Palladium Total Stockholder Equity vs Short Long Term Debt 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 Total Stockholder Equity and its Short Long Term Debt 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.

Total Stockholder Equity vs Short Long Term Debt

Total Stockholder Equity vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palladium One Mining Total Stockholder Equity account and Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Palladium One's Total Stockholder Equity and Short Long Term Debt is -0.62. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Long Term Debt 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 Total Stockholder Equity and Short 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 Total Stockholder Equity of Palladium One Mining are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Stockholder Equity i.e., Palladium One's Total Stockholder Equity and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.
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

0.740.99-1.0-0.90.41.00.990.920.850.880.741.0-0.250.94-0.15-0.50.87-0.51.0-0.49-0.610.950.980.980.23
0.740.66-0.76-0.590.590.740.670.560.680.551.00.74-0.240.64-0.21-0.340.59-0.340.680.03-0.40.630.720.720.23
0.990.66-0.99-0.910.350.991.00.930.840.890.660.99-0.240.94-0.14-0.50.88-0.51.0-0.55-0.620.950.980.980.22
-1.0-0.76-0.990.88-0.41-1.0-0.98-0.89-0.86-0.86-0.76-1.00.25-0.920.160.5-0.850.5-0.990.430.61-0.93-0.99-0.99-0.26
-0.9-0.59-0.910.88-0.39-0.9-0.93-0.99-0.75-0.94-0.59-0.90.28-0.970.180.51-0.970.51-0.90.720.55-0.98-0.85-0.850.12
0.40.590.35-0.41-0.390.390.360.340.210.280.590.4-0.380.44-0.3-0.390.22-0.390.350.0-0.30.340.380.380.29
1.00.740.99-1.0-0.90.390.990.910.850.880.741.0-0.250.94-0.15-0.50.87-0.51.0-0.49-0.620.950.980.980.23
0.990.671.0-0.98-0.930.360.990.950.840.920.670.99-0.250.96-0.14-0.490.91-0.491.0-0.59-0.610.970.970.970.16
0.920.560.93-0.89-0.990.340.910.950.750.950.560.91-0.240.98-0.13-0.470.97-0.470.92-0.76-0.560.990.870.87-0.06
0.850.680.84-0.86-0.750.210.850.840.750.760.680.85-0.50.77-0.48-0.270.76-0.270.85-0.3-0.440.780.880.880.25
0.880.550.89-0.86-0.940.280.880.920.950.760.550.88-0.350.93-0.26-0.360.93-0.360.89-0.71-0.690.960.840.84-0.14
0.741.00.66-0.76-0.590.590.740.670.560.680.550.74-0.240.64-0.21-0.340.59-0.340.680.03-0.40.630.720.720.23
1.00.740.99-1.0-0.90.41.00.990.910.850.880.74-0.250.94-0.15-0.50.87-0.51.0-0.49-0.610.950.980.980.23
-0.25-0.24-0.240.250.28-0.38-0.25-0.25-0.24-0.5-0.35-0.24-0.25-0.270.97-0.02-0.19-0.02-0.250.110.13-0.23-0.25-0.25-0.05
0.940.640.94-0.92-0.970.440.940.960.980.770.930.640.94-0.27-0.16-0.460.94-0.460.94-0.68-0.520.990.890.890.05
-0.15-0.21-0.140.160.18-0.3-0.15-0.14-0.13-0.48-0.26-0.21-0.150.97-0.16-0.15-0.09-0.15-0.15-0.010.08-0.13-0.17-0.17-0.06
-0.5-0.34-0.50.50.51-0.39-0.5-0.49-0.47-0.27-0.36-0.34-0.5-0.02-0.46-0.15-0.411.0-0.490.250.44-0.47-0.49-0.49-0.07
0.870.590.88-0.85-0.970.220.870.910.970.760.930.590.87-0.190.94-0.09-0.41-0.410.87-0.72-0.490.970.810.81-0.18
-0.5-0.34-0.50.50.51-0.39-0.5-0.49-0.47-0.27-0.36-0.34-0.5-0.02-0.46-0.151.0-0.41-0.490.250.44-0.47-0.49-0.49-0.07
1.00.681.0-0.99-0.90.351.01.00.920.850.890.681.0-0.250.94-0.15-0.490.87-0.49-0.54-0.620.950.980.980.23
-0.490.03-0.550.430.720.0-0.49-0.59-0.76-0.3-0.710.03-0.490.11-0.68-0.010.25-0.720.25-0.540.32-0.7-0.38-0.380.35
-0.61-0.4-0.620.610.55-0.3-0.62-0.61-0.56-0.44-0.69-0.4-0.610.13-0.520.080.44-0.490.44-0.620.32-0.59-0.61-0.61-0.09
0.950.630.95-0.93-0.980.340.950.970.990.780.960.630.95-0.230.99-0.13-0.470.97-0.470.95-0.7-0.590.90.9-0.03
0.980.720.98-0.99-0.850.380.980.970.870.880.840.720.98-0.250.89-0.17-0.490.81-0.490.98-0.38-0.610.91.00.29
0.980.720.98-0.99-0.850.380.980.970.870.880.840.720.98-0.250.89-0.17-0.490.81-0.490.98-0.38-0.610.91.00.29
0.230.230.22-0.260.120.290.230.16-0.060.25-0.140.230.23-0.050.05-0.06-0.07-0.18-0.070.230.35-0.09-0.030.290.29
Click cells to compare fundamentals

Palladium One Account Relationship Matchups

Palladium One fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.9M7.6M15.7M12.1M11.2M11.8M
Total Current Liabilities226.8K986.7K2.0M3.1M534.9K568.0K
Total Stockholder Equity3.7M6.7M13.7M9.0M10.7M11.2M
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 Payable204.5K962.0K193.5K762.4K263.0K308.0K
Cash3.8M7.2M15.1M11.4M10.7M11.2M
Cash And Short Term Investments3.8M7.2M15.1M11.4M13.1M13.8M
Common Stock Shares Outstanding42.7M129.2M231.8M257.7M359.3M377.3M
Liabilities And Stockholders Equity3.9M7.6M15.7M12.1M13.9M14.6M
Other Stockholder Equity1.3M1.3M2.1M2.6M3.0M3.1M
Total Liab226.8K986.7K2.0M3.1M534.9K568.0K
Total Current Assets3.9M7.6M15.7M12.0M11.2M11.8M
Net Receivables49.6K330.8K442.5K508.5K584.8K614.1K
Other Current Liab22.3K24.7K1.8M2.3M2.7M2.8M
Net Tangible Assets3.7M6.7M13.7M9.0M10.3M10.8M
Accumulated Other Comprehensive Income1.3M1.3M2.1M2.6M3.0M3.1M
Common Stock10.8M18.7M35.7M38.4M44.2M46.4M
Net Invested Capital3.7M6.7M13.7M9.0M10.7M6.8M
Net Working Capital3.7M6.7M13.7M9.0M10.7M6.7M
Capital Stock10.8M18.7M35.7M38.4M47.6M28.8M

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

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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 CorrelationCorrelation 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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.