TDb Ev To Sales vs Days Sales Outstanding Analysis

XTD Stock  CAD 1.84  0.06  3.16%   
TDb Split financial indicator trend analysis is much more than just breaking down TDb Split Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TDb Split Corp is a good investment. Please check the relationship between TDb Split Ev To Sales and its Days Sales Outstanding accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split 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.

Ev To Sales vs Days Sales Outstanding

Ev To Sales vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Ev To Sales account and Days Sales Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between TDb Split's Ev To Sales and Days Sales Outstanding is 0.32. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of TDb Split Corp, assuming nothing else is changed. The correlation between historical values of TDb Split's Ev To Sales and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of TDb Split Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ev To Sales i.e., TDb Split's Ev To Sales and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Days Sales Outstanding

Most indicators from TDb Split's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TDb Split 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split 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, TDb Split's Selling General Administrative is very stable compared to the past year. As of the 10th of December 2024, Issuance Of Capital Stock is likely to grow to about 13.8 M, while Sales General And Administrative To Revenue is likely to drop (0.05).

TDb Split fundamental ratios Correlations

-0.290.470.720.130.620.310.540.91-0.830.49-0.40.620.440.470.480.490.450.640.370.630.680.68-0.180.83-0.77
-0.29-0.790.120.610.05-0.97-0.73-0.03-0.01-0.770.36-0.72-0.86-0.26-0.66-0.77-0.37-0.010.14-0.48-0.23-0.240.52-0.610.58
0.47-0.790.0-0.680.020.880.970.19-0.141.0-0.20.970.880.520.821.00.320.26-0.110.470.240.26-0.790.77-0.74
0.720.120.00.370.78-0.090.030.9-0.910.01-0.460.170.050.060.160.010.490.650.790.530.590.590.00.29-0.31
0.130.61-0.680.370.22-0.65-0.550.39-0.44-0.64-0.06-0.51-0.550.14-0.61-0.64-0.090.010.35-0.090.40.380.51-0.130.06
0.620.050.020.780.22-0.060.10.71-0.720.05-0.510.160.13-0.130.120.040.730.530.340.090.180.20.080.2-0.22
0.31-0.970.88-0.09-0.65-0.060.830.06-0.020.87-0.330.830.910.340.740.870.390.07-0.110.490.260.27-0.720.65-0.63
0.54-0.730.970.03-0.550.10.830.25-0.210.99-0.30.970.850.610.780.990.380.33-0.150.40.260.28-0.770.82-0.81
0.91-0.030.190.90.390.710.060.25-0.980.21-0.380.380.210.330.290.210.440.610.630.580.760.77-0.070.61-0.61
-0.83-0.01-0.14-0.91-0.44-0.72-0.02-0.21-0.98-0.160.37-0.34-0.17-0.31-0.26-0.16-0.44-0.56-0.67-0.51-0.76-0.770.08-0.530.59
0.49-0.771.00.01-0.640.050.870.990.21-0.16-0.230.980.870.550.811.00.340.29-0.130.450.250.27-0.790.79-0.77
-0.40.36-0.2-0.46-0.06-0.51-0.33-0.3-0.380.37-0.23-0.25-0.290.02-0.14-0.22-0.73-0.6-0.36-0.36-0.28-0.240.14-0.290.31
0.62-0.720.970.17-0.510.160.830.970.38-0.340.98-0.250.860.620.810.980.390.33-0.020.510.390.41-0.780.86-0.85
0.44-0.860.880.05-0.550.130.910.850.21-0.170.87-0.290.860.440.710.870.370.19-0.080.440.280.3-0.710.7-0.68
0.47-0.260.520.060.14-0.130.340.610.33-0.310.550.020.620.440.250.55-0.130.11-0.060.370.50.5-0.430.71-0.73
0.48-0.660.820.16-0.610.120.740.780.29-0.260.81-0.140.810.710.250.810.320.270.080.480.310.34-0.670.67-0.65
0.49-0.771.00.01-0.640.040.870.990.21-0.161.0-0.220.980.870.550.810.340.29-0.130.450.240.27-0.790.79-0.77
0.45-0.370.320.49-0.090.730.390.380.44-0.440.34-0.730.390.37-0.130.320.340.370.190.170.190.22-0.320.32-0.32
0.64-0.010.260.650.010.530.070.330.61-0.560.29-0.60.330.190.110.270.290.370.570.450.310.27-0.150.4-0.34
0.370.14-0.110.790.350.34-0.11-0.150.63-0.67-0.13-0.36-0.02-0.08-0.060.08-0.130.190.570.610.640.62-0.040.09-0.14
0.63-0.480.470.53-0.090.090.490.40.58-0.510.45-0.360.510.440.370.480.450.170.450.610.760.73-0.270.63-0.57
0.68-0.230.240.590.40.180.260.260.76-0.760.25-0.280.390.280.50.310.240.190.310.640.760.99-0.230.67-0.7
0.68-0.240.260.590.380.20.270.280.77-0.770.27-0.240.410.30.50.340.270.220.270.620.730.99-0.270.68-0.72
-0.180.52-0.790.00.510.08-0.72-0.77-0.070.08-0.790.14-0.78-0.71-0.43-0.67-0.79-0.32-0.15-0.04-0.27-0.23-0.27-0.50.52
0.83-0.610.770.29-0.130.20.650.820.61-0.530.79-0.290.860.70.710.670.790.320.40.090.630.670.68-0.5-0.96
-0.770.58-0.74-0.310.06-0.22-0.63-0.81-0.610.59-0.770.31-0.85-0.68-0.73-0.65-0.77-0.32-0.34-0.14-0.57-0.7-0.720.52-0.96
Click cells to compare fundamentals

TDb Split Account Relationship Matchups

TDb Split fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.5M87.1M89.7M88.7M102.0M53.3M
Other Current Liab(286.4K)(675.2K)(610.0K)(1.6M)(1.4M)(1.3M)
Total Current Liabilities286.4K675.2K610.0K74.2M85.3M89.5M
Total Stockholder Equity10.4M26.9M24.1M14.8M17.1M14.7M
Net Debt36.2M57.4M55.9M(31.3M)(36.0M)(34.2M)
Accounts Payable286.4K675.2K610.0K1.6M1.8M1.9M
Cash13.4M2.0M8.9M31.3M36.0M37.8M
Non Current Assets Total47.2M85.1M80.9M57.4M66.0M47.2M
Non Currrent Assets Other(47.2M)(85.1M)(80.9M)(57.4M)(51.7M)(54.2M)
Cash And Short Term Investments13.4M2.0M8.9M88.7M102.0M107.1M
Net Receivables863.0941.01.1K995.0895.5850.72
Common Stock Shares Outstanding3.4M4.9M5.6M14.4M16.5M17.4M
Liabilities And Stockholders Equity60.5M87.1M89.7M88.7M102.0M53.3M
Non Current Liabilities Total555.5K739.2K610.0K1.7M1.9M2.0M
Total Liab286.4K675.2K65.6M73.8M84.9M89.2M
Total Current Assets13.4M2.0M8.9M88.7M102.0M107.1M
Common Stock10.4M26.9M24.1M14.8M17.1M19.7M
Net Tangible Assets19.8M10.4M26.9M24.1M27.7M21.1M
Short Term Investments47.2M85.1M80.9M57.4M66.0M62.9M
Long Term Investments47.2M85.1M80.9M57.4M66.0M65.3M
Short Long Term Debt Total49.5M59.4M64.8M72.2M83.0M61.5M
Current Deferred Revenue(49.3M)(58.7M)(64.1M)(70.6M)(63.5M)(66.7M)
Short Term Debt49.5M59.4M64.8M72.2M83.0M61.5M

Pair Trading with TDb Split

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

Moving against TDb Stock

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The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.
The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split 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 TDb Split 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

Other Information on Investing in TDb Stock

Balance Sheet is a snapshot of the financial position of TDb Split Corp at a specified time, usually calculated after every quarter, six months, or one year. TDb Split Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TDb Split 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 TDb currently owns. An asset can also be divided into two categories, current and non-current.