Medipharm Book Value Per Share vs Price To Sales Ratio Analysis
LABS Stock | CAD 0.07 0.01 7.14% |
Medipharm Labs financial indicator trend analysis is infinitely more than just investigating Medipharm Labs Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medipharm Labs Corp is a good investment. Please check the relationship between Medipharm Labs Book Value Per Share and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medipharm Labs 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.
Book Value Per Share vs Price To Sales Ratio
Book Value Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Medipharm Labs Corp Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Medipharm Labs' Book Value Per Share and Price To Sales Ratio is -0.63. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Medipharm Labs Corp, assuming nothing else is changed. The correlation between historical values of Medipharm Labs' Book Value Per Share and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Medipharm Labs Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Book Value Per Share i.e., Medipharm Labs' Book Value Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Medipharm Labs Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Medipharm Labs sales, a figure that is much harder to manipulate than other Medipharm Labs Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Medipharm Labs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medipharm Labs 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medipharm Labs 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. As of the 13th of December 2024, Selling General Administrative is likely to drop to about 14.7 M. In addition to that, Tax Provision is likely to grow to about (262.2 K)
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 37.0M | 24.0M | 28.8M | 35.0M | Research Development | 1.4M | 1.0M | 209K | 198.6K |
Medipharm Labs fundamental ratios Correlations
Click cells to compare fundamentals
Medipharm Labs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Medipharm Labs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 168.8M | 118.2M | 92.4M | 65.5M | 63.9M | 75.9M | |
Short Long Term Debt Total | 10.6M | 18.5M | 216K | 632K | 2.3M | 2.2M | |
Other Current Liab | 8.0M | 10.0M | 4.5M | 4.0M | 6.4M | 4.6M | |
Total Current Liabilities | 28.8M | 24.2M | 8.9M | 9.5M | 10.9M | 13.7M | |
Total Stockholder Equity | 131.5M | 78.4M | 83.1M | 56.0M | 53.0M | 59.2M | |
Net Tangible Assets | 27.6M | 131.5M | 78.2M | 83.1M | 95.6M | 59.3M | |
Net Debt | (28.0M) | (1.5M) | (33.9M) | (23.5M) | (15.7M) | (16.5M) | |
Retained Earnings | (8.2M) | (74.5M) | (129.3M) | (163.6M) | (176.7M) | (167.9M) | |
Accounts Payable | 19.1M | 5.5M | 3.0M | 3.5M | 2.1M | 4.2M | |
Cash | 38.6M | 19.9M | 34.1M | 24.1M | 18.0M | 19.7M | |
Cash And Short Term Investments | 38.6M | 19.9M | 34.1M | 24.1M | 18.0M | 19.7M | |
Common Stock Shares Outstanding | 134.6M | 138.5M | 249.9M | 276.9M | 363.3M | 381.5M | |
Liabilities And Stockholders Equity | 168.8M | 118.2M | 92.4M | 65.5M | 63.9M | 75.9M | |
Other Stockholder Equity | 976K | 3.4M | 16.9M | 14.4M | 21.9M | 0.0 | |
Total Liab | 37.6M | 39.8M | 9.2M | 9.5M | 10.9M | 17.1M | |
Total Current Assets | 119.7M | 81.5M | 65.5M | 47.3M | 36.6M | 52.0M | |
Accumulated Other Comprehensive Income | 16.9M | 14.4M | 21.9M | 28.4M | 29.5M | 15.8M | |
Short Term Debt | 1.8M | 7.7M | 113K | 598K | 2.2M | 2.7M | |
Common Stock | 122.8M | 138.5M | 190.6M | 191.3M | 200.2M | 120.7M | |
Property Plant And Equipment Net | 42.2M | 34.2M | 25.9M | 18.1M | 25.3M | 25.4M | |
Non Current Assets Total | 49.1M | 36.7M | 26.8M | 18.2M | 27.3M | 27.7M | |
Non Currrent Assets Other | 6.1M | (52K) | 876K | (18.2M) | 1000.0K | 1.0M | |
Other Assets | 6.7M | 2.1M | 876K | 0.0 | 1.0 | 0.95 | |
Short Term Investments | 679K | 2.1M | 1.1M | 756K | 265K | 251.8K | |
Long Term Debt Total | 8.8M | 10.8M | 103K | 34K | 39.1K | 37.1K | |
Non Current Liabilities Total | 8.8M | 15.6M | 338K | 34K | 69K | 65.6K | |
Other Current Assets | 2.0M | 4.6M | 3.1M | 2.3M | 2.9M | 2.5M | |
Net Invested Capital | 141.1M | 96.3M | 83.1M | 56.5M | 55.1M | 73.3M | |
Cash And Equivalents | 38.6M | 19.9M | 34.1M | 24.1M | 27.8M | 22.9M | |
Net Working Capital | 90.9M | 57.3M | 56.7M | 37.9M | 25.8M | 44.1M | |
Property Plant Equipment | 42.2M | 34.1M | 25.9M | 18.1M | 20.8M | 25.0M | |
Net Receivables | 27.5M | 34.9M | 17.4M | 13.2M | 5.9M | 5.6M | |
Inventory | 51.5M | 22.1M | 11.0M | 7.8M | 9.9M | 14.9M | |
Property Plant And Equipment Gross | 42.2M | 34.1M | 51.3M | 43.2M | 52.3M | 43.5M | |
Capital Stock | 122.8M | 138.5M | 190.6M | 191.3M | 200.2M | 154.7M |
Pair Trading with Medipharm Labs
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 Medipharm Labs 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 Medipharm Labs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Medipharm Labs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medipharm Labs 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 Medipharm Labs - 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 Medipharm Labs Corp to buy it.
The correlation of Medipharm Labs 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 Medipharm Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medipharm Labs 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 Medipharm Labs 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 Medipharm Stock
Balance Sheet is a snapshot of the financial position of Medipharm Labs Corp at a specified time, usually calculated after every quarter, six months, or one year. Medipharm Labs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Medipharm Labs 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 Medipharm currently owns. An asset can also be divided into two categories, current and non-current.