Plurilock Ptb Ratio vs Free Cash Flow Yield Analysis
PLUR Stock | CAD 0.32 0.03 8.57% |
Plurilock Security financial indicator trend analysis is much more than just breaking down Plurilock Security prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plurilock Security is a good investment. Please check the relationship between Plurilock Security Ptb Ratio and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plurilock Security. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Ptb Ratio vs Free Cash Flow Yield
Ptb Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plurilock Security Ptb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Plurilock Security's Ptb Ratio and Free Cash Flow Yield is 0.48. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Plurilock Security, assuming nothing else is changed. The correlation between historical values of Plurilock Security's Ptb Ratio and Free Cash Flow Yield 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 Plurilock Security are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ptb Ratio i.e., Plurilock Security's Ptb Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Plurilock Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plurilock Security 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 Plurilock Security. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Plurilock Security's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 180.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 7.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5M | 5.0M | 5.9M | 3.1M | Total Revenue | 36.6M | 64.6M | 70.4M | 38.0M |
Plurilock Security fundamental ratios Correlations
Click cells to compare fundamentals
Plurilock Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Plurilock Security fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Current Liabilities | 948.4K | 521.2K | 11.3M | 19.1M | 29.9M | 31.4M | |
Retained Earnings | (4.8M) | (9.4M) | (15.7M) | (24.1M) | (33.2M) | (31.5M) | |
Accounts Payable | 103.4K | 195.1K | 9.7M | 8.5M | 18.7M | 19.6M | |
Net Receivables | 710.1K | 40.5K | 6.1M | 11.7M | 17.2M | 18.0M | |
Total Current Assets | 895.4K | 2.1M | 16.9M | 16.1M | 21.6M | 22.7M |
Pair Trading with Plurilock Security
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 Plurilock Security 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 Plurilock Security will appreciate offsetting losses from the drop in the long position's value.Moving together with Plurilock Stock
0.64 | RCI-A | Rogers Communications | PairCorr |
Moving against Plurilock Stock
0.57 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Plurilock Security could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plurilock Security 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 Plurilock Security - 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 Plurilock Security to buy it.
The correlation of Plurilock Security 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 Plurilock Security moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plurilock Security 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 Plurilock Security 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, which includes a position in Plurilock Security. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. 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 Plurilock Stock analysis
When running Plurilock Security's price analysis, check to measure Plurilock Security'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 Plurilock Security is operating at the current time. Most of Plurilock Security's value examination focuses on studying past and present price action to predict the probability of Plurilock Security's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plurilock Security's price. Additionally, you may evaluate how the addition of Plurilock Security to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |