Palladium Net Receivables vs Non Currrent Assets Other Analysis
PDM Stock | CAD 0.04 0.00 0.00% |
Palladium One financial indicator trend analysis is much more than just breaking down Palladium One Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palladium One Mining is a good investment. Please check the relationship between Palladium One Net Receivables and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios. 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.
Net Receivables vs Non Currrent Assets Other
Net Receivables vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palladium One Mining Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Palladium One's Net Receivables and Non Currrent Assets Other is -0.16. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Palladium One Mining, assuming nothing else is changed. The correlation between historical values of Palladium One's Net Receivables and Non Currrent Assets Other 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 Receivables of Palladium One Mining are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Palladium One's Net Receivables and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Palladium One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palladium One Mining 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. 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, Palladium One's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 18.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 869.9 K in 2024.
Palladium One fundamental ratios Correlations
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Palladium One Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palladium One fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.9M | 7.6M | 15.7M | 12.1M | 11.2M | 11.8M | |
Total Current Liabilities | 226.8K | 986.7K | 2.0M | 3.1M | 534.9K | 568.0K | |
Total Stockholder Equity | 3.7M | 6.7M | 13.7M | 9.0M | 10.7M | 11.2M | |
Net Debt | (3.8M) | (7.2M) | (15.1M) | (11.4M) | (10.2M) | (9.7M) | |
Retained Earnings | (8.5M) | (13.3M) | (24.0M) | (32.0M) | (40.0M) | (38.0M) | |
Accounts Payable | 204.5K | 962.0K | 193.5K | 762.4K | 263.0K | 308.0K | |
Cash | 3.8M | 7.2M | 15.1M | 11.4M | 10.7M | 11.2M | |
Cash And Short Term Investments | 3.8M | 7.2M | 15.1M | 11.4M | 13.1M | 13.8M | |
Common Stock Shares Outstanding | 42.7M | 129.2M | 231.8M | 257.7M | 359.3M | 377.3M | |
Liabilities And Stockholders Equity | 3.9M | 7.6M | 15.7M | 12.1M | 13.9M | 14.6M | |
Other Stockholder Equity | 1.3M | 1.3M | 2.1M | 2.6M | 3.0M | 3.1M | |
Total Liab | 226.8K | 986.7K | 2.0M | 3.1M | 534.9K | 568.0K | |
Total Current Assets | 3.9M | 7.6M | 15.7M | 12.0M | 11.2M | 11.8M | |
Net Receivables | 49.6K | 330.8K | 442.5K | 508.5K | 584.8K | 614.1K | |
Other Current Liab | 22.3K | 24.7K | 1.8M | 2.3M | 2.7M | 2.8M | |
Net Tangible Assets | 3.7M | 6.7M | 13.7M | 9.0M | 10.3M | 10.8M | |
Accumulated Other Comprehensive Income | 1.3M | 1.3M | 2.1M | 2.6M | 3.0M | 3.1M | |
Common Stock | 10.8M | 18.7M | 35.7M | 38.4M | 44.2M | 46.4M | |
Net Invested Capital | 3.7M | 6.7M | 13.7M | 9.0M | 10.7M | 6.8M | |
Net Working Capital | 3.7M | 6.7M | 13.7M | 9.0M | 10.7M | 6.7M | |
Capital Stock | 10.8M | 18.7M | 35.7M | 38.4M | 47.6M | 28.8M |
Pair Trading with Palladium One
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 Palladium One 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 Palladium One will appreciate offsetting losses from the drop in the long position's value.Moving against Palladium Stock
0.87 | FDY | Faraday Copper Corp | PairCorr |
0.86 | TML | Treasury Metals | PairCorr |
0.76 | ARA | Aclara Resources | PairCorr |
0.75 | IE | Ivanhoe Energy | PairCorr |
0.45 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Palladium One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palladium One 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 Palladium One - 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 Palladium One Mining to buy it.
The correlation of Palladium One 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 Palladium One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palladium One Mining 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 Palladium One 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 Your Equity Center to better understand how to build diversified portfolios. 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Palladium Stock analysis
When running Palladium One's price analysis, check to measure Palladium One'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 Palladium One is operating at the current time. Most of Palladium One's value examination focuses on studying past and present price action to predict the probability of Palladium One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palladium One's price. Additionally, you may evaluate how the addition of Palladium One to your portfolios can decrease your overall portfolio volatility.
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