ProFrac Net Invested Capital vs Long Term Debt Analysis
| ACDC Stock | USD 8.23 0.13 1.60% |
ProFrac Holding financial indicator trend analysis is much more than just breaking down ProFrac Holding Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProFrac Holding Corp is a good investment. Please check the relationship between ProFrac Holding Net Invested Capital and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProFrac Holding 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 unemployment.
Net Invested Capital vs Long Term Debt
Net Invested Capital vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ProFrac Holding Corp Net Invested Capital account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ProFrac Holding's Net Invested Capital and Long Term Debt is 0.56. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of ProFrac Holding Corp, assuming nothing else is changed. The correlation between historical values of ProFrac Holding's Net Invested Capital and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of ProFrac Holding Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Invested Capital i.e., ProFrac Holding's Net Invested Capital and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Long Term Debt
Long-term debt is a debt that ProFrac Holding Corp has held for over one year. Long-term debt appears on ProFrac Holding Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ProFrac Holding Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from ProFrac Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProFrac Holding 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ProFrac Holding 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 unemployment. As of April 29, 2024, Tax Provision is expected to decline to about 4.3 M. In addition to that, Selling General Administrative is expected to decline to about 172.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 768.4M | 2.4B | 2.6B | 1.6B | Depreciation And Amortization | 140.7M | 332.6M | 438.4M | 263.0M |
ProFrac Holding fundamental ratios Correlations
Click cells to compare fundamentals
ProFrac Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProFrac Holding in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProFrac Holding's short interest history, or implied volatility extrapolated from ProFrac Holding options trading.
Pair Trading with ProFrac Holding
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 ProFrac Holding 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 ProFrac Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with ProFrac Stock
| 0.8 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
| 0.75 | TS | Tenaris SA ADR Downward Rally | PairCorr |
The ability to find closely correlated positions to ProFrac Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProFrac Holding 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 ProFrac Holding - 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 ProFrac Holding Corp to buy it.
The correlation of ProFrac Holding 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 ProFrac Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProFrac Holding 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 ProFrac Holding 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProFrac Holding 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 unemployment. Note that the ProFrac Holding Corp information on this page should be used as a complementary analysis to other ProFrac Holding's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for ProFrac Stock analysis
When running ProFrac Holding's price analysis, check to measure ProFrac Holding'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 ProFrac Holding is operating at the current time. Most of ProFrac Holding's value examination focuses on studying past and present price action to predict the probability of ProFrac Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProFrac Holding's price. Additionally, you may evaluate how the addition of ProFrac Holding to your portfolios can decrease your overall portfolio volatility.
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Is ProFrac Holding'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 ProFrac Holding. If investors know ProFrac 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 ProFrac Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Revenue Per Share 20.092 | Quarterly Revenue Growth (0.38) | Return On Assets 0.0453 | Return On Equity (0.04) |
The market value of ProFrac Holding Corp is measured differently than its book value, which is the value of ProFrac that is recorded on the company's balance sheet. Investors also form their own opinion of ProFrac Holding's value that differs from its market value or its book value, called intrinsic value, which is ProFrac Holding'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 ProFrac Holding's market value can be influenced by many factors that don't directly affect ProFrac Holding'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 ProFrac Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProFrac Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProFrac Holding'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.