TDb Free Cash Flow Yield vs Price To Sales Ratio Analysis
XTD Stock | CAD 1.98 0.01 0.51% |
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 Free Cash Flow Yield and its Price To Sales Ratio 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.
Free Cash Flow Yield vs Price To Sales Ratio
Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TDb Split's Free Cash Flow Yield and Price To Sales Ratio is -0.14. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio 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 Free Cash Flow Yield 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 Free Cash Flow Yield of TDb Split 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 Free Cash Flow Yield i.e., TDb Split's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Price To Sales Ratio
Price to Sales Ratio is figured by comparing TDb Split Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on TDb Split sales, a figure that is much harder to manipulate than other TDb Split 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 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 8th 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
Click cells to compare fundamentals
TDb Split Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TDb Split fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
Other Current Liab | (286.4K) | (675.2K) | (610.0K) | (1.6M) | (1.4M) | (1.3M) | |
Total Current Liabilities | 286.4K | 675.2K | 610.0K | 74.2M | 85.3M | 89.5M | |
Total Stockholder Equity | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 14.7M | |
Net Debt | 36.2M | 57.4M | 55.9M | (31.3M) | (36.0M) | (34.2M) | |
Accounts Payable | 286.4K | 675.2K | 610.0K | 1.6M | 1.8M | 1.9M | |
Cash | 13.4M | 2.0M | 8.9M | 31.3M | 36.0M | 37.8M | |
Non Current Assets Total | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 47.2M | |
Non Currrent Assets Other | (47.2M) | (85.1M) | (80.9M) | (57.4M) | (51.7M) | (54.2M) | |
Cash And Short Term Investments | 13.4M | 2.0M | 8.9M | 88.7M | 102.0M | 107.1M | |
Net Receivables | 863.0 | 941.0 | 1.1K | 995.0 | 895.5 | 850.72 | |
Common Stock Shares Outstanding | 3.4M | 4.9M | 5.6M | 14.4M | 16.5M | 17.4M | |
Liabilities And Stockholders Equity | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
Non Current Liabilities Total | 555.5K | 739.2K | 610.0K | 1.7M | 1.9M | 2.0M | |
Total Liab | 286.4K | 675.2K | 65.6M | 73.8M | 84.9M | 89.2M | |
Total Current Assets | 13.4M | 2.0M | 8.9M | 88.7M | 102.0M | 107.1M | |
Common Stock | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 19.7M | |
Net Tangible Assets | 19.8M | 10.4M | 26.9M | 24.1M | 27.7M | 21.1M | |
Short Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 62.9M | |
Long Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 65.3M | |
Short Long Term Debt Total | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M | |
Current Deferred Revenue | (49.3M) | (58.7M) | (64.1M) | (70.6M) | (63.5M) | (66.7M) | |
Short Term Debt | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M |
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
0.61 | JPM | JPMorgan Chase | PairCorr |
0.59 | BOFA | Bank of America | PairCorr |
0.5 | WMT | Walmart Inc CDR | PairCorr |
0.45 | AMZN | Amazon CDR | PairCorr |
0.39 | CHEV | CHEVRON CDR | PairCorr |
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.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.