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 DirectionNegative 
Relationship StrengthInsignificant

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 Profit205.5M146.8M190.0M199.5M
Total Revenue599.9M681.5M842.4M884.5M

Fortuna Silver fundamental ratios Correlations

0.910.951.00.820.570.950.610.250.240.890.950.99-0.260.990.890.990.950.951.00.961.00.090.970.630.95
0.910.880.910.710.690.780.710.420.470.940.850.88-0.230.890.870.880.820.90.890.890.890.390.820.550.76
0.950.880.930.790.380.970.620.220.130.870.910.94-0.260.970.880.950.930.930.940.960.940.010.960.80.95
1.00.910.930.780.610.930.640.30.30.910.950.98-0.250.980.90.990.940.930.990.960.990.120.960.590.93
0.820.710.790.780.340.810.16-0.22-0.10.620.730.88-0.220.860.530.80.850.90.840.760.840.130.850.590.81
0.570.690.380.610.340.330.560.510.660.670.470.53-0.130.490.570.490.520.520.550.480.550.640.37-0.050.29
0.950.780.970.930.810.330.510.10.00.780.910.95-0.250.970.820.970.940.90.960.930.96-0.120.990.750.99
0.610.710.620.640.160.560.510.820.590.830.650.54-0.240.570.880.60.550.570.560.70.560.110.50.350.49
0.250.420.220.3-0.220.510.10.820.690.570.330.16-0.160.180.620.240.140.180.190.340.190.280.110.00.08
0.240.470.130.3-0.10.660.00.590.690.540.320.150.060.150.440.210.110.180.190.260.20.490.07-0.110.01
0.890.940.870.910.620.670.780.830.570.540.910.86-0.230.870.960.870.840.880.860.930.870.260.810.540.77
0.950.850.910.950.730.470.910.650.330.320.910.93-0.180.940.910.960.890.90.940.940.940.020.930.660.92
0.990.880.940.980.880.530.950.540.160.150.860.93-0.290.990.840.980.960.970.990.950.990.070.980.630.95
-0.26-0.23-0.26-0.25-0.22-0.13-0.25-0.24-0.160.06-0.23-0.18-0.29-0.28-0.27-0.25-0.26-0.3-0.25-0.34-0.25-0.02-0.26-0.25-0.24
0.990.890.970.980.860.490.970.570.180.150.870.940.99-0.280.860.980.970.970.990.970.990.050.980.690.96
0.890.870.880.90.530.570.820.880.620.440.960.910.84-0.270.860.890.830.830.850.930.850.090.830.60.82
0.990.880.950.990.80.490.970.60.240.210.870.960.98-0.250.980.890.940.930.990.970.990.020.980.650.97
0.950.820.930.940.850.520.940.550.140.110.840.890.96-0.260.970.830.940.950.960.940.950.010.940.670.94
0.950.90.930.930.90.520.90.570.180.180.880.90.97-0.30.970.830.930.950.940.940.950.140.930.690.89
1.00.890.940.990.840.550.960.560.190.190.860.940.99-0.250.990.850.990.960.940.951.00.070.980.620.95
0.960.890.960.960.760.480.930.70.340.260.930.940.95-0.340.970.930.970.940.940.950.95-0.010.950.680.93
1.00.890.940.990.840.550.960.560.190.20.870.940.99-0.250.990.850.990.950.951.00.950.090.980.620.95
0.090.390.010.120.130.64-0.120.110.280.490.260.020.07-0.020.050.090.020.010.140.07-0.010.09-0.06-0.2-0.16
0.970.820.960.960.850.370.990.50.110.070.810.930.98-0.260.980.830.980.940.930.980.950.98-0.060.720.99
0.630.550.80.590.59-0.050.750.350.0-0.110.540.660.63-0.250.690.60.650.670.690.620.680.62-0.20.720.76
0.950.760.950.930.810.290.990.490.080.010.770.920.95-0.240.960.820.970.940.890.950.930.95-0.160.990.76
Click cells to compare fundamentals

Fortuna Silver Account Relationship Matchups

Fortuna Silver fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets936.1M1.1B2.0B1.9B2.0B2.1B
Other Current Liab51.5M32.5M53.2M41.5M52.8M55.4M
Total Current Liabilities89.8M96.4M166.8M135.1M243.8M256.0M
Total Stockholder Equity635.4M725.8M1.4B1.2B1.2B1.3B
Net Debt87.0M46.2M79.8M160.0M136.1M142.9M
Retained Earnings187.2M208.7M266.6M138.5M87.6M65.3M
Accounts Payable16.0M31.6M82.5M72.6M100.4M105.4M
Cash83.4M131.9M107.1M80.5M128.1M134.6M
Cash And Short Term Investments83.4M133.0M107.5M80.6M128.1M73.4M
Net Receivables33.6M26.3M25.7M24.0M20.0M16.2M
Common Stock Total Equity418.2M420.5M422.1M492.3M566.2M594.5M
Common Stock Shares Outstanding164.5M186.1M249.4M291.3M295.1M309.8M
Liabilities And Stockholders Equity936.1M1.1B2.0B1.9B2.0B2.1B
Non Current Liabilities Total210.9M233.1M425.6M452.4M436.0M457.8M
Other Stockholder Equity26.1M24.7M28.8M2.1M1.00.95
Total Liab300.6M329.6M592.4M587.5M679.7M713.7M
Total Current Assets152.1M248.1M281.1M252.7M333.3M350.0M
Common Stock422.1M492.3M1.1B1.1B1.1B1.2B
Other Current Assets20.6M53.5M62.0M56.2M69.4M72.9M
Short Long Term Debt Total170.4M178.1M186.9M240.5M264.2M277.5M
Property Plant And Equipment Net732.0M791.1M1.7B1.6B1.6B1.7B
Current Deferred Revenue39.1M58.6M70.6M84.5M97.1M102.0M
Non Current Assets Total783.9M807.3M1.7B1.6B1.6B1.7B
Other Assets52.9M16.1M28.5M1K1.2K1.1K
Property Plant And Equipment Gross732.0M791.1M2.2B2.4B2.8B2.9B
Short Term Debt9.7M8.1M10.5M9.4M58.8M61.8M
Inventory14.5M35.3M85.8M92.0M115.8M121.6M
Accumulated Other Comprehensive Income26.1M24.7M28.8M29.9M25.3M16.8M
Non Currrent Assets Other50.6M16.1M28.5M55.9M60.3M63.3M
Short Term Investments0.01.1M416K78K70.2K66.7K
Other Liab49.3M62.0M249.2M221.3M254.5M267.3M
Net Tangible Assets635.4M725.8M1.4B1.2B1.4B1.5B
Short Long Term Debt40.8M224K894K43.9M50.5M53.0M
Property Plant Equipment729.2M791.1M1.7B1.6B1.8B1.9B
Long Term Debt146.5M158.6M157.5M219.2M162.9M126.3M
Long Term Debt Total161.6M171.1M176.4M231.1M265.8M279.1M
Capital Lease Obligations23.9M19.5M29.4M21.3M57.4M60.3M
Non Current Liabilities Other253K259K3.3M2.6M10.0M10.5M

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

  0.78AG First Majestic SilverPairCorr

Moving against Fortuna Stock

  0.48INFM Infinico Metals CorpPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Fortuna Silver Mines is a strong investment it is important to analyze Fortuna Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortuna Silver's future performance. For an informed investment choice regarding Fortuna Stock, refer to the following important reports:
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..
Please note, there is a significant difference between Fortuna Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortuna Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortuna Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.