Coda Price To Sales Ratio from 2010 to 2024

CODA Stock  USD 6.62  0.03  0.45%   
Coda Octopus' Price To Sales Ratio is increasing over the years with slightly volatile fluctuation. Overall, Price To Sales Ratio is expected to go to 3.59 this year. Price To Sales Ratio is 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. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
3.42
Current Value
3.59
Quarterly Volatility
1.4779677
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Coda Octopus financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Coda main balance sheet or income statement drivers, such as Depreciation And Amortization of 546.9 K, Interest Expense of 0.0 or Selling General Administrative of 5.9 M, as well as many exotic indicators such as Price To Sales Ratio of 3.59, Dividend Yield of 0.0122 or PTB Ratio of 1.66. Coda financial statements analysis is a perfect complement when working with Coda Octopus Valuation or Volatility modules.
  
This module can also supplement various Coda Octopus Technical models . Check out the analysis of Coda Octopus Correlation against competitors.

Latest Coda Octopus' Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Coda Octopus Group over the last few years. Price to Sales Ratio is figured by comparing Coda Octopus Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Coda Octopus sales, a figure that is much harder to manipulate than other Coda Octopus Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is 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. Coda Octopus' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Coda Octopus' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 3.78 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Coda Price To Sales Ratio Regression Statistics

Arithmetic Mean2.36
Geometric Mean1.63
Coefficient Of Variation62.53
Mean Deviation1.30
Median3.12
Standard Deviation1.48
Sample Variance2.18
Range4.0223
R-Value0.73
Mean Square Error1.11
R-Squared0.53
Significance0
Slope0.24
Total Sum of Squares30.58

Coda Price To Sales Ratio History

2024 3.59
2023 3.42
2022 3.8
2021 3.14
2020 4.28
2019 2.96
2018 3.13

About Coda Octopus Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Coda Octopus income statement, its balance sheet, and the statement of cash flows. Coda Octopus investors use historical funamental indicators, such as Coda Octopus's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Coda Octopus investors may use each financial statement separately, they are all related. The changes in Coda Octopus's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Coda Octopus's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Coda Octopus Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Coda Octopus. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price To Sales Ratio 3.42  3.59 

Pair Trading with Coda Octopus

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 Coda Octopus 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 Coda Octopus will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Coda Octopus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coda Octopus 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 Coda Octopus - 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 Coda Octopus Group to buy it.
The correlation of Coda Octopus 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 Coda Octopus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coda Octopus Group 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 Coda Octopus 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 CorrelationCorrelation Matching
When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:
Check out the analysis of Coda Octopus Correlation against competitors.
Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Coda Octopus' price analysis, check to measure Coda Octopus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
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Is Coda Octopus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.53)
Earnings Share
0.21
Revenue Per Share
1.63
Quarterly Revenue Growth
(0.20)
Return On Assets
0.0235
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.