ShaMaran Book Value Per Share vs Price To Sales Ratio Analysis

SNM Stock

CAD 0.09 0.01 12.50%

ShaMaran Petroleum financial indicator trend analysis is much more than just breaking down ShaMaran Petroleum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ShaMaran Petroleum Corp is a good investment. Please check the relationship between ShaMaran Petroleum Book Value Per Share and its Price To Sales Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ShaMaran Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Book Value Per Share vs Price To Sales Ratio

Book Value Per Share vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ShaMaran Petroleum Corp Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between ShaMaran Petroleum's Book Value Per Share and Price To Sales Ratio is -0.04. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of ShaMaran Petroleum Corp, assuming nothing else is changed. The correlation between historical values of ShaMaran Petroleum's Book Value Per Share and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of ShaMaran Petroleum Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Book Value Per Share i.e., ShaMaran Petroleum's Book Value Per Share and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing ShaMaran Petroleum Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on ShaMaran Petroleum sales, a figure that is much harder to manipulate than other ShaMaran Petroleum Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

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

At this time, ShaMaran Petroleum's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 105 K in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	60.1M	87.1M	78.9M	39.9M
Interest Expense	29.5M	36.8M	37.7M	39.6M

Other Operating Expenses Interest Expense

ShaMaran Petroleum fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Term Investments	Non Current Liabilities Total	Non Currrent Assets Other	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.53	0.04	0.61	0.88	0.37	-0.25	-0.36	0.56	0.87	0.56	0.41	0.43	0.19	-0.43	0.57	0.59	0.31	-0.7	0.6	0.63	-0.79	0.31	0.37	0.29	0.22
Other Current Liab	0.53		0.34	0.06	0.36	0.35	-0.31	-0.35	0.14	0.28	0.14	0.49	0.23	0.61	-0.38	0.42	0.6	0.16	-0.35	0.18	0.3	-0.52	0.22	0.39	0.02	-0.12
Total Current Liabilities	0.04	0.34		-0.49	-0.2	0.55	-0.6	-0.13	-0.2	-0.19	-0.2	0.34	0.43	0.66	-0.14	0.49	0.4	0.38	-0.2	-0.34	0.25	-0.25	0.45	0.57	0.28	0.04
Total Stockholder Equity	0.61	0.06	-0.49		0.75	-0.41	0.46	-0.05	0.57	0.74	0.57	-0.24	-0.26	-0.34	-0.11	-0.22	0.02	-0.3	-0.4	0.2	0.39	-0.35	-0.42	-0.39	-0.28	-0.22
Property Plant And Equipment Net	0.88	0.36	-0.2	0.75		0.21	0.01	-0.53	0.37	0.97	0.37	0.14	0.24	-0.15	-0.59	0.32	0.18	0.02	-0.55	0.53	0.73	-0.8	0.11	0.01	0.1	0.07
Net Debt	0.37	0.35	0.55	-0.41	0.21		-0.81	-0.47	-0.22	0.21	-0.22	0.73	0.91	0.42	-0.49	0.93	0.43	0.75	-0.35	0.53	0.35	-0.6	0.93	0.79	0.79	0.65
Retained Earnings	-0.25	-0.31	-0.6	0.46	0.01	-0.81		0.01	0.19	-0.08	0.19	-0.6	-0.86	-0.39	0.05	-0.77	-0.38	-0.64	0.61	-0.31	-0.28	0.46	-0.84	-0.69	-0.64	-0.56
Accounts Payable	-0.36	-0.35	-0.13	-0.05	-0.53	-0.47	0.01		0.08	-0.38	0.08	-0.23	-0.3	-0.11	1.0	-0.4	-0.1	-0.15	-0.1	-0.32	-0.58	0.66	-0.33	-0.23	-0.23	-0.18
Cash	0.56	0.14	-0.2	0.57	0.37	-0.22	0.19	0.08		0.33	1.0	-0.02	-0.11	0.12	0.04	0.13	0.58	0.11	-0.31	0.32	0.19	-0.18	-0.21	0.07	-0.03	-0.04
Non Current Assets Total	0.87	0.28	-0.19	0.74	0.97	0.21	-0.08	-0.38	0.33		0.33	0.12	0.28	-0.24	-0.45	0.31	0.12	0.0	-0.65	0.51	0.72	-0.77	0.14	-0.01	0.1	0.1
Cash And Short Term Investments	0.56	0.14	-0.2	0.57	0.37	-0.22	0.19	0.08	1.0	0.33		-0.02	-0.11	0.12	0.04	0.13	0.58	0.12	-0.31	0.32	0.19	-0.18	-0.21	0.08	-0.03	-0.04
Net Receivables	0.41	0.49	0.34	-0.24	0.14	0.73	-0.6	-0.23	-0.02	0.12	-0.02		0.77	0.45	-0.25	0.78	0.65	0.77	-0.25	0.54	0.0	-0.36	0.81	0.82	0.76	0.71
Common Stock Shares Outstanding	0.43	0.23	0.43	-0.26	0.24	0.91	-0.86	-0.3	-0.11	0.28	-0.11	0.77		0.25	-0.35	0.9	0.41	0.8	-0.53	0.59	0.35	-0.63	0.97	0.78	0.87	0.81
Other Current Assets	0.19	0.61	0.66	-0.34	-0.15	0.42	-0.39	-0.11	0.12	-0.24	0.12	0.45	0.25		-0.11	0.49	0.77	0.46	-0.11	-0.04	-0.01	-0.16	0.3	0.68	0.23	0.05
Other Stockholder Equity	-0.43	-0.38	-0.14	-0.11	-0.59	-0.49	0.05	1.0	0.04	-0.45	0.04	-0.25	-0.35	-0.11		-0.44	-0.14	-0.18	-0.01	-0.35	-0.63	0.73	-0.36	-0.25	-0.26	-0.21
Total Liab	0.57	0.42	0.49	-0.22	0.32	0.93	-0.77	-0.4	0.13	0.31	0.13	0.78	0.9	0.49	-0.44		0.67	0.84	-0.48	0.65	0.39	-0.66	0.89	0.86	0.82	0.67
Total Current Assets	0.59	0.6	0.4	0.02	0.18	0.43	-0.38	-0.1	0.58	0.12	0.58	0.65	0.41	0.77	-0.14	0.67		0.65	-0.34	0.38	0.1	-0.34	0.4	0.77	0.44	0.31
Inventory	0.31	0.16	0.38	-0.3	0.02	0.75	-0.64	-0.15	0.11	0.0	0.12	0.77	0.8	0.46	-0.18	0.84	0.65		-0.27	0.56	0.06	-0.33	0.81	0.9	0.94	0.77
Short Term Investments	-0.7	-0.35	-0.2	-0.4	-0.55	-0.35	0.61	-0.1	-0.31	-0.65	-0.31	-0.25	-0.53	-0.11	-0.01	-0.48	-0.34	-0.27		-0.34	-0.59	0.68	-0.35	-0.25	-0.26	-0.21
Non Current Liabilities Total	0.6	0.18	-0.34	0.2	0.53	0.53	-0.31	-0.32	0.32	0.51	0.32	0.54	0.59	-0.04	-0.35	0.65	0.38	0.56	-0.34		0.21	-0.5	0.56	0.43	0.62	0.67
Non Currrent Assets Other	0.63	0.3	0.25	0.39	0.73	0.35	-0.28	-0.58	0.19	0.72	0.19	0.0	0.35	-0.01	-0.63	0.39	0.1	0.06	-0.59	0.21		-0.86	0.24	0.1	0.17	0.05
Intangible Assets	-0.79	-0.52	-0.25	-0.35	-0.8	-0.6	0.46	0.66	-0.18	-0.77	-0.18	-0.36	-0.63	-0.16	0.73	-0.66	-0.34	-0.33	0.68	-0.5	-0.86		-0.52	-0.37	-0.39	-0.3
Common Stock	0.31	0.22	0.45	-0.42	0.11	0.93	-0.84	-0.33	-0.21	0.14	-0.21	0.81	0.97	0.3	-0.36	0.89	0.4	0.81	-0.35	0.56	0.24	-0.52		0.82	0.88	0.84
Short Long Term Debt Total	0.37	0.39	0.57	-0.39	0.01	0.79	-0.69	-0.23	0.07	-0.01	0.08	0.82	0.78	0.68	-0.25	0.86	0.77	0.9	-0.25	0.43	0.1	-0.37	0.82		0.8	0.66
Other Liab	0.29	0.02	0.28	-0.28	0.1	0.79	-0.64	-0.23	-0.03	0.1	-0.03	0.76	0.87	0.23	-0.26	0.82	0.44	0.94	-0.26	0.62	0.17	-0.39	0.88	0.8		0.89
Net Tangible Assets	0.22	-0.12	0.04	-0.22	0.07	0.65	-0.56	-0.18	-0.04	0.1	-0.04	0.71	0.81	0.05	-0.21	0.67	0.31	0.77	-0.21	0.67	0.05	-0.3	0.84	0.66	0.89

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ShaMaran Petroleum Account Relationship Matchups

ShaMaran Petroleum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	369.0M	243.4M	368.5M	498.7M	450.4M	290.3M
Other Current Liab	19.5M	14.2M	26.1M	24.7M	146K	138.7K
Total Current Liabilities	35.3M	203.3M	307.5M	48.2M	71.7M	52.9M
Total Stockholder Equity	142.1M	3.7M	18.5M	163.7M	139.4M	148.8M
Property Plant And Equipment Net	275.8M	146.2M	139.0M	302.6M	302.2M	205.4M
Net Debt	189.8M	190.9M	259.2M	206.0M	225.1M	236.4M
Retained Earnings	(502.8M)	(647.6M)	(633.9M)	(517.2M)	(544.0M)	(516.8M)
Accounts Payable	663K	528K	418K	904K	921K	875.0K
Cash	50K	17.0M	43.6M	69.3M	48.9M	42.2M
Non Current Assets Total	297.2M	196.3M	139.1M	302.6M	337.7M	225.5M
Cash And Short Term Investments	50K	17.0M	43.6M	69.3M	48.9M	43.9M
Net Receivables	56.0M	18.1M	48.6M	89.8M	38.9M	40.9M
Common Stock Shares Outstanding	2.4B	2.4B	2.3B	2.7B	2.9B	3.1B
Liabilities And Stockholders Equity	369.0M	243.4M	368.5M	498.7M	450.4M	290.3M
Other Current Assets	357K	571K	128.1M	37.1M	2.1M	2.0M
Other Stockholder Equity	7.2M	8.8M	9.4M	10.6M	12.0M	11.4M
Total Liab	226.9M	239.7M	349.9M	335.0M	311.0M	326.5M
Total Current Assets	71.8M	47.1M	229.4M	196.1M	112.7M	75.5M
Accumulated Other Comprehensive Income	17K	4.1M	2.5M	21K	205K	194.8K
Non Current Liabilities Total	191.6M	36.4M	42.4M	286.8M	239.3M	251.2M
Non Currrent Assets Other	25.2M	21.4M	49.9M	35.5M	40.8M	35.0M
Intangible Assets	4K	33K	70K	37K	33.3K	31.6K
Common Stock	637.7M	638.4M	640.5M	670.3M	671.1M	672.8M
Short Long Term Debt Total	189.8M	207.8M	302.8M	275.3M	274.0M	228.0M
Other Liab	16.8M	17.2M	20.6M	34.1M	39.2M	41.2M
Net Tangible Assets	74.5M	3.6M	18.5M	163.7M	188.2M	197.6M
Long Term Debt	174.5M	19.2M	21.7M	252.6M	210.5M	167.6M
Property Plant Equipment	208.2M	146.2M	139.0M	302.6M	348.0M	365.4M
Other Assets	44.7M	25.2M	21.4M	49.9M	44.9M	30.0M
Net Invested Capital	331.7M	211.3M	321.3M	438.8M	413.4M	384.2M
Net Working Capital	36.4M	(156.2M)	(78.1M)	147.9M	41.0M	43.1M
Capital Stock	637.7M	638.4M	640.5M	670.3M	671.1M	714.2M

Pair Trading with ShaMaran Petroleum

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 ShaMaran Petroleum 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 ShaMaran Petroleum will appreciate offsetting losses from the drop in the long position's value.

Moving together with ShaMaran Stock

0.8	ENB-PFC	Enbridge Pref 11	Pair Corr
0.61	ENS-PA	E Split Corp	Pair Corr

Moving against ShaMaran Stock

0.57

FLOW

Flow Beverage Corp

Pair Corr

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

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

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ShaMaran Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for ShaMaran Stock analysis

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

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Please note, there is a significant difference between ShaMaran Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if ShaMaran Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ShaMaran Petroleum'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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ShaMaran Book Value Per Share vs Price To Sales Ratio Analysis

Book Value Per Share vs Price To Sales Ratio

Book Value Per Share vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Book Value Per Share

Price To Sales Ratio

ShaMaran Petroleum fundamental ratios Correlations

ShaMaran Petroleum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ShaMaran Petroleum fundamental ratios Accounts

Pair Trading with ShaMaran Petroleum

Moving together with ShaMaran Stock

Moving against ShaMaran Stock

Complementary Tools for ShaMaran Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Common Stock	+ 0.97	Common Stock Shares Outstanding
Other Liab	+ 0.94	Inventory
Total Liab	+ 0.93	Net Debt

Intangible Assets	- 0.86	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Common Stock	- 0.84	Retained Earnings
Retained Earnings	- 0.81	Net Debt
Intangible Assets	- 0.8	Property Plant And Equipment Net
Intangible Assets	- 0.79	Total Assets