Payfare Book Value Per Share vs Ev To Sales Analysis
| PAY Stock | CAD 2.21 0.06 2.79% |
Payfare financial indicator trend analysis is much more than just breaking down Payfare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Payfare is a good investment. Please check the relationship between Payfare Book Value Per Share and its Ev To Sales accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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 Ev To Sales
Book Value Per Share vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Payfare Book Value Per Share account and Ev To Sales. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Payfare's Book Value Per Share and Ev To Sales is -0.54. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Payfare, assuming nothing else is changed. The correlation between historical values of Payfare's Book Value Per Share and Ev To Sales 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 Payfare are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Book Value Per Share i.e., Payfare's Book Value Per Share and Ev To Sales go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very 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.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most indicators from Payfare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Payfare 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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, Payfare's Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Selling General Administrative is likely to grow to about 11.4 M, while Issuance Of Capital Stock is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 19.7M | 18.8M | 14.3M | 12.5M | Cost Of Revenue | 42.4M | 114.8M | 160.0M | 168.0M |
Payfare fundamental ratios Correlations
Click cells to compare fundamentals
Payfare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Payfare fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 36.0M | 31.7M | 224.3M | 217.1M | 301.6M | 316.7M | |
| Other Current Liab | 21.9M | 22.5M | 176.2M | 148.7M | 207.6M | 218.0M | |
| Total Current Liabilities | 34.0M | 43.9M | 176.4M | 167.4M | 230.4M | 241.9M | |
| Total Stockholder Equity | 2.0M | (12.2M) | 47.9M | 49.6M | 71.2M | 74.8M | |
| Net Tangible Assets | 686.4K | (13.2M) | 46.8M | 46.3M | 53.2M | 55.9M | |
| Retained Earnings | (53.7M) | (80.0M) | (101.4M) | (104.3M) | (92.3M) | (96.9M) | |
| Accounts Payable | 3.2M | 3.3M | 11.4M | 20.0M | 22.8M | 24.0M | |
| Cash | 949.0K | 1.6M | 40.9M | 42.6M | 78.2M | 82.1M | |
| Net Receivables | 4.8M | 1.4M | 5.1M | 3.1M | 6.2M | 4.1M | |
| Inventory | 28.5M | 27.4M | 175.1M | 161.8M | 186.0M | 195.3M | |
| Other Stockholder Equity | 13.7M | 15.3M | 12.6M | 17.1M | 18.5M | 9.4M | |
| Total Liab | 34.0M | 43.9M | 176.4M | 167.4M | 230.4M | 241.9M | |
| Short Long Term Debt | 9K | 6.9K | 8.8M | 17.9M | 20.6M | 21.6M | |
| Total Current Assets | 34.5M | 30.6M | 223.0M | 211.8M | 295.1M | 309.8M | |
| Short Term Debt | 8.9M | 17.9M | 59.2K | 35.7K | 41.1K | 39.1K | |
| Intangible Assets | 1.3M | 1.1M | 1.1M | 3.3M | 5.6M | 5.9M | |
| Common Stock | 42.0M | 52.6M | 136.7M | 136.9M | 145.1M | 152.4M | |
| Property Plant Equipment | 224.6K | 49.2K | 218.0K | 161.4K | 145.3K | 151.0K | |
| Short Long Term Debt Total | 8.9M | 17.9M | 94.0K | 35.7K | 32.2K | 30.6K | |
| Current Deferred Revenue | (25.1M) | 178.3K | 120.6K | 9.4K | 10.8K | 11.3K | |
| Net Debt | 8.0M | 16.3M | (40.9M) | (42.6M) | (78.2M) | (74.2M) | |
| Non Current Assets Total | 1.5M | 1.1M | 1.3M | 5.3M | 6.6M | 6.9M | |
| Cash And Short Term Investments | 949.0K | 1.6M | 40.9M | 42.6M | 78.2M | 82.1M | |
| Liabilities And Stockholders Equity | 36.0M | 31.7M | 224.3M | 217.1M | 301.6M | 316.7M | |
| Capital Surpluse | 7.0M | 6.5M | 13.7M | 15.2M | 17.5M | 9.7M | |
| Other Current Assets | 28.7M | 27.6M | 176.9M | 152.6M | 210.8M | 221.3M | |
| Accumulated Other Comprehensive Income | (39.8K) | (37.9K) | (30.6K) | (79.8K) | (66.1K) | (62.8K) | |
| Property Plant And Equipment Net | 224.6K | 49.2K | 218.0K | 161.4K | 111.0K | 152.1K | |
| Net Invested Capital | 10.7M | 5.7M | 47.9M | 49.6M | 71.2M | 74.8M | |
| Net Working Capital | 461.7K | (13.3M) | 46.6M | 44.4M | 64.7M | 67.9M |
Pair Trading with Payfare
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 Payfare 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 Payfare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
The correlation of Payfare 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 Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare 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 Payfare 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 Payfare Stock
Balance Sheet is a snapshot of the financial position of Payfare at a specified time, usually calculated after every quarter, six months, or one year. Payfare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Payfare 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 Payfare currently owns. An asset can also be divided into two categories, current and non-current.