Phio Price Sales Ratio from 2010 to 2024
| PHIO Stock | USD 2.53 0.15 6.30% |
Price Sales Ratio | First Reported 2010-12-31 | Previous Quarter 185.55 | Current Value 274.78 | Quarterly Volatility 234.88468283 |
Check Phio Pharmaceuticals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Phio Pharmaceuticals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 125.1 K, Interest Expense of 211.3 K or Other Operating Expenses of 9 M, as well as many indicators such as Price To Sales Ratio of 275, Dividend Yield of 0.0092 or PTB Ratio of 0.19. Phio financial statements analysis is a perfect complement when working with Phio Pharmaceuticals Valuation or Volatility modules.
Phio | Price Sales Ratio |
Latest Phio Pharmaceuticals' Price Sales Ratio Growth Pattern
Below is the plot of the Price Sales Ratio of Phio Pharmaceuticals Corp over the last few years. It is Phio Pharmaceuticals' Price Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Phio Pharmaceuticals' overall financial position and show how it may be relating to other accounts over time.
| Price Sales Ratio | 10 Years Trend |
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Price Sales Ratio |
| Timeline |
Phio Price Sales Ratio Regression Statistics
| Arithmetic Mean | 271.42 | |
| Geometric Mean | 192.58 | |
| Coefficient Of Variation | 86.54 | |
| Mean Deviation | 167.04 | |
| Median | 206.17 | |
| Standard Deviation | 234.88 | |
| Sample Variance | 55,171 | |
| Range | 819 | |
| R-Value | 0.01 | |
| Mean Square Error | 59,405 | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | 0.68 | |
| Total Sum of Squares | 772,391 |
Phio Price Sales Ratio History
About Phio Pharmaceuticals Financial Statements
Phio Pharmaceuticals investors utilize fundamental indicators, such as Price Sales Ratio, to predict how Phio Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Sales Ratio | 185.55 | 274.78 |
Pair Trading with Phio Pharmaceuticals
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 Phio Pharmaceuticals 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 Phio Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving against Phio Stock
The ability to find closely correlated positions to Phio Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phio Pharmaceuticals 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 Phio Pharmaceuticals - 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 Phio Pharmaceuticals Corp to buy it.
The correlation of Phio Pharmaceuticals 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 Phio Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phio Pharmaceuticals 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 Phio Pharmaceuticals 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 the analysis of Phio Pharmaceuticals Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phio Pharmaceuticals. If investors know Phio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phio Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (14.81) | Return On Assets (0.61) | Return On Equity (1.27) |
The market value of Phio Pharmaceuticals Corp is measured differently than its book value, which is the value of Phio that is recorded on the company's balance sheet. Investors also form their own opinion of Phio Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Phio Pharmaceuticals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phio Pharmaceuticals' market value can be influenced by many factors that don't directly affect Phio Pharmaceuticals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Phio Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phio Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phio Pharmaceuticals' 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.