Telus Ptb Ratio vs Ev To Sales Analysis
T Stock | CAD 21.80 0.01 0.05% |
Telus Corp financial indicator trend analysis is much more than just breaking down Telus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telus Corp is a good investment. Please check the relationship between Telus Corp Ptb Ratio and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.
Ptb Ratio vs Ev To Sales
Ptb Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Telus Corp Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have weak relationship.
The correlation between Telus Corp's Ptb Ratio and Ev To Sales is 0.33. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Telus Corp, assuming nothing else is changed. The correlation between historical values of Telus Corp's Ptb Ratio 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 Ptb Ratio of Telus Corp 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 Ptb Ratio i.e., Telus Corp's Ptb Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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 Telus Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telus 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.As of the 2nd of December 2024, Tax Provision is likely to grow to about 392.6 M, while Selling General Administrative is likely to drop about 3.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.1B | 11.2B | 12.5B | 6.5B | Total Revenue | 16.8B | 18.3B | 20.0B | 12.1B |
Telus Corp fundamental ratios Correlations
Click cells to compare fundamentals
Telus Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telus Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.0B | 43.3B | 48.0B | 54.0B | 56.1B | 58.9B | |
Short Long Term Debt Total | 18.6B | 20.4B | 21.0B | 25.1B | 27.5B | 28.8B | |
Other Current Liab | 2.7B | 2.8B | 3.1B | 3.4B | 3.4B | 2.1B | |
Total Current Liabilities | 5.6B | 5.9B | 8.3B | 8.3B | 9.5B | 10.0B | |
Total Stockholder Equity | 10.5B | 12.1B | 15.1B | 16.6B | 16.1B | 9.4B | |
Property Plant And Equipment Net | 14.2B | 15.0B | 15.9B | 17.1B | 17.2B | 11.1B | |
Net Debt | 18.0B | 19.5B | 20.2B | 24.2B | 26.6B | 27.9B | |
Retained Earnings | 4.4B | 3.7B | 4.3B | 4.1B | 2.8B | 2.5B | |
Accounts Payable | 892M | 855M | 1.2B | 1.4B | 996M | 793.3M | |
Cash | 535M | 848M | 723M | 974M | 864M | 907.2M | |
Non Current Assets Total | 33.6B | 38.6B | 43.0B | 48.0B | 49.8B | 25.1B | |
Non Currrent Assets Other | 82M | 119M | 1.7B | 1.9B | 1.9B | 2.0B | |
Cash And Short Term Investments | 535M | 848M | 723M | 974M | 864M | 907.2M | |
Net Receivables | 2.8B | 2.9B | 3.3B | 3.9B | 4.2B | 4.5B | |
Common Stock Shares Outstanding | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.4B | |
Liabilities And Stockholders Equity | 38.0B | 43.3B | 48.0B | 54.0B | 56.1B | 58.9B | |
Non Current Liabilities Total | 21.7B | 24.8B | 23.7B | 28.1B | 29.4B | 30.8B | |
Other Current Assets | 555M | 480M | 534M | 700M | 718M | 419.9M | |
Other Stockholder Equity | 398M | 534M | 1.0B | 956M | 997M | 1.8B | |
Total Liab | 27.3B | 30.7B | 31.9B | 36.4B | 38.8B | 40.8B | |
Property Plant And Equipment Gross | 14.2B | 15.0B | 42.8B | 45.5B | 47.4B | 49.8B | |
Total Current Assets | 4.4B | 4.7B | 5.0B | 6.1B | 6.3B | 6.6B | |
Short Term Debt | 1.4B | 1.5B | 3.0B | 2.6B | 4.1B | 4.3B | |
Intangible Assets | 12.8B | 15.0B | 17.5B | 19.2B | 19.7B | 20.7B | |
Inventory | 437M | 407M | 448M | 537M | 484M | 322.2M | |
Accumulated Other Comprehensive Income | 119M | 117M | 203M | 110M | (44M) | (46.2M) | |
Good Will | 5.3B | 7.2B | 7.3B | 9.2B | 10.1B | 5.0B | |
Current Deferred Revenue | 675M | 772M | 854M | 891M | 736M | 780.3M | |
Common Stock Total Equity | 5.2B | 5.4B | 5.7B | 7.7B | 8.8B | 6.1B | |
Common Stock | 5.7B | 7.7B | 9.6B | 11.4B | 12.3B | 7.6B | |
Other Liab | 4.6B | 5.8B | 5.7B | 5.6B | 6.4B | 4.7B | |
Net Tangible Assets | (7.6B) | (10.2B) | (9.7B) | (11.8B) | (10.6B) | (11.1B) | |
Other Assets | 1.1B | 1.1B | 1.8B | 909M | 1.0B | 982.7M | |
Long Term Debt | 17.1B | 18.9B | 17.9B | 22.5B | 23.4B | 16.5B | |
Long Term Investments | 113M | 306M | 497M | 609M | 826M | 867.3M | |
Short Long Term Debt | 1.4B | 1.5B | 3.0B | 2.6B | 4.1B | 4.3B | |
Property Plant Equipment | 14.2B | 15.0B | 15.9B | 17.1B | 19.6B | 13.6B | |
Long Term Debt Total | 17.1B | 18.9B | 17.9B | 22.5B | 25.9B | 17.1B | |
Capital Surpluse | 398M | 534M | 1.0B | 956M | 1.1B | 572.1M |
Pair Trading with Telus Corp
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 Telus Corp 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 Telus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Telus Stock
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The ability to find closely correlated positions to Telus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telus Corp 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 Telus Corp - 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 Telus Corp to buy it.
The correlation of Telus Corp 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 Telus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telus 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 Telus Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.