Pan Cash And Short Term Investments vs Property Plant And Equipment Net Analysis
PAAS Stock | USD 19.77 0.52 2.56% |
Pan American financial indicator trend analysis is much more than just breaking down Pan American Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pan American Silver is a good investment. Please check the relationship between Pan American Cash And Short Term Investments and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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.
Cash And Short Term Investments vs Property Plant And Equipment Net
Cash And Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pan American Silver Cash And Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pan American's Cash And Short Term Investments and Property Plant And Equipment Net is 0.52. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Pan American Silver, assuming nothing else is changed. The correlation between historical values of Pan American's Cash And Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Pan American Silver are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash And Short Term Investments i.e., Pan American's Cash And Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Pan American Silver balance sheet. This account contains Pan American investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Pan American Silver fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Pan American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pan American Silver 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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, Pan American's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 64.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 133 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 1.3B | 1.4B | 2.0B | 2.1B | Other Operating Expenses | 1.3B | 1.6B | 2.2B | 2.3B |
Pan American fundamental ratios Correlations
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Pan American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pan American fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 201.6M | 210.3M | 210.4M | 210.5M | 326.5M | 342.9M | |
Total Assets | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Other Current Liab | 32.1M | 367K | 351K | 264.7M | 100K | 95K | |
Total Current Liabilities | 271.7M | 361.8M | 387.7M | 380.8M | 624.2M | 655.4M | |
Total Stockholder Equity | 2.5B | 2.6B | 2.6B | 2.2B | 4.8B | 5.0B | |
Property Plant And Equipment Net | 2.5B | 2.4B | 2.3B | 2.2B | 5.7B | 6.0B | |
Net Debt | 195.6M | (133.5M) | (237.7M) | 119.8M | 402M | 422.1M | |
Retained Earnings | (754.7M) | (623.0M) | (598.0M) | (1.0B) | (1.3B) | (1.2B) | |
Accounts Payable | 225.3M | 80.3M | 77.5M | 88.8M | 198.2M | 208.1M | |
Cash | 120.6M | 167.1M | 283.6M | 107.0M | 399.6M | 419.6M | |
Non Current Assets Total | 2.7B | 2.6B | 2.5B | 2.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 42.1M | 28.4M | 35.5M | 35.9M | 67.6M | 71.0M | |
Cash And Short Term Investments | 238.3M | 279.1M | 335.3M | 142.3M | 440.9M | 462.9M | |
Net Receivables | 186.0M | 149.8M | 148.4M | 176.6M | 200.9M | 210.9M | |
Liabilities And Stockholders Equity | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Non Current Liabilities Total | 722.2M | 466.3M | 494.9M | 666.0M | 1.8B | 1.9B | |
Inventory | 346.5M | 406.2M | 500.5M | 471.6M | 711.6M | 747.2M | |
Other Current Assets | 16.8M | 14.1M | 13.0M | 10.9M | 36.6M | 38.4M | |
Other Stockholder Equity | 94.3M | 93.4M | 93.4M | 93.3M | 94M | 89.3M | |
Total Liab | 993.8M | 828.0M | 882.6M | 1.0B | 2.4B | 2.6B | |
Total Current Assets | 788.9M | 856.9M | 1.0B | 804.4M | 1.4B | 1.5B | |
Accumulated Other Comprehensive Income | 208K | (2.7B) | (3.0B) | (3.0M) | (30.3M) | (31.8M) | |
Short Term Investments | 117.8M | 111.9M | 51.7M | 35.3M | 41.3M | 39.2M | |
Short Long Term Debt Total | 316.2M | 33.6M | 45.9M | 226.8M | 801.6M | 841.7M | |
Other Liab | 399.4M | 424.8M | 442.3M | 445.7M | 512.6M | 538.2M | |
Other Assets | 80.5M | 87.6M | 91.4M | 91.7M | 105.5M | 110.8M | |
Short Term Debt | 14.2M | 12.8M | 14.1M | 27.3M | 52.4M | 55.0M | |
Common Stock | 3.1B | 3.1B | 3.1B | 3.1B | 6.0B | 6.3B | |
Property Plant Equipment | 2.5B | 2.4B | 2.3B | 2.2B | 2.6B | 2.7B | |
Common Stock Total Equity | 2.3B | 2.3B | 3.1B | 3.1B | 3.6B | 2.7B | |
Net Tangible Assets | 2.5B | 2.6B | 2.6B | 2.2B | 2.5B | 2.1B | |
Long Term Investments | 70.6M | 84.3M | 71.6M | 78.7M | 123.3M | 0.0 |
Pair Trading with Pan American
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 Pan American 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 Pan American will appreciate offsetting losses from the drop in the long position's value.Moving together with Pan Stock
Moving against Pan Stock
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The ability to find closely correlated positions to Pan American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pan American 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 Pan American - 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 Pan American Silver to buy it.
The correlation of Pan American 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 Pan American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pan American Silver 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 Pan American 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 Pan Stock Analysis
When running Pan American's price analysis, check to measure Pan American'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 Pan American is operating at the current time. Most of Pan American's value examination focuses on studying past and present price action to predict the probability of Pan American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pan American's price. Additionally, you may evaluate how the addition of Pan American to your portfolios can decrease your overall portfolio volatility.