BYND Net Debt vs Net Working Capital Analysis
| BCAN Stock | USD 8.00 0.03 0.37% |
BYND Cannasoft financial indicator trend analysis is way more than just evaluating BYND Cannasoft Enter prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BYND Cannasoft Enter is a good investment. Please check the relationship between BYND Cannasoft Net Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Net Debt vs Net Working Capital
Net Debt vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BYND Cannasoft Enter Net Debt account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between BYND Cannasoft's Net Debt and Net Working Capital is 0.82. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of BYND Cannasoft Enterprises, assuming nothing else is changed. The correlation between historical values of BYND Cannasoft's Net Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of BYND Cannasoft Enterprises are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Debt i.e., BYND Cannasoft's Net Debt and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Net Working Capital
Most indicators from BYND Cannasoft's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BYND Cannasoft Enter 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, BYND Cannasoft's Selling General Administrative is very stable compared to the past year. As of the 22nd of September 2024, Sales General And Administrative To Revenue is likely to grow to 4.61, while Tax Provision is likely to drop about 18.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 55.9K | 33.1K | 93.4K | 53.7K | Income Tax Expense | 35.4K | 6.3K | 28.2K | 33.7K |
BYND Cannasoft fundamental ratios Correlations
Click cells to compare fundamentals
BYND Cannasoft Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BYND Cannasoft fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 244.9K | 258.7K | 74.7K | 151.2K | 550.9K | 578.4K | |
| Total Current Liabilities | 626.1K | 898.5K | 259.9K | 458.3K | 887.0K | 625.7K | |
| Retained Earnings | (15.4K) | (273.6K) | (5.2M) | (6.8M) | (25.3M) | (24.0M) | |
| Accounts Payable | 147.9K | 346.5K | 105.9K | 40.2K | 157.7K | 119.9K | |
| Net Receivables | 206.3K | 238.6K | 135.3K | 137.3K | 137.4K | 145.9K | |
| Other Current Assets | 96.5K | 2.3K | 40.2K | 1.1M | 95.7K | 90.9K | |
| Other Stockholder Equity | 0.0 | 1.0 | 1.3M | 1.3M | 764.8K | 603.4K | |
| Total Current Assets | 603.7K | 803.9K | 5.7M | 3.4M | 3.3M | 2.7M |
Pair Trading with BYND Cannasoft
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 BYND Cannasoft 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 BYND Cannasoft will appreciate offsetting losses from the drop in the long position's value.Moving together with BYND Stock
Moving against BYND Stock
| 0.85 | VMEO | Vimeo Inc Potential Growth | PairCorr |
| 0.83 | AMSWA | American Software | PairCorr |
| 0.76 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.72 | DJCO | Daily Journal Corp | PairCorr |
| 0.61 | ZM | Zoom Video Communications | PairCorr |
The ability to find closely correlated positions to BYND Cannasoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYND Cannasoft 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 BYND Cannasoft - 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 BYND Cannasoft Enterprises to buy it.
The correlation of BYND Cannasoft 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 BYND Cannasoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYND Cannasoft Enter 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 BYND Cannasoft 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.Additional Information and Resources on Investing in BYND Stock
When determining whether BYND Cannasoft Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BYND Cannasoft's 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 Bynd Cannasoft Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bynd Cannasoft Enterprises Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Application Software space 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 BYND Cannasoft. If investors know BYND 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 BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -1.1 K | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft's 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 BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft's 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 BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft's 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.