Vecima Ptb Ratio vs Capex To Operating Cash Flow Analysis

VCM Stock  CAD 22.07  0.08  0.36%   
Vecima Networks financial indicator trend analysis is much more than just breaking down Vecima Networks prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vecima Networks is a good investment. Please check the relationship between Vecima Networks Ptb Ratio and its Capex To Operating Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vecima Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ptb Ratio vs Capex To Operating Cash Flow

Ptb Ratio vs Capex To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vecima Networks Ptb Ratio account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Vecima Networks' Ptb Ratio and Capex To Operating Cash Flow is -0.05. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of Vecima Networks, assuming nothing else is changed. The correlation between historical values of Vecima Networks' Ptb Ratio and Capex To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Vecima Networks are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Ptb Ratio i.e., Vecima Networks' Ptb Ratio and Capex To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Capex To Operating Cash Flow

Most indicators from Vecima Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vecima Networks 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vecima Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 16th of September 2024, Selling General Administrative is likely to grow to about 38.6 M. Also, Discontinued Operations is likely to grow to about 2.3 M
 2021 2022 2023 2024 (projected)
Gross Profit90.0M142.0M163.3M171.4M
Total Revenue186.8M303.4M349.0M366.4M

Vecima Networks fundamental ratios Correlations

0.880.730.75-0.360.68-0.40.80.73-0.450.910.950.340.91-0.20.930.670.890.74-0.190.90.880.920.170.840.87
0.880.420.93-0.590.63-0.680.50.92-0.250.980.880.210.99-0.050.950.331.00.54-0.290.930.990.990.140.980.73
0.730.420.31-0.030.630.070.910.21-0.490.470.670.330.46-0.320.530.980.430.850.020.50.420.480.020.380.67
0.750.930.31-0.830.54-0.60.360.86-0.240.890.810.070.89-0.10.840.240.930.39-0.220.820.930.91-0.040.920.57
-0.36-0.59-0.03-0.83-0.210.29-0.05-0.540.15-0.5-0.50.25-0.510.18-0.430.0-0.580.010.02-0.42-0.6-0.530.35-0.61-0.17
0.680.630.630.54-0.21-0.590.530.62-0.240.690.510.550.69-0.280.730.560.630.88-0.620.730.570.670.280.570.8
-0.4-0.680.07-0.60.29-0.59-0.01-0.8-0.21-0.69-0.3-0.34-0.69-0.29-0.640.2-0.68-0.340.71-0.71-0.64-0.65-0.39-0.63-0.42
0.80.50.910.36-0.050.53-0.010.28-0.450.550.770.280.53-0.040.570.850.510.73-0.020.60.550.550.140.460.6
0.730.920.210.86-0.540.62-0.80.28-0.160.940.70.440.940.010.910.140.910.48-0.370.890.890.910.360.850.66
-0.45-0.25-0.49-0.240.15-0.24-0.21-0.45-0.16-0.29-0.4-0.26-0.290.47-0.38-0.63-0.23-0.43-0.18-0.12-0.23-0.31-0.05-0.23-0.47
0.910.980.470.89-0.50.69-0.690.550.94-0.290.880.381.0-0.060.990.390.980.63-0.330.960.970.990.270.940.8
0.950.880.670.81-0.50.51-0.30.770.7-0.40.880.160.87-0.10.860.610.880.57-0.020.850.90.890.060.860.7
0.340.210.330.070.250.55-0.340.280.44-0.260.380.160.34-0.040.450.340.20.6-0.290.420.160.280.830.040.52
0.910.990.460.89-0.510.69-0.690.530.94-0.291.00.870.34-0.080.990.380.990.62-0.330.960.971.00.250.950.8
-0.2-0.05-0.32-0.10.18-0.28-0.29-0.040.010.47-0.06-0.1-0.04-0.08-0.18-0.46-0.04-0.32-0.130.040.05-0.110.35-0.08-0.48
0.930.950.530.84-0.430.73-0.640.570.91-0.380.990.860.450.99-0.180.470.950.7-0.310.940.920.980.30.90.87
0.670.330.980.240.00.560.20.850.14-0.630.390.610.340.38-0.460.470.330.820.110.380.320.41-0.020.30.66
0.891.00.430.93-0.580.63-0.680.510.91-0.230.980.880.20.99-0.040.950.330.55-0.310.940.990.990.130.980.73
0.740.540.850.390.010.88-0.340.730.48-0.430.630.570.60.62-0.320.70.820.55-0.350.650.50.610.260.480.86
-0.19-0.290.02-0.220.02-0.620.71-0.02-0.37-0.18-0.33-0.02-0.29-0.33-0.13-0.310.11-0.31-0.35-0.4-0.26-0.28-0.25-0.26-0.36
0.90.930.50.82-0.420.73-0.710.60.89-0.120.960.850.420.960.040.940.380.940.65-0.40.920.940.340.870.77
0.880.990.420.93-0.60.57-0.640.550.89-0.230.970.90.160.970.050.920.320.990.5-0.260.920.980.120.970.66
0.920.990.480.91-0.530.67-0.650.550.91-0.310.990.890.281.0-0.110.980.410.990.61-0.280.940.980.180.960.79
0.170.140.02-0.040.350.28-0.390.140.36-0.050.270.060.830.250.350.3-0.020.130.26-0.250.340.120.18-0.010.23
0.840.980.380.92-0.610.57-0.630.460.85-0.230.940.860.040.95-0.080.90.30.980.48-0.260.870.970.96-0.010.68
0.870.730.670.57-0.170.8-0.420.60.66-0.470.80.70.520.8-0.480.870.660.730.86-0.360.770.660.790.230.68
Click cells to compare fundamentals

Vecima Networks Account Relationship Matchups

Vecima Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets210.3M214.7M262.6M331.7M381.4M400.5M
Short Long Term Debt Total6.3M5.7M16.9M36.9M42.4M44.6M
Total Stockholder Equity179.8M174.9M179.7M217.7M250.3M147.4M
Net Debt(11.0M)(23.2M)4.0M34.6M31.2M32.7M
Cash17.4M28.9M12.9M2.3M2.6M2.5M
Other Assets78.3M88.0M92.7M108.5M124.8M65.0M
Cash And Short Term Investments34.5M28.9M12.9M2.3M2.6M2.5M
Common Stock Shares Outstanding22.4M22.7M23.1M23.7M27.3M23.8M
Liabilities And Stockholders Equity210.3M214.7M262.6M331.7M381.4M400.5M
Non Current Liabilities Total6.2M6.9M20.0M19.2M22.1M23.2M
Other Stockholder Equity5.9M2.3M2.9M2.7M2.5M2.3M
Total Liab30.5M39.8M82.9M114.0M131.1M137.7M
Total Current Assets79.7M77.7M121.5M178.5M205.2M215.5M
Other Current Liab11.1M17.9M27.6M9.8M11.3M8.2M
Total Current Liabilities24.4M32.9M62.9M94.8M109.0M114.5M
Property Plant And Equipment Net15.8M17.5M19.1M18.0M16.2M18.1M
Current Deferred Revenue5.0M7.1M12.1M15.1M17.3M18.2M
Retained Earnings170.7M165.3M168.9M190.9M219.6M134.3M
Accounts Payable6.6M6.2M21.4M47.2M54.2M56.9M
Non Current Assets Total130.6M137.0M141.1M153.2M176.2M95.3M
Non Currrent Assets Other1.3M1.3M1.4M1.3M1.2M1.1M
Net Receivables25.8M29.7M51.7M60.9M70.0M73.5M
Inventory17.2M15.6M49.6M101.6M116.8M122.7M
Other Current Assets2.1M3.5M7.3M13.7M15.7M16.5M
Property Plant And Equipment Gross15.8M51.4M55.6M18.0M20.8M28.8M
Short Term Debt1.7M1.6M1.8M22.8M26.2M27.5M
Accumulated Other Comprehensive Income5.9M2.3M2.9M2.7M3.1M3.3M
Intangible Assets69.2M72.2M75.9M83.0M95.4M100.2M
Good Will15.5M14.5M14.8M15.0M17.3M18.2M
Common Stock3.2M7.3M7.9M24.0M27.6M29.0M
Other Liab1.5M2.8M4.8M5.1M5.9M6.2M
Net Tangible Assets143.2M143.4M150.5M191.0M219.6M168.2M
Long Term Debt1.5M4.1M15.1M12.9M14.8M15.5M
Deferred Long Term Liab48.1M55.3M61.5M71.4M82.1M42.5M
Short Long Term Debt1.7M1.6M1.8M22.8M26.2M27.5M
Property Plant Equipment15.8M17.5M19.1M18.0M16.2M13.3M
Long Term Debt Total4.6M4.1M15.1M14.1M16.2M17.1M

Pair Trading with Vecima Networks

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 Vecima Networks 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 Vecima Networks will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Vecima Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vecima Networks 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 Vecima Networks - 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 Vecima Networks to buy it.
The correlation of Vecima Networks 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 Vecima Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vecima Networks 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 Vecima Networks 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

Other Information on Investing in Vecima Stock

Balance Sheet is a snapshot of the financial position of Vecima Networks at a specified time, usually calculated after every quarter, six months, or one year. Vecima Networks Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Vecima Networks and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Vecima currently owns. An asset can also be divided into two categories, current and non-current.