Prime Ebit vs Total Operating Expenses Analysis
| PDV Stock | CAD 8.79 0.01 0.11% |
Prime Dividend financial indicator trend analysis is much more than just breaking down Prime Dividend Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prime Dividend Corp is a good investment. Please check the relationship between Prime Dividend Ebit and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prime Dividend Corp. 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.
Ebit vs Total Operating Expenses
Ebit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prime Dividend Corp Ebit account and Total Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Prime Dividend's Ebit and Total Operating Expenses is 0.15. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Prime Dividend Corp, assuming nothing else is changed. The correlation between historical values of Prime Dividend's Ebit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Prime Dividend Corp are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Ebit i.e., Prime Dividend's Ebit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Ebit
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Prime Dividend's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prime Dividend Corp 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 Prime Dividend Corp. 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. As of the 12th of December 2024, Selling General Administrative is likely to grow to about 181.5 K. Also, Sales General And Administrative To Revenue is likely to grow to 2.56
Prime Dividend fundamental ratios Correlations
Click cells to compare fundamentals
Prime Dividend Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Prime Dividend fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 14.8M | 15.5M | 13.6M | 12.6M | 11.4M | 22.7M | |
| Total Stockholder Equity | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
| Net Debt | 8.4M | 8.2M | 7.8M | (1.1M) | (1.2M) | (1.2M) | |
| Cash | 946.7K | 300.2K | 751.3K | 1.1M | 977.8K | 1.9M | |
| Cash And Short Term Investments | 946.7K | 300.2K | 751.3K | 12.6M | 11.3M | 14.7M | |
| Net Receivables | 33.4K | 31.8K | 23.0K | 37.7K | 34.0K | 32.3K | |
| Common Stock Shares Outstanding | 941.6K | 893.2K | 939.2K | 621.3K | 559.2K | 989.1K | |
| Short Term Investments | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 20.7M | |
| Liabilities And Stockholders Equity | 14.8M | 15.5M | 13.6M | 12.6M | 11.4M | 22.7M | |
| Total Liab | 75.1K | 93.8K | 8.7M | 8.9M | 8.0M | 11.3M | |
| Total Current Assets | 980.1K | 332.0K | 774.3K | 12.6M | 11.4M | 14.8M | |
| Common Stock | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
| Other Current Liab | (75.1K) | (93.8K) | (95.5K) | 127.5K | 114.8K | 120.5K | |
| Accounts Payable | 75.1K | 93.8K | 95.5K | 294.8K | 339.0K | 302.6K | |
| Other Stockholder Equity | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
| Total Current Liabilities | 75.1K | 93.8K | 95.5K | 422.3K | 380.1K | 287.3K | |
| Non Current Assets Total | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 14.8M | |
| Non Currrent Assets Other | (13.9M) | (15.2M) | (12.8M) | (11.5M) | (13.2M) | (13.9M) | |
| Net Tangible Assets | 7.0M | 5.2M | 6.8M | 4.9M | 4.4M | 6.2M | |
| Current Deferred Revenue | (9.3M) | (8.4M) | (8.4M) | (8.2M) | (9.5M) | (10.0M) | |
| Long Term Investments | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 12.9M |
Pair Trading with Prime Dividend
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 Prime Dividend 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 Prime Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Prime Stock
Moving against Prime Stock
The ability to find closely correlated positions to Prime Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Dividend 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 Prime Dividend - 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 Prime Dividend Corp to buy it.
The correlation of Prime Dividend 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 Prime Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Dividend Corp 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 Prime Dividend 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 Prime Stock
Balance Sheet is a snapshot of the financial position of Prime Dividend Corp at a specified time, usually calculated after every quarter, six months, or one year. Prime Dividend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prime Dividend 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 Prime currently owns. An asset can also be divided into two categories, current and non-current.