Journey Pb Ratio vs Free Cash Flow Yield Analysis

JOY Stock

CAD 2.14 0.05 2.39%

Journey Energy financial indicator trend analysis is infinitely more than just investigating Journey Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Journey Energy is a good investment. Please check the relationship between Journey Energy Pb 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 Journey Energy. 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.

Pb Ratio vs Free Cash Flow Yield

Pb 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 Journey Energy Pb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Journey Energy's Pb Ratio and Free Cash Flow Yield is -0.12. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Journey Energy, assuming nothing else is changed. The correlation between historical values of Journey Energy's Pb 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 Pb Ratio of Journey Energy 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 Pb Ratio i.e., Journey Energy's Pb Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Pb Ratio

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 Journey Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Journey Energy 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 Journey Energy. 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, Journey Energy's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 4.3 M, while Sales General And Administrative To Revenue is likely to drop 0.04.

	2021	2022	2023	2024 (projected)
Gross Profit	82.0M	159.7M	38.9M	74.3M
Total Revenue	123.8M	235.6M	186.9M	140.5M

Gross Profit Total Revenue

Journey Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Net Debt	Cash	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity
Total Assets		0.51	0.64	0.68	0.89	0.9	0.78	0.96	0.11	-0.04	0.62	0.68	0.39	0.29	0.21	0.56	0.74	-0.41	0.12	0.52	0.64	-0.22	0.42	-0.39	0.42	-0.51
Other Current Liab	0.51		0.57	0.54	0.36	0.46	0.27	0.38	-0.31	0.09	0.37	0.17	-0.23	0.0	-0.11	0.02	0.41	0.0	-0.11	0.05	0.57	-0.29	0.34	-0.52	0.34	-0.06
Total Current Liabilities	0.64	0.57		0.29	0.72	0.53	0.52	0.63	0.19	-0.35	0.42	0.69	0.21	-0.25	0.4	0.54	0.58	-0.42	0.26	0.5	0.23	0.1	0.05	-0.77	0.05	-0.5
Total Stockholder Equity	0.68	0.54	0.29		0.38	0.55	0.77	0.51	-0.44	0.03	0.76	0.21	-0.28	0.36	-0.32	-0.14	0.6	0.25	-0.29	-0.13	0.98	-0.49	0.46	-0.38	0.46	0.15
Property Plant And Equipment Net	0.89	0.36	0.72	0.38		0.83	0.59	0.93	0.43	-0.34	0.44	0.81	0.62	0.09	0.55	0.79	0.68	-0.67	0.32	0.76	0.3	-0.03	0.31	-0.43	0.31	-0.76
Retained Earnings	0.9	0.46	0.53	0.55	0.83		0.53	0.92	0.2	0.0	0.36	0.61	0.55	0.35	0.21	0.67	0.52	-0.62	0.17	0.65	0.48	-0.14	0.33	-0.39	0.33	-0.67
Accounts Payable	0.78	0.27	0.52	0.77	0.59	0.53		0.65	-0.19	-0.09	0.86	0.43	-0.07	0.38	-0.05	0.12	0.77	0.08	-0.11	0.09	0.75	-0.23	0.24	-0.35	0.24	-0.04
Non Current Assets Total	0.96	0.38	0.63	0.51	0.93	0.92	0.65		0.31	-0.07	0.44	0.76	0.58	0.21	0.31	0.72	0.61	-0.58	0.23	0.66	0.45	-0.11	0.34	-0.36	0.34	-0.65
Non Currrent Assets Other	0.11	-0.31	0.19	-0.44	0.43	0.2	-0.19	0.31		-0.49	-0.39	0.32	0.73	-0.22	0.63	0.7	-0.23	-0.69	0.75	0.56	-0.5	0.71	-0.44	0.17	-0.44	-0.66
Other Assets	-0.04	0.09	-0.35	0.03	-0.34	0.0	-0.09	-0.07	-0.49		0.03	-0.31	-0.15	0.27	-0.51	-0.27	-0.04	0.26	-0.38	-0.29	0.17	-0.32	0.2	0.32	0.2	0.31
Net Receivables	0.62	0.37	0.42	0.76	0.44	0.36	0.86	0.44	-0.39	0.03		0.3	-0.28	0.26	-0.09	-0.09	0.88	0.24	-0.3	-0.1	0.78	-0.41	0.36	-0.39	0.36	0.13
Common Stock Shares Outstanding	0.68	0.17	0.69	0.21	0.81	0.61	0.43	0.76	0.32	-0.31	0.3		0.57	-0.3	0.65	0.73	0.6	-0.63	0.1	0.78	0.1	-0.24	0.42	-0.6	0.42	-0.72
Non Current Liabilities Total	0.39	-0.23	0.21	-0.28	0.62	0.55	-0.07	0.58	0.73	-0.15	-0.28	0.57		-0.02	0.65	0.93	0.07	-0.92	0.56	0.87	-0.36	0.25	0.09	0.04	0.09	-0.89
Other Current Assets	0.29	0.0	-0.25	0.36	0.09	0.35	0.38	0.21	-0.22	0.27	0.26	-0.3	-0.02		-0.49	-0.1	0.12	0.12	-0.16	-0.1	0.41	-0.1	0.02	0.33	0.02	0.12
Other Stockholder Equity	0.21	-0.11	0.4	-0.32	0.55	0.21	-0.05	0.31	0.63	-0.51	-0.09	0.65	0.65	-0.49		0.71	0.27	-0.75	0.4	0.78	-0.43	0.19	0.04	-0.26	0.04	-0.79
Total Liab	0.56	0.02	0.54	-0.14	0.79	0.67	0.12	0.72	0.7	-0.27	-0.09	0.73	0.93	-0.1	0.71		0.28	-0.95	0.6	0.94	-0.23	0.26	0.1	-0.24	0.1	-0.95
Total Current Assets	0.74	0.41	0.58	0.6	0.68	0.52	0.77	0.61	-0.23	-0.04	0.88	0.6	0.07	0.12	0.27	0.28		-0.14	-0.13	0.31	0.59	-0.45	0.56	-0.48	0.56	-0.25
Common Stock	-0.41	0.0	-0.42	0.25	-0.67	-0.62	0.08	-0.58	-0.69	0.26	0.24	-0.63	-0.92	0.12	-0.75	-0.95	-0.14		-0.52	-0.95	0.35	-0.26	-0.03	0.24	-0.03	0.99
Short Long Term Debt Total	0.12	-0.11	0.26	-0.29	0.32	0.17	-0.11	0.23	0.75	-0.38	-0.3	0.1	0.56	-0.16	0.4	0.6	-0.13	-0.52		0.37	-0.3	0.75	-0.31	0.21	-0.31	-0.46
Other Liab	0.52	0.05	0.5	-0.13	0.76	0.65	0.09	0.66	0.56	-0.29	-0.1	0.78	0.87	-0.1	0.78	0.94	0.31	-0.95	0.37		-0.25	0.06	0.21	-0.34	0.21	-0.98
Net Tangible Assets	0.64	0.57	0.23	0.98	0.3	0.48	0.75	0.45	-0.5	0.17	0.78	0.1	-0.36	0.41	-0.43	-0.23	0.59	0.35	-0.3	-0.25		-0.48	0.44	-0.28	0.44	0.26
Net Debt	-0.22	-0.29	0.1	-0.49	-0.03	-0.14	-0.23	-0.11	0.71	-0.32	-0.41	-0.24	0.25	-0.1	0.19	0.26	-0.45	-0.26	0.75	0.06	-0.48		-0.85	0.29	-0.85	-0.18
Cash	0.42	0.34	0.05	0.46	0.31	0.33	0.24	0.34	-0.44	0.2	0.36	0.42	0.09	0.02	0.04	0.1	0.56	-0.03	-0.31	0.21	0.44	-0.85		-0.21	1.0	-0.09
Long Term Debt	-0.39	-0.52	-0.77	-0.38	-0.43	-0.39	-0.35	-0.36	0.17	0.32	-0.39	-0.6	0.04	0.33	-0.26	-0.24	-0.48	0.24	0.21	-0.34	-0.28	0.29	-0.21		-0.21	0.31
Cash And Short Term Investments	0.42	0.34	0.05	0.46	0.31	0.33	0.24	0.34	-0.44	0.2	0.36	0.42	0.09	0.02	0.04	0.1	0.56	-0.03	-0.31	0.21	0.44	-0.85	1.0	-0.21		-0.09
Common Stock Total Equity	-0.51	-0.06	-0.5	0.15	-0.76	-0.67	-0.04	-0.65	-0.66	0.31	0.13	-0.72	-0.89	0.12	-0.79	-0.95	-0.25	0.99	-0.46	-0.98	0.26	-0.18	-0.09	0.31	-0.09

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Journey Energy Account Relationship Matchups

Journey Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	345.0M	287.7M	357.2M	639.2M	610.1M	478.1M
Other Current Liab	3.2M	2.6M	3.7M	10.3M	8.0M	6.1M
Total Current Liabilities	101.0M	41.6M	47.8M	128.5M	106.0M	72.9M
Total Stockholder Equity	32.0M	(19.8M)	84.3M	284.7M	316.4M	332.2M
Property Plant And Equipment Net	328.5M	270.2M	320.3M	487.5M	480.9M	375.8M
Retained Earnings	(377.1M)	(433.7M)	(334.6M)	(179.4M)	(163.6M)	(171.7M)
Accounts Payable	27.7M	16.2M	20.4M	45.5M	47.2M	32.8M
Non Current Assets Total	328.5M	270.2M	320.3M	576.5M	563.4M	439.0M
Other Assets	32.2M	13.2M	0.0	89.0M	1.0	0.95
Net Receivables	15.2M	9.3M	20.2M	29.7M	24.7M	20.0M
Common Stock Shares Outstanding	40.2M	43.2M	51.3M	58.8M	66.2M	49.5M
Non Current Liabilities Total	212.0M	265.9M	225.1M	226.0M	187.7M	226.1M
Other Current Assets	1.3M	1.6M	1.4M	1.7M	4.3M	2.9M
Other Stockholder Equity	107.7M	109.3M	109.3M	109.5M	109.2M	68.6M
Total Liab	313.0M	307.5M	272.9M	354.5M	293.7M	301.8M
Total Current Assets	16.5M	17.5M	36.9M	62.7M	46.7M	31.4M
Common Stock	300.6M	300.8M	305.7M	351.5M	367.8M	315.9M
Short Long Term Debt Total	118.3M	83.2M	65.1M	110.4M	62.4M	99.1M
Other Liab	163.9M	205.6M	183.7M	188.4M	216.6M	178.8M
Net Tangible Assets	32.0M	(19.8M)	84.3M	284.7M	256.2M	269.0M
Net Debt	192.9M	76.6M	49.7M	79.0M	44.7M	72.2M
Cash	(74.6M)	6.6M	15.4M	31.4M	17.7M	18.6M
Long Term Debt	43.7M	59.3M	40.5M	36.1M	10.3M	9.8M
Cash And Short Term Investments	(74.6M)	6.6M	15.4M	31.4M	17.7M	18.6M
Common Stock Total Equity	386.0M	292.0M	300.6M	300.8M	270.7M	305.2M
Liabilities And Stockholders Equity	345.0M	287.7M	357.2M	639.2M	610.1M	490.8M
Property Plant And Equipment Gross	328.5M	270.2M	1.3B	1.5B	1.5B	1.6B
Short Long Term Debt	64.9M	22.6M	23.5M	72.6M	50.3M	40.1M
Accumulated Other Comprehensive Income	1.7M	736K	3.8M	3.1M	3.5M	3.7M
Short Term Debt	70.1M	22.8M	23.7M	72.7M	50.8M	37.1M
Property Plant Equipment	328.5M	270.2M	320.3M	487.5M	560.6M	376.1M
Current Deferred Revenue	(27.7M)	(16.2M)	(20.4M)	(45.5M)	(40.9M)	(38.9M)
Long Term Debt Total	48.1M	60.4M	41.4M	37.6M	33.9M	45.9M
Capital Surpluse	107.7M	109.3M	109.3M	109.5M	125.9M	85.5M
Net Invested Capital	75.6M	39.5M	148.3M	393.3M	377.1M	212.6M
Net Working Capital	(84.5M)	(24.1M)	(10.9M)	(65.8M)	(59.3M)	(62.2M)

Pair Trading with Journey Energy

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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Journey Stock

0.65	ENS	E Split Corp	Pair Corr
0.62	ENS-PA	E Split Corp	Pair Corr
0.55	ENB-PFV	Enbridge Pref 5	Pair Corr
0.53	BUI	Buhler Industries	Pair Corr

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

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

Other Information on Investing in Journey Stock

Balance Sheet is a snapshot of the financial position of Journey Energy at a specified time, usually calculated after every quarter, six months, or one year. Journey Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Journey Energy 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 Journey currently owns. An asset can also be divided into two categories, current and non-current.

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Journey Pb Ratio vs Free Cash Flow Yield Analysis

Pb Ratio vs Free Cash Flow Yield

Pb Ratio vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Pb Ratio

Free Cash Flow Yield

Journey Energy fundamental ratios Correlations

Journey Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Journey Energy fundamental ratios Accounts

Pair Trading with Journey Energy

Moving against Journey Stock

Other Information on Investing in Journey Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 0.99	Common Stock
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Assets
Other Liab	+ 0.94	Total Liab
Non Current Assets Total	+ 0.93	Property Plant And Equipment Net

Common Stock Total Equity	- 0.98	Other Liab
Other Liab	- 0.95	Common Stock
Common Stock Total Equity	- 0.95	Total Liab
Common Stock	- 0.95	Total Liab
Common Stock	- 0.92	Non Current Liabilities Total
Common Stock Total Equity	- 0.89	Non Current Liabilities Total