Wallbridge Free Cash Flow Yield vs Pb Ratio Analysis

WM Stock  CAD 0.07  0.01  16.67%   
Wallbridge Mining financial indicator trend analysis is more than just analyzing Wallbridge Mining current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wallbridge Mining is a good investment. Please check the relationship between Wallbridge Mining Free Cash Flow Yield and its Pb Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbridge Mining. 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.

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 Wallbridge Mining Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Wallbridge Mining's Free Cash Flow Yield and Pb Ratio is 0.53. 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 Wallbridge Mining, assuming nothing else is changed. The correlation between historical values of Wallbridge Mining'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 Wallbridge Mining 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., Wallbridge Mining's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

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 Wallbridge Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wallbridge Mining 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbridge Mining. 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.
At this time, Wallbridge Mining's Selling General Administrative is very stable compared to the past year. As of the 4th of January 2025, Issuance Of Capital Stock is likely to grow to about 27.9 M, while Tax Provision is likely to drop about 3.1 M.
 2022 2023 2024 2025 (projected)
Net Interest Income847.2K1.5M1.8M1.8M
Interest Income2.2M1.5M1.8M1.8M

Wallbridge Mining fundamental ratios Correlations

-0.360.471.00.99-0.67-0.90.220.720.990.650.710.760.970.920.780.910.990.820.470.9-0.32-0.1-0.321.01.0
-0.360.4-0.38-0.330.350.190.27-0.28-0.35-0.22-0.28-0.31-0.26-0.340.02-0.1-0.33-0.32-0.21-0.30.980.04-0.08-0.36-0.36
0.470.40.440.46-0.33-0.480.850.410.440.330.420.490.50.350.540.680.450.510.410.460.50.39-0.150.450.45
1.0-0.380.440.99-0.69-0.890.210.730.990.660.730.770.970.910.770.890.980.830.450.89-0.34-0.11-0.331.00.99
0.99-0.330.460.99-0.57-0.920.180.621.00.550.620.740.980.960.780.931.00.740.530.92-0.29-0.13-0.350.990.99
-0.670.35-0.33-0.69-0.570.49-0.32-0.99-0.58-0.94-0.99-0.5-0.59-0.39-0.51-0.44-0.57-0.95-0.01-0.490.32-0.070.31-0.68-0.65
-0.90.19-0.48-0.89-0.920.49-0.17-0.54-0.92-0.51-0.54-0.61-0.95-0.91-0.91-0.91-0.92-0.64-0.6-0.890.160.130.33-0.91-0.91
0.220.270.850.210.18-0.32-0.170.340.160.260.360.530.190.00.270.340.170.460.230.090.350.61-0.040.20.18
0.72-0.280.410.730.62-0.99-0.540.340.630.941.00.50.650.440.550.520.620.960.060.56-0.240.06-0.340.720.69
0.99-0.350.440.991.0-0.58-0.920.160.630.560.620.740.980.960.770.931.00.750.510.92-0.31-0.15-0.310.990.99
0.65-0.220.330.660.55-0.94-0.510.260.940.560.940.420.570.370.570.420.540.88-0.010.46-0.190.07-0.280.650.62
0.71-0.280.420.730.62-0.99-0.540.361.00.620.940.50.650.440.550.510.610.960.070.56-0.240.08-0.330.720.69
0.76-0.310.490.770.74-0.5-0.610.530.50.740.420.50.670.590.560.660.740.710.250.49-0.260.07-0.190.740.73
0.97-0.260.50.970.98-0.59-0.950.190.650.980.570.650.670.950.810.950.980.750.540.94-0.22-0.16-0.370.980.98
0.92-0.340.350.910.96-0.39-0.910.00.440.960.370.440.590.950.710.920.960.560.620.95-0.31-0.22-0.260.920.94
0.780.020.540.770.78-0.51-0.910.270.550.770.570.550.560.810.710.770.780.630.410.720.03-0.06-0.240.780.77
0.91-0.10.680.890.93-0.44-0.910.340.520.930.420.510.660.950.920.770.930.640.650.93-0.04-0.01-0.270.910.92
0.99-0.330.450.981.0-0.57-0.920.170.621.00.540.610.740.980.960.780.930.740.530.92-0.29-0.14-0.350.990.99
0.82-0.320.510.830.74-0.95-0.640.460.960.750.880.960.710.750.560.630.640.740.190.63-0.280.12-0.310.820.8
0.47-0.210.410.450.53-0.01-0.60.230.060.51-0.010.070.250.540.620.410.650.530.190.68-0.180.450.080.480.5
0.9-0.30.460.890.92-0.49-0.890.090.560.920.460.560.490.940.950.720.930.920.630.68-0.25-0.07-0.210.90.92
-0.320.980.5-0.34-0.290.320.160.35-0.24-0.31-0.19-0.24-0.26-0.22-0.310.03-0.04-0.29-0.28-0.18-0.250.07-0.09-0.32-0.32
-0.10.040.39-0.11-0.13-0.070.130.610.06-0.150.070.080.07-0.16-0.22-0.06-0.01-0.140.120.45-0.070.070.36-0.11-0.12
-0.32-0.08-0.15-0.33-0.350.310.33-0.04-0.34-0.31-0.28-0.33-0.19-0.37-0.26-0.24-0.27-0.35-0.310.08-0.21-0.090.36-0.37-0.36
1.0-0.360.451.00.99-0.68-0.910.20.720.990.650.720.740.980.920.780.910.990.820.480.9-0.32-0.11-0.371.0
1.0-0.360.450.990.99-0.65-0.910.180.690.990.620.690.730.980.940.770.920.990.80.50.92-0.32-0.12-0.361.0
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Wallbridge Mining Account Relationship Matchups

Wallbridge Mining fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets329.2M350.1M320.1M331.2M380.8M399.9M
Short Long Term Debt Total227.4K98.6K40.5K26.3K30.3K28.8K
Total Current Liabilities10.7M14.0M8.0M9.5M10.9M11.4M
Total Stockholder Equity309.8M320.1M289.2M296.0M340.4M357.4M
Property Plant And Equipment Net218.1M273.5M267.0M284.8M327.5M343.9M
Net Debt(84.8M)(38.8M)(23.6M)(29.8M)(26.8M)(25.5M)
Retained Earnings(74.4M)(82.3M)(113.8M)(124.3M)(111.8M)(106.2M)
Accounts Payable6.0M10.6M2.9M2.0M2.3M2.6M
Cash85.0M38.9M23.7M29.8M34.3M36.0M
Non Current Assets Total231.3M278.0M277.9M289.0M332.4M349.0M
Non Currrent Assets Other12.0M3.3M5.9M3.3M3.7M2.8M
Cash And Short Term Investments85.9M39.1M23.7M29.8M34.3M36.0M
Net Receivables11.7M32.6M15.5M9.2M10.5M11.1M
Common Stock Shares Outstanding689.1M808.1M872.9M941.5M1.1B1.1B
Liabilities And Stockholders Equity329.2M350.1M320.1M331.2M380.8M399.9M
Non Current Liabilities Total8.6M16.0M22.9M25.7M29.6M31.1M
Other Stockholder Equity11.9M10.9M12.3M13.6M12.3M10.0M
Total Liab19.3M30.0M30.9M35.2M40.5M42.5M
Property Plant And Equipment Gross218.1M277.2M272.1M291.5M335.2M352.0M
Total Current Assets97.8M72.1M42.2M42.1M48.4M50.9M
Accumulated Other Comprehensive Income(384.7K)(96.2K)(71.0K)58.5K52.6K50.0K
Other Current Assets182.2K433.1K2.5M3.1M3.6M3.8M
Other Current Liab4.5M3.4M5.1M7.5M8.6M9.0M
Short Term Debt126.4K97.2K11.7K9.1K10.5K10.0K
Short Term Investments842.6K115.3K52.5K649.78747.25709.88
Common Stock372.4M391.5M390.7M406.6M467.6M490.9M
Current Deferred Revenue999.4K2.0M4.5M(2.0M)(2.3M)(2.2M)
Other Liab3.2M8.5M16.0M22.8M26.2M27.6M
Net Tangible Assets103.3M309.8M320.1M289.2M332.6M349.2M
Other Assets6.0M12.0M3.3M3.3M3.7M3.0M
Long Term Investments1.2M1.2M5.0M978.5K880.7K1.7M
Property Plant Equipment48.8M218.1M273.5M267.0M307.1M322.5M
Capital Surpluse8.0M11.6M10.8M12.3M14.2M10.4M
Long Term Debt Total170.1K101.1K1.4K28.9K26.0K24.7K
Cash And Equivalents57.1M85.0M38.9M23.7M27.2M34.0M
Net Invested Capital309.8M320.1M289.2M296.0M340.4M218.1M
Net Working Capital87.1M58.1M34.1M32.7M37.6M39.4M

Pair Trading with Wallbridge Mining

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 Wallbridge Mining 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 Wallbridge Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Wallbridge Stock

  0.72ORE Orezone Gold CorpPairCorr
  0.62FDY Faraday Copper CorpPairCorr

Moving against Wallbridge Stock

  0.56FDR Flinders ResourcesPairCorr
The ability to find closely correlated positions to Wallbridge Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wallbridge Mining 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 Wallbridge Mining - 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 Wallbridge Mining to buy it.
The correlation of Wallbridge Mining 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 Wallbridge Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wallbridge Mining 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 Wallbridge Mining 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 Wallbridge Stock

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