VersaBank Cash vs Other Stockholder Equity Analysis

VBNK Stock   25.00  0.02  0.08%   
VersaBank financial indicator trend analysis is much more than just breaking down VersaBank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VersaBank is a good investment. Please check the relationship between VersaBank Cash and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. 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.
To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VersaBank Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between VersaBank's Cash and Other Stockholder Equity is 0.04. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of VersaBank, assuming nothing else is changed. The correlation between historical values of VersaBank's Cash and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of VersaBank are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., VersaBank's Cash and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of VersaBank, which is listed under current asset account on VersaBank balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from VersaBank customers. The amounts must be unrestricted with restricted cash listed in a different VersaBank 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.

Other Stockholder Equity

Most indicators from VersaBank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VersaBank 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 VersaBank. 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.
To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.At this time, VersaBank's Tax Provision is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value Over EBITDA is likely to grow to 3.98, while Selling General Administrative is likely to drop about 29.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit82.4M108.6M124.9M131.2M
Total Revenue82.4M108.6M124.9M131.2M

VersaBank fundamental ratios Correlations

0.70.4-0.390.750.610.540.95-0.39-0.040.780.281.0-0.040.990.80.23-0.281.00.050.750.110.790.960.73-0.45
0.70.43-0.420.730.50.590.62-0.42-0.150.580.060.7-0.150.730.720.38-0.220.7-0.050.830.360.970.720.55-0.6
0.40.43-1.0-0.05-0.180.530.16-1.0-0.320.81-0.520.38-0.320.450.090.250.390.43-0.280.050.030.390.56-0.12-0.5
-0.39-0.42-1.00.050.19-0.52-0.151.00.32-0.80.53-0.370.32-0.44-0.08-0.25-0.39-0.420.29-0.04-0.03-0.38-0.560.130.5
0.750.73-0.050.050.890.30.860.050.060.330.420.760.060.740.950.36-0.560.730.150.950.180.840.690.92-0.25
0.610.5-0.180.190.89-0.030.80.190.360.220.30.610.360.560.790.36-0.40.580.410.830.270.660.520.98-0.15
0.540.590.53-0.520.3-0.030.37-0.52-0.820.57-0.120.56-0.820.590.490.46-0.170.55-0.770.390.230.560.670.07-0.27
0.950.620.16-0.150.860.80.37-0.150.10.60.390.950.10.920.860.26-0.420.940.190.830.150.750.870.89-0.3
-0.39-0.42-1.01.00.050.19-0.52-0.150.32-0.80.53-0.370.32-0.44-0.08-0.25-0.39-0.420.29-0.04-0.03-0.38-0.560.130.5
-0.04-0.15-0.320.320.060.36-0.820.10.32-0.190.27-0.081.0-0.09-0.16-0.380.04-0.060.990.04-0.02-0.11-0.230.31-0.1
0.780.580.81-0.80.330.220.570.6-0.8-0.19-0.280.76-0.190.760.430.20.30.8-0.130.350.050.630.830.32-0.51
0.280.06-0.520.530.420.3-0.120.390.530.27-0.280.30.270.30.34-0.45-0.70.260.340.34-0.330.070.090.370.11
1.00.70.38-0.370.760.610.560.95-0.37-0.080.760.3-0.080.990.810.24-0.311.00.020.760.120.790.960.73-0.44
-0.04-0.15-0.320.320.060.36-0.820.10.321.0-0.190.27-0.08-0.09-0.16-0.380.04-0.060.990.04-0.02-0.11-0.230.31-0.1
0.990.730.45-0.440.740.560.590.92-0.44-0.090.760.30.99-0.090.80.25-0.350.990.010.760.120.80.970.69-0.47
0.80.720.09-0.080.950.790.490.86-0.08-0.160.430.340.81-0.160.80.46-0.560.78-0.070.910.160.840.790.84-0.26
0.230.380.25-0.250.360.360.460.26-0.25-0.380.2-0.450.24-0.380.250.46-0.220.22-0.410.480.720.440.420.31-0.23
-0.28-0.220.39-0.39-0.56-0.4-0.17-0.42-0.390.040.3-0.7-0.310.04-0.35-0.56-0.22-0.250.01-0.58-0.14-0.23-0.25-0.45-0.04
1.00.70.43-0.420.730.580.550.94-0.42-0.060.80.261.0-0.060.990.780.22-0.250.040.730.10.780.960.7-0.46
0.05-0.05-0.280.290.150.41-0.770.190.290.99-0.130.340.020.990.01-0.07-0.410.010.040.12-0.08-0.01-0.150.37-0.14
0.750.830.05-0.040.950.830.390.83-0.040.040.350.340.760.040.760.910.48-0.580.730.120.410.90.720.86-0.4
0.110.360.03-0.030.180.270.230.15-0.03-0.020.05-0.330.12-0.020.120.160.72-0.140.1-0.080.410.340.180.23-0.27
0.790.970.39-0.380.840.660.560.75-0.38-0.110.630.070.79-0.110.80.840.44-0.230.78-0.010.90.340.80.7-0.52
0.960.720.56-0.560.690.520.670.87-0.56-0.230.830.090.96-0.230.970.790.42-0.250.96-0.150.720.180.80.63-0.48
0.730.55-0.120.130.920.980.070.890.130.310.320.370.730.310.690.840.31-0.450.70.370.860.230.70.63-0.2
-0.45-0.6-0.50.5-0.25-0.15-0.27-0.30.5-0.1-0.510.11-0.44-0.1-0.47-0.26-0.23-0.04-0.46-0.14-0.4-0.27-0.52-0.48-0.2
Click cells to compare fundamentals

VersaBank Account Relationship Matchups

VersaBank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.4B3.3B4.2B4.8B5.1B
Short Long Term Debt Total16.7M100.4M105.0M110.6M127.2M67.1M
Other Current Liab(100.3M)(117.7M)(7.7M)(9.7M)(8.7M)(9.1M)
Total Current Liabilities100.3M117.7M7.7M9.7M11.1M10.6M
Total Stockholder Equity255.3M332.1M349.1M377.2M433.7M238.8M
Property Plant And Equipment Net10.4M11.9M11.0M10.0M11.5M8.1M
Net Debt(240.9M)(171.1M)16.4M(21.6M)(24.9M)(26.1M)
Retained Earnings73.2M90.6M109.3M146.0M167.9M176.3M
Accounts Payable100.3M117.7M7.7M9.7M11.1M10.6M
Cash257.6M271.5M88.6M132.2M152.1M172.6M
Non Current Assets Total19.1M22.2M141.6M187.4M215.5M226.3M
Non Currrent Assets Other(19.1M)(2.9M)(141.6M)(4.1M)(4.7M)(4.9M)
Other Assets1.7B2.1B3.0B3.9B4.4B4.7B
Cash And Short Term Investments257.6M271.5M88.6M132.2M152.1M172.6M
Net Receivables6.8M10.8M18.5M24.5M28.2M29.6M
Liabilities And Stockholders Equity1.9B2.4B3.3B4.2B4.8B5.1B
Non Current Liabilities Total16.7M101.3M2.9B111.4M128.1M121.7M
Total Liab1.7B2.1B2.9B3.8B4.4B4.6B
Total Current Assets264.5M282.4M88.6M156.8M180.3M181.0M
Long Term Debt109.7M206.0M231.1M106.9M122.9M165.0M
Long Term Debt Total135.2M112.8M211.1M235.5M270.9M173.8M
Property Plant Equipment7.9M10.4M11.9M11.0M12.6M9.7M
Earning Assets16.1M27.1M8.6M953K857.7K814.8K
Other Liab6.1M4.0M8.8M8.8M10.1M7.3M
Net Tangible Assets210.8M226.0M322.7M341.7M393.0M285.0M
Inventory(257.9M)(274.2M)(110.8M)(156.8M)(141.1M)(148.2M)
Other Current Assets257.9M274.2M92.4M156.8M180.3M192.7M
Net Invested Capital239.6M413.7M454.0M470.4M540.9M401.9M
Long Term Investments8.6M953K141.6M168.9M194.2M203.9M

Pair Trading with VersaBank

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 VersaBank 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 VersaBank will appreciate offsetting losses from the drop in the long position's value.

Moving together with VersaBank Stock

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The ability to find closely correlated positions to VersaBank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VersaBank 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 VersaBank - 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 VersaBank to buy it.
The correlation of VersaBank 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 VersaBank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VersaBank 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 VersaBank 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.
Pair CorrelationCorrelation Matching
When determining whether VersaBank is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VersaBank Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Versabank Stock. Highlighted below are key reports to facilitate an investment decision about Versabank Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. 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.
To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Please note, there is a significant difference between VersaBank's value and its price as these two are different measures arrived at by different means. Investors typically determine if VersaBank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VersaBank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.