Payfare Short Term Debt vs Net Receivables Analysis

PAY Stock  CAD 2.24  0.03  1.36%   
Payfare financial indicator trend analysis is much more than just breaking down Payfare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Payfare is a good investment. Please check the relationship between Payfare Short Term Debt and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payfare. 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.

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Payfare Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Payfare's Short Term Debt and Net Receivables is -0.24. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Payfare, assuming nothing else is changed. The correlation between historical values of Payfare's Short Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Payfare are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Payfare's Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Net Receivables

Most indicators from Payfare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Payfare 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 Payfare. 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, Payfare's Discontinued Operations is very stable compared to the past year. As of the 12th of December 2024, Selling General Administrative is likely to grow to about 11.4 M, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Total Operating Expenses19.7M18.8M14.3M12.5M
Cost Of Revenue42.4M114.8M160.0M168.0M

Payfare fundamental ratios Correlations

1.01.00.97-0.310.98-0.820.970.990.55-0.480.37-0.470.990.661.00.871.0-0.410.530.95-0.29-0.310.17-0.970.91
1.01.00.95-0.360.97-0.820.960.970.56-0.490.35-0.511.00.691.00.881.0-0.390.460.94-0.31-0.280.16-0.960.89
1.01.00.94-0.370.96-0.830.970.980.57-0.520.34-0.530.990.711.00.91.0-0.350.470.93-0.35-0.230.14-0.960.92
0.970.950.94-0.140.98-0.750.930.970.46-0.340.45-0.280.930.470.940.740.96-0.610.660.94-0.08-0.530.24-0.990.86
-0.31-0.36-0.37-0.14-0.290.13-0.35-0.28-0.040.240.280.84-0.38-0.65-0.36-0.35-0.35-0.150.5-0.120.71-0.350.210.24-0.38
0.980.970.960.98-0.29-0.760.940.950.48-0.410.38-0.420.970.580.960.780.97-0.560.50.93-0.17-0.460.19-0.970.86
-0.82-0.82-0.83-0.750.13-0.76-0.78-0.75-0.750.46-0.360.22-0.84-0.66-0.83-0.9-0.810.17-0.49-0.930.240.11-0.140.72-0.7
0.970.960.970.93-0.350.94-0.780.970.5-0.510.32-0.510.950.70.970.850.97-0.350.540.9-0.39-0.240.15-0.950.97
0.990.970.980.97-0.280.95-0.750.970.48-0.430.37-0.440.950.590.980.830.98-0.440.60.91-0.28-0.340.21-0.990.93
0.550.560.570.46-0.040.48-0.750.50.48-0.510.33-0.270.590.710.570.770.550.070.290.63-0.090.08-0.19-0.450.47
-0.48-0.49-0.52-0.340.24-0.410.46-0.51-0.43-0.51-0.360.64-0.51-0.7-0.52-0.61-0.49-0.4-0.04-0.40.57-0.410.250.34-0.52
0.370.350.340.450.280.38-0.360.320.370.33-0.360.140.320.120.340.170.35-0.240.510.430.15-0.28-0.19-0.390.27
-0.47-0.51-0.53-0.280.84-0.420.22-0.51-0.44-0.270.640.14-0.53-0.8-0.52-0.54-0.51-0.270.37-0.230.75-0.420.250.37-0.55
0.991.00.990.93-0.380.97-0.840.950.950.59-0.510.32-0.530.720.990.90.99-0.380.420.94-0.32-0.260.14-0.940.88
0.660.690.710.47-0.650.58-0.660.70.590.71-0.70.12-0.80.720.710.830.680.24-0.040.57-0.690.38-0.26-0.520.71
1.01.01.00.94-0.360.96-0.830.970.980.57-0.520.34-0.520.990.710.91.0-0.350.480.94-0.35-0.240.15-0.960.92
0.870.880.90.74-0.350.78-0.90.850.830.77-0.610.17-0.540.90.830.90.88-0.010.350.86-0.440.080.05-0.760.81
1.01.01.00.96-0.350.97-0.810.970.980.55-0.490.35-0.510.990.681.00.88-0.390.490.93-0.32-0.280.15-0.970.91
-0.41-0.39-0.35-0.61-0.15-0.560.17-0.35-0.440.07-0.4-0.24-0.27-0.380.24-0.35-0.01-0.39-0.48-0.44-0.550.97-0.340.56-0.25
0.530.460.470.660.50.5-0.490.540.60.29-0.040.510.370.42-0.040.480.350.49-0.480.620.27-0.540.3-0.620.54
0.950.940.930.94-0.120.93-0.930.90.910.63-0.40.43-0.230.940.570.940.860.93-0.440.62-0.13-0.380.23-0.910.81
-0.29-0.31-0.35-0.080.71-0.170.24-0.39-0.28-0.090.570.150.75-0.32-0.69-0.35-0.44-0.32-0.550.27-0.13-0.680.010.17-0.44
-0.31-0.28-0.23-0.53-0.35-0.460.11-0.24-0.340.08-0.41-0.28-0.42-0.260.38-0.240.08-0.280.97-0.54-0.38-0.68-0.370.47-0.14
0.170.160.140.240.210.19-0.140.150.21-0.190.25-0.190.250.14-0.260.150.050.15-0.340.30.230.01-0.37-0.250.04
-0.97-0.96-0.96-0.990.24-0.970.72-0.95-0.99-0.450.34-0.390.37-0.94-0.52-0.96-0.76-0.970.56-0.62-0.910.170.47-0.25-0.89
0.910.890.920.86-0.380.86-0.70.970.930.47-0.520.27-0.550.880.710.920.810.91-0.250.540.81-0.44-0.140.04-0.89
Click cells to compare fundamentals

Payfare Account Relationship Matchups

Payfare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets36.0M31.7M224.3M217.1M301.6M316.7M
Other Current Liab21.9M22.5M176.2M148.7M207.6M218.0M
Total Current Liabilities34.0M43.9M176.4M167.4M230.4M241.9M
Total Stockholder Equity2.0M(12.2M)47.9M49.6M71.2M74.8M
Net Tangible Assets686.4K(13.2M)46.8M46.3M53.2M55.9M
Retained Earnings(53.7M)(80.0M)(101.4M)(104.3M)(92.3M)(96.9M)
Accounts Payable3.2M3.3M11.4M20.0M22.8M24.0M
Cash949.0K1.6M40.9M42.6M78.2M82.1M
Net Receivables4.8M1.4M5.1M3.1M6.2M4.1M
Inventory28.5M27.4M175.1M161.8M186.0M195.3M
Other Stockholder Equity13.7M15.3M12.6M17.1M18.5M9.4M
Total Liab34.0M43.9M176.4M167.4M230.4M241.9M
Short Long Term Debt9K6.9K8.8M17.9M20.6M21.6M
Total Current Assets34.5M30.6M223.0M211.8M295.1M309.8M
Short Term Debt8.9M17.9M59.2K35.7K41.1K39.1K
Intangible Assets1.3M1.1M1.1M3.3M5.6M5.9M
Common Stock42.0M52.6M136.7M136.9M145.1M152.4M
Property Plant Equipment224.6K49.2K218.0K161.4K145.3K151.0K
Short Long Term Debt Total8.9M17.9M94.0K35.7K32.2K30.6K
Current Deferred Revenue(25.1M)178.3K120.6K9.4K10.8K11.3K
Net Debt8.0M16.3M(40.9M)(42.6M)(78.2M)(74.2M)
Non Current Assets Total1.5M1.1M1.3M5.3M6.6M6.9M
Cash And Short Term Investments949.0K1.6M40.9M42.6M78.2M82.1M
Liabilities And Stockholders Equity36.0M31.7M224.3M217.1M301.6M316.7M
Capital Surpluse7.0M6.5M13.7M15.2M17.5M9.7M
Other Current Assets28.7M27.6M176.9M152.6M210.8M221.3M
Accumulated Other Comprehensive Income(39.8K)(37.9K)(30.6K)(79.8K)(66.1K)(62.8K)
Property Plant And Equipment Net224.6K49.2K218.0K161.4K111.0K152.1K
Net Invested Capital10.7M5.7M47.9M49.6M71.2M74.8M
Net Working Capital461.7K(13.3M)46.6M44.4M64.7M67.9M

Pair Trading with Payfare

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 Payfare 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 Payfare will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
The correlation of Payfare 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 Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare 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 Payfare 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

Other Information on Investing in Payfare Stock

Balance Sheet is a snapshot of the financial position of Payfare at a specified time, usually calculated after every quarter, six months, or one year. Payfare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Payfare 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 Payfare currently owns. An asset can also be divided into two categories, current and non-current.