Pan Common Stock vs Short Term Debt Analysis

PAAS Stock  CAD 33.94  1.17  3.57%   
Pan American financial indicator trend analysis is much more than just breaking down Pan American Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pan American Silver is a good investment. Please check the relationship between Pan American Common Stock and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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.

Common Stock vs Short Term Debt

Common Stock vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pan American Silver Common Stock account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pan American's Common Stock and Short Term Debt is 0.53. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Pan American Silver, assuming nothing else is changed. The correlation between historical values of Pan American's Common Stock and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Pan American Silver are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock i.e., Pan American's Common Stock and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock

Short Term Debt

Most indicators from Pan American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pan American Silver 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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, Pan American'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 64.6 M, while Issuance Of Capital Stock is likely to drop about 133 K.
 2021 2022 2023 2024 (projected)
Total Operating Expenses85.1M111.6M660.7M693.7M
Cost Of Revenue1.3B1.4B1.6B1.7B

Pan American fundamental ratios Correlations

0.950.960.960.940.940.72-0.670.950.660.940.880.42-0.310.920.970.87-0.280.940.90.910.83-0.230.650.840.83
0.950.920.960.991.00.74-0.460.970.81.00.950.56-0.410.970.950.81-0.180.980.940.950.82-0.150.670.920.79
0.960.920.980.90.920.74-0.630.930.60.920.880.29-0.480.90.980.94-0.270.930.950.850.94-0.380.550.830.81
0.960.960.980.940.960.74-0.570.960.690.960.930.42-0.430.930.990.87-0.190.960.960.910.9-0.270.660.870.81
0.940.990.90.940.980.67-0.390.940.840.990.920.63-0.380.940.940.78-0.170.960.910.970.79-0.070.650.870.79
0.941.00.920.960.980.78-0.480.980.781.00.970.52-0.430.990.950.82-0.190.990.940.920.82-0.20.670.940.79
0.720.740.740.740.670.78-0.640.820.310.770.860.02-0.470.860.710.75-0.230.840.770.530.74-0.450.630.920.59
-0.67-0.46-0.63-0.57-0.39-0.48-0.64-0.61-0.02-0.48-0.490.290.09-0.54-0.59-0.660.52-0.55-0.53-0.32-0.510.62-0.41-0.52-0.52
0.950.970.930.960.940.980.82-0.610.710.980.970.41-0.430.980.950.83-0.270.990.950.870.82-0.310.710.940.78
0.660.80.60.690.840.780.31-0.020.710.780.720.87-0.160.720.680.430.090.720.70.870.450.160.510.650.56
0.941.00.920.960.991.00.77-0.480.980.780.960.52-0.450.980.950.83-0.20.990.940.930.83-0.20.660.930.79
0.880.950.880.930.920.970.86-0.490.970.720.960.44-0.470.990.90.79-0.120.980.940.840.81-0.280.710.980.73
0.420.560.290.420.630.520.020.290.410.870.520.440.10.430.40.090.330.430.380.740.160.620.480.370.38
-0.31-0.41-0.48-0.43-0.38-0.43-0.470.09-0.43-0.16-0.45-0.470.1-0.45-0.42-0.530.14-0.45-0.51-0.22-0.660.470.04-0.44-0.27
0.920.970.90.930.940.990.86-0.540.980.720.980.990.43-0.450.920.83-0.211.00.940.860.81-0.290.680.980.76
0.970.950.980.990.940.950.71-0.590.950.680.950.90.4-0.420.920.87-0.30.950.960.910.88-0.280.630.840.81
0.870.810.940.870.780.820.75-0.660.830.430.830.790.09-0.530.830.87-0.280.850.830.690.92-0.520.340.770.73
-0.28-0.18-0.27-0.19-0.17-0.19-0.230.52-0.270.09-0.2-0.120.330.14-0.21-0.3-0.28-0.21-0.2-0.08-0.130.53-0.03-0.15-0.13
0.940.980.930.960.960.990.84-0.550.990.720.990.980.43-0.451.00.950.85-0.210.960.880.85-0.290.680.960.78
0.90.940.950.960.910.940.77-0.530.950.70.940.940.38-0.510.940.960.83-0.20.960.860.89-0.360.640.890.76
0.910.950.850.910.970.920.53-0.320.870.870.930.840.74-0.220.860.910.69-0.080.880.860.710.090.670.780.77
0.830.820.940.90.790.820.74-0.510.820.450.830.810.16-0.660.810.880.92-0.130.850.890.71-0.410.410.770.73
-0.23-0.15-0.38-0.27-0.07-0.2-0.450.62-0.310.16-0.2-0.280.620.47-0.29-0.28-0.520.53-0.29-0.360.09-0.410.14-0.3-0.13
0.650.670.550.660.650.670.63-0.410.710.510.660.710.480.040.680.630.34-0.030.680.640.670.410.140.710.53
0.840.920.830.870.870.940.92-0.520.940.650.930.980.37-0.440.980.840.77-0.150.960.890.780.77-0.30.710.7
0.830.790.810.810.790.790.59-0.520.780.560.790.730.38-0.270.760.810.73-0.130.780.760.770.73-0.130.530.7
Click cells to compare fundamentals

Pan American Account Relationship Matchups

Pan American fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding153.5M201.6M210.3M210.4M326.5M342.9M
Total Assets3.5B3.4B3.5B3.2B7.2B7.6B
Other Current Liab165.8M181.9M208.1M218.4M301M316.1M
Total Current Liabilities271.7M361.8M387.7M380.8M624.2M655.4M
Total Stockholder Equity2.5B2.6B2.6B2.2B4.8B5.0B
Property Plant And Equipment Net2.5B2.4B2.3B2.2B5.7B6.0B
Net Debt195.6M(133.5M)(237.7M)119.8M402M422.1M
Retained Earnings(754.7M)(623.0M)(598.0M)(1.0B)(1.3B)(1.2B)
Accounts Payable66.9M80.3M77.5M88.8M198.2M208.1M
Cash120.6M167.1M283.6M107.0M399.6M419.6M
Non Current Assets Total2.7B2.6B2.5B2.4B5.8B6.1B
Non Currrent Assets Other42.1M28.4M35.5M35.9M148M155.4M
Cash And Short Term Investments238.3M279.1M335.3M142.3M440.9M462.9M
Net Receivables48.3M35.1M40.0M28.7M17.5M16.6M
Liabilities And Stockholders Equity3.5B3.4B3.5B3.2B7.2B7.6B
Non Current Liabilities Total722.2M466.3M494.9M666.0M1.8B1.9B
Inventory346.5M406.2M500.5M471.6M711.6M747.2M
Other Current Assets155.8M136.6M125.4M161.8M220M231M
Total Liab993.8M828.0M882.6M1.0B2.4B2.6B
Property Plant And Equipment Gross2.5B2.4B5.6B5.9B9.6B10.1B
Total Current Assets788.9M856.9M1.0B804.4M1.4B1.5B
Accumulated Other Comprehensive Income94.3M93.4M93.4M(3.0M)63.7M66.9M
Short Term Investments117.8M111.9M51.7M35.3M41.3M39.2M
Short Term Debt14.2M12.8M10.7M27.3M52.4M55.0M
Short Long Term Debt Total316.2M33.6M45.9M226.8M801.6M841.7M
Common Stock3.1B3.1B3.1B3.1B6.0B3.0B
Common Stock Total Equity2.3B2.3B3.1B3.1B3.6B2.7B
Other Liab399.4M424.8M442.3M445.7M512.6M355.4M
Net Tangible Assets2.5B2.6B2.6B2.2B2.5B2.1B
Other Assets80.5M87.6M91.4M82.2M94.5M99.2M
Long Term Debt275M0.011.9M180.0M697M731.9M
Long Term Investments70.6M84.3M71.6M78.7M123.3M0.0
Property Plant Equipment2.5B2.4B2.3B2.2B2.6B1.9B
Long Term Debt Total302.0M20.7M31.8M199.5M229.4M240.9M
Capital Lease Obligations41.2M33.6M30.6M33.1M97.9M102.8M

Pair Trading with Pan American

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 Pan American 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 Pan American will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pan Stock

  0.93AG First Majestic SilverPairCorr
  0.76IE Ivanhoe EnergyPairCorr

Moving against Pan Stock

  0.41INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Pan American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pan American 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 Pan American - 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 Pan American Silver to buy it.
The correlation of Pan American 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 Pan American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pan American Silver 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 Pan American 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 Pan American Silver is a strong investment it is important to analyze Pan American'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 Pan American's future performance. For an informed investment choice regarding Pan Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Pan American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pan American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pan American'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.