Calibre Book Value Per Share vs Price To Sales Ratio Analysis
| CXB Stock | CAD 2.35 0.04 1.73% |
Calibre Mining financial indicator trend analysis is way more than just evaluating Calibre Mining Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calibre Mining Corp is a good investment. Please check the relationship between Calibre Mining Book Value Per Share and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calibre Mining 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.
Book Value Per Share vs Price To Sales Ratio
Book Value Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Calibre Mining Corp Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Calibre Mining's Book Value Per Share and Price To Sales Ratio is -0.34. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Calibre Mining Corp, assuming nothing else is changed. The correlation between historical values of Calibre Mining's Book Value Per Share 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 Book Value Per Share of Calibre Mining 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 Book Value Per Share i.e., Calibre Mining's Book Value Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Calibre Mining Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Calibre Mining sales, a figure that is much harder to manipulate than other Calibre Mining 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 Calibre Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calibre Mining 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calibre Mining 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, Calibre Mining's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Tax Provision is likely to drop about 26.1 M.
Calibre Mining fundamental ratios Correlations
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Calibre Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calibre Mining fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 265.2M | 351.2M | 437.5M | 664.3M | 819.6M | 860.6M | |
| Total Current Liabilities | 34.8M | 35.5M | 43.4M | 66.6M | 93.3M | 97.9M | |
| Total Stockholder Equity | 154.7M | 230.1M | 289.5M | 450.7M | 557.2M | 585.1M | |
| Property Plant And Equipment Net | 199.0M | 240.9M | 290.1M | 477.2M | 557.1M | 584.9M | |
| Net Debt | (32.6M) | (53.0M) | (78.4M) | (43.4M) | (65.4M) | (62.2M) | |
| Retained Earnings | (29.9M) | 33.6M | 91.7M | 135.1M | 220.1M | 231.1M | |
| Accounts Payable | 15.1M | 24.3M | 21.0M | 42.2M | 53.3M | 55.9M | |
| Cash | 32.9M | 53.2M | 78.5M | 56.5M | 86.2M | 90.5M | |
| Non Current Assets Total | 199.4M | 245.7M | 296.4M | 489.3M | 613.7M | 644.4M | |
| Cash And Short Term Investments | 32.9M | 53.2M | 78.5M | 56.5M | 86.2M | 90.5M | |
| Common Stock Shares Outstanding | 111.4M | 358.9M | 363.9M | 461.7M | 473.9M | 497.6M | |
| Liabilities And Stockholders Equity | 265.2M | 351.2M | 437.5M | 664.3M | 819.6M | 860.6M | |
| Other Current Assets | 100K | 102K | 6.6M | 11.6M | 14.6M | 15.3M | |
| Other Stockholder Equity | 17.3M | 22.3M | 19.1M | 22.5M | 22.0M | 20.0M | |
| Total Liab | 110.5M | 121.0M | 148.1M | 213.5M | 262.4M | 275.5M | |
| Property Plant And Equipment Gross | 199.0M | 240.9M | 351.1M | 591.4M | 756.7M | 794.5M | |
| Total Current Assets | 65.7M | 105.4M | 141.1M | 175.0M | 205.9M | 216.2M | |
| Short Term Debt | 116K | 121K | 43K | 4.5M | 9.9M | 10.4M | |
| Net Receivables | 1.8M | 987K | 1.7M | 1.9M | 2.5M | 2.6M | |
| Inventory | 29.2M | 46.4M | 54.4M | 105.0M | 102.6M | 107.8M | |
| Accumulated Other Comprehensive Income | 2.1M | 3.7M | 2.9M | 1.6M | 12.7M | 13.3M | |
| Non Current Liabilities Total | 75.7M | 85.5M | 104.7M | 147.0M | 169.1M | 177.5M | |
| Common Stock | 165.1M | 170.6M | 175.7M | 291.6M | 302.4M | 317.5M | |
| Net Tangible Assets | 154.7M | 230.1M | 289.5M | 450.7M | 518.4M | 544.3M | |
| Non Currrent Assets Other | 393K | 1.9M | 2.8M | 6.4M | 14.3M | 15.0M | |
| Capital Surpluse | 15.9M | 17.3M | 22.3M | 19.1M | 21.9M | 18.1M | |
| Cash And Equivalents | 2.3M | 3.5M | 53.2M | 78.5M | 90.2M | 94.7M | |
| Property Plant Equipment | 199.0M | 240.9M | 290.1M | 477.2M | 548.8M | 576.2M | |
| Net Invested Capital | 154.7M | 230.1M | 289.5M | 458.8M | 567.7M | 596.1M | |
| Net Working Capital | 30.9M | 70.0M | 97.7M | 108.4M | 112.6M | 66.7M | |
| Capital Stock | 165.1M | 170.6M | 175.7M | 291.6M | 302.4M | 209.1M |
Pair Trading with Calibre Mining
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 Calibre Mining 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 Calibre Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Calibre Stock
The ability to find closely correlated positions to Calibre Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calibre Mining 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 Calibre Mining - 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 Calibre Mining Corp to buy it.
The correlation of Calibre Mining 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 Calibre Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calibre Mining 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 Calibre Mining 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 Calibre Stock
Balance Sheet is a snapshot of the financial position of Calibre Mining Corp at a specified time, usually calculated after every quarter, six months, or one year. Calibre Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Calibre Mining 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 Calibre currently owns. An asset can also be divided into two categories, current and non-current.