PennantPark Ptb Ratio from 2010 to 2024
| PFLT Stock | USD 11.38 0.02 0.18% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 0.75 | Current Value 0.66 | Quarterly Volatility 0.14583059 |
Check PennantPark Floating financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PennantPark Floating's main balance sheet or income statement drivers, such as Interest Expense of 46.1 M, Selling General Administrative of 3.4 M or Total Revenue of 32.6 M, as well as many indicators such as Price To Sales Ratio of 10.49, Dividend Yield of 0.0738 or PTB Ratio of 0.66. PennantPark financial statements analysis is a perfect complement when working with PennantPark Floating Valuation or Volatility modules.
PennantPark | Ptb Ratio |
Latest PennantPark Floating's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of PennantPark Floating Rate over the last few years. It is 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. PennantPark Floating's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PennantPark Floating's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
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Ptb Ratio |
| Timeline |
PennantPark Ptb Ratio Regression Statistics
| Arithmetic Mean | 0.81 | |
| Geometric Mean | 0.80 | |
| Coefficient Of Variation | 17.89 | |
| Mean Deviation | 0.12 | |
| Median | 0.83 | |
| Standard Deviation | 0.15 | |
| Sample Variance | 0.02 | |
| Range | 0.4892 | |
| R-Value | (0.09) | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.01 | |
| Significance | 0.75 | |
| Slope | (0) | |
| Total Sum of Squares | 0.30 |
PennantPark Ptb Ratio History
About PennantPark Floating Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include PennantPark Floating income statement, its balance sheet, and the statement of cash flows. PennantPark Floating investors use historical funamental indicators, such as PennantPark Floating's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although PennantPark Floating investors may use each financial statement separately, they are all related. The changes in PennantPark Floating's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PennantPark Floating's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on PennantPark Floating Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PennantPark Floating. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 0.75 | 0.66 |
Pair Trading with PennantPark Floating
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 PennantPark Floating 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 PennantPark Floating will appreciate offsetting losses from the drop in the long position's value.Moving against PennantPark Stock
| 0.73 | BEN | Franklin Resources Fiscal Year End 29th of October 2024 | PairCorr |
| 0.59 | CG | Carlyle Group | PairCorr |
| 0.54 | BAM | Brookfield Asset Man | PairCorr |
| 0.45 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.43 | BLK | BlackRock Financial Report 12th of July 2024 | PairCorr |
The ability to find closely correlated positions to PennantPark Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennantPark Floating 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 PennantPark Floating - 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 PennantPark Floating Rate to buy it.
The correlation of PennantPark Floating 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 PennantPark Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennantPark Floating Rate 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 PennantPark Floating 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 PennantPark Stock Analysis
When running PennantPark Floating's price analysis, check to measure PennantPark Floating'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 PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.