PennantPark Total Current Assets vs Common Stock Total Equity Analysis
PFLT Stock | USD 11.36 0.03 0.26% |
PennantPark Floating financial indicator trend analysis is much more than just breaking down PennantPark Floating Rate prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PennantPark Floating Rate is a good investment. Please check the relationship between PennantPark Floating Total Current Assets and its Common Stock Total Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Floating Rate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Current Assets vs Common Stock Total Equity
Total Current Assets vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PennantPark Floating Rate Total Current Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between PennantPark Floating's Total Current Assets and Common Stock Total Equity is 0.72. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of PennantPark Floating Rate, assuming nothing else is changed. The correlation between historical values of PennantPark Floating's Total Current Assets and Common Stock Total Equity 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 Current Assets of PennantPark Floating Rate are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Current Assets i.e., PennantPark Floating's Total Current Assets and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from PennantPark Floating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PennantPark Floating Rate 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 PennantPark Floating Rate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, PennantPark Floating's Issuance Of Capital Stock is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.10 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.6M | 42.2M | 48.5M | 32.5M | Total Revenue | 11.6M | 42.2M | 48.5M | 32.6M |
PennantPark Floating fundamental ratios Correlations
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PennantPark Floating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PennantPark Floating fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 824.7M | |
Short Long Term Debt Total | 653.2M | 652.6M | 672.8M | 495.4M | 569.7M | 374.9M | |
Other Current Liab | (11.1M) | (22.7M) | (12.5M) | (19.5M) | (17.6M) | (16.7M) | |
Total Current Liabilities | 11.1M | 22.7M | 217.4M | 19.5M | 22.5M | 21.3M | |
Total Stockholder Equity | 477.3M | 490.6M | 527.1M | 653.6M | 751.6M | 423.6M | |
Net Debt | 595.7M | 602.8M | 624.9M | 395.4M | 454.8M | 333.5M | |
Retained Earnings | (60.9M) | (48.2M) | (91.0M) | (111.6M) | (100.5M) | (95.5M) | |
Accounts Payable | 11.1M | 22.7M | 12.5M | 19.5M | 22.5M | 19.7M | |
Cash | 57.5M | 49.8M | 47.9M | 100.0M | 115.0M | 120.7M | |
Non Current Assets Total | 1.1B | 1.1B | 1.2B | 1.1B | 1.2B | 772.7M | |
Cash And Short Term Investments | 57.5M | 49.8M | 47.9M | 100.0M | 115.0M | 120.7M | |
Net Receivables | 3.7M | 39.4M | 11.0M | 11.0M | 12.6M | 10.0M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 824.7M | |
Non Current Liabilities Total | 653.2M | 652.6M | 523.0M | 495.4M | 569.7M | 309.9M | |
Other Current Assets | (112.9M) | (141.3M) | (58.9M) | (111.5M) | (100.4M) | (95.4M) | |
Other Stockholder Equity | 538.2M | 538.8M | 618.0M | 765.2M | 880.0M | 450.1M | |
Total Liab | 671.0M | 680.2M | 696.8M | 525.4M | 604.3M | 401.1M | |
Total Current Assets | 61.2M | 89.2M | 33.7M | 111.0M | 127.6M | 134.0M | |
Net Tangible Assets | 477.3M | 490.6M | 527.1M | 653.6M | 751.6M | 507.0M | |
Long Term Investments | 1.1B | 1.1B | 1.2B | 1.1B | 1.2B | 938.5M | |
Short Term Debt | 129.3B | 208.3B | 217.4M | 259.3M | 298.2M | 283.3M | |
Non Currrent Assets Other | (1.1B) | (1.1B) | (1.2B) | (1.1B) | (960.5M) | (912.4M) | |
Net Invested Capital | 1.1B | 1.1B | 1.2B | 1.1B | 1.3B | 1.2B | |
Current Deferred Revenue | (135.2B) | (129.3B) | (208.3B) | (239.7M) | (275.7M) | (289.5M) |
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
0.72 | BEN | Franklin Resources Fiscal Year End 29th of October 2024 | PairCorr |
0.58 | CG | Carlyle Group | PairCorr |
0.54 | BAM | Brookfield Asset Man | PairCorr |
0.45 | V | Visa Class A Sell-off Trend | 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.