Greenlane Price To Sales Ratio vs Free Cash Flow Yield Analysis
GRN Stock | CAD 0.1 0.01 13.64% |
Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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.
Price To Sales Ratio vs Free Cash Flow Yield
Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.
The correlation between Greenlane Renewables' Price To Sales Ratio and Free Cash Flow Yield is 0.33. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Greenlane Renewables are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Greenlane Renewables' Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Greenlane Renewables stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Greenlane Renewables sales, a figure that is much harder to manipulate than other Greenlane Renewables 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.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlane Renewables 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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, Greenlane Renewables' Tax Provision is very stable compared to the past year. As of the 16th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.
Greenlane Renewables fundamental ratios Correlations
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Greenlane Renewables Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greenlane Renewables fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 26.6M | 43.2M | 78.8M | 83.4M | 54.4M | 52.6M | |
Other Current Liab | 3.9M | 8.2M | 19.6M | 20.5M | 17.8M | 12.8M | |
Total Current Liabilities | 7.2M | 16.7M | 21.9M | 25.8M | 24.7M | 17.7M | |
Total Stockholder Equity | 7.7M | 25.9M | 56.5M | 53.5M | 25.3M | 31.0M | |
Net Tangible Assets | (11.7M) | 7.6M | 39.6M | 27.1M | 31.1M | 32.7M | |
Net Debt | 9.5M | (9.8M) | (31.0M) | (20.1M) | (11.4M) | (12.0M) | |
Retained Earnings | (5.2M) | (7.7M) | (10.2M) | (15.7M) | (45.3M) | (43.0M) | |
Accounts Payable | 978K | 670K | 633K | 3.9M | 3.0M | 1.7M | |
Cash | 2.3M | 16.4M | 31.5M | 21.4M | 13.4M | 15.7M | |
Non Current Assets Total | 20.3M | 19.0M | 17.7M | 30.4M | 13.0M | 18.4M | |
Cash And Short Term Investments | 2.3M | 16.4M | 31.5M | 21.4M | 13.4M | 15.7M | |
Net Receivables | 3.8M | 6.1M | 27.2M | 27.6M | 24.2M | 16.3M | |
Common Stock Shares Outstanding | 31.9M | 92.8M | 143.9M | 150.9M | 153.1M | 105.9M | |
Long Term Debt Total | 11.6M | 461K | 217K | 967K | 870.3K | 826.8K | |
Liabilities And Stockholders Equity | 26.6M | 43.2M | 78.8M | 83.4M | 54.4M | 52.6M | |
Non Current Liabilities Total | 11.7M | 567K | 367K | 4.1M | 4.4M | 2.8M | |
Capital Surpluse | 1.5M | 1.5M | 2.4M | 4.3M | 4.9M | 5.2M | |
Other Current Assets | 576K | 1.1M | 1.7M | 1.3M | 1.7M | 1.2M | |
Other Stockholder Equity | 1.5M | 1.5M | 2.4M | 4.3M | 4.9M | 2.7M | |
Total Liab | 18.9M | 17.3M | 22.3M | 29.9M | 29.1M | 21.5M | |
Net Invested Capital | 18.7M | 31.8M | 56.5M | 53.5M | 61.5M | 35.4M | |
Total Current Assets | 6.2M | 24.1M | 61.1M | 53.0M | 41.4M | 34.2M | |
Accumulated Other Comprehensive Income | 152K | 111K | 179K | (378K) | (153K) | (145.4K) | |
Capital Stock | 11.3M | 31.9M | 64.1M | 65.3M | 75.0M | 38.1M | |
Net Working Capital | (938K) | 7.4M | 39.1M | 27.2M | 31.3M | 16.1M | |
Short Term Debt | 186K | 6.2M | 242K | 268K | 232K | 220.4K | |
Common Stock | 11.3M | 31.9M | 64.1M | 65.3M | 65.8M | 43.8M |
Pair Trading with Greenlane Renewables
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 Greenlane Renewables 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 Greenlane Renewables will appreciate offsetting losses from the drop in the long position's value.Moving against Greenlane Stock
The ability to find closely correlated positions to Greenlane Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenlane Renewables 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 Greenlane Renewables - 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 Greenlane Renewables to buy it.
The correlation of Greenlane Renewables 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 Greenlane Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlane Renewables 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 Greenlane Renewables 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.Other Information on Investing in Greenlane Stock
Balance Sheet is a snapshot of the financial position of Greenlane Renewables at a specified time, usually calculated after every quarter, six months, or one year. Greenlane Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenlane Renewables and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Greenlane currently owns. An asset can also be divided into two categories, current and non-current.