Life Cash And Short Term Investments vs Cash Analysis
LBS Stock | CAD 9.66 0.01 0.10% |
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 Cash And Short Term Investments and its Cash 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.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Life Banc Split Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Life Banc's Cash And Short Term Investments and Cash is 0.14. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash 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 Cash And Short Term Investments and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Life Banc Split are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., Life Banc's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Life Banc Split balance sheet. This account contains Life Banc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Life Banc Split fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Cash
Cash refers to the most liquid asset of Life Banc Split, which is listed under current asset account on Life Banc Split balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Life Banc customers. The amounts must be unrestricted with restricted cash listed in a different Life Banc account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 28th 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.
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 | (72.2K) | (68.6K) | |
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 | 730.3M | 766.8M | |
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 | |
Other Stockholder Equity | 223.2M | 153.1M | 301.0M | 309.7M | 356.2M | 374.0M | |
Total Liab | 6.8M | 6.5M | 7.1M | 360.9M | 420.6M | 441.6M | |
Total Current Assets | 3.1M | 3.1M | 4.4M | 4.5M | 730.4M | 766.9M | |
Cash And Short Term Investments | 2.0M | 2.0M | 2.4M | 3.0M | 728.4M | 764.8M | |
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 | (279.8M) | (274.7M) | (305.3M) | (8.3M) | (419.5M) | (398.5M) | |
Accounts Payable | 6.8M | 6.5M | 7.1M | 8.3M | 11.3M | 6.5M | |
Total Current Liabilities | 6.8M | 6.5M | 7.1M | 8.3M | 431.6M | 453.2M | |
Net Debt | 271.0M | 266.2M | 295.7M | 349.0M | 405.3M | 249.8M | |
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 | 79.8K | 109.9K | 49.2K | 57.9K | 144.3K | 151.5K | |
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 together with Life Stock
0.77 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
0.85 | RY | Royal Bank Earnings Call This Week | PairCorr |
0.77 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
0.8 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Life Stock
0.35 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
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.