Gran Free Cash Flow Yield vs Pb Ratio Analysis

GTE Stock  CAD 9.78  0.03  0.31%   
Gran Tierra financial indicator trend analysis is much more than just examining Gran Tierra Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gran Tierra Energy is a good investment. Please check the relationship between Gran Tierra Free Cash Flow Yield and its Pb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. 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.

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gran Tierra Energy Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gran Tierra's Free Cash Flow Yield and Pb Ratio is -0.12. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Gran Tierra Energy, assuming nothing else is changed. The correlation between historical values of Gran Tierra's Free Cash Flow Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Gran Tierra Energy are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Gran Tierra's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Pb Ratio

Most indicators from Gran Tierra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gran Tierra Energy 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 Gran Tierra Energy. 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, Gran Tierra's Tax Provision is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to 2,415, while Selling General Administrative is likely to drop about 38 M.
 2021 2022 2023 2024 (projected)
Gross Profit333.8M531.1M421.4M277.7M
Total Revenue473.7M711.4M637.0M433.5M

Gran Tierra fundamental ratios Correlations

0.50.650.730.770.96-0.10.240.70.450.96-0.010.550.670.70.070.290.20.060.680.430.050.720.730.060.12
0.50.310.45-0.090.640.66-0.560.56-0.170.610.52-0.070.150.65-0.050.87-0.090.470.710.880.470.030.66-0.55-0.65
0.650.310.790.450.6-0.170.140.290.50.590.050.520.310.460.050.170.36-0.180.40.350.240.560.430.180.06
0.730.450.790.40.74-0.05-0.010.70.50.70.180.510.280.610.010.370.2-0.10.560.570.490.530.580.08-0.11
0.77-0.090.450.40.59-0.660.760.310.670.61-0.460.730.670.360.02-0.340.24-0.080.24-0.2-0.450.860.40.460.64
0.960.640.60.740.590.16-0.020.80.211.00.140.310.630.80.190.520.120.10.820.640.210.490.81-0.17-0.12
-0.10.66-0.17-0.05-0.660.16-0.90.26-0.80.150.57-0.74-0.110.250.270.85-0.310.230.440.740.53-0.690.23-0.8-0.84
0.24-0.560.14-0.010.76-0.02-0.9-0.170.690.0-0.720.70.41-0.29-0.28-0.740.2-0.31-0.45-0.66-0.670.73-0.260.810.96
0.70.560.290.70.310.80.26-0.170.080.770.160.150.450.660.10.560.050.060.670.670.410.290.65-0.21-0.25
0.45-0.170.50.50.670.21-0.80.690.080.19-0.320.980.080.07-0.43-0.470.35-0.04-0.12-0.29-0.150.90.090.650.59
0.960.610.590.70.611.00.150.00.770.190.120.290.660.790.240.480.10.10.820.60.160.490.82-0.17-0.1
-0.010.520.050.18-0.460.140.57-0.720.16-0.320.12-0.35-0.380.3-0.10.50.270.180.390.490.67-0.380.26-0.45-0.7
0.55-0.070.520.510.730.31-0.740.70.150.980.29-0.350.190.11-0.45-0.380.290.0-0.07-0.21-0.20.950.150.620.6
0.670.150.310.280.670.63-0.110.410.450.080.66-0.380.190.230.290.08-0.1-0.310.310.14-0.340.460.270.230.41
0.70.650.460.610.360.80.25-0.290.660.070.790.30.110.230.30.550.080.440.930.630.290.210.98-0.48-0.48
0.07-0.050.050.010.020.190.27-0.280.1-0.430.24-0.1-0.450.290.30.15-0.37-0.10.460.14-0.01-0.340.33-0.37-0.25
0.290.870.170.37-0.340.520.85-0.740.56-0.470.480.5-0.380.080.550.15-0.30.360.660.970.5-0.30.52-0.64-0.77
0.2-0.090.360.20.240.12-0.310.20.050.350.10.270.29-0.10.08-0.37-0.3-0.27-0.03-0.210.270.310.040.170.15
0.060.47-0.18-0.1-0.080.10.23-0.310.06-0.040.10.180.0-0.310.44-0.10.36-0.270.380.3-0.13-0.030.48-0.37-0.46
0.680.710.40.560.240.820.44-0.450.67-0.120.820.39-0.070.310.930.460.66-0.030.380.720.350.070.94-0.57-0.57
0.430.880.350.57-0.20.640.74-0.660.67-0.290.60.49-0.210.140.630.140.97-0.210.30.720.57-0.130.6-0.54-0.71
0.050.470.240.49-0.450.210.53-0.670.41-0.150.160.67-0.2-0.340.29-0.010.50.27-0.130.350.57-0.270.25-0.48-0.67
0.720.030.560.530.860.49-0.690.730.290.90.49-0.380.950.460.21-0.34-0.30.31-0.030.07-0.13-0.270.260.60.62
0.730.660.430.580.40.810.23-0.260.650.090.820.260.150.270.980.330.520.040.480.940.60.250.26-0.47-0.44
0.06-0.550.180.080.46-0.17-0.80.81-0.210.65-0.17-0.450.620.23-0.48-0.37-0.640.17-0.37-0.57-0.54-0.480.6-0.470.85
0.12-0.650.06-0.110.64-0.12-0.840.96-0.250.59-0.1-0.70.60.41-0.48-0.25-0.770.15-0.46-0.57-0.71-0.670.62-0.440.85
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Gran Tierra Account Relationship Matchups

Gran Tierra fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.2B1.2B1.3B1.3B1.4B
Short Long Term Debt Total795.2M774.8M654.4M589.6M555.1M548.2M
Other Current Liab47.6M39.9M69.9M20.9M74.7M47.0M
Total Current Liabilities199.3M113.7M228.0M241.6M260.3M167.3M
Total Stockholder Equity1.0B257.0M302.1M417.6M396.4M376.6M
Property Plant And Equipment Net1.6B964.5M995.8M1.1B1.1B985.6M
Net Debt692.2M761.1M628.3M462.7M493.0M517.6M
Retained Earnings(260.3M)(1.0B)(995.8M)(856.7M)(863.0M)(819.9M)
Accounts Payable151.7M70.5M91.1M157.0M122.7M87.4M
Cash8.3M13.7M26.1M126.9M62.1M111.3M
Non Current Assets Total1.8B1.1B1.1B1.2B1.2B1.1B
Non Currrent Assets Other30.0M46.1M30.0M43.1M71.0M74.5M
Cash And Short Term Investments103.0M62.0M26.1M126.9M62.1M120.3M
Net Receivables172.1M3.8M58.7M5.6M12.4M11.7M
Common Stock Shares Outstanding37.7M36.7M367.9M36.9M33.5M31.8M
Liabilities And Stockholders Equity2.0B1.2B1.2B1.3B1.3B1.4B
Non Current Liabilities Total812.7M831.1M659.0M676.4M669.6M372.7M
Inventory516K427K392K1.1M29.0M30.5M
Other Current Assets15.0M68.1M16.6M35.0M8.9M8.5M
Other Stockholder Equity1.3B1.3B1.3B1.3B1.2B1.0B
Total Liab1.0B944.7M887.0M918.0M929.9M540.1M
Property Plant And Equipment Gross1.6B964.5M4.5B4.8B5.0B5.3B
Total Current Assets290.7M133.9M101.8M168.6M112.5M184.1M
Common Stock10.3M10.3M10.3M10.3M9.9M7.8M
Other Liab112.3M56.3M71.6M86.8M78.1M90.7M
Net Tangible Assets930.0M257.0M302.1M417.6M375.8M626.0M
Other Assets74.0M103.4M91.5M38.3M44.1M60.3M
Property Plant Equipment1.6B964.5M995.8M1.1B1.3B1.2B
Short Term Debt94.7M3.3M67.0M4.8M35.6M37.9M
Capital Surpluse1.3B1.3B1.3B1.3B1.5B1.4B
Long Term Debt696.9M771.9M586.0M568.9M493.0M546.9M
Long Term Debt Total700.5M774.8M587.4M589.6M678.0M552.1M
Non Current Liabilities Other4.3M4.1M3.4M7.0M10.9M6.4M
Cash And Equivalents8.3M13.7M26.1M126.9M145.9M153.2M
Net Invested Capital1.7B1.0B888.1M986.5M925.0M934.9M

Pair Trading with Gran Tierra

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 Gran Tierra 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 Gran Tierra will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gran Stock

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Moving against Gran Stock

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The ability to find closely correlated positions to Gran Tierra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gran Tierra 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 Gran Tierra - 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 Gran Tierra Energy to buy it.
The correlation of Gran Tierra 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 Gran Tierra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gran Tierra Energy 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 Gran Tierra 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
When determining whether Gran Tierra Energy is a strong investment it is important to analyze Gran Tierra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gran Tierra's future performance. For an informed investment choice regarding Gran Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. 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.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Please note, there is a significant difference between Gran Tierra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gran Tierra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gran Tierra'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.