PCTTU Stock | | | USD 15.72 0.16 1.01% |
Purecycle Technologies financial indicator trend analysis is much more than just breaking down Purecycle Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Purecycle Technologies is a good investment. Please check the relationship between Purecycle Technologies Stock Based Compensation and its Depreciation accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purecycle Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Purecycle Stock please use our
How to Invest in Purecycle Technologies guide.
Stock Based Compensation vs Depreciation
Stock Based Compensation vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Purecycle Technologies Stock Based Compensation account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Purecycle Technologies' Stock Based Compensation and Depreciation is 0.49. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Depreciation in the same time period over historical financial statements of Purecycle Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Purecycle Technologies' Stock Based Compensation and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Purecycle Technologies Holdings are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Stock Based Compensation i.e., Purecycle Technologies' Stock Based Compensation and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Depreciation
Depreciation indicates how much of Purecycle Technologies value has been used up. For tax purposes Purecycle Technologies can deduct the cost of the tangible assets it purchases as business expenses. However, Purecycle Technologies Holdings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Purecycle Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Purecycle Technologies 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 Purecycle Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Purecycle Stock please use our
How to Invest in Purecycle Technologies guide.
Tax Provision is likely to gain to about 682.5
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 39.5
M in 2024.
Purecycle Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Purecycle Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Purecycle Technologies fundamental ratios Accounts
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Additional Tools for Purecycle Stock Analysis
When running Purecycle Technologies' price analysis, check to
measure Purecycle Technologies' 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 Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to
predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.