Pembina Days Sales Outstanding vs Dividend Yield Analysis
PPL Stock | CAD 57.68 0.03 0.05% |
Pembina Pipeline financial indicator trend analysis is much more than just breaking down Pembina Pipeline Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pembina Pipeline Corp is a good investment. Please check the relationship between Pembina Pipeline Days Sales Outstanding and its Dividend Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pembina Pipeline 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.
Days Sales Outstanding vs Dividend Yield
Days Sales Outstanding vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pembina Pipeline Corp Days Sales Outstanding account and Dividend Yield. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pembina Pipeline's Days Sales Outstanding and Dividend Yield is 0.45. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Pembina Pipeline Corp, assuming nothing else is changed. The correlation between historical values of Pembina Pipeline's Days Sales Outstanding and Dividend 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 Days Sales Outstanding of Pembina Pipeline Corp are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Days Sales Outstanding i.e., Pembina Pipeline's Days Sales Outstanding and Dividend Yield go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Days Sales Outstanding
Dividend Yield
Dividend Yield is Pembina Pipeline Corp dividend as a percentage of Pembina Pipeline stock price. Pembina Pipeline Corp dividend yield is a measure of Pembina Pipeline stock productivity, which can be interpreted as interest rate earned on an Pembina Pipeline investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Most indicators from Pembina Pipeline's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pembina Pipeline 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pembina Pipeline 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, Pembina Pipeline's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.32, while Tax Provision is likely to drop about 246.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6B | 3.1B | 2.8B | 3.0B | Total Revenue | 8.6B | 11.6B | 9.1B | 9.6B |
Pembina Pipeline fundamental ratios Correlations
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Pembina Pipeline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pembina Pipeline fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.2B | 31.4B | 31.5B | 31.5B | 32.6B | 34.2B | |
Other Current Liab | 404M | 530M | 606M | 752M | 1.9B | 2.0B | |
Total Current Liabilities | 1.5B | 1.8B | 2.4B | 2.0B | 3.2B | 3.4B | |
Total Stockholder Equity | 16.7B | 15.0B | 14.3B | 15.7B | 15.8B | 16.6B | |
Property Plant And Equipment Net | 19.6B | 19.2B | 18.8B | 16.0B | 16.3B | 17.1B | |
Net Debt | 10.8B | 11.6B | 11.9B | 11.2B | 11.0B | 11.6B | |
Retained Earnings | (1.9B) | (3.6B) | (3.9B) | (2.6B) | (2.4B) | (2.3B) | |
Accounts Payable | 717M | 434M | 625M | 571M | 555M | 582.8M | |
Cash | 129M | 81M | 43M | 94M | 137M | 69.6M | |
Non Current Assets Total | 32.2B | 30.4B | 30.2B | 30.1B | 30.0B | 31.5B | |
Non Currrent Assets Other | 186M | 188M | 320M | 315M | 327M | 343.4M | |
Cash And Short Term Investments | 129M | 81M | 43M | 94M | 137M | 69.6M | |
Net Receivables | 575M | 638M | 780M | 696M | 698M | 732.9M | |
Common Stock Shares Outstanding | 509M | 514M | 550M | 551M | 554M | 291.3M | |
Liabilities And Stockholders Equity | 33.2B | 31.4B | 31.5B | 31.5B | 32.6B | 34.2B | |
Other Stockholder Equity | 98M | 2M | 28M | 341M | 306.9M | 387.1M | |
Total Liab | 16.4B | 16.4B | 17.1B | 15.7B | 16.8B | 17.6B | |
Property Plant And Equipment Gross | 19.6B | 19.2B | 22.7B | 19.8B | 20.3B | 21.3B | |
Total Current Assets | 987M | 989M | 1.2B | 1.4B | 2.6B | 2.8B | |
Accumulated Other Comprehensive Income | 98M | 2M | 28M | 341M | 221M | 232.1M | |
Short Long Term Debt Total | 11.0B | 11.7B | 12.0B | 11.3B | 11.1B | 11.7B | |
Non Current Liabilities Total | 14.9B | 14.6B | 14.7B | 13.6B | 13.6B | 14.3B | |
Short Term Debt | 186M | 699M | 1.1B | 679M | 727M | 763.4M | |
Current Deferred Revenue | 39M | 62M | 71M | 56M | 33M | 31.4M | |
Other Current Assets | 159M | 49M | 46M | 321M | 1.5B | 1.5B | |
Intangible Assets | 1.7B | 1.6B | 1.5B | 1.6B | 1.5B | 794.3M | |
Good Will | 4.7B | 4.7B | 4.7B | 4.6B | 4.6B | 2.5B | |
Common Stock Total Equity | 13.4B | 13.7B | 15.5B | 15.6B | 18.0B | 9.0B | |
Inventory | 126M | 221M | 376M | 269M | 333M | 180.3M | |
Common Stock | 15.5B | 15.6B | 15.7B | 15.8B | 15.8B | 10.7B | |
Other Liab | 3.7B | 3.7B | 3.8B | 3.0B | 3.5B | 3.0B | |
Net Tangible Assets | 7.4B | 5.7B | 5.5B | 7.4B | 8.5B | 5.8B | |
Other Assets | 295M | 510M | 577M | 357M | 410.6M | 226.5M | |
Long Term Debt | 10.1B | 10.3B | 10.2B | 10B | 9.8B | 7.7B | |
Long Term Investments | 6.0B | 4.4B | 4.6B | 7.4B | 7.0B | 4.3B | |
Short Long Term Debt | 480M | 74M | 600M | 1B | 650M | 433.7M | |
Property Plant Equipment | 19.1B | 19.2B | 18.8B | 16.0B | 18.4B | 14.9B | |
Long Term Debt Total | 10.8B | 11.0B | 10.9B | 10.6B | 12.2B | 8.9B |
Pair Trading with Pembina Pipeline
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 Pembina Pipeline 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 Pembina Pipeline will appreciate offsetting losses from the drop in the long position's value.Moving together with Pembina Stock
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0.79 | ENB-PFU | Enbridge Pref L | PairCorr |
0.84 | ENS | E Split Corp | PairCorr |
0.71 | ENS-PA | E Split Corp | PairCorr |
Moving against Pembina Stock
The ability to find closely correlated positions to Pembina Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pembina Pipeline 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 Pembina Pipeline - 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 Pembina Pipeline Corp to buy it.
The correlation of Pembina Pipeline 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 Pembina Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pembina Pipeline 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 Pembina Pipeline 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pembina Pipeline 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. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.