Viatris Tangible Book Value Per Share from 2010 to 2024
| VTRS Stock | USD 10.53 0.23 2.14% |
Tangible Book Value Per Share | First Reported 2010-12-31 | Previous Quarter (7.15) | Current Value (7.51) | Quarterly Volatility 8.91365389 |
Check Viatris financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Viatris main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 B, Interest Expense of 603.6 M or Selling General Administrative of 4.5 B, as well as many exotic indicators such as Price To Sales Ratio of 0.8, Dividend Yield of 0.027 or PTB Ratio of 0.6. Viatris financial statements analysis is a perfect complement when working with Viatris Valuation or Volatility modules.
Viatris | Tangible Book Value Per Share |
Latest Viatris' Tangible Book Value Per Share Growth Pattern
Below is the plot of the Tangible Book Value Per Share of Viatris over the last few years. It is Viatris' Tangible Book Value Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Viatris' overall financial position and show how it may be relating to other accounts over time.
| Tangible Book Value Per Share | 10 Years Trend |
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Tangible Book Value Per Share |
| Timeline |
Viatris Tangible Book Value Per Share Regression Statistics
| Arithmetic Mean | (12.95) | |
| Geometric Mean | 8.94 | |
| Coefficient Of Variation | (68.84) | |
| Mean Deviation | 7.46 | |
| Median | (9.87) | |
| Standard Deviation | 8.91 | |
| Sample Variance | 79.45 | |
| Range | 31.924 | |
| R-Value | (0.34) | |
| Mean Square Error | 75.54 | |
| R-Squared | 0.12 | |
| Significance | 0.21 | |
| Slope | (0.68) | |
| Total Sum of Squares | 1,112 |
Viatris Tangible Book Value Per Share History
About Viatris Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Viatris income statement, its balance sheet, and the statement of cash flows. Viatris investors use historical funamental indicators, such as Viatris's Tangible Book Value Per Share, to determine how well the company is positioned to perform in the future. Although Viatris investors may use each financial statement separately, they are all related. The changes in Viatris's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Viatris'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 Viatris Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Viatris. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Tangible Book Value Per Share | (7.15) | (7.51) |
Pair Trading with Viatris
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 Viatris 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 Viatris will appreciate offsetting losses from the drop in the long position's value.Moving against Viatris Stock
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The ability to find closely correlated positions to Viatris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viatris 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 Viatris - 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 Viatris to buy it.
The correlation of Viatris 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 Viatris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viatris 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 Viatris 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 the analysis of Viatris Correlation against competitors. For more information on how to buy Viatris Stock please use our How to Invest in Viatris guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Viatris Stock analysis
When running Viatris' price analysis, check to measure Viatris' 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 Viatris is operating at the current time. Most of Viatris' value examination focuses on studying past and present price action to predict the probability of Viatris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viatris' price. Additionally, you may evaluate how the addition of Viatris to your portfolios can decrease your overall portfolio volatility.
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Is Viatris' 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 Viatris. If investors know Viatris 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 Viatris 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 (0.52) | Dividend Share 0.48 | Earnings Share (0.05) | Revenue Per Share 12.817 | Quarterly Revenue Growth (0.02) |
The market value of Viatris is measured differently than its book value, which is the value of Viatris that is recorded on the company's balance sheet. Investors also form their own opinion of Viatris' value that differs from its market value or its book value, called intrinsic value, which is Viatris' 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 Viatris' market value can be influenced by many factors that don't directly affect Viatris' 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 Viatris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Viatris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viatris' 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.