Fortuna Days Sales Outstanding vs Ptb Ratio Analysis
FVI Stock | CAD 7.26 0.19 2.69% |
Fortuna Silver financial indicator trend analysis is much more than just examining Fortuna Silver Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortuna Silver Mines is a good investment. Please check the relationship between Fortuna Silver Days Sales Outstanding and its Ptb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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 Ptb Ratio
Days Sales Outstanding vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortuna Silver Mines Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fortuna Silver's Days Sales Outstanding and Ptb Ratio is -0.37. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Fortuna Silver Mines, assuming nothing else is changed. The correlation between historical values of Fortuna Silver's Days Sales Outstanding and Ptb 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 Days Sales Outstanding of Fortuna Silver Mines are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Fortuna Silver's Days Sales Outstanding and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Days Sales Outstanding
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most indicators from Fortuna Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortuna Silver Mines 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 Fortuna Silver Mines. 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, Fortuna Silver's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Over EBITDA is likely to grow to 5.80, while Tax Provision is likely to drop about 31.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 205.5M | 146.8M | 190.0M | 199.5M | Total Revenue | 599.9M | 681.5M | 842.4M | 884.5M |
Fortuna Silver fundamental ratios Correlations
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Fortuna Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortuna Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 936.1M | 1.1B | 2.0B | 1.9B | 2.0B | 2.1B | |
Other Current Liab | 51.5M | 32.5M | 53.2M | 41.5M | 52.8M | 55.4M | |
Total Current Liabilities | 89.8M | 96.4M | 166.8M | 135.1M | 243.8M | 256.0M | |
Total Stockholder Equity | 635.4M | 725.8M | 1.4B | 1.2B | 1.2B | 1.3B | |
Net Debt | 87.0M | 46.2M | 79.8M | 160.0M | 136.1M | 142.9M | |
Retained Earnings | 187.2M | 208.7M | 266.6M | 138.5M | 87.6M | 65.3M | |
Accounts Payable | 16.0M | 31.6M | 82.5M | 72.6M | 100.4M | 105.4M | |
Cash | 83.4M | 131.9M | 107.1M | 80.5M | 128.1M | 134.6M | |
Cash And Short Term Investments | 83.4M | 133.0M | 107.5M | 80.6M | 128.1M | 73.4M | |
Net Receivables | 33.6M | 26.3M | 25.7M | 24.0M | 20.0M | 16.2M | |
Common Stock Total Equity | 418.2M | 420.5M | 422.1M | 492.3M | 566.2M | 594.5M | |
Common Stock Shares Outstanding | 164.5M | 186.1M | 249.4M | 291.3M | 295.1M | 309.8M | |
Liabilities And Stockholders Equity | 936.1M | 1.1B | 2.0B | 1.9B | 2.0B | 2.1B | |
Non Current Liabilities Total | 210.9M | 233.1M | 425.6M | 452.4M | 436.0M | 457.8M | |
Other Stockholder Equity | 26.1M | 24.7M | 28.8M | 2.1M | 1.0 | 0.95 | |
Total Liab | 300.6M | 329.6M | 592.4M | 587.5M | 679.7M | 713.7M | |
Total Current Assets | 152.1M | 248.1M | 281.1M | 252.7M | 333.3M | 350.0M | |
Common Stock | 422.1M | 492.3M | 1.1B | 1.1B | 1.1B | 1.2B | |
Other Current Assets | 20.6M | 53.5M | 62.0M | 56.2M | 69.4M | 72.9M | |
Short Long Term Debt Total | 170.4M | 178.1M | 186.9M | 240.5M | 264.2M | 277.5M | |
Property Plant And Equipment Net | 732.0M | 791.1M | 1.7B | 1.6B | 1.6B | 1.7B | |
Current Deferred Revenue | 39.1M | 58.6M | 70.6M | 84.5M | 97.1M | 102.0M | |
Non Current Assets Total | 783.9M | 807.3M | 1.7B | 1.6B | 1.6B | 1.7B | |
Other Assets | 52.9M | 16.1M | 28.5M | 1K | 1.2K | 1.1K | |
Property Plant And Equipment Gross | 732.0M | 791.1M | 2.2B | 2.4B | 2.8B | 2.9B | |
Short Term Debt | 9.7M | 8.1M | 10.5M | 9.4M | 58.8M | 61.8M | |
Inventory | 14.5M | 35.3M | 85.8M | 92.0M | 115.8M | 121.6M | |
Accumulated Other Comprehensive Income | 26.1M | 24.7M | 28.8M | 29.9M | 25.3M | 16.8M | |
Non Currrent Assets Other | 50.6M | 16.1M | 28.5M | 55.9M | 60.3M | 63.3M | |
Short Term Investments | 0.0 | 1.1M | 416K | 78K | 70.2K | 66.7K | |
Other Liab | 49.3M | 62.0M | 249.2M | 221.3M | 254.5M | 267.3M | |
Net Tangible Assets | 635.4M | 725.8M | 1.4B | 1.2B | 1.4B | 1.5B | |
Short Long Term Debt | 40.8M | 224K | 894K | 43.9M | 50.5M | 53.0M | |
Property Plant Equipment | 729.2M | 791.1M | 1.7B | 1.6B | 1.8B | 1.9B | |
Long Term Debt | 146.5M | 158.6M | 157.5M | 219.2M | 162.9M | 126.3M | |
Long Term Debt Total | 161.6M | 171.1M | 176.4M | 231.1M | 265.8M | 279.1M | |
Capital Lease Obligations | 23.9M | 19.5M | 29.4M | 21.3M | 57.4M | 60.3M | |
Non Current Liabilities Other | 253K | 259K | 3.3M | 2.6M | 10.0M | 10.5M |
Pair Trading with Fortuna Silver
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 Fortuna Silver 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 Fortuna Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortuna Stock
Moving against Fortuna Stock
The ability to find closely correlated positions to Fortuna Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortuna Silver 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 Fortuna Silver - 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 Fortuna Silver Mines to buy it.
The correlation of Fortuna Silver 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 Fortuna Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortuna Silver Mines 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 Fortuna Silver 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..