Ynvisible Non Currrent Assets Other vs Retained Earnings Analysis
YNV Stock | CAD 0.12 0.01 9.09% |
Ynvisible Interactive financial indicator trend analysis is more than just analyzing Ynvisible Interactive current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ynvisible Interactive is a good investment. Please check the relationship between Ynvisible Interactive Non Currrent Assets Other and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ynvisible Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Retained Earnings
Non Currrent Assets Other vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ynvisible Interactive Non Currrent Assets Other account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ynvisible Interactive's Non Currrent Assets Other and Retained Earnings is 0.78. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ynvisible Interactive, assuming nothing else is changed. The correlation between historical values of Ynvisible Interactive's Non Currrent Assets Other and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Ynvisible Interactive are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., Ynvisible Interactive's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Ynvisible Interactive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ynvisible Interactive 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ynvisible Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Enterprise Value is likely to climb to about 4.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 366.0K | 401.2K | 425.2K | 336.9K | Reconciled Depreciation | 702.6K | 627.4K | 609.1K | 470.9K |
Ynvisible Interactive fundamental ratios Correlations
Click cells to compare fundamentals
Ynvisible Interactive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ynvisible Interactive fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.5M | 6.0M | 20.2M | 15.1M | 10.7M | 8.4M | |
Other Current Liab | 95.9K | 1.0M | 864.9K | 426.5K | 490.4K | 661.2K | |
Total Current Liabilities | 1.8M | 2.1M | 2.0M | 1.5M | 1.5M | 1.8M | |
Total Stockholder Equity | 4.0M | 3.6M | 18.1M | 13.6M | 9.0M | 6.7M | |
Net Tangible Assets | (2.1M) | 230.7K | 3.7M | 3.1M | 3.5M | 3.7M | |
Retained Earnings | (13.0M) | (16.6M) | (22.4M) | (27.0M) | (31.1M) | (29.5M) | |
Accounts Payable | 514.8K | 578.5K | 1.2M | 1.1M | 1.2M | 776.0K | |
Cash | 2.1M | 1.8M | 16.1M | 11.8M | 7.4M | 5.6M | |
Non Current Assets Total | 3.6M | 3.6M | 2.7M | 2.3M | 2.0M | 2.1M | |
Other Assets | 637.0 | 15.1K | 24.8K | 17.6K | 15.8K | 15.0K | |
Net Receivables | 601.2K | 466.3K | 1.1M | 769.2K | 808.9K | 638.0K | |
Non Current Liabilities Total | 711.2K | 399.9K | 72.6K | 9.3K | 164.7K | 188.5K | |
Total Liab | 2.5M | 2.5M | 2.1M | 1.5M | 1.7M | 1.7M | |
Total Current Assets | 2.9M | 2.4M | 17.4M | 12.8M | 8.7M | 6.4M | |
Common Stock | 2.2M | 8.9M | 15.0M | 17.6M | 20.2M | 21.2M | |
Property Plant Equipment | 4.7K | 487.8K | 3.4M | 3.1M | 3.5M | 3.7M | |
Common Stock Shares Outstanding | 73.3M | 82.9M | 124.7M | 124.7M | 143.4M | 92.4M | |
Net Invested Capital | 4.0M | 3.6M | 18.1M | 13.6M | 9.0M | 7.4M | |
Net Working Capital | 1.1M | 371.9K | 15.4M | 11.3M | 7.2M | 5.3M | |
Intangible Assets | 198.2K | 424.4K | 316.2K | 244.3K | 177.4K | 232.2K | |
Capital Stock | 15.0M | 17.6M | 37.5M | 37.5M | 43.2M | 28.2M |
Pair Trading with Ynvisible Interactive
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 Ynvisible Interactive 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 Ynvisible Interactive will appreciate offsetting losses from the drop in the long position's value.Moving together with Ynvisible Stock
0.67 | CEF | Sprott Physical Gold | PairCorr |
Moving against Ynvisible Stock
0.87 | PVF-UN | Partners Value Inves | PairCorr |
0.71 | CSOC-A | Canso Select Opportu | PairCorr |
0.64 | HFPC-U | Helios Fairfax Partners | PairCorr |
The ability to find closely correlated positions to Ynvisible Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ynvisible Interactive 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 Ynvisible Interactive - 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 Ynvisible Interactive to buy it.
The correlation of Ynvisible Interactive 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 Ynvisible Interactive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ynvisible Interactive 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 Ynvisible Interactive 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ynvisible Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Ynvisible Interactive's price analysis, check to measure Ynvisible Interactive'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 Ynvisible Interactive is operating at the current time. Most of Ynvisible Interactive's value examination focuses on studying past and present price action to predict the probability of Ynvisible Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ynvisible Interactive's price. Additionally, you may evaluate how the addition of Ynvisible Interactive to your portfolios can decrease your overall portfolio volatility.
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