Pieridae Cash And Short Term Investments vs Total Current Assets Analysis
PEA Stock | CAD 0.26 0.01 3.70% |
Pieridae Energy financial indicator trend analysis is much more than just breaking down Pieridae Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pieridae Energy is a good investment. Please check the relationship between Pieridae Energy Cash And Short Term Investments and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pieridae 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.
Cash And Short Term Investments vs Total Current Assets
Cash And Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pieridae Energy Cash And Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pieridae Energy's Cash And Short Term Investments and Total Current Assets is 0.6. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Pieridae Energy, assuming nothing else is changed. The correlation between historical values of Pieridae Energy's Cash And Short Term Investments and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Pieridae Energy are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Pieridae Energy's Cash And Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Pieridae Energy balance sheet. This account contains Pieridae Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Pieridae Energy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Pieridae Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pieridae 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pieridae 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, Pieridae Energy's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value Multiple is likely to grow to 2.14, while Selling General Administrative is likely to drop about 13 M.
Pieridae Energy fundamental ratios Correlations
Click cells to compare fundamentals
Pieridae Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pieridae Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 602.5M | 612.7M | 622.5M | 615.5M | 638.5M | 670.5M | |
Other Current Liab | 45K | 5.9M | 6.9M | 21.7M | 9.2M | 9.6M | |
Total Current Liabilities | 77.5M | 106.8M | 172.4M | 343.6M | 163.9M | 172.1M | |
Total Stockholder Equity | 104.5M | 4.6M | (32.8M) | 115.1M | 174.7M | 183.5M | |
Property Plant And Equipment Net | 501.6M | 521.0M | 537.2M | 409.6M | 404.4M | 424.6M | |
Net Debt | 198.9M | 211.5M | 208.1M | 184.7M | 156.7M | 164.6M | |
Retained Earnings | (184.1M) | (284.7M) | (324.3M) | (177.8M) | (168.8M) | (160.3M) | |
Accounts Payable | 73.6M | 98.8M | 142.3M | 116.8M | 121.9M | 128.0M | |
Cash | 9.6M | 11.1M | 26.2M | 22.3M | 19.0M | 20.0M | |
Non Current Assets Total | 505.9M | 525.4M | 537.8M | 488.5M | 495.4M | 520.2M | |
Non Currrent Assets Other | 1.6M | 600K | 790K | 8.0M | 7.2M | 4.7M | |
Cash And Short Term Investments | 9.6M | 11.1M | 26.2M | 22.3M | 19.0M | 9.6M | |
Net Receivables | 40.8M | 44.9M | 49.6M | 74.5M | 61.5M | 64.6M | |
Common Stock Total Equity | 128.8M | 193.3M | 274.8M | 274.3M | 315.5M | 331.2M | |
Common Stock Shares Outstanding | 98.6M | 158.1M | 157.6M | 161.0M | 162.9M | 171.0M | |
Liabilities And Stockholders Equity | 602.5M | 612.7M | 622.5M | 615.5M | 638.5M | 670.5M | |
Non Current Liabilities Total | 420.7M | 501.4M | 483.3M | 157.1M | 300.3M | 315.3M | |
Total Liab | 498.2M | 608.3M | 655.8M | 500.7M | 464.1M | 487.3M | |
Property Plant And Equipment Gross | 501.6M | 521.0M | 669.1M | 556.8M | 661.8M | 694.9M | |
Total Current Assets | 96.6M | 87.2M | 84.8M | 126.9M | 143.1M | 150.3M | |
Short Term Debt | 2.7M | 2.0M | 23.2M | 205.1M | 32.8M | 18.7M | |
Common Stock | 193.3M | 274.8M | 274.3M | 275.9M | 275.9M | 164.8M | |
Other Current Assets | 22.7M | 7.4M | 6.4M | 505K | 58.9M | 61.9M | |
Other Stockholder Equity | 11.4M | 12.4M | 14.2M | 14.2M | 13.2M | 12.1M | |
Short Long Term Debt Total | 208.5M | 222.6M | 234.3M | 206.9M | 175.7M | 93.1M | |
Accumulated Other Comprehensive Income | 2.4M | 2.6M | 3.0M | 2.8M | 54.4M | 57.1M | |
Inventory | 23.5M | 23.9M | 2.5M | 3.1M | 3.7M | 5.2M | |
Long Term Debt | 0.0 | 202.9M | 219.6M | 209.9M | 141.5M | 94.6M | |
Long Term Debt Total | 205.8M | 220.5M | 211.1M | 1.8M | 2.1M | 2.0M | |
Capital Surpluse | 10.5M | 12.4M | 12.9M | 12.8M | 14.7M | 10.4M | |
Property Plant Equipment | 501.6M | 521.0M | 537.2M | 409.6M | 471.0M | 328.9M | |
Net Tangible Assets | 91.9M | 104.5M | 4.6M | (32.8M) | (29.5M) | (28.1M) | |
Other Assets | 1.6M | 600K | 790K | 78.9M | 90.8M | 95.3M | |
Long Term Investments | 3.7M | 3.7M | 3.7M | 3.7M | 3.3M | 3.2M | |
Short Long Term Debt | 32K | 50.0M | 21.7M | 203.3M | 30.7M | 56.0M | |
Cash And Equivalents | 9.6M | 11.1M | 26.2M | 22.3M | 25.6M | 15.5M | |
Other Liab | 166.7M | 214.9M | 280.9M | 272.2M | 313.0M | 206.3M | |
Net Invested Capital | 307.4M | 224.2M | 198.7M | 318.4M | 347.0M | 251.0M |
Pair Trading with Pieridae Energy
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 Pieridae Energy 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 Pieridae Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Pieridae Stock
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The ability to find closely correlated positions to Pieridae Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pieridae Energy 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 Pieridae Energy - 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 Pieridae Energy to buy it.
The correlation of Pieridae Energy 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 Pieridae Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pieridae 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 Pieridae Energy 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 Pieridae Stock
Balance Sheet is a snapshot of the financial position of Pieridae Energy at a specified time, usually calculated after every quarter, six months, or one year. Pieridae Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Pieridae Energy 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 Pieridae currently owns. An asset can also be divided into two categories, current and non-current.