Telus Price To Sales Ratio vs Book Value Per Share Analysis
T Stock | CAD 21.38 0.29 1.34% |
Telus Corp financial indicator trend analysis is much more than just breaking down Telus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telus Corp is a good investment. Please check the relationship between Telus Corp Price To Sales Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.
Price To Sales Ratio vs Book Value Per Share
Price To Sales Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Telus Corp Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Telus Corp's Price To Sales Ratio and Book Value Per Share is -0.22. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Telus Corp, assuming nothing else is changed. The correlation between historical values of Telus Corp's Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Telus Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Telus Corp's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Telus Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Telus Corp sales, a figure that is much harder to manipulate than other Telus 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.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.Most indicators from Telus Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telus 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.As of the 22nd of November 2024, Tax Provision is likely to grow to about 392.6 M, while Selling General Administrative is likely to drop about 3.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.1B | 11.2B | 12.5B | 6.5B | Total Revenue | 16.8B | 18.3B | 20.0B | 12.1B |
Telus Corp fundamental ratios Correlations
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Telus Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telus Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.0B | 43.3B | 48.0B | 54.0B | 56.1B | 58.9B | |
Short Long Term Debt Total | 18.6B | 20.4B | 21.0B | 25.1B | 27.5B | 28.8B | |
Other Current Liab | 2.6B | 2.8B | 3.2B | 3.4B | 3.4B | 3.6B | |
Total Current Liabilities | 5.6B | 5.9B | 8.3B | 8.3B | 9.5B | 10.0B | |
Total Stockholder Equity | 10.5B | 12.1B | 15.1B | 16.6B | 16.1B | 9.4B | |
Property Plant And Equipment Net | 14.2B | 15.0B | 15.9B | 17.1B | 17.2B | 11.1B | |
Net Debt | 18.0B | 19.5B | 20.2B | 24.2B | 26.6B | 27.9B | |
Retained Earnings | 4.4B | 3.7B | 4.3B | 4.1B | 2.8B | 2.5B | |
Accounts Payable | 892M | 855M | 1.2B | 1.4B | 996M | 1.1B | |
Cash | 535M | 848M | 723M | 974M | 864M | 907.2M | |
Non Current Assets Total | 33.6B | 38.6B | 43.0B | 48.0B | 49.8B | 25.1B | |
Non Currrent Assets Other | 82M | 119M | 1.7B | 1.9B | 1.9B | 2.0B | |
Cash And Short Term Investments | 535M | 848M | 723M | 974M | 864M | 907.2M | |
Net Receivables | 2.8B | 2.9B | 3.3B | 3.9B | 4.2B | 4.5B | |
Common Stock Shares Outstanding | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.4B | |
Liabilities And Stockholders Equity | 38.0B | 43.3B | 48.0B | 54.0B | 56.1B | 58.9B | |
Non Current Liabilities Total | 21.7B | 24.8B | 23.7B | 28.1B | 29.4B | 30.8B | |
Other Current Assets | 555M | 486M | 541M | 700M | 718M | 753.9M | |
Other Stockholder Equity | 398M | 534M | 1.0B | 956M | 997M | 947.2M | |
Total Liab | 27.3B | 30.7B | 31.9B | 36.4B | 38.8B | 40.8B | |
Property Plant And Equipment Gross | 14.2B | 15.0B | 42.8B | 45.5B | 47.4B | 49.8B | |
Total Current Assets | 4.4B | 4.7B | 5.0B | 6.1B | 6.3B | 6.6B | |
Short Term Debt | 1.4B | 1.5B | 3.0B | 2.6B | 4.1B | 4.3B | |
Intangible Assets | 12.8B | 15.0B | 17.5B | 19.2B | 19.7B | 20.7B | |
Inventory | 437M | 407M | 448M | 537M | 484M | 322.2M | |
Accumulated Other Comprehensive Income | 119M | 117M | 203M | 110M | (44M) | (46.2M) | |
Good Will | 5.3B | 7.2B | 7.3B | 9.2B | 10.1B | 5.0B | |
Current Deferred Revenue | 675M | 772M | 854M | 891M | 971M | 792.6M | |
Common Stock Total Equity | 5.2B | 5.4B | 5.7B | 7.7B | 8.8B | 6.1B | |
Common Stock | 5.7B | 7.7B | 9.6B | 11.4B | 12.3B | 7.6B | |
Other Liab | 4.6B | 5.8B | 5.7B | 5.6B | 6.4B | 4.7B | |
Net Tangible Assets | (7.6B) | (10.2B) | (9.7B) | (11.8B) | (10.6B) | (11.1B) | |
Other Assets | 1.1B | 1.1B | 1.8B | 909M | 1.0B | 982.7M | |
Long Term Debt | 17.1B | 18.9B | 17.9B | 22.5B | 23.4B | 16.5B | |
Long Term Investments | 113M | 306M | 497M | 609M | 826M | 867.3M | |
Short Long Term Debt | 1.4B | 1.5B | 3.0B | 2.6B | 4.1B | 4.3B | |
Property Plant Equipment | 14.2B | 15.0B | 15.9B | 17.1B | 19.6B | 13.6B | |
Long Term Debt Total | 17.1B | 18.9B | 17.9B | 22.5B | 25.9B | 17.1B | |
Capital Surpluse | 398M | 534M | 1.0B | 956M | 1.1B | 572.1M |
Pair Trading with Telus Corp
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 Telus Corp 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 Telus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Telus Stock
The ability to find closely correlated positions to Telus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telus Corp 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 Telus Corp - 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 Telus Corp to buy it.
The correlation of Telus Corp 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 Telus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telus 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 Telus Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Telus 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 estimate. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.