Urbana Days Payables Outstanding vs Price To Sales Ratio Analysis
URB Stock | CAD 5.55 0.08 1.42% |
Urbana financial indicator trend analysis is much more than just breaking down Urbana prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Urbana is a good investment. Please check the relationship between Urbana Days Payables Outstanding and its Price To Sales Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urbana. 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.
Days Payables Outstanding vs Price To Sales Ratio
Days Payables Outstanding vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Urbana Days Payables Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between Urbana's Days Payables Outstanding and Price To Sales Ratio is 0.03. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Urbana, assuming nothing else is changed. The correlation between historical values of Urbana's Days Payables Outstanding 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 Days Payables Outstanding of Urbana 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 Days Payables Outstanding i.e., Urbana's Days Payables Outstanding and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Days Payables Outstanding
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Urbana stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Urbana sales, a figure that is much harder to manipulate than other Urbana 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 Urbana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Urbana 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 Urbana. 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, Urbana's Tax Provision is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value Over EBITDA is likely to grow to 2.64, while Selling General Administrative is likely to drop about 1.6 M.
2021 | 2022 | 2023 (projected) | Research Development | 4.35 | 1.62 | 5.25 | Interest Income | 362.0K | 503.5K | 490.1K |
Urbana fundamental ratios Correlations
Click cells to compare fundamentals
Urbana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Urbana fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 290.7M | 288.3M | 348.1M | 367.1M | 450.6M | 473.2M | |
Total Stockholder Equity | 253.5M | 249.2M | 301.1M | 309.6M | 374.6M | 393.3M | |
Net Debt | 21.0M | 22.1M | 23.3M | 31.7M | (341.4K) | (324.4K) | |
Retained Earnings | 64.4M | 73.6M | 129.6M | 144.2M | 209.2M | 219.6M | |
Cash | 875.1K | 732.5K | 387.1K | 268.6K | 341.4K | 324.4K | |
Non Current Assets Total | 289.6M | 287.2M | 347.2M | 364.2M | 444.2M | 466.4M | |
Non Currrent Assets Other | (290.7M) | (288.3M) | (348.1M) | (367.1M) | (444.2M) | (422.0M) | |
Cash And Short Term Investments | 875.1K | 732.5K | 387.1K | 268.6K | 341.4K | 324.4K | |
Common Stock Shares Outstanding | 49.9M | 47.9M | 43.9M | 42.1M | 41.4M | 42.6M | |
Liabilities And Stockholders Equity | 290.7M | 288.3M | 348.1M | 367.1M | 450.6M | 473.2M | |
Other Current Assets | (1.1M) | (1.1M) | (920.1K) | (3.0M) | (6.4M) | (6.1M) | |
Other Stockholder Equity | (186.8M) | (180.5M) | (362.6M) | (387.1M) | 66.6M | 70.0M | |
Total Current Assets | 1.1M | 1.1M | 920.1K | 3.0M | 6.4M | 6.1M | |
Short Term Debt | 21.9M | 22.8M | 23.7M | 32M | 42.7M | 27.5M | |
Total Current Liabilities | 1.3M | 1.5M | 695.6K | 175.3K | 258.2K | 245.3K | |
Accounts Payable | 1.2M | 1.5M | 57.3K | 175.3K | 258.2K | 245.3K | |
Net Receivables | 240.5K | 387.2K | 533.0K | 2.7M | 6.1M | 6.4M | |
Total Liab | 37.2M | 39.2M | 47.0M | 57.5M | 76.1M | 79.9M | |
Accumulated Other Comprehensive Income | 253.5M | 249.2M | 301.1M | 309.6M | 374.6M | 393.3M | |
Other Current Liab | (1.2M) | (1.5M) | (57.3K) | (175.3K) | (258.2K) | (245.3K) | |
Non Current Liabilities Total | 21.9M | 22.8M | 23.7M | 32M | 42.7M | 44.8M | |
Common Stock | 122.4M | 106.9M | 103.4M | 98.8M | 88.9M | 101.5M | |
Other Liab | 13.7M | 14.6M | 22.3M | 24.4M | 28.0M | 29.4M | |
Net Tangible Assets | 253.5M | 249.2M | 301.1M | 309.6M | 356.0M | 266.7M | |
Long Term Investments | 289.6M | 287.2M | 347.2M | 364.2M | 444.2M | 313.1M | |
Capital Surpluse | 66.7M | 68.7M | 68.2M | 66.6M | 76.6M | 73.9M | |
Cash And Equivalents | 875.1K | 732.5K | 387.1K | 268.6K | 241.7K | 229.6K | |
Net Invested Capital | 275.4M | 272.0M | 324.8M | 341.6M | 417.3M | 328.5M | |
Capital Stock | 122.4M | 106.9M | 103.4M | 98.8M | 88.9M | 87.2M |
Pair Trading with Urbana
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 Urbana 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 Urbana will appreciate offsetting losses from the drop in the long position's value.Moving against Urbana Stock
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0.56 | EOG | Eco Atlantic Oil | PairCorr |
The ability to find closely correlated positions to Urbana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Urbana 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 Urbana - 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 Urbana to buy it.
The correlation of Urbana 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 Urbana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urbana 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 Urbana 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 Urbana Stock
Balance Sheet is a snapshot of the financial position of Urbana at a specified time, usually calculated after every quarter, six months, or one year. Urbana Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Urbana 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 Urbana currently owns. An asset can also be divided into two categories, current and non-current.