PennyMac Total Assets vs Net Receivables Analysis

PMT Stock

USD 14.95 0.09 0.60%

PennyMac Mortgage financial indicator trend analysis is much more than just breaking down PennyMac Mortgage prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PennyMac Mortgage is a good investment. Please check the relationship between PennyMac Mortgage Total Assets and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennyMac Mortgage Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PennyMac Mortgage Total Assets account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between PennyMac Mortgage's Total Assets and Net Receivables is -0.07. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of PennyMac Mortgage Investment, assuming nothing else is changed. The correlation between historical values of PennyMac Mortgage's Total Assets and Net Receivables 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 Assets of PennyMac Mortgage Investment are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., PennyMac Mortgage's Total Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Assets

Total assets refers to the total amount of PennyMac Mortgage assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in PennyMac Mortgage books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Receivables

Most indicators from PennyMac Mortgage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PennyMac Mortgage 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 PennyMac Mortgage Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Tax Provision is likely to gain to about 49.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5 M in 2024.

	2021	2022	2023	2024 (projected)
Income Before Tax	44.7M	63.1M	244.4M	135.2M
Cost Of Revenue	190.1M	77.6M	147.1M	108.2M

Income Before Tax Cost Of Revenue

PennyMac Mortgage fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Current Liabilities Total
Total Assets		-0.15	0.41	0.9	0.06	0.4	-0.67	0.52	0.72	0.73	-0.8	0.59	0.49	-0.07	0.91	0.87	0.4	0.4	-0.46	0.92	1.0	0.47	0.87	0.59	-0.1	0.68
Other Current Liab	-0.15		0.78	-0.32	0.09	0.78	-0.5	0.65	-0.58	0.49	-0.41	-0.54	-0.29	-0.53	-0.16	-0.14	-0.06	-0.36	0.3	-0.26	-0.12	-0.35	-0.28	0.64	0.44	0.19
Total Current Liabilities	0.41	0.78		0.17	0.03	0.92	-0.9	0.89	-0.11	0.87	-0.84	-0.12	-0.1	-0.46	0.32	0.33	0.3	-0.02	-0.09	0.25	0.44	-0.17	0.21	0.9	0.34	0.64
Total Stockholder Equity	0.9	-0.32	0.17		0.19	0.24	-0.39	0.4	0.75	0.56	-0.6	0.69	0.55	0.12	0.94	0.91	0.16	0.51	-0.48	0.98	0.87	0.53	0.98	0.42	-0.4	0.5
Other Liab	0.06	0.09	0.03	0.19		0.16	-0.03	0.09	-0.21	0.08	-0.01	0.05	-0.13	-0.25	0.27	0.22	0.19	0.14	0.11	0.23	0.04	-0.13	0.27	0.11	-0.1	0.19
Net Debt	0.4	0.78	0.92	0.24	0.16		-0.84	0.95	-0.17	0.87	-0.83	-0.06	-0.07	-0.45	0.36	0.4	0.21	0.12	-0.15	0.3	0.42	-0.15	0.26	0.97	0.25	0.55
Retained Earnings	-0.67	-0.5	-0.9	-0.39	-0.03	-0.84		-0.83	-0.19	-0.94	0.94	-0.1	-0.09	0.47	-0.49	-0.5	-0.5	-0.16	0.26	-0.45	-0.7	-0.02	-0.39	-0.9	-0.38	-0.75
Accounts Payable	0.52	0.65	0.89	0.4	0.09	0.95	-0.83		0.02	0.9	-0.87	0.08	0.05	-0.33	0.5	0.55	0.19	0.24	-0.3	0.46	0.53	-0.04	0.43	0.97	0.13	0.57
Cash	0.72	-0.58	-0.11	0.75	-0.21	-0.17	-0.19	0.02		0.28	-0.36	0.54	0.81	0.02	0.59	0.53	0.26	0.28	-0.32	0.69	0.71	0.82	0.66	0.08	-0.06	0.12
Non Current Assets Total	0.73	0.49	0.87	0.56	0.08	0.87	-0.94	0.9	0.28		-0.97	0.13	0.26	-0.44	0.63	0.62	0.41	0.23	-0.24	0.61	0.75	0.18	0.56	0.95	0.22	0.7
Non Currrent Assets Other	-0.8	-0.41	-0.84	-0.6	-0.01	-0.83	0.94	-0.87	-0.36	-0.97		-0.28	-0.23	0.4	-0.65	-0.64	-0.43	-0.28	0.4	-0.63	-0.81	-0.17	-0.57	-0.92	-0.18	-0.68
Other Assets	0.59	-0.54	-0.12	0.69	0.05	-0.06	-0.1	0.08	0.54	0.13	-0.28		0.14	0.49	0.55	0.63	0.03	0.54	-0.74	0.65	0.56	0.12	0.65	0.07	-0.58	0.26
Cash And Short Term Investments	0.49	-0.29	-0.1	0.55	-0.13	-0.07	-0.09	0.05	0.81	0.26	-0.23	0.14		-0.2	0.4	0.31	0.08	-0.11	0.18	0.5	0.47	0.99	0.48	0.13	0.2	-0.13
Net Receivables	-0.07	-0.53	-0.46	0.12	-0.25	-0.45	0.47	-0.33	0.02	-0.44	0.4	0.49	-0.2		0.07	0.23	-0.38	0.26	-0.32	0.12	-0.1	-0.18	0.16	-0.46	-0.67	0.01
Common Stock Total Equity	0.91	-0.16	0.32	0.94	0.27	0.36	-0.49	0.5	0.59	0.63	-0.65	0.55	0.4	0.07		0.95	0.23	0.47	-0.41	0.97	0.89	0.39	0.96	0.51	-0.33	0.68
Common Stock Shares Outstanding	0.87	-0.14	0.33	0.91	0.22	0.4	-0.5	0.55	0.53	0.62	-0.64	0.63	0.31	0.23	0.95		0.18	0.51	-0.52	0.94	0.85	0.29	0.93	0.52	-0.34	0.7
Short Term Investments	0.4	-0.06	0.3	0.16	0.19	0.21	-0.5	0.19	0.26	0.41	-0.43	0.03	0.08	-0.38	0.23	0.18		0.32	-0.13	0.23	0.43	0.11	0.17	0.28	0.4	0.43
Inventory	0.4	-0.36	-0.02	0.51	0.14	0.12	-0.16	0.24	0.28	0.23	-0.28	0.54	-0.11	0.26	0.47	0.51	0.32		-0.77	0.51	0.37	-0.1	0.51	0.2	-0.49	0.28
Other Current Assets	-0.46	0.3	-0.09	-0.48	0.11	-0.15	0.26	-0.3	-0.32	-0.24	0.4	-0.74	0.18	-0.32	-0.41	-0.52	-0.13	-0.77		-0.45	-0.45	0.21	-0.43	-0.23	0.5	-0.32
Other Stockholder Equity	0.92	-0.26	0.25	0.98	0.23	0.3	-0.45	0.46	0.69	0.61	-0.63	0.65	0.5	0.12	0.97	0.94	0.23	0.51	-0.45		0.89	0.48	0.99	0.47	-0.36	0.6
Total Liab	1.0	-0.12	0.44	0.87	0.04	0.42	-0.7	0.53	0.71	0.75	-0.81	0.56	0.47	-0.1	0.89	0.85	0.43	0.37	-0.45	0.89		0.46	0.84	0.6	-0.05	0.7
Total Current Assets	0.47	-0.35	-0.17	0.53	-0.13	-0.15	-0.02	-0.04	0.82	0.18	-0.17	0.12	0.99	-0.18	0.39	0.29	0.11	-0.1	0.21	0.48	0.46		0.46	0.05	0.19	-0.16
Common Stock	0.87	-0.28	0.21	0.98	0.27	0.26	-0.39	0.43	0.66	0.56	-0.57	0.65	0.48	0.16	0.96	0.93	0.17	0.51	-0.43	0.99	0.84	0.46		0.42	-0.42	0.57
Short Long Term Debt Total	0.59	0.64	0.9	0.42	0.11	0.97	-0.9	0.97	0.08	0.95	-0.92	0.07	0.13	-0.46	0.51	0.52	0.28	0.2	-0.23	0.47	0.6	0.05	0.42		0.25	0.58
Current Deferred Revenue	-0.1	0.44	0.34	-0.4	-0.1	0.25	-0.38	0.13	-0.06	0.22	-0.18	-0.58	0.2	-0.67	-0.33	-0.34	0.4	-0.49	0.5	-0.36	-0.05	0.19	-0.42	0.25		-0.05
Non Current Liabilities Total	0.68	0.19	0.64	0.5	0.19	0.55	-0.75	0.57	0.12	0.7	-0.68	0.26	-0.13	0.01	0.68	0.7	0.43	0.28	-0.32	0.6	0.7	-0.16	0.57	0.58	-0.05

Click cells to compare fundamentals

PennyMac Mortgage Account Relationship Matchups

PennyMac Mortgage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.8B	11.5B	13.8B	13.9B	13.1B	7.6B
Other Current Liab	(91.1M)	(124.8M)	(96.2M)	(8.4M)	190.0M	199.5M
Total Current Liabilities	91.1M	124.8M	96.2M	3.0B	3.7B	3.9B
Total Stockholder Equity	2.5B	2.3B	2.4B	2.0B	2.0B	1.6B
Other Liab	7.6M	21.9M	80.3M	39.5M	45.4M	38.3M
Net Debt	309.3M	(583.6M)	2.7B	3.3B	10.2B	10.7B
Retained Earnings	22.3M	(100.7M)	(256.7M)	(526.8M)	(508.7M)	(483.3M)
Accounts Payable	91.1M	124.8M	96.2M	160.2M	387.7M	407.0M
Cash	2.1B	2.9B	1.8B	1.4B	281.1M	267.0M
Non Current Assets Total	4.6B	4.1B	5.7B	8.7B	10.6B	11.1B
Non Currrent Assets Other	(4.6B)	(4.1B)	(5.7B)	(8.7B)	(10.1B)	(9.6B)
Other Assets	4.8B	4.3B	6.1B	4.8B	2.1B	3.9B
Cash And Short Term Investments	2.2B	3.0B	1.9B	364.1M	409.4M	802.9M
Net Receivables	181.3M	139.9M	16.0M	66.9M	56K	53.2K
Common Stock Total Equity	613K	610K	1.0M	979K	1.1M	666.1K
Common Stock Shares Outstanding	87.7M	99.4M	97.4M	91.4M	111.7M	76.9M
Short Term Investments	90.8M	127.3M	168.0M	252.3M	128.3M	108.1M
Liabilities And Stockholders Equity	11.8B	11.5B	13.8B	13.9B	13.1B	7.6B
Other Current Assets	(263.2M)	(221.9M)	(257.3M)	(438.8M)	(409.5M)	(389.0M)
Other Stockholder Equity	2.1B	2.1B	2.1B	1.9B	1.9B	1.5B
Total Liab	9.3B	9.2B	11.4B	12.0B	11.2B	6.0B
Total Current Assets	2.3B	3.1B	1.9B	364.1M	409.4M	389.0M
Common Stock	1.0M	979K	949K	889K	866K	731.2K
Short Long Term Debt Total	2.4B	2.3B	4.5B	4.8B	10.5B	11.0B
Current Deferred Revenue	(6.9B)	(1.8B)	(2.4B)	(2.5B)	(2.3B)	(2.4B)
Non Current Liabilities Total	2.4B	2.3B	4.5B	9.0B	7.5B	3.8B
Short Term Debt	7.0B	1.9B	2.5B	2.8B	5.6B	3.0B
Long Term Debt	2.4B	2.1B	4.5B	4.8B	4.8B	5.1B
Intangible Assets	1.5B	1.8B	2.9B	4.0B	3.9B	4.1B
Net Tangible Assets	2.2B	2.0B	1.8B	1.4B	1.6B	1.7B
Long Term Debt Total	2.4B	2.3B	4.5B	4.8B	5.5B	5.8B
Capital Surpluse	2.1B	2.1B	2.1B	1.9B	2.2B	1.8B
Long Term Investments	378.9M	127.3M	2.8B	4.7B	5.0B	2.5B
Net Invested Capital	4.5B	4.3B	6.3B	6.2B	6.3B	5.0B
Capital Stock	300.7M	300.7M	542.4M	542.4M	542.3M	463.6M

Pair Trading with PennyMac Mortgage

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 PennyMac Mortgage 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 PennyMac Mortgage will appreciate offsetting losses from the drop in the long position's value.

Moving together with PennyMac Stock

0.68

DHIL

Diamond Hill Investment

Pair Corr

Moving against PennyMac Stock

0.5	PT	Pintec Technology	Pair Corr
0.49	QD	Qudian Inc	Pair Corr

The ability to find closely correlated positions to PennyMac Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennyMac Mortgage 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 PennyMac Mortgage - 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 PennyMac Mortgage Investment to buy it.

The correlation of PennyMac Mortgage 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 PennyMac Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennyMac Mortgage 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 PennyMac Mortgage 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.

Pair Correlation Correlation Matching

When determining whether PennyMac Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennyMac Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennymac Mortgage Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennymac Mortgage Investment Stock:

How To Invest In PennyMac

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Is PennyMac Stock a good investment?

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What is PennyMac Mortgage's Net Worth?

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Largest Trading Companies

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Top Sectors

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennyMac Mortgage Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for PennyMac Stock analysis

When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.

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Is PennyMac Mortgage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PennyMac Mortgage. If investors know PennyMac will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PennyMac Mortgage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.21)

Dividend Share

1.6

Earnings Share

1.52

Revenue Per Share

6.915

Quarterly Revenue Growth

(0.55)

The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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PennyMac Total Assets vs Net Receivables Analysis

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Assets

Net Receivables

PennyMac Mortgage fundamental ratios Correlations

PennyMac Mortgage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PennyMac Mortgage fundamental ratios Accounts

Pair Trading with PennyMac Mortgage

Moving together with PennyMac Stock

Moving against PennyMac Stock

Complementary Tools for PennyMac Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 0.99	Cash And Short Term Investments
Common Stock	+ 0.99	Other Stockholder Equity
Other Stockholder Equity	+ 0.98	Total Stockholder Equity
Common Stock	+ 0.98	Total Stockholder Equity
Short Long Term Debt Total	+ 0.97	Net Debt

Non Currrent Assets Other	- 0.97	Non Current Assets Total
Non Current Assets Total	- 0.94	Retained Earnings
Short Long Term Debt Total	- 0.92	Non Currrent Assets Other
Short Long Term Debt Total	- 0.9	Retained Earnings
Retained Earnings	- 0.9	Total Current Liabilities
Non Currrent Assets Other	- 0.87	Accounts Payable