Permian Price To Free Cash Flows Ratio from 2010 to 2024
| PR Stock | USD 15.59 0.05 0.32% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 11.31245531 | Current Value 11.88 | Quarterly Volatility 5.81468149 |
Check Permian Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Permian Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.1 B, Interest Expense of 186.1 M or Selling General Administrative of 104.2 M, as well as many indicators such as Price To Sales Ratio of 1.45, Dividend Yield of 0.0314 or PTB Ratio of 0.96. Permian financial statements analysis is a perfect complement when working with Permian Resources Valuation or Volatility modules.
Permian | Price To Free Cash Flows Ratio |
Latest Permian Resources' Price To Free Cash Flows Ratio Growth Pattern
Below is the plot of the Price To Free Cash Flows Ratio of Permian Resources over the last few years. It is Permian Resources' Price To Free Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Permian Resources' overall financial position and show how it may be relating to other accounts over time.
| Price To Free Cash Flows Ratio | 10 Years Trend |
|
Price To Free Cash Flows Ratio |
| Timeline |
Permian Price To Free Cash Flows Ratio Regression Statistics
| Arithmetic Mean | 0.42 | |
| Coefficient Of Variation | 1,369 | |
| Mean Deviation | 4.60 | |
| Median | (1.44) | |
| Standard Deviation | 5.81 | |
| Sample Variance | 33.81 | |
| Range | 18.184 | |
| R-Value | 0.63 | |
| Mean Square Error | 21.79 | |
| R-Squared | 0.40 | |
| Significance | 0.01 | |
| Slope | 0.82 | |
| Total Sum of Squares | 473.35 |
Permian Price To Free Cash Flows Ratio History
About Permian Resources Financial Statements
Permian Resources shareholders use historical fundamental indicators, such as Price To Free Cash Flows Ratio, to determine how well the company is positioned to perform in the future. Although Permian Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Permian Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Permian Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Free Cash Flows Ratio | 11.31 | 11.88 |
Pair Trading with Permian Resources
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 Permian Resources 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 Permian Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Permian Stock
| 0.89 | AR | Antero Resources Corp Potential Growth | PairCorr |
| 0.7 | EP | Empire Petroleum Corp | PairCorr |
| 0.79 | SM | SM Energy | PairCorr |
Moving against Permian Stock
| 0.65 | CKX | CKX Lands | PairCorr |
| 0.62 | BRY | Berry Petroleum Corp | PairCorr |
| 0.61 | BRN | Barnwell Industries | PairCorr |
| 0.37 | APA | APA Corporation | PairCorr |
The ability to find closely correlated positions to Permian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Permian Resources 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 Permian Resources - 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 Permian Resources to buy it.
The correlation of Permian Resources 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 Permian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Permian Resources 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 Permian Resources 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.Additional Tools for Permian Stock Analysis
When running Permian Resources' price analysis, check to measure Permian Resources' 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.