Vizsla Book Value Per Share vs Pb Ratio Analysis
| VZLA Stock | CAD 2.42 0.08 3.42% |
Vizsla Resources financial indicator trend analysis is much more than just breaking down Vizsla Resources Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vizsla Resources Corp is a good investment. Please check the relationship between Vizsla Resources Book Value Per Share and its Pb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vizsla Resources Corp. 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.
Book Value Per Share vs Pb Ratio
Book Value Per Share vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vizsla Resources Corp Book Value Per Share account and Pb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Vizsla Resources' Book Value Per Share and Pb Ratio is 0.23. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Vizsla Resources Corp, assuming nothing else is changed. The correlation between historical values of Vizsla Resources' Book Value Per Share and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Vizsla Resources Corp are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Book Value Per Share i.e., Vizsla Resources' Book Value Per Share and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Pb Ratio
Most indicators from Vizsla Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vizsla Resources Corp 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 Vizsla Resources Corp. 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, Vizsla Resources' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 295.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 20.7M | 13.8M | 15.8M | 10.9M | Cost Of Revenue | 62.3K | 269.2K | 309.6K | 325.0K |
Vizsla Resources fundamental ratios Correlations
Click cells to compare fundamentals
Vizsla Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vizsla Resources fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 9.6M | 39.5M | 165.9M | 238.6M | 274.4M | 288.1M | |
| Total Current Liabilities | 142.9K | 1.3M | 10.1M | 6.5M | 7.4M | 7.8M | |
| Total Stockholder Equity | 9.5M | 38.2M | 155.8M | 232.1M | 267.0M | 280.3M | |
| Net Tangible Assets | 1.5M | 9.5M | 38.2M | 155.8M | 179.2M | 188.1M | |
| Property Plant And Equipment Net | 6.7M | 18.6M | 119.1M | 163.1M | 187.6M | 197.0M | |
| Net Debt | (2.6M) | (19.4M) | (30.5M) | (12.6M) | (11.3M) | (11.9M) | |
| Retained Earnings | (5.1M) | (16.2M) | (31.5M) | (45.1M) | (40.6M) | (38.6M) | |
| Accounts Payable | 117.7K | 1.3M | 10.1M | 6.2M | 7.1M | 7.5M | |
| Cash | 2.6M | 19.4M | 30.5M | 12.6M | 14.5M | 12.0M | |
| Non Current Assets Total | 6.7M | 18.6M | 119.1M | 164.6M | 189.3M | 198.7M | |
| Cash And Short Term Investments | 2.6M | 19.4M | 30.5M | 52.7M | 60.6M | 63.7M | |
| Net Receivables | 262.9K | 1.4M | 13.5M | 18.3M | 21.0M | 22.1M | |
| Common Stock Shares Outstanding | 39.1M | 84.9M | 138.1M | 172.2M | 198.0M | 207.9M | |
| Liabilities And Stockholders Equity | 9.6M | 39.5M | 165.9M | 238.6M | 274.4M | 288.1M | |
| Other Current Assets | 106.3K | 116.1K | 2.9M | 3.0M | 3.5M | 3.6M | |
| Total Liab | 142.9K | 1.3M | 10.1M | 6.5M | 7.4M | 7.8M | |
| Net Invested Capital | 9.5M | 38.2M | 155.8M | 232.1M | 267.0M | 280.3M | |
| Total Current Assets | 3.0M | 20.9M | 46.8M | 74.0M | 85.1M | 89.4M | |
| Net Working Capital | 2.8M | 19.6M | 36.7M | 67.6M | 77.7M | 81.6M | |
| Common Stock | 12.2M | 46.0M | 164.0M | 237.5M | 273.1M | 286.7M | |
| Property Plant Equipment | 1.4M | 6.7M | 18.6M | 119.1M | 137.0M | 143.8M | |
| Accumulated Other Comprehensive Income | 2.1M | 8.2M | 23.3M | 39.8M | 45.8M | 48.0M | |
| Capital Stock | 12.2M | 46.0M | 164.0M | 237.5M | 273.1M | 286.7M |
Pair Trading with Vizsla Resources
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 Vizsla Resources 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 Vizsla Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Vizsla Stock
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Moving against Vizsla Stock
The ability to find closely correlated positions to Vizsla Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vizsla Resources 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 Vizsla Resources - 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 Vizsla Resources Corp to buy it.
The correlation of Vizsla Resources 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 Vizsla Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vizsla Resources Corp 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 Vizsla Resources 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 Tools for Vizsla Stock Analysis
When running Vizsla Resources' price analysis, check to measure Vizsla Resources' 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 Vizsla Resources is operating at the current time. Most of Vizsla Resources' value examination focuses on studying past and present price action to predict the probability of Vizsla Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vizsla Resources' price. Additionally, you may evaluate how the addition of Vizsla Resources to your portfolios can decrease your overall portfolio volatility.