Cybin Inc Stock Price To Sales
| CYBN Stock | 14.15 1.42 9.12% |
Cybin Inc fundamentals help investors to digest information that contributes to Cybin's financial success or failures. It also enables traders to predict the movement of Cybin Stock. The fundamental analysis module provides a way to measure Cybin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cybin stock.
Cybin |
Cybin Inc Company Price To Sales Analysis
Cybin's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Cybin Price To Sales | 277.81 X |
Most of Cybin's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cybin Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Cybin Inc has a Price To Sales of 277 times. This is much higher than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The price to sales for all Canada stocks is notably lower than that of the firm.
Cybin Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cybin's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cybin could also be used in its relative valuation, which is a method of valuing Cybin by comparing valuation metrics of similar companies.Cybin is currently under evaluation in price to sales category among its peers.
Cybin Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | -0.33 | |||
| Current Valuation | 157.1 M | |||
| Shares Outstanding | 19.99 M | |||
| Shares Owned By Insiders | 6.34 % | |||
| Shares Owned By Institutions | 36.60 % | |||
| Price To Book | 1.22 X | |||
| Price To Sales | 277.81 X | |||
| Gross Profit | (311 K) | |||
| EBITDA | (86.2 M) | |||
| Net Income | (78.08 M) | |||
| Total Debt | 10.1 M | |||
| Book Value Per Share | 14.34 X | |||
| Cash Flow From Operations | (68.91 M) | |||
| Earnings Per Share | (8.55) X | |||
| Number Of Employees | 50 | |||
| Beta | 0.89 | |||
| Market Capitalization | 311.27 M | |||
| Total Asset | 302.02 M | |||
| Retained Earnings | (226.23 M) | |||
| Working Capital | 208.44 M | |||
| Net Asset | 302.02 M |
About Cybin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cybin Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cybin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cybin Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Cybin
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 Cybin 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 Cybin will appreciate offsetting losses from the drop in the long position's value.Moving together with Cybin Stock
Moving against Cybin Stock
| 0.46 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cybin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cybin 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 Cybin - 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 Cybin Inc to buy it.
The correlation of Cybin 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 Cybin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cybin Inc 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 Cybin 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cybin Inc. 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. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.