Palladium Ptb Ratio vs Invested Capital Analysis

PDM Stock

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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 Ptb Ratio and its Invested Capital 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.

Ptb Ratio vs Invested Capital

Ptb Ratio vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palladium One Mining Ptb Ratio account and Invested Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Palladium One's Ptb Ratio and Invested Capital is 0.18. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Invested Capital 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 Ptb Ratio and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Palladium One Mining are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Ptb Ratio i.e., Palladium One's Ptb Ratio and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Palladium One Mining. There are two different methods for calculating Palladium One Mining invested capital: operating approach and financing approach. Understanding Palladium One invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Net Receivables	Non Currrent Assets Other	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Common Stock	Net Invested Capital	Net Working Capital	Property Plant And Equipment Net
Total Assets		0.74	0.99	-1.0	-0.9	0.4	1.0	0.99	0.92	0.85	0.88	0.74	1.0	-0.25	0.94	-0.15	-0.5	0.87	-0.5	1.0	-0.49	-0.61	0.95	0.98	0.98	0.23
Total Current Liabilities	0.74		0.66	-0.76	-0.59	0.59	0.74	0.67	0.56	0.68	0.55	1.0	0.74	-0.24	0.64	-0.21	-0.34	0.59	-0.34	0.68	0.03	-0.4	0.63	0.72	0.72	0.23
Total Stockholder Equity	0.99	0.66		-0.99	-0.91	0.35	0.99	1.0	0.93	0.84	0.89	0.66	0.99	-0.24	0.94	-0.14	-0.5	0.88	-0.5	1.0	-0.55	-0.62	0.95	0.98	0.98	0.22
Net Debt	-1.0	-0.76	-0.99		0.88	-0.41	-1.0	-0.98	-0.89	-0.86	-0.86	-0.76	-1.0	0.25	-0.92	0.16	0.5	-0.85	0.5	-0.99	0.43	0.61	-0.93	-0.99	-0.99	-0.26
Retained Earnings	-0.9	-0.59	-0.91	0.88		-0.39	-0.9	-0.93	-0.99	-0.75	-0.94	-0.59	-0.9	0.28	-0.97	0.18	0.51	-0.97	0.51	-0.9	0.72	0.55	-0.98	-0.85	-0.85	0.12
Accounts Payable	0.4	0.59	0.35	-0.41	-0.39		0.39	0.36	0.34	0.21	0.28	0.59	0.4	-0.38	0.44	-0.3	-0.39	0.22	-0.39	0.35	0.0	-0.3	0.34	0.38	0.38	0.29
Cash	1.0	0.74	0.99	-1.0	-0.9	0.39		0.99	0.91	0.85	0.88	0.74	1.0	-0.25	0.94	-0.15	-0.5	0.87	-0.5	1.0	-0.49	-0.62	0.95	0.98	0.98	0.23
Cash And Short Term Investments	0.99	0.67	1.0	-0.98	-0.93	0.36	0.99		0.95	0.84	0.92	0.67	0.99	-0.25	0.96	-0.14	-0.49	0.91	-0.49	1.0	-0.59	-0.61	0.97	0.97	0.97	0.16
Common Stock Shares Outstanding	0.92	0.56	0.93	-0.89	-0.99	0.34	0.91	0.95		0.75	0.95	0.56	0.91	-0.24	0.98	-0.13	-0.47	0.97	-0.47	0.92	-0.76	-0.56	0.99	0.87	0.87	-0.06
Other Current Assets	0.85	0.68	0.84	-0.86	-0.75	0.21	0.85	0.84	0.75		0.76	0.68	0.85	-0.5	0.77	-0.48	-0.27	0.76	-0.27	0.85	-0.3	-0.44	0.78	0.88	0.88	0.25
Other Stockholder Equity	0.88	0.55	0.89	-0.86	-0.94	0.28	0.88	0.92	0.95	0.76		0.55	0.88	-0.35	0.93	-0.26	-0.36	0.93	-0.36	0.89	-0.71	-0.69	0.96	0.84	0.84	-0.14
Total Liab	0.74	1.0	0.66	-0.76	-0.59	0.59	0.74	0.67	0.56	0.68	0.55		0.74	-0.24	0.64	-0.21	-0.34	0.59	-0.34	0.68	0.03	-0.4	0.63	0.72	0.72	0.23
Total Current Assets	1.0	0.74	0.99	-1.0	-0.9	0.4	1.0	0.99	0.91	0.85	0.88	0.74		-0.25	0.94	-0.15	-0.5	0.87	-0.5	1.0	-0.49	-0.61	0.95	0.98	0.98	0.23
Non Current Assets Total	-0.25	-0.24	-0.24	0.25	0.28	-0.38	-0.25	-0.25	-0.24	-0.5	-0.35	-0.24	-0.25		-0.27	0.97	-0.02	-0.19	-0.02	-0.25	0.11	0.13	-0.23	-0.25	-0.25	-0.05
Net Receivables	0.94	0.64	0.94	-0.92	-0.97	0.44	0.94	0.96	0.98	0.77	0.93	0.64	0.94	-0.27		-0.16	-0.46	0.94	-0.46	0.94	-0.68	-0.52	0.99	0.89	0.89	0.05
Non Currrent Assets Other	-0.15	-0.21	-0.14	0.16	0.18	-0.3	-0.15	-0.14	-0.13	-0.48	-0.26	-0.21	-0.15	0.97	-0.16		-0.15	-0.09	-0.15	-0.15	-0.01	0.08	-0.13	-0.17	-0.17	-0.06
Short Long Term Debt Total	-0.5	-0.34	-0.5	0.5	0.51	-0.39	-0.5	-0.49	-0.47	-0.27	-0.36	-0.34	-0.5	-0.02	-0.46	-0.15		-0.41	1.0	-0.49	0.25	0.44	-0.47	-0.49	-0.49	-0.07
Other Current Liab	0.87	0.59	0.88	-0.85	-0.97	0.22	0.87	0.91	0.97	0.76	0.93	0.59	0.87	-0.19	0.94	-0.09	-0.41		-0.41	0.87	-0.72	-0.49	0.97	0.81	0.81	-0.18
Short Term Debt	-0.5	-0.34	-0.5	0.5	0.51	-0.39	-0.5	-0.49	-0.47	-0.27	-0.36	-0.34	-0.5	-0.02	-0.46	-0.15	1.0	-0.41		-0.49	0.25	0.44	-0.47	-0.49	-0.49	-0.07
Net Tangible Assets	1.0	0.68	1.0	-0.99	-0.9	0.35	1.0	1.0	0.92	0.85	0.89	0.68	1.0	-0.25	0.94	-0.15	-0.49	0.87	-0.49		-0.54	-0.62	0.95	0.98	0.98	0.23
Long Term Investments	-0.49	0.03	-0.55	0.43	0.72	0.0	-0.49	-0.59	-0.76	-0.3	-0.71	0.03	-0.49	0.11	-0.68	-0.01	0.25	-0.72	0.25	-0.54		0.32	-0.7	-0.38	-0.38	0.35
Short Long Term Debt	-0.61	-0.4	-0.62	0.61	0.55	-0.3	-0.62	-0.61	-0.56	-0.44	-0.69	-0.4	-0.61	0.13	-0.52	0.08	0.44	-0.49	0.44	-0.62	0.32		-0.59	-0.61	-0.61	-0.09
Common Stock	0.95	0.63	0.95	-0.93	-0.98	0.34	0.95	0.97	0.99	0.78	0.96	0.63	0.95	-0.23	0.99	-0.13	-0.47	0.97	-0.47	0.95	-0.7	-0.59		0.9	0.9	-0.03
Net Invested Capital	0.98	0.72	0.98	-0.99	-0.85	0.38	0.98	0.97	0.87	0.88	0.84	0.72	0.98	-0.25	0.89	-0.17	-0.49	0.81	-0.49	0.98	-0.38	-0.61	0.9		1.0	0.29
Net Working Capital	0.98	0.72	0.98	-0.99	-0.85	0.38	0.98	0.97	0.87	0.88	0.84	0.72	0.98	-0.25	0.89	-0.17	-0.49	0.81	-0.49	0.98	-0.38	-0.61	0.9	1.0		0.29
Property Plant And Equipment Net	0.23	0.23	0.22	-0.26	0.12	0.29	0.23	0.16	-0.06	0.25	-0.14	0.23	0.23	-0.05	0.05	-0.06	-0.07	-0.18	-0.07	0.23	0.35	-0.09	-0.03	0.29	0.29

Click cells to compare fundamentals

Palladium One Account Relationship Matchups

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

0.79	IE	Ivanhoe Energy	Pair Corr
0.77	GOOG	Alphabet CDR	Pair Corr
0.76	FDY	Faraday Copper Corp	Pair Corr
0.76	AMZN	Amazon CDR	Pair Corr
0.73	BOFA	Bank of America	Pair Corr

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.

Pair Correlation Correlation Matching

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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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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Please note, there is a significant difference between Palladium One's value and its price as these two are different measures arrived at by different means. Investors typically determine if Palladium One is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palladium One'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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Palladium Ptb Ratio vs Invested Capital Analysis

Ptb Ratio vs Invested Capital

Ptb Ratio vs Invested Capital Correlation Analysis

Correlation Coefficient

Ptb Ratio

Invested Capital

Palladium One fundamental ratios Correlations

Palladium One Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Palladium One fundamental ratios Accounts

Pair Trading with Palladium One

Moving against Palladium Stock

Complementary Tools for Palladium Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 1.0	Total Stockholder Equity

Total Current Assets	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Total Assets
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Net Working Capital	- 0.99	Net Debt
Net Invested Capital	- 0.99	Net Debt