Helix Net Tangible Assets vs Cash 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 Net Tangible Assets and its Cash 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.
Net Tangible Assets vs Cash
Net Tangible Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helix BioPharma Corp Net Tangible Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Helix BioPharma's Net Tangible Assets and Cash is 0.93. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash 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 Net Tangible Assets 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 Net Tangible Assets of Helix BioPharma Corp 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 Net Tangible Assets i.e., Helix BioPharma's Net Tangible Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Cash
Cash refers to the most liquid asset of Helix BioPharma Corp, which is listed under current asset account on Helix BioPharma Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Helix BioPharma customers. The amounts must be unrestricted with restricted cash listed in a different Helix BioPharma 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 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
Click cells to compare fundamentals
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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0.79 | BOFA | Bank of America | PairCorr |
0.78 | JPM | JPMorgan Chase | PairCorr |
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.