Vitalhub Pb Ratio vs Average Payables Analysis

VHI Stock

10.80 0.10 0.93%

Vitalhub Corp financial indicator trend analysis is much more than just breaking down Vitalhub Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vitalhub Corp is a good investment. Please check the relationship between Vitalhub Corp Pb Ratio and its Average Payables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vitalhub 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 board of governors.

Pb Ratio vs Average Payables

Pb Ratio vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vitalhub Corp Pb Ratio account and Average Payables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Vitalhub Corp's Pb Ratio and Average Payables is 0.11. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Vitalhub Corp, assuming nothing else is changed. The correlation between historical values of Vitalhub Corp's Pb Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Vitalhub Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Pb Ratio i.e., Vitalhub Corp's Pb Ratio and Average Payables go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Pb Ratio

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from Vitalhub Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vitalhub 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 Vitalhub 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 board of governors.

At this time, Vitalhub Corp's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 817.2 K, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	19.4M	32.9M	37.8M	39.7M
Total Revenue	24.7M	40.0M	52.5M	55.1M

Gross Profit Total Revenue

Vitalhub Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Other Assets	Non Current Liabilities Total	Long Term Debt	Long Term Debt Total
Total Assets		-0.73	0.88	0.97	1.0	0.81	-0.96	-0.01	0.88	0.96	1.0	0.96	0.97	0.99	0.74	0.99	0.98	0.98	0.99	-0.6	0.99	0.98	0.65	0.94	-0.22	0.16
Short Long Term Debt Total	-0.73		-0.72	-0.63	-0.75	-0.64	0.78	-0.25	-0.71	-0.72	-0.72	-0.72	-0.69	-0.74	-0.54	-0.71	-0.69	-0.65	-0.74	0.91	-0.75	-0.68	-0.9	-0.65	0.01	-0.28
Other Current Liab	0.88	-0.72		0.91	0.86	0.72	-0.85	0.08	0.77	0.83	0.88	0.83	0.86	0.88	0.65	0.88	0.85	0.9	0.87	-0.63	0.88	0.86	0.62	0.85	-0.11	0.22
Total Current Liabilities	0.97	-0.63	0.91		0.95	0.7	-0.92	0.06	0.78	0.93	0.97	0.93	0.95	0.95	0.68	0.97	0.95	1.0	0.96	-0.47	0.95	0.99	0.51	0.95	-0.28	0.06
Total Stockholder Equity	1.0	-0.75	0.86	0.95		0.83	-0.96	-0.04	0.9	0.96	0.99	0.96	0.96	0.99	0.75	0.98	0.98	0.96	0.98	-0.63	1.0	0.97	0.68	0.92	-0.21	0.17
Property Plant And Equipment Net	0.81	-0.64	0.72	0.7	0.83		-0.74	-0.34	0.96	0.71	0.83	0.71	0.77	0.85	0.76	0.79	0.82	0.71	0.75	-0.65	0.86	0.7	0.69	0.66	-0.07	0.32
Net Debt	-0.96	0.78	-0.85	-0.92	-0.96	-0.74		-0.1	-0.82	-0.99	-0.93	-0.99	-0.86	-0.94	-0.62	-0.92	-0.92	-0.92	-0.99	0.64	-0.95	-0.94	-0.67	-0.87	0.22	-0.14
Retained Earnings	-0.01	-0.25	0.08	0.06	-0.04	-0.34	-0.1		-0.25	0.1	-0.05	0.1	-0.04	-0.06	-0.41	0.02	-0.02	0.08	0.07	-0.21	-0.1	0.12	0.19	0.15	0.17	0.11
Accounts Payable	0.88	-0.71	0.77	0.78	0.9	0.96	-0.82	-0.25		0.78	0.89	0.78	0.85	0.91	0.77	0.87	0.88	0.79	0.83	-0.71	0.91	0.79	0.75	0.78	-0.02	0.34
Cash	0.96	-0.72	0.83	0.93	0.96	0.71	-0.99	0.1	0.78		0.93	1.0	0.86	0.93	0.6	0.92	0.92	0.93	0.99	-0.58	0.94	0.95	0.62	0.87	-0.24	0.13
Non Current Assets Total	1.0	-0.72	0.88	0.97	0.99	0.83	-0.93	-0.05	0.89	0.93		0.93	0.98	0.99	0.77	0.99	0.99	0.97	0.97	-0.6	0.99	0.97	0.65	0.95	-0.21	0.17
Cash And Short Term Investments	0.96	-0.72	0.83	0.93	0.96	0.71	-0.99	0.1	0.78	1.0	0.93		0.86	0.93	0.6	0.92	0.92	0.93	0.99	-0.58	0.94	0.95	0.62	0.87	-0.24	0.13
Net Receivables	0.97	-0.69	0.86	0.95	0.96	0.77	-0.86	-0.04	0.85	0.86	0.98	0.86		0.96	0.8	0.99	0.97	0.96	0.92	-0.58	0.95	0.95	0.63	0.96	-0.16	0.17
Common Stock Shares Outstanding	0.99	-0.74	0.88	0.95	0.99	0.85	-0.94	-0.06	0.91	0.93	0.99	0.93	0.96		0.73	0.98	0.99	0.96	0.97	-0.65	0.99	0.96	0.7	0.93	-0.15	0.23
Inventory	0.74	-0.54	0.65	0.68	0.75	0.76	-0.62	-0.41	0.77	0.6	0.77	0.6	0.8	0.73		0.77	0.69	0.68	0.67	-0.44	0.78	0.66	0.46	0.64	-0.28	0.0
Other Current Assets	0.99	-0.71	0.88	0.97	0.98	0.79	-0.92	0.02	0.87	0.92	0.99	0.92	0.99	0.98	0.77		0.98	0.98	0.96	-0.6	0.97	0.98	0.65	0.97	-0.16	0.2
Other Stockholder Equity	0.98	-0.69	0.85	0.95	0.98	0.82	-0.92	-0.02	0.88	0.92	0.99	0.92	0.97	0.99	0.69	0.98		0.96	0.96	-0.6	0.97	0.97	0.66	0.95	-0.15	0.23
Total Liab	0.98	-0.65	0.9	1.0	0.96	0.71	-0.92	0.08	0.79	0.93	0.97	0.93	0.96	0.96	0.68	0.98	0.96		0.96	-0.51	0.95	0.99	0.56	0.97	-0.22	0.12
Total Current Assets	0.99	-0.74	0.87	0.96	0.98	0.75	-0.99	0.07	0.83	0.99	0.97	0.99	0.92	0.97	0.67	0.96	0.96	0.96		-0.6	0.97	0.97	0.64	0.92	-0.23	0.14
Short Term Debt	-0.6	0.91	-0.63	-0.47	-0.63	-0.65	0.64	-0.21	-0.71	-0.58	-0.6	-0.58	-0.58	-0.65	-0.44	-0.6	-0.6	-0.51	-0.6		-0.63	-0.52	-0.99	-0.58	-0.38	-0.64
Common Stock	0.99	-0.75	0.88	0.95	1.0	0.86	-0.95	-0.1	0.91	0.94	0.99	0.94	0.95	0.99	0.78	0.97	0.97	0.95	0.97	-0.63		0.95	0.67	0.91	-0.22	0.17
Current Deferred Revenue	0.98	-0.68	0.86	0.99	0.97	0.7	-0.94	0.12	0.79	0.95	0.97	0.95	0.95	0.96	0.66	0.98	0.97	0.99	0.97	-0.52	0.95		0.57	0.97	-0.25	0.09
Other Assets	0.65	-0.9	0.62	0.51	0.68	0.69	-0.67	0.19	0.75	0.62	0.65	0.62	0.63	0.7	0.46	0.65	0.66	0.56	0.64	-0.99	0.67	0.57		0.63	0.38	0.66
Non Current Liabilities Total	0.94	-0.65	0.85	0.95	0.92	0.66	-0.87	0.15	0.78	0.87	0.95	0.87	0.96	0.93	0.64	0.97	0.95	0.97	0.92	-0.58	0.91	0.97	0.63		-0.04	0.26
Long Term Debt	-0.22	0.01	-0.11	-0.28	-0.21	-0.07	0.22	0.17	-0.02	-0.24	-0.21	-0.24	-0.16	-0.15	-0.28	-0.16	-0.15	-0.22	-0.23	-0.38	-0.22	-0.25	0.38	-0.04		0.9
Long Term Debt Total	0.16	-0.28	0.22	0.06	0.17	0.32	-0.14	0.11	0.34	0.13	0.17	0.13	0.17	0.23	0.0	0.2	0.23	0.12	0.14	-0.64	0.17	0.09	0.66	0.26	0.9

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Vitalhub Corp Account Relationship Matchups

Vitalhub Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.1M	64.1M	72.8M	106.2M	118.8M	124.7M
Short Long Term Debt Total	2.5M	987.9K	792.5K	882.2K	541.1K	514.0K
Other Current Liab	1.6M	4.3M	4.3M	6.7M	7.3M	7.7M
Total Current Liabilities	5.6M	12.1M	14.7M	23.8M	29.1M	30.5M
Total Stockholder Equity	16.7M	50.3M	54.8M	75.4M	81.9M	86.0M
Property Plant And Equipment Net	1.1M	1.3M	1.2M	1.4M	1.1M	723.6K
Net Debt	481.0K	(22.4M)	(15.6M)	(16.6M)	(32.9M)	(31.3M)
Retained Earnings	(5.5M)	(7.7M)	(9.7M)	(8.4M)	(3.4M)	(3.6M)
Accounts Payable	1.2M	1.5M	1.8M	2.1M	2.0M	1.1M
Cash	2.0M	23.4M	16.4M	17.5M	33.5M	35.2M
Non Current Assets Total	20.1M	36.7M	50.1M	75.6M	74.9M	78.6M
Cash And Short Term Investments	2.0M	23.4M	16.4M	17.5M	33.5M	35.2M
Net Receivables	1.8M	3.2M	5.6M	11.4M	9.3M	9.8M
Common Stock Shares Outstanding	16.1M	26.2M	36.4M	42.6M	46.6M	48.9M
Liabilities And Stockholders Equity	24.1M	64.1M	72.8M	106.2M	118.8M	124.7M
Other Current Assets	243.0K	434.7K	472.7K	998.5K	964.6K	1.0M
Other Stockholder Equity	1.9M	2.3M	3.5M	4.6M	5.2M	5.5M
Total Liab	7.5M	13.8M	17.9M	30.8M	36.9M	38.7M
Total Current Assets	4.0M	27.4M	22.6M	30.6M	43.9M	46.1M
Accumulated Other Comprehensive Income	1.8K	29.8K	(138.3K)	(444.6K)	5.4M	5.7M
Short Term Debt	625.6K	247.1K	270.9K	372.5K	410.2K	389.7K
Common Stock	20.4M	55.7M	61.1M	79.7M	80.0M	84.0M
Current Deferred Revenue	2.2M	6.1M	8.3M	14.6M	19.3M	20.3M
Non Current Liabilities Total	1.9M	1.7M	3.2M	7.0M	7.8M	8.2M
Long Term Debt Total	1.9M	740.8K	521.7K	509.7K	458.8K	853.4K
Cash And Equivalents	4.5M	2.8M	2.0M	23.4M	26.9M	28.2M
Property Plant Equipment	1.1M	1.3M	1.2M	1.4M	1.6M	856.7K
Net Tangible Assets	(2.2M)	14.9M	5.9M	1.2M	1.4M	1.3M
Good Will	11.3M	20.9M	29.3M	43.3M	44.9M	24.7M
Net Invested Capital	18.3M	50.4M	54.9M	75.4M	81.9M	47.1M
Short Long Term Debt	370.5K	418.2K	42.4K	29.2K	26.2K	24.9K
Net Working Capital	(1.6M)	15.3M	7.9M	6.7M	14.8M	15.6M
Intangible Assets	7.7M	14.5M	19.6M	30.8M	28.9M	17.2M
Non Currrent Assets Other	(1.9M)	(2.6M)	(2.5M)	(1.9M)	28.9M	30.4M
Capital Stock	20.4M	55.7M	61.1M	79.7M	80.0M	56.9M

Pair Trading with Vitalhub 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 Vitalhub 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 Vitalhub Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Vitalhub Stock

0.78	JPM	JPMorgan Chase	Pair Corr
0.87	BOFA	Bank of America	Pair Corr
0.83	RY-PM	Royal Bank Earnings Call Next Week	Pair Corr
0.85	RY-PS	Royal Bank Earnings Call Next Week	Pair Corr

The ability to find closely correlated positions to Vitalhub 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 Vitalhub 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 Vitalhub 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 Vitalhub Corp to buy it.

The correlation of Vitalhub 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 Vitalhub Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vitalhub 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 Vitalhub 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.

Pair Correlation Correlation Matching

Other Information on Investing in Vitalhub Stock

Balance Sheet is a snapshot of the financial position of Vitalhub Corp at a specified time, usually calculated after every quarter, six months, or one year. Vitalhub Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Vitalhub Corp 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 Vitalhub currently owns. An asset can also be divided into two categories, current and non-current.

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Vitalhub Pb Ratio vs Average Payables Analysis

Pb Ratio vs Average Payables

Pb Ratio vs Average Payables Correlation Analysis

Correlation Coefficient

Pb Ratio

Average Payables

Vitalhub Corp fundamental ratios Correlations

Vitalhub Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Vitalhub Corp fundamental ratios Accounts

Pair Trading with Vitalhub Corp

Moving together with Vitalhub Stock

Other Information on Investing in Vitalhub Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Common Stock Shares Outstanding	+ 0.99	Total Assets

Other Assets	- 0.99	Short Term Debt
Total Current Assets	- 0.99	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Net Debt	- 0.96	Total Stockholder Equity
Net Debt	- 0.96	Total Assets