Performant Interest Expense from 2010 to 2024
| PFMT Stock | USD 2.97 0.09 2.94% |
Interest Expense | First Reported 2011-03-31 | Previous Quarter 785 K | Current Value 186 K | Quarterly Volatility 1.1 M |
Check Performant Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Performant Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.4 M, Interest Expense of 1.9 M or Selling General Administrative of 96.1 M, as well as many indicators such as Price To Sales Ratio of 1.69, Dividend Yield of 0.0 or PTB Ratio of 3.1. Performant financial statements analysis is a perfect complement when working with Performant Financial Valuation or Volatility modules.
Performant | Interest Expense |
Latest Performant Financial's Interest Expense Growth Pattern
Below is the plot of the Interest Expense of Performant Financial over the last few years. It is the cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit. Performant Financial's Interest Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Performant Financial's overall financial position and show how it may be relating to other accounts over time.
| Interest Expense | 10 Years Trend |
|
Interest Expense |
| Timeline |
Performant Interest Expense Regression Statistics
| Arithmetic Mean | 8,156,753 | |
| Geometric Mean | 6,510,512 | |
| Coefficient Of Variation | 53.50 | |
| Mean Deviation | 3,468,497 | |
| Median | 7,897,000 | |
| Standard Deviation | 4,363,873 | |
| Sample Variance | 19T | |
| Range | 14.2M | |
| R-Value | (0.86) | |
| Mean Square Error | 5.3T | |
| R-Squared | 0.74 | |
| Significance | 0.000036 | |
| Slope | (841,028) | |
| Total Sum of Squares | 266.6T |
Performant Interest Expense History
About Performant Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Performant Financial income statement, its balance sheet, and the statement of cash flows. Performant Financial investors use historical funamental indicators, such as Performant Financial's Interest Expense, to determine how well the company is positioned to perform in the future. Although Performant Financial investors may use each financial statement separately, they are all related. The changes in Performant Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Performant Financial'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 Performant Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Performant Financial. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Interest Expense | 2 M | 1.9 M |
Pair Trading with Performant Financial
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 Performant Financial 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 Performant Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Performant Stock
| 0.65 | DRVN | Driven Brands Holdings | PairCorr |
| 0.55 | LZ | LegalZoom | PairCorr |
| 0.54 | VCIG | VCI Global Limited | PairCorr |
| 0.43 | MG | Mistras Group | PairCorr |
| 0.33 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Performant Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Performant Financial 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 Performant Financial - 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 Performant Financial to buy it.
The correlation of Performant Financial 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 Performant Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Performant Financial 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 Performant Financial 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 Performant Stock Analysis
When running Performant Financial's price analysis, check to measure Performant Financial'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 Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.