3M | 808K | 1.1M | 1.0M | |
Non Current Assets Total | 246K | 47K | 35K | 33K | 29.7K | 28.2K | |
Cash And Short Term Investments | 4.2M | 3.6M | 3.3M | 808K | 1.1M | 1.0M | |
Net Receivables | 180K | 353K | 280K | 62K | 54K | 51.3K | |
Common Stock Shares Outstanding | 25.5M | 27.6M | 29.9M | 38.6M | 44.5M | 46.7M | |
Liabilities And Stockholders Equity | 4.9M | 4.1M | 3.7M | 1.0M | 1.5M | 1.4M | |
Other Current Assets | 245K | 100K | 443K | 126K | 321K | 203.3K | |
Other Stockholder Equity | 25.5M | 27.9M | 37.6M | 48.5M | 52.0M | 31.7M | |
Total Liab | 1.9M | 5.5M | 3.4M | 1.9M | 1.6M | 2.4M | |
Property Plant And Equipment Gross | 246K | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | |
Total Current Assets | 4.7M | 4.0M | 3.7M | 996K | 1.5M | 1.4M | |
Accumulated Other Comprehensive Income | 20.1M | 19.6M | 10.3M | 4.4M | 5.0M | 2.8M | |
Net Tangible Assets | (3.3M) | 2.4M | (1.4M) | 319K | 287.1K | 272.7K | |
Property Plant Equipment | 246K | 47K | 36K | 33K | 29.7K | 28.2K | |
Non Currrent Assets Other | (3.0) | (1.0) | 0.0 | 1K | 900.0 | 855.0 | |
Common Stock | 137.3M | 139.7M | 147.5M | 152.1M | 158.6M | 131.0M | |
Capital Surpluse | 25.5M | 27.9M | 37.6M | 44.1M | 50.8M | 29.9M | |
Current Deferred Revenue | 38K | 124K | 301K | 345K | 396.8K | 416.6K | |
Net Invested Capital | 2.4M | 2.2M | 2.8M | (844K) | (90K) | (85.5K) | |
Net Working Capital | 2.7M | 144K | 284K | (878K) | (123K) | (129.2K) | |
Capital Stock | 137.3M | 139.7M | 147.5M | 152.1M | 158.6M | 155.6M |
Pair Trading with Helix BioPharma
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 Helix BioPharma 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 Helix BioPharma will appreciate offsetting losses from the drop in the long position's value.Moving against Helix Stock
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The ability to find closely correlated positions to Helix BioPharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helix BioPharma 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 Helix BioPharma - 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 Helix BioPharma Corp to buy it.
The correlation of Helix BioPharma 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 Helix BioPharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helix BioPharma Corp 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 Helix BioPharma 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.Other Information on Investing in Helix Stock
Balance Sheet is a snapshot of the financial position of Helix BioPharma Corp at a specified time, usually calculated after every quarter, six months, or one year. Helix BioPharma Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Helix BioPharma 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 Helix currently owns. An asset can also be divided into two categories, current and non-current.