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 Direction | Positive |
Relationship Strength | Weak |
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 Expenses | 85.1M | 111.6M | 660.7M | 693.7M | Cost Of Revenue | 1.3B | 1.4B | 1.6B | 1.7B |
Pan American fundamental ratios Correlations
Click cells to compare fundamentals
Pan American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pan American fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 153.5M | 201.6M | 210.3M | 210.4M | 326.5M | 342.9M | |
Total Assets | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Other Current Liab | 165.8M | 181.9M | 208.1M | 218.4M | 301M | 316.1M | |
Total Current Liabilities | 271.7M | 361.8M | 387.7M | 380.8M | 624.2M | 655.4M | |
Total Stockholder Equity | 2.5B | 2.6B | 2.6B | 2.2B | 4.8B | 5.0B | |
Property Plant And Equipment Net | 2.5B | 2.4B | 2.3B | 2.2B | 5.7B | 6.0B | |
Net Debt | 195.6M | (133.5M) | (237.7M) | 119.8M | 402M | 422.1M | |
Retained Earnings | (754.7M) | (623.0M) | (598.0M) | (1.0B) | (1.3B) | (1.2B) | |
Accounts Payable | 66.9M | 80.3M | 77.5M | 88.8M | 198.2M | 208.1M | |
Cash | 120.6M | 167.1M | 283.6M | 107.0M | 399.6M | 419.6M | |
Non Current Assets Total | 2.7B | 2.6B | 2.5B | 2.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 42.1M | 28.4M | 35.5M | 35.9M | 148M | 155.4M | |
Cash And Short Term Investments | 238.3M | 279.1M | 335.3M | 142.3M | 440.9M | 462.9M | |
Net Receivables | 48.3M | 35.1M | 40.0M | 28.7M | 17.5M | 16.6M | |
Liabilities And Stockholders Equity | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Non Current Liabilities Total | 722.2M | 466.3M | 494.9M | 666.0M | 1.8B | 1.9B | |
Inventory | 346.5M | 406.2M | 500.5M | 471.6M | 711.6M | 747.2M | |
Other Current Assets | 155.8M | 136.6M | 125.4M | 161.8M | 220M | 231M | |
Total Liab | 993.8M | 828.0M | 882.6M | 1.0B | 2.4B | 2.6B | |
Property Plant And Equipment Gross | 2.5B | 2.4B | 5.6B | 5.9B | 9.6B | 10.1B | |
Total Current Assets | 788.9M | 856.9M | 1.0B | 804.4M | 1.4B | 1.5B | |
Accumulated Other Comprehensive Income | 94.3M | 93.4M | 93.4M | (3.0M) | 63.7M | 66.9M | |
Short Term Investments | 117.8M | 111.9M | 51.7M | 35.3M | 41.3M | 39.2M | |
Short Term Debt | 14.2M | 12.8M | 10.7M | 27.3M | 52.4M | 55.0M | |
Short Long Term Debt Total | 316.2M | 33.6M | 45.9M | 226.8M | 801.6M | 841.7M | |
Common Stock | 3.1B | 3.1B | 3.1B | 3.1B | 6.0B | 3.0B | |
Common Stock Total Equity | 2.3B | 2.3B | 3.1B | 3.1B | 3.6B | 2.7B | |
Other Liab | 399.4M | 424.8M | 442.3M | 445.7M | 512.6M | 355.4M | |
Net Tangible Assets | 2.5B | 2.6B | 2.6B | 2.2B | 2.5B | 2.1B | |
Other Assets | 80.5M | 87.6M | 91.4M | 82.2M | 94.5M | 99.2M | |
Long Term Debt | 275M | 0.0 | 11.9M | 180.0M | 697M | 731.9M | |
Long Term Investments | 70.6M | 84.3M | 71.6M | 78.7M | 123.3M | 0.0 | |
Property Plant Equipment | 2.5B | 2.4B | 2.3B | 2.2B | 2.6B | 1.9B | |
Long Term Debt Total | 302.0M | 20.7M | 31.8M | 199.5M | 229.4M | 240.9M | |
Capital Lease Obligations | 41.2M | 33.6M | 30.6M | 33.1M | 97.9M | 102.8M |
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
Moving against Pan Stock
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.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.