Purecycle Property Plant And Equipment Net vs Capital Stock Analysis

PCT Stock  USD 5.75  0.11  1.88%   
Purecycle Technologies financial indicator trend analysis is much more than just breaking down Purecycle Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Purecycle Technologies is a good investment. Please check the relationship between Purecycle Technologies Property Plant And Equipment Net and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purecycle Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.

Property Plant And Equipment Net vs Capital Stock

Property Plant And Equipment Net vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purecycle Technologies Property Plant And Equipment Net account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Purecycle Technologies' Property Plant And Equipment Net and Capital Stock is -0.28. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Purecycle Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Purecycle Technologies' Property Plant And Equipment Net and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Purecycle Technologies Holdings are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Property Plant And Equipment Net i.e., Purecycle Technologies' Property Plant And Equipment Net and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.
Most indicators from Purecycle Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Purecycle Technologies 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 Purecycle Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.Tax Provision is likely to gain to about 682.5 K in 2024, whereas Selling General Administrative is likely to drop slightly above 46.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses59.0M54.8M95.0M48.4M
Cost Of Revenue10.6M26.6M18.9M13.2M

Purecycle Technologies fundamental ratios Correlations

0.870.950.980.970.930.880.86-0.93-0.750.880.90.870.940.110.280.890.750.990.91.00.880.86-0.070.81-0.85
0.870.860.90.780.920.931.0-0.96-0.70.980.981.00.770.180.171.00.930.831.00.870.930.670.010.61-0.82
0.950.860.980.90.850.770.85-0.86-0.860.880.850.870.940.35-0.020.870.640.920.880.940.770.880.170.83-0.97
0.980.90.980.920.890.840.89-0.91-0.820.910.90.910.920.250.130.910.740.950.920.980.840.840.080.78-0.91
0.970.780.90.920.930.850.77-0.89-0.730.80.850.780.97-0.020.360.810.670.990.820.970.850.92-0.20.89-0.79
0.930.920.850.890.930.980.92-0.98-0.670.90.960.910.89-0.110.430.940.890.940.940.930.980.83-0.290.78-0.74
0.880.930.770.840.850.980.93-0.99-0.60.920.980.920.78-0.110.470.950.940.880.950.881.00.69-0.280.63-0.67
0.861.00.850.890.770.920.93-0.96-0.690.970.971.00.770.150.181.00.940.820.990.860.930.67-0.020.61-0.8
-0.93-0.96-0.86-0.91-0.89-0.98-0.99-0.960.69-0.95-0.99-0.96-0.840.0-0.37-0.98-0.93-0.92-0.98-0.93-0.99-0.750.18-0.70.77
-0.75-0.7-0.86-0.82-0.73-0.67-0.6-0.690.69-0.74-0.69-0.71-0.79-0.460.23-0.71-0.45-0.72-0.72-0.73-0.59-0.76-0.34-0.730.89
0.880.980.880.910.80.90.920.97-0.95-0.740.980.980.770.280.110.990.880.840.990.870.920.660.110.59-0.86
0.90.980.850.90.850.960.980.97-0.99-0.690.980.980.80.090.290.990.930.880.990.90.980.7-0.080.63-0.79
0.871.00.870.910.780.910.921.0-0.96-0.710.980.980.780.20.141.00.920.831.00.870.930.680.030.62-0.83
0.940.770.940.920.970.890.780.77-0.84-0.790.770.80.780.070.190.80.610.950.80.950.770.98-0.110.96-0.85
0.110.180.350.25-0.02-0.11-0.110.150.0-0.460.280.090.20.07-0.850.16-0.140.010.160.08-0.110.00.98-0.04-0.56
0.280.17-0.020.130.360.430.470.18-0.370.230.110.290.140.19-0.850.20.450.370.190.310.470.16-0.880.160.25
0.891.00.870.910.810.940.951.0-0.98-0.710.990.991.00.80.160.20.930.851.00.890.950.7-0.010.63-0.82
0.750.930.640.740.670.890.940.94-0.93-0.450.880.930.920.61-0.140.450.930.720.920.750.950.51-0.280.45-0.55
0.990.830.920.950.990.940.880.82-0.92-0.720.840.880.830.950.010.370.850.720.860.990.880.89-0.170.84-0.8
0.91.00.880.920.820.940.950.99-0.98-0.720.990.991.00.80.160.191.00.920.860.890.950.71-0.010.64-0.83
1.00.870.940.980.970.930.880.86-0.93-0.730.870.90.870.950.080.310.890.750.990.890.880.87-0.10.82-0.84
0.880.930.770.840.850.981.00.93-0.99-0.590.920.980.930.77-0.110.470.950.950.880.950.880.68-0.280.63-0.67
0.860.670.880.840.920.830.690.67-0.75-0.760.660.70.680.980.00.160.70.510.890.710.870.68-0.170.99-0.78
-0.070.010.170.08-0.2-0.29-0.28-0.020.18-0.340.11-0.080.03-0.110.98-0.88-0.01-0.28-0.17-0.01-0.1-0.28-0.17-0.21-0.39
0.810.610.830.780.890.780.630.61-0.7-0.730.590.630.620.96-0.040.160.630.450.840.640.820.630.99-0.21-0.73
-0.85-0.82-0.97-0.91-0.79-0.74-0.67-0.80.770.89-0.86-0.79-0.83-0.85-0.560.25-0.82-0.55-0.8-0.83-0.84-0.67-0.78-0.39-0.73
Click cells to compare fundamentals

Purecycle Technologies Account Relationship Matchups

Purecycle Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.3M404.1M664.7M861.3M1.0B555.2M
Short Long Term Debt Total19.9M262.3M232.5M250.1M543.8M571.0M
Other Current Liab1.2M31.9M37.1M31.6M38.6M25.8M
Total Current Liabilities10.5M33.1M38.5M38.3M55.6M33.2M
Total Stockholder Equity2.4M107.9M381.5M510.9M420.2M262.0M
Net Tangible Assets(23.2M)46.7M381.5M510.9M587.5M616.9M
Property Plant And Equipment Net30.4M70.2M225.2M524.9M668.5M702.0M
Net Debt19.8M197.8M199.1M186.2M444.7M466.9M
Retained Earnings(27.7M)(84.6M)(157.8M)(242.5M)(344.2M)(327.0M)
Accounts Payable2.4M1.1M1.4M1.7M2.9M1.9M
Cash150.1K64.5M33.4M63.9M99.1M104.1M
Non Current Assets Total30.4M336.3M319.3M625.1M876.7M920.6M
Long Term Debt13M262.2M232.5M233.5M507.4M532.8M
Cash And Short Term Investments150.1K64.5M200.8M162.5M147.3M105.5M
Liabilities And Stockholders Equity33.3M404.1M664.7M861.3M1.0B555.2M
Non Current Liabilities Total20.4M263.2M244.7M312.2M563.5M591.7M
Other Current Assets720.6K445.5K2.7M4.9M15.3M16.1M
Other Stockholder Equity107.2K192.4M539.4M753.9M764.3M412.5M
Total Liab30.9M296.2M283.1M350.5M619.1M650.1M
Net Invested Capital(3.3M)308.9M614.0M744.4M936.8M478.1M
Property Plant And Equipment Gross30.4M70.2M230.3M533.5M693.1M727.7M
Total Current Assets2.9M67.8M345.3M236.2M162.6M149.5M
Capital Stock25.9M149.3M128K164K147.6K140.2K
Net Working Capital(7.6M)34.8M306.9M197.9M107.0M116.4M
Property Plant Equipment30.4M70.2M225.2M505.7M581.6M610.7M

Pair Trading with Purecycle Technologies

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 Purecycle Technologies 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 Purecycle Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Purecycle Stock

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  0.31CLWT Euro Tech HoldingsPairCorr
The ability to find closely correlated positions to Purecycle Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purecycle Technologies 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 Purecycle Technologies - 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 Purecycle Technologies Holdings to buy it.
The correlation of Purecycle Technologies 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 Purecycle Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purecycle Technologies 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 Purecycle Technologies 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 CorrelationCorrelation Matching

Additional Tools for Purecycle Stock Analysis

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