Global Pb Ratio vs Free Cash Flow Yield Analysis
GLO Stock | CAD 0.85 0.03 3.41% |
Global Atomic financial indicator trend analysis is much more than just examining Global Atomic Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Atomic Corp is a good investment. Please check the relationship between Global Atomic Pb Ratio and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Atomic Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Pb Ratio vs Free Cash Flow Yield
Pb 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 Global Atomic Corp Pb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.
The correlation between Global Atomic's Pb Ratio and Free Cash Flow Yield is 0.3. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Global Atomic Corp, assuming nothing else is changed. The correlation between historical values of Global Atomic's Pb 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 Pb Ratio of Global Atomic Corp 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 Pb Ratio i.e., Global Atomic's Pb Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pb Ratio
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 Global Atomic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Atomic Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Atomic Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Global Atomic's Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Issuance Of Capital Stock is likely to grow to about 74.6 M, though Enterprise Value Over EBITDA is likely to grow to (54.16).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 805.4K | 888.2K | 417.6K | 594.4K | Total Revenue | 957.7K | 1.1M | 690.0K | 655.5K |
Global Atomic fundamental ratios Correlations
Click cells to compare fundamentals
Global Atomic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Global Atomic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.6M | 53.0M | 93.6M | 110.3M | 177.6M | 186.5M | |
Other Current Liab | 213.3K | 858.6K | 2.0M | 3.4M | 5.6M | 5.8M | |
Total Current Liabilities | 599.8K | 1.2M | 2.8M | 6.8M | 10.8M | 11.4M | |
Total Stockholder Equity | 53.0M | 51.8M | 90.7M | 101.1M | 157.8M | 165.6M | |
Property Plant And Equipment Net | 32.7M | 37.9M | 49.6M | 84.4M | 137.5M | 144.4M | |
Net Debt | (3.7M) | (2.4M) | (33.9M) | (7.7M) | (13.8M) | (13.1M) | |
Retained Earnings | 9.9M | 6.3M | 2.2M | (2.4M) | (19.0M) | (18.0M) | |
Accounts Payable | 276.6K | 324.6K | 612.5K | 3.1M | 1.2M | 598.7K | |
Cash | 3.9M | 2.4M | 34.2M | 8.4M | 24.9M | 26.1M | |
Non Current Assets Total | 49.3M | 50.2M | 58.8M | 101.2M | 151.8M | 159.4M | |
Cash And Short Term Investments | 3.9M | 2.4M | 34.2M | 8.4M | 24.9M | 26.1M | |
Net Receivables | 414.5K | 272.9K | 309.8K | 550.4K | 683.3K | 793.5K | |
Common Stock Shares Outstanding | 150.6M | 149.4M | 162.4M | 177.6M | 198.1M | 208.0M | |
Liabilities And Stockholders Equity | 53.6M | 53.0M | 93.6M | 110.3M | 177.6M | 186.5M | |
Non Current Liabilities Total | 47.9K | 0.0 | 109.4K | 1.9M | 8.6M | 9.0M | |
Other Current Assets | 34.3K | 73.1K | 498.0K | 131.0K | 207.7K | 106.5K | |
Other Stockholder Equity | 9.0M | 9.6M | 17.0M | 18.8M | 21.5M | 11.7M | |
Total Liab | 647.8K | 1.2M | 2.9M | 8.7M | 19.4M | 20.4M | |
Property Plant And Equipment Gross | 32.7M | 37.9M | 49.9M | 86.1M | 145.5M | 152.8M | |
Total Current Assets | 4.3M | 2.8M | 34.8M | 9.1M | 25.7M | 27.0M | |
Accumulated Other Comprehensive Income | (13.9M) | (15.4M) | (24.5M) | (23.7M) | (14.2M) | (13.5M) | |
Short Term Debt | 109.9K | 47.9K | 163.5K | 391.2K | 4.1M | 4.3M | |
Non Currrent Assets Other | 703.5K | 864.3K | 187.8K | 1.1M | 1.4M | 1.4M | |
Other Assets | 703.5K | 864.3K | 2.7M | 1.1M | 1.3M | 639.9K | |
Net Tangible Assets | 50.0M | 53.0M | 51.8M | 90.5M | 104.1M | 52.8M | |
Capital Surpluse | 9.0M | 9.6M | 17.0M | 18.8M | 21.6M | 11.1M | |
Common Stock | 48.0M | 51.3M | 96.1M | 108.3M | 169.4M | 177.9M | |
Property Plant Equipment | 32.7M | 37.9M | 46.9M | 83.4M | 95.9M | 100.6M | |
Long Term Investments | 15.9M | 11.5M | 9.0M | 16.4M | 12.6M | 13.2M | |
Cash And Equivalents | 3.9M | 2.4M | 34.2M | 8.4M | 9.7M | 9.3M | |
Net Invested Capital | 53.0M | 51.8M | 90.7M | 101.1M | 161.2M | 85.5M | |
Net Working Capital | 3.7M | 1.6M | 32.1M | 2.2M | 14.9M | 9.6M | |
Capital Stock | 48.0M | 51.3M | 96.1M | 108.3M | 169.4M | 95.0M |
Pair Trading with Global Atomic
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 Global Atomic 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 Global Atomic will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Stock
Moving against Global Stock
The ability to find closely correlated positions to Global Atomic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Atomic 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 Global Atomic - 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 Global Atomic Corp to buy it.
The correlation of Global Atomic 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 Global Atomic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Atomic Corp 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 Global Atomic 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.Other Information on Investing in Global Stock
Balance Sheet is a snapshot of the financial position of Global Atomic Corp at a specified time, usually calculated after every quarter, six months, or one year. Global Atomic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Global Atomic and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Global currently owns. An asset can also be divided into two categories, current and non-current.