Companhia Capital Stock vs Net Debt Analysis

ELP Stock

USD 6.47 0.17 2.56%

Companhia Paranaense financial indicator trend analysis is way more than just evaluating Companhia Paranaense prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Companhia Paranaense is a good investment. Please check the relationship between Companhia Paranaense Capital Stock and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Companhia Paranaense de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Capital Stock vs Net Debt

Capital Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Companhia Paranaense Capital Stock account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Companhia Paranaense's Capital Stock and Net Debt is 0.61. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of Companhia Paranaense de, assuming nothing else is changed. The correlation between historical values of Companhia Paranaense's Capital Stock and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Companhia Paranaense de are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Capital Stock i.e., Companhia Paranaense's Capital Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Companhia Paranaense's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Companhia Paranaense 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Companhia Paranaense de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Companhia Paranaense's Discontinued Operations is relatively stable compared to the past year. As of 12/01/2024, Issuance Of Capital Stock is likely to grow to about 2.1 B, while Sales General And Administrative To Revenue is likely to drop 0.04.

	2021	2022	2023	2024 (projected)
Gross Profit	4.9B	5.0B	5.7B	2.9B
Total Revenue	24.0B	21.9B	21.5B	10.9B

Gross Profit Total Revenue

Companhia Paranaense fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.95	0.92	0.96	0.8	0.78	0.85	0.98	0.74	0.89	1.0	0.96	0.86	0.65	-0.86	0.99	0.65	0.86	-0.45	1.0	0.97	0.56	0.79	0.94	0.46	0.92
Short Long Term Debt Total	0.95		0.83	0.92	0.74	0.85	0.96	0.9	0.67	0.82	0.96	0.85	0.79	0.69	-0.69	0.95	0.54	0.71	-0.54	0.96	0.88	0.65	0.73	0.86	0.46	0.96
Other Current Liab	0.92	0.83		0.94	0.7	0.63	0.71	0.89	0.65	0.86	0.9	0.93	0.8	0.52	-0.88	0.9	0.53	0.92	-0.52	0.93	0.93	0.48	0.7	0.91	0.45	0.82
Total Current Liabilities	0.96	0.92	0.94		0.78	0.77	0.85	0.94	0.74	0.82	0.96	0.92	0.78	0.69	-0.81	0.93	0.6	0.83	-0.5	0.96	0.93	0.7	0.75	0.9	0.57	0.87
Total Stockholder Equity	0.8	0.74	0.7	0.78		0.88	0.71	0.79	0.93	0.6	0.81	0.79	0.58	0.86	-0.67	0.78	0.88	0.63	-0.35	0.79	0.74	0.66	0.97	0.72	0.53	0.69
Property Plant And Equipment Net	0.78	0.85	0.63	0.77	0.88		0.88	0.7	0.83	0.56	0.8	0.69	0.55	0.9	-0.47	0.77	0.68	0.45	-0.49	0.78	0.67	0.78	0.87	0.66	0.59	0.79
Net Debt	0.85	0.96	0.71	0.85	0.71	0.88		0.79	0.68	0.62	0.88	0.73	0.6	0.75	-0.54	0.85	0.52	0.53	-0.57	0.87	0.73	0.76	0.68	0.74	0.5	0.9
Retained Earnings	0.98	0.9	0.89	0.94	0.79	0.7	0.79		0.73	0.87	0.97	0.96	0.83	0.61	-0.9	0.96	0.67	0.89	-0.4	0.97	0.96	0.56	0.74	0.93	0.43	0.85
Accounts Payable	0.74	0.67	0.65	0.74	0.93	0.83	0.68	0.73		0.48	0.74	0.72	0.49	0.93	-0.6	0.7	0.9	0.54	-0.44	0.73	0.69	0.68	0.89	0.6	0.61	0.58
Cash	0.89	0.82	0.86	0.82	0.6	0.56	0.62	0.87	0.48		0.86	0.86	0.97	0.38	-0.81	0.89	0.43	0.86	-0.34	0.88	0.95	0.25	0.64	0.88	0.26	0.83
Non Current Assets Total	1.0	0.96	0.9	0.96	0.81	0.8	0.88	0.97	0.74	0.86		0.96	0.81	0.67	-0.84	0.99	0.65	0.83	-0.46	0.99	0.94	0.6	0.8	0.94	0.48	0.93
Non Currrent Assets Other	0.96	0.85	0.93	0.92	0.79	0.69	0.73	0.96	0.72	0.86	0.96		0.8	0.56	-0.94	0.96	0.68	0.93	-0.38	0.96	0.94	0.5	0.79	0.96	0.46	0.81
Cash And Short Term Investments	0.86	0.79	0.8	0.78	0.58	0.55	0.6	0.83	0.49	0.97	0.81	0.8		0.42	-0.73	0.84	0.46	0.78	-0.32	0.84	0.94	0.21	0.63	0.78	0.19	0.79
Net Receivables	0.65	0.69	0.52	0.69	0.86	0.9	0.75	0.61	0.93	0.38	0.67	0.56	0.42		-0.36	0.61	0.76	0.32	-0.42	0.65	0.59	0.75	0.84	0.46	0.65	0.61
Common Stock Shares Outstanding	-0.86	-0.69	-0.88	-0.81	-0.67	-0.47	-0.54	-0.9	-0.6	-0.81	-0.84	-0.94	-0.73	-0.36		-0.87	-0.57	-0.98	0.31	-0.86	-0.87	-0.33	-0.62	-0.93	-0.34	-0.69
Non Current Liabilities Total	0.99	0.95	0.9	0.93	0.78	0.77	0.85	0.96	0.7	0.89	0.99	0.96	0.84	0.61	-0.87		0.61	0.86	-0.46	0.99	0.95	0.52	0.77	0.95	0.42	0.93
Inventory	0.65	0.54	0.53	0.6	0.88	0.68	0.52	0.67	0.9	0.43	0.65	0.68	0.46	0.76	-0.57	0.61		0.48	-0.31	0.62	0.6	0.49	0.86	0.51	0.35	0.43
Other Current Assets	0.86	0.71	0.92	0.83	0.63	0.45	0.53	0.89	0.54	0.86	0.83	0.93	0.78	0.32	-0.98	0.86	0.48		-0.31	0.87	0.9	0.31	0.59	0.93	0.33	0.71
Other Stockholder Equity	-0.45	-0.54	-0.52	-0.5	-0.35	-0.49	-0.57	-0.4	-0.44	-0.34	-0.46	-0.38	-0.32	-0.42	0.31	-0.46	-0.31	-0.31		-0.48	-0.41	-0.49	-0.28	-0.38	-0.28	-0.46
Total Liab	1.0	0.96	0.93	0.96	0.79	0.78	0.87	0.97	0.73	0.88	0.99	0.96	0.84	0.65	-0.86	0.99	0.62	0.87	-0.48		0.96	0.58	0.78	0.95	0.48	0.93
Total Current Assets	0.97	0.88	0.93	0.93	0.74	0.67	0.73	0.96	0.69	0.95	0.94	0.94	0.94	0.59	-0.87	0.95	0.6	0.9	-0.41	0.96		0.43	0.74	0.91	0.4	0.85
Short Term Debt	0.56	0.65	0.48	0.7	0.66	0.78	0.76	0.56	0.68	0.25	0.6	0.5	0.21	0.75	-0.33	0.52	0.49	0.31	-0.49	0.58	0.43		0.57	0.48	0.76	0.54
Common Stock	0.79	0.73	0.7	0.75	0.97	0.87	0.68	0.74	0.89	0.64	0.8	0.79	0.63	0.84	-0.62	0.77	0.86	0.59	-0.28	0.78	0.74	0.57		0.7	0.51	0.69
Other Liab	0.94	0.86	0.91	0.9	0.72	0.66	0.74	0.93	0.6	0.88	0.94	0.96	0.78	0.46	-0.93	0.95	0.51	0.93	-0.38	0.95	0.91	0.48	0.7		0.46	0.87
Other Assets	0.46	0.46	0.45	0.57	0.53	0.59	0.5	0.43	0.61	0.26	0.48	0.46	0.19	0.65	-0.34	0.42	0.35	0.33	-0.28	0.48	0.4	0.76	0.51	0.46		0.43
Long Term Debt	0.92	0.96	0.82	0.87	0.69	0.79	0.9	0.85	0.58	0.83	0.93	0.81	0.79	0.61	-0.69	0.93	0.43	0.71	-0.46	0.93	0.85	0.54	0.69	0.87	0.43

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Companhia Paranaense Account Relationship Matchups

Companhia Paranaense fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.3B	46.8B	49.5B	49.7B	55.8B	58.6B
Short Long Term Debt Total	11.7B	10.0B	12.0B	12.7B	15.2B	16.0B
Other Current Liab	2.1B	4.7B	2.6B	3.4B	4.1B	4.3B
Total Current Liabilities	5.3B	9.7B	8.0B	7.2B	9.3B	9.8B
Total Stockholder Equity	17.3B	20.0B	21.8B	20.8B	23.9B	12.6B
Property Plant And Equipment Net	10.7B	9.6B	10.3B	10.3B	11.1B	8.7B
Net Debt	8.7B	6.8B	8.5B	10.0B	9.6B	10.1B
Retained Earnings	4.8B	8.8B	10.6B	9.4B	10.8B	11.3B
Accounts Payable	1.8B	2.3B	2.6B	2.1B	2.2B	1.2B
Cash	2.9B	3.2B	3.5B	2.7B	5.6B	5.9B
Non Current Assets Total	30.4B	35.4B	38.3B	40.4B	42.1B	44.2B
Non Currrent Assets Other	9.4B	15.8B	15.2B	16.0B	15.8B	16.6B
Cash And Short Term Investments	3.3B	3.2B	3.5B	2.7B	5.6B	5.9B
Net Receivables	4.2B	4.1B	4.6B	3.6B	4.0B	2.4B
Liabilities And Stockholders Equity	38.3B	46.8B	49.5B	49.7B	55.8B	58.6B
Non Current Liabilities Total	15.4B	16.9B	19.4B	21.4B	22.3B	23.4B
Inventory	130.4M	162.8M	197.8M	194.9M	174.7M	102.4M
Other Current Assets	219.2M	4.0B	2.9B	2.9B	3.9B	4.0B
Other Stockholder Equity	591.9M	353.3M	426.2M	(1.0)	1.0	0.95
Total Liab	20.7B	26.5B	27.4B	28.6B	31.6B	33.2B
Total Current Assets	7.9B	11.4B	11.2B	9.3B	13.7B	14.4B
Short Term Debt	1.5B	2.6B	2.8B	1.7B	2.0B	1.2B
Other Liab	4.6B	5.2B	9.4B	10.1B	11.6B	12.2B
Other Assets	10.6B	15.8B	15.4B	2.3B	2.6B	4.1B
Long Term Debt	10.2B	7.3B	9.1B	10.8B	13.1B	13.7B
Intangible Assets	6.3B	6.9B	9.2B	10.3B	11.2B	11.7B
Property Plant Equipment	10.7B	9.6B	10.3B	7.1B	8.1B	5.6B
Current Deferred Revenue	28.5M	33.7M	198.4M	754.5M	867.7M	911.1M
Property Plant And Equipment Gross	10.7B	9.6B	20.1B	20.6B	21.2B	22.2B
Accumulated Other Comprehensive Income	1.0B	353.3M	426.2M	593.4M	307.0M	298.4M
Short Term Investments	358.7M	1.5M	16.1M	93K	4.8M	4.5M
Net Tangible Assets	10.0B	10.9B	13.0B	12.6B	14.5B	9.3B
Deferred Long Term Liab	1.5B	1.2B	1.3B	383.7M	441.3M	419.2M
Long Term Investments	2.9B	3.2B	3.8B	4.0B	4.0B	2.8B
Short Long Term Debt	1.4B	2.6B	2.7B	1.6B	1.9B	1.7B
Long Term Debt Total	10.2B	7.4B	9.3B	11.0B	12.7B	8.2B
Capital Lease Obligations	96.6M	138.4M	212.7M	273.8M	270.4M	284.0M

Pair Trading with Companhia Paranaense

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 Companhia Paranaense 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 Companhia Paranaense will appreciate offsetting losses from the drop in the long position's value.

Moving together with Companhia Stock

0.98	ELPC	Companhia Paranaense	Pair Corr
0.76	AES	AES	Pair Corr

Moving against Companhia Stock

0.85	AY	Atlantica Sustainable	Pair Corr
0.78	NI	NiSource	Pair Corr
0.75	ALE	Allete Inc	Pair Corr
0.74	SRE	Sempra Energy	Pair Corr
0.66	VGAS	Verde Clean Fuels	Pair Corr

The ability to find closely correlated positions to Companhia Paranaense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Paranaense 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 Companhia Paranaense - 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 Companhia Paranaense de to buy it.

The correlation of Companhia Paranaense 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 Companhia Paranaense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Paranaense 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 Companhia Paranaense 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 Correlation Correlation Matching

Additional Tools for Companhia Stock Analysis

When running Companhia Paranaense's price analysis, check to measure Companhia Paranaense's 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 Companhia Paranaense is operating at the current time. Most of Companhia Paranaense's value examination focuses on studying past and present price action to predict the probability of Companhia Paranaense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Paranaense's price. Additionally, you may evaluate how the addition of Companhia Paranaense to your portfolios can decrease your overall portfolio volatility.

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