Greenfire Historical Financial Ratios
| GFR Stock | 9.51 0.13 1.35% |
Greenfire Resources is recently reporting on over 55 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.53 or Days Sales Outstanding of 34.23 will help investors to properly organize and evaluate Greenfire Resources financial condition quickly.
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About Greenfire Financial Ratios Analysis
Greenfire ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Greenfire Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Greenfire financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Greenfire Resources history.
Greenfire Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Greenfire Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Greenfire Resources sales, a figure that is much harder to manipulate than other Greenfire Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Greenfire Resources. There are two different methods for calculating Greenfire Resources invested capital: operating approach and financing approach. Understanding Greenfire Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Most ratios from Greenfire Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Greenfire Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. 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. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.At this time, Greenfire Resources' PTB Ratio is very stable compared to the past year. As of the 15th of December 2024, PB Ratio is likely to grow to 0.53, while Book Value Per Share is likely to drop 9.74.
| 2010 | 2023 | 2024 (projected) | Dividend Yield | 0.17 | 0.15 | 0.14 | Price To Sales Ratio | 1.96 | 0.52 | 0.49 |
Greenfire Resources fundamentals Correlations
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Greenfire Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Greenfire 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 Greenfire 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Greenfire 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 Greenfire 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 Greenfire 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 Greenfire Resources to buy it.
The correlation of Greenfire 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire 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 Greenfire 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. 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. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.