Life Accounts Payable vs Common Stock Shares Outstanding Analysis
LBS Stock | CAD 9.53 0.05 0.53% |
Life Banc financial indicator trend analysis is infinitely more than just investigating Life Banc Split recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Life Banc Split is a good investment. Please check the relationship between Life Banc Accounts Payable and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Life Banc Split. 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.
Accounts Payable vs Common Stock Shares Outstanding
Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Life Banc Split Accounts Payable account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Life Banc's Accounts Payable and Common Stock Shares Outstanding is 0.85. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Life Banc Split, assuming nothing else is changed. The correlation between historical values of Life Banc's Accounts Payable and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Life Banc Split are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Life Banc's Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Life Banc obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Life Banc Split are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Life Banc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Life Banc Split 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Life Banc Split. 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, Life Banc's Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Issuance Of Capital Stock is likely to grow to about 257.3 M, while Sales General And Administrative To Revenue is likely to drop 0.01.
Life Banc fundamental ratios Correlations
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Life Banc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Life Banc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 496.9M | 448.8M | 606.5M | 608.2M | 730.3M | 404.0M | |
Total Stockholder Equity | 217.0M | 174.1M | 301.0M | 247.3M | 309.7M | 179.7M | |
Non Current Assets Total | 493.7M | 445.7M | 602.1M | 603.7M | 725.5M | 400.6M | |
Non Currrent Assets Other | (493.7M) | (445.7M) | (602.1M) | (603.7M) | (725.5M) | (689.2M) | |
Other Assets | 39.9K | 54.9K | 24.6K | 28.9K | 72.2K | 75.8K | |
Net Receivables | 1.2M | 1.1M | 1.9M | 1.5M | 1.8M | 1.3M | |
Liabilities And Stockholders Equity | 496.9M | 448.8M | 606.5M | 608.2M | 730.3M | 404.0M | |
Total Liab | 6.8M | 6.5M | 7.1M | 360.9M | 11.3M | 10.7M | |
Total Current Assets | 3.1M | 3.1M | 4.4M | 4.5M | 4.7M | 4.5M | |
Cash And Short Term Investments | 2.0M | 2.0M | 2.4M | 3.0M | 2.9M | 2.8M | |
Short Term Investments | 493.7M | 445.7M | 602.1M | 603.7M | 725.5M | 422.2M | |
Short Term Debt | 273.0M | 268.2M | 298.2M | 352.0M | 408.2M | 262.6M | |
Other Current Liab | (6.8M) | (6.5M) | (7.1M) | (8.3M) | (11.3M) | (10.7M) | |
Total Current Liabilities | 6.8M | 6.5M | 7.1M | 8.3M | 11.3M | 6.9M | |
Net Debt | 271.0M | 266.2M | 295.7M | 349.0M | 405.3M | 249.8M | |
Accounts Payable | 6.8M | 6.5M | 7.1M | 8.3M | 11.3M | 6.9M | |
Cash | 2.0M | 2.0M | 2.4M | 3.0M | 2.9M | 2.4M | |
Non Current Liabilities Total | 6.9M | 6.5M | 7.4M | 8.3M | 12.4M | 7.0M | |
Common Stock | 217.0M | 174.1M | 301.0M | 247.3M | 309.7M | 223.7M | |
Short Long Term Debt Total | 273.0M | 268.2M | 298.2M | 352.0M | 408.2M | 275.1M | |
Other Current Assets | 39.9K | 54.9K | 24.6K | 28.9K | 72.2K | 75.8K | |
Net Tangible Assets | 217.0M | 174.1M | 301.0M | 247.3M | 284.4M | 217.2M | |
Long Term Investments | 493.7M | 445.7M | 602.1M | 603.7M | 725.5M | 563.4M | |
Current Deferred Revenue | (266.1M) | (261.7M) | (291.0M) | (343.7M) | (396.9M) | (416.7M) |
Pair Trading with Life Banc
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 Life Banc 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 Life Banc will appreciate offsetting losses from the drop in the long position's value.Moving against Life Stock
The ability to find closely correlated positions to Life Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Banc 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 Life Banc - 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 Life Banc Split to buy it.
The correlation of Life Banc 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 Life Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Banc Split 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 Life Banc 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 Life Stock
Balance Sheet is a snapshot of the financial position of Life Banc Split at a specified time, usually calculated after every quarter, six months, or one year. Life Banc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Life Banc 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 Life currently owns. An asset can also be divided into two categories, current and non-current.