Dexterra Ptb Ratio vs Price To Sales Ratio Analysis
DXT Stock | CAD 6.84 0.17 2.55% |
Dexterra financial indicator trend analysis is much more than just examining Dexterra Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dexterra Group is a good investment. Please check the relationship between Dexterra Ptb Ratio and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dexterra Group. 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.
Ptb Ratio vs Price To Sales Ratio
Ptb Ratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dexterra Group Ptb Ratio account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dexterra's Ptb Ratio and Price To Sales Ratio is 0.52. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Dexterra Group, assuming nothing else is changed. The correlation between historical values of Dexterra's Ptb Ratio 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 Ptb Ratio of Dexterra Group 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 Ptb Ratio i.e., Dexterra's Ptb Ratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Dexterra Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Dexterra sales, a figure that is much harder to manipulate than other Dexterra Group 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 Dexterra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dexterra Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dexterra Group. 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. As of the 23rd of November 2024, Tax Provision is likely to grow to about 8.9 M, while Selling General Administrative is likely to drop about 30.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 38.1M | 38.6M | 40.2M | 29.8M | Interest Income | 2.6M | 6.9M | 8.0M | 4.2M |
Dexterra fundamental ratios Correlations
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Dexterra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dexterra fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 174.8M | 513.5M | 531.5M | 611.4M | 607.1M | 531.1M | |
Short Long Term Debt Total | 7.1M | 111.5M | 90.4M | 122.1M | 117.3M | 84.0M | |
Other Current Liab | 400K | 8.0M | 5.3M | 8.9M | 4.2M | 4.4M | |
Total Current Liabilities | 25.6M | 100.3M | 137.2M | 198.0M | 186.0M | 99.0M | |
Total Stockholder Equity | 143.7M | 299.2M | 304.4M | 286.8M | 286.8M | 232.9M | |
Property Plant And Equipment Net | 9.9M | 206.1M | 184.0M | 180.0M | 168.9M | 195.2M | |
Current Deferred Revenue | 2.9M | 3.3M | 1.9M | 10.7M | 10.6M | 11.1M | |
Net Debt | 4.6M | 137.5M | 115.5M | 150.2M | 117.3M | 91.4M | |
Retained Earnings | 12.2M | 66.5M | 69.6M | 50.2M | 52.3M | 37.3M | |
Accounts Payable | 16.2M | 81.8M | 122.6M | 170.6M | 163.2M | 84.9M | |
Non Current Assets Total | 129.6M | 345.6M | 322.6M | 368.6M | 359.3M | 272.1M | |
Non Currrent Assets Other | (129.6M) | 14.8M | (2.1M) | 16.6M | (1.0) | (1.05) | |
Net Receivables | 36.4M | 149.5M | 187.0M | 211.4M | 212.6M | 136.6M | |
Common Stock Shares Outstanding | 64.9M | 51.4M | 65.4M | 65.5M | 65.2M | 51.8M | |
Liabilities And Stockholders Equity | 174.8M | 513.5M | 531.5M | 611.4M | 607.1M | 531.1M | |
Non Current Liabilities Total | 4.1M | 112.3M | 90.0M | 126.4M | 134.1M | 111.4M | |
Inventory | 4.5M | 12.4M | 17.0M | 26.0M | 28.7M | 14.8M | |
Other Current Assets | 1.8M | 32.1M | 30.0M | 5.3M | 6.5M | 11.4M | |
Other Stockholder Equity | (755K) | 354K | 1.2M | 2.2M | 3.3M | 6.2M | |
Total Liab | 29.7M | 212.5M | 227.2M | 324.4M | 320.1M | 210.4M | |
Total Current Assets | 45.2M | 168.0M | 208.9M | 242.8M | 247.7M | 156.9M | |
Short Term Debt | 6.1M | 7.2M | 7.3M | 7.8M | 8.0M | 4.7M | |
Common Stock | 131.5M | 232.3M | 233.5M | 234.0M | 231.1M | 199.1M | |
Other Assets | 0.0 | 5.7M | 1.1M | 11.6M | 1.0 | 0.95 | |
Long Term Debt | 0.0 | 85.4M | 65.3M | 94.0M | 89.6M | 70.6M | |
Good Will | 20.5M | 24.8M | 98.6M | 128.6M | 130.4M | 85.3M | |
Long Term Debt Total | 30.9M | 1.1M | 104.3M | 83.0M | 95.5M | 67.4M | |
Capital Surpluse | 17.2M | 0.0 | 354K | 1.2M | 1.1M | 1.0M | |
Intangible Assets | 21.1M | 23.5M | 21.8M | 35.4M | 31.0M | 22.5M | |
Property Plant Equipment | 9.9M | 206.1M | 184.0M | 180.0M | 162.0M | 149.3M | |
Other Liab | 3.1M | 8.0M | 7.0M | 12.1M | 13.9M | 14.6M | |
Net Tangible Assets | 24.0M | 177.1M | 184.0M | 122.8M | 141.2M | 112.7M | |
Cash | 2.6M | (26.1M) | (25.1M) | (28.1M) | (25.3M) | (24.0M) | |
Cash And Short Term Investments | 2.6M | (26.1M) | (25.1M) | (28.1M) | 1.0 | 1.05 |
Pair Trading with Dexterra
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 Dexterra 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 Dexterra will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dexterra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dexterra 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 Dexterra - 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 Dexterra Group to buy it.
The correlation of Dexterra 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 Dexterra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dexterra Group 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 Dexterra 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 Dexterra Stock
Balance Sheet is a snapshot of the financial position of Dexterra Group at a specified time, usually calculated after every quarter, six months, or one year. Dexterra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dexterra 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 Dexterra currently owns. An asset can also be divided into two categories, current and non-current.