Peyto Operating Income vs Net Interest Income Analysis

PEY Stock  CAD 16.77  0.46  2.82%   
Peyto ExplorationDevel financial indicator trend analysis is much more than just breaking down Peyto ExplorationDevel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Peyto ExplorationDevel is a good investment. Please check the relationship between Peyto ExplorationDevel Operating Income and its Net Interest Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Peyto ExplorationDevelopment 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.

Operating Income vs Net Interest Income

Operating Income vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Peyto ExplorationDevel Operating Income account and Net Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Peyto ExplorationDevel's Operating Income and Net Interest Income is -0.49. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Peyto ExplorationDevelopment Corp, assuming nothing else is changed. The correlation between historical values of Peyto ExplorationDevel's Operating Income and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Peyto ExplorationDevelopment Corp are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Operating Income i.e., Peyto ExplorationDevel's Operating Income and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Peyto ExplorationDevel operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Peyto ExplorationDevelopment Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from Peyto ExplorationDevel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Peyto ExplorationDevel 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 Peyto ExplorationDevelopment 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.
At this time, Peyto ExplorationDevel's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to about 202.1 M, while Tax Provision is likely to drop about 52.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit575.6M1.1B424.6M331.5M
Total Revenue912.0M1.6B945.5M523.3M

Peyto ExplorationDevel fundamental ratios Correlations

0.50.990.930.640.520.28-0.070.730.980.310.990.790.941.01.00.780.720.90.25-0.250.27-0.060.870.820.85
0.50.520.350.480.8-0.02-0.050.620.360.070.470.320.350.510.510.770.120.560.81-0.010.030.140.450.440.45
0.990.520.880.710.550.360.010.720.940.250.970.830.890.980.980.820.730.920.24-0.260.2-0.060.830.770.8
0.930.350.880.330.440.06-0.130.770.970.420.960.61.00.950.940.550.60.710.13-0.110.29-0.030.830.810.81
0.640.480.710.330.420.540.230.220.5-0.160.550.820.360.580.60.860.670.830.29-0.39-0.01-0.070.40.350.42
0.520.80.550.440.420.00.380.770.40.020.480.380.440.530.520.750.180.480.530.3-0.390.070.280.250.26
0.28-0.020.360.060.540.00.260.060.21-0.020.210.610.110.220.240.330.470.38-0.1-0.14-0.11-0.050.210.060.1
-0.07-0.050.01-0.130.230.380.260.07-0.16-0.35-0.150.21-0.12-0.11-0.10.170.09-0.11-0.260.48-0.940.27-0.51-0.55-0.53
0.730.620.720.770.220.770.060.070.70.250.730.340.770.770.750.570.190.530.330.09-0.06-0.060.640.610.59
0.980.360.940.970.50.40.21-0.160.70.380.990.730.980.980.980.640.710.830.15-0.240.35-0.070.880.850.87
0.310.070.250.42-0.160.02-0.02-0.350.250.380.360.270.420.310.310.070.380.15-0.090.20.36-0.030.410.380.37
0.990.470.970.960.550.480.21-0.150.730.990.360.750.970.990.990.720.70.870.25-0.230.34-0.050.890.850.87
0.790.320.830.60.820.380.610.210.340.730.270.750.630.740.750.770.940.820.07-0.140.060.060.550.490.54
0.940.350.891.00.360.440.11-0.120.770.980.420.970.630.950.950.560.620.730.13-0.120.29-0.030.840.810.82
1.00.510.980.950.580.530.22-0.110.770.980.310.990.740.951.00.750.660.880.27-0.250.29-0.070.880.840.86
1.00.510.980.940.60.520.24-0.10.750.980.310.990.750.951.00.760.680.890.26-0.260.29-0.070.880.840.86
0.780.770.820.550.860.750.330.170.570.640.070.720.770.560.750.760.570.880.58-0.11-0.020.020.570.490.54
0.720.120.730.60.670.180.470.090.190.710.380.70.940.620.660.680.570.7-0.13-0.180.20.00.530.480.52
0.90.560.920.710.830.480.38-0.110.530.830.150.870.820.730.880.890.880.70.37-0.460.31-0.190.790.740.79
0.250.810.240.130.290.53-0.1-0.260.330.15-0.090.250.070.130.270.260.58-0.130.370.060.190.230.340.30.32
-0.25-0.01-0.26-0.11-0.390.3-0.140.480.09-0.240.2-0.23-0.14-0.12-0.25-0.26-0.11-0.18-0.460.06-0.580.57-0.42-0.41-0.44
0.270.030.20.29-0.01-0.39-0.11-0.94-0.060.350.360.340.060.290.290.29-0.020.20.310.19-0.58-0.240.640.670.67
-0.060.14-0.06-0.03-0.070.07-0.050.27-0.06-0.07-0.03-0.050.06-0.03-0.07-0.070.020.0-0.190.230.57-0.24-0.22-0.11-0.11
0.870.450.830.830.40.280.21-0.510.640.880.410.890.550.840.880.880.570.530.790.34-0.420.64-0.220.910.93
0.820.440.770.810.350.250.06-0.550.610.850.380.850.490.810.840.840.490.480.740.3-0.410.67-0.110.911.0
0.850.450.80.810.420.260.1-0.530.590.870.370.870.540.820.860.860.540.520.790.32-0.440.67-0.110.931.0
Click cells to compare fundamentals

Peyto ExplorationDevel Account Relationship Matchups

Peyto ExplorationDevel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B3.6B3.8B4.0B5.5B5.8B
Total Current Liabilities113.4M95.1M239.6M471.9M279.9M164.8M
Total Stockholder Equity1.7B1.7B1.8B2.1B2.7B2.9B
Net Debt1.1B1.2B1.1B852.6M1.4B1.4B
Retained Earnings63.1M12.7M143.2M431.4M485.1M509.3M
Accounts Payable103.4M87.3M168.9M195.2M171.8M119.9M
Cash6.2M9.3M5.7M11.9M37.2M39.0M
Cash And Short Term Investments6.2M9.3M5.7M11.9M37.2M39.0M
Liabilities And Stockholders Equity3.6B3.6B3.8B4.0B5.5B5.8B
Non Current Liabilities Total1.8B1.8B1.8B1.5B2.5B2.6B
Other Stockholder Equity4.5M10.5M13.1M16.3M25.0M23.8M
Total Liab1.9B1.9B2.0B2.0B2.8B2.9B
Total Current Assets80.3M82.7M144.4M218.6M490.9M515.5M
Short Long Term Debt Total1.1B1.2B1.1B864.5M1.4B1.5B
Property Plant And Equipment Net3.5B3.5B3.6B3.8B4.9B5.1B
Non Current Assets Total3.5B3.5B3.6B3.8B5.0B5.3B
Net Receivables61.3M56.4M118.9M188.0M161.7M169.8M
Other Current Assets12.7M16.9M19.7M18.6M292.0M306.6M
Property Plant And Equipment Gross3.5B3.5B6.5B7.0B8.4B8.8B
Accumulated Other Comprehensive Income(3.0M)4.6M(54.8M)(83.9M)284.5M298.8M
Other Current Liab9.0M6.6M69.6M155.1M25.9M35.0M
Short Term Debt981K1.1M1.1M101.3M59.2M56.2M
Non Currrent Assets Other(3.5B)6.5M(3.6B)15.0M13.5M14.2M
Common Stock1.6B1.6B1.7B1.7B1.9B1.7B
Other Liab642.1M652.0M707.4M715.7M823.1M648.6M
Net Tangible Assets1.7B1.7B1.8B2.1B2.4B1.8B
Long Term Debt1.1B1.2B1.1B759.2M1.3B1.2B
Short Long Term Debt1.3B119.3M5.5M100M57.9M55.0M
Property Plant Equipment3.5B3.5B3.6B3.8B4.3B3.7B
Other Assets13.0M0.06.5M15.0M13.5M7.1M
Long Term Debt Total1.1B1.2B1.1B763.3M686.9M862.1M
Net Invested Capital2.8B2.8B2.8B2.9B4.1B3.4B
Net Working Capital(33.2M)(12.4M)(95.3M)(253.3M)211.0M221.6M
Capital Stock1.6B1.6B1.7B1.7B1.9B1.9B

Pair Trading with Peyto ExplorationDevel

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 Peyto ExplorationDevel 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 Peyto ExplorationDevel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Peyto Stock

  0.85ENB-PFV Enbridge Pref 5PairCorr
  0.78ENB-PFC Enbridge Pref 11PairCorr
  0.75ENS E Split CorpPairCorr
  0.87ENS-PA E Split CorpPairCorr

Moving against Peyto Stock

  0.79ARA Aclara ResourcesPairCorr
  0.63CCL-A CCL IndustriesPairCorr
  0.59RCI-A Rogers CommunicationsPairCorr
  0.55SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Peyto ExplorationDevel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peyto ExplorationDevel 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 Peyto ExplorationDevel - 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 Peyto ExplorationDevelopment Corp to buy it.
The correlation of Peyto ExplorationDevel 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 Peyto ExplorationDevel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peyto ExplorationDevel 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 Peyto ExplorationDevel 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

Other Information on Investing in Peyto Stock

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