CybinInc Net Tangible Assets vs Net Invested Capital Analysis
| CYBN Stock | USD 0.35 0.01 2.78% |
CybinInc financial indicator trend analysis is way more than just evaluating CybinInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CybinInc is a good investment. Please check the relationship between CybinInc Net Tangible Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CybinInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in CybinInc Stock, please use our How to Invest in CybinInc guide.
Net Tangible Assets vs Net Invested Capital
Net Tangible Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CybinInc Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CybinInc's Net Tangible Assets and Net Invested Capital is 0.96. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of CybinInc, assuming nothing else is changed. The correlation between historical values of CybinInc's Net Tangible Assets and Net Invested 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 Tangible Assets of CybinInc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., CybinInc's Net Tangible Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from CybinInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CybinInc 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 CybinInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in CybinInc Stock, please use our How to Invest in CybinInc guide.As of the 5th of May 2024, Selling General Administrative is likely to drop to about 25.2 M. In addition to that, Issuance Of Capital Stock is likely to drop to about 11.3 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 241K | 603K | 693.5K | 728.1K | Net Interest Income | 241K | 603K | 693.5K | 728.1K |
CybinInc fundamental ratios Correlations
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CybinInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CybinInc fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.7M | 92.1M | 84.1M | 53.9M | 62.0M | 51.1M | |
| Total Current Liabilities | 263K | 4.9M | 7.9M | 5.7M | 6.5M | 4.1M | |
| Total Stockholder Equity | 1.4M | 86.1M | 76.2M | 48.2M | 55.5M | 46.7M | |
| Net Debt | (1.5M) | (64.0M) | (53.6M) | (16.6M) | (15.0M) | (15.7M) | |
| Retained Earnings | (810K) | (33.0M) | (100.7M) | (148.2M) | (133.3M) | (126.7M) | |
| Cash | 1.5M | 64.0M | 53.6M | 16.6M | 19.1M | 30.0M | |
| Non Current Assets Total | 71K | 25.6M | 25.7M | 30.7M | 35.3M | 18.1M | |
| Cash And Short Term Investments | 1.5M | 64.0M | 53.6M | 16.6M | 19.1M | 30.0M | |
| Common Stock Shares Outstanding | 50.0K | 100.0M | 167.3M | 185.4M | 213.2M | 223.9M | |
| Liabilities And Stockholders Equity | 1.7M | 92.1M | 84.1M | 53.9M | 62.0M | 51.1M | |
| Other Stockholder Equity | 70.9K | 18.4M | 35.7M | 40.3M | 46.3M | 48.6M | |
| Total Liab | 263K | 6.0M | 7.9M | 5.7M | 6.5M | 4.4M | |
| Total Current Assets | 1.6M | 66.5M | 58.4M | 23.2M | 26.7M | 33.0M | |
| Common Stock | 2.2M | 100.7M | 141.5M | 158.2M | 181.9M | 191.0M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CybinInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CybinInc's short interest history, or implied volatility extrapolated from CybinInc options trading.
Pair Trading with CybinInc
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 CybinInc 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 CybinInc will appreciate offsetting losses from the drop in the long position's value.Moving against CybinInc Stock
| 0.69 | RGC | Regencell Bioscience | PairCorr |
| 0.66 | OM | Outset MedicalInc | PairCorr |
The ability to find closely correlated positions to CybinInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CybinInc 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 CybinInc - 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 CybinInc to buy it.
The correlation of CybinInc 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 CybinInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CybinInc 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 CybinInc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CybinInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in CybinInc Stock, please use our How to Invest in CybinInc guide.Note that the CybinInc information on this page should be used as a complementary analysis to other CybinInc's 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for CybinInc Stock analysis
When running CybinInc's price analysis, check to measure CybinInc's 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 CybinInc is operating at the current time. Most of CybinInc's value examination focuses on studying past and present price action to predict the probability of CybinInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CybinInc's price. Additionally, you may evaluate how the addition of CybinInc to your portfolios can decrease your overall portfolio volatility.
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Is CybinInc's 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 CybinInc. If investors know CybinInc 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 CybinInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Return On Assets (0.44) | Return On Equity (0.79) |
The market value of CybinInc is measured differently than its book value, which is the value of CybinInc that is recorded on the company's balance sheet. Investors also form their own opinion of CybinInc's value that differs from its market value or its book value, called intrinsic value, which is CybinInc'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 CybinInc's market value can be influenced by many factors that don't directly affect CybinInc'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 CybinInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if CybinInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CybinInc'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.