Vox Total Stockholder Equity vs Net Debt Analysis
| VOXR Stock | USD 2.92 0.05 1.68% |
Vox Royalty financial indicator trend analysis is much more than just breaking down Vox Royalty Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vox Royalty Corp is a good investment. Please check the relationship between Vox Royalty Total Stockholder Equity and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vox Royalty 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 interest.
Total Stockholder Equity vs Net Debt
Total Stockholder Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vox Royalty Corp Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Vox Royalty's Total Stockholder Equity and Net Debt is -0.92. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Vox Royalty Corp, assuming nothing else is changed. The correlation between historical values of Vox Royalty's Total Stockholder Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Vox Royalty Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., Vox Royalty's Total Stockholder Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.92 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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.Most indicators from Vox Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vox Royalty 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 Vox Royalty 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 interest. At this time, Vox Royalty's Issuance Of Capital Stock is relatively stable compared to the past year. As of 09/29/2024, Enterprise Value Over EBITDA is likely to grow to 16.22, while Tax Provision is likely to drop slightly above 1.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.1M | 1.9M | 2.6M | 1.3M | Interest Income | 12.6K | 83.0K | 399.0K | 418.9K |
Vox Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Vox Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vox Royalty fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 39.8K | 46.2K | 1.7M | 2.5M | 2.5M | 1.3M | |
| Total Current Liabilities | 1.4M | 226.4K | 1.9M | 3.0M | 2.9M | 2.4M | |
| Other Liab | 21.9K | 1.0M | 4.7M | 3.4M | 3.9M | 2.0M | |
| Net Tangible Assets | 3.2M | 12.2M | 19.2M | 34.1M | 39.2M | 41.1M | |
| Retained Earnings | (8.9M) | (19.1M) | (24.1M) | (24.9M) | (27.0M) | (28.3M) | |
| Other Assets | 961.1K | 1.0M | 2.5K | 818.9K | 1.0 | 0.95 | |
| Net Receivables | 0.0 | 93.3K | 545.5K | 2.0M | 3.5M | 3.7M | |
| Other Stockholder Equity | 12.1M | 29.1M | 1.2M | 3.3M | 3.0M | 2.8M | |
| Total Current Assets | 913.5K | 3.6M | 8.1M | 6.8M | 13.2M | 6.7M | |
| Common Stock | 6.0K | 3.2K | 43.6M | 57.0M | 67.5M | 70.9M | |
| Property Plant Equipment | 2.0M | 8.9M | 17.6M | 32.9M | 37.8M | 39.7M |
Pair Trading with Vox Royalty
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 Vox Royalty 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 Vox Royalty will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vox Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vox Royalty 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 Vox Royalty - 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 Vox Royalty Corp to buy it.
The correlation of Vox Royalty 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 Vox Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vox Royalty 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 Vox Royalty 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 Vox Stock Analysis
When running Vox Royalty's price analysis, check to measure Vox Royalty'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 Vox Royalty is operating at the current time. Most of Vox Royalty's value examination focuses on studying past and present price action to predict the probability of Vox Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vox Royalty's price. Additionally, you may evaluate how the addition of Vox Royalty to your portfolios can decrease your overall portfolio volatility.