Patria Total Assets vs Net Debt Analysis
| PLAO Stock | USD 11.63 0.00 0.00% |
Patria Latin financial indicator trend analysis is much more than just breaking down Patria Latin American prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patria Latin American is a good investment. Please check the relationship between Patria Latin Total Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patria Latin American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Assets vs Net Debt
Total Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patria Latin American Total Assets account and Net Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Patria Latin's Total Assets and Net Debt is 0.27. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Patria Latin American, assuming nothing else is changed. The correlation between historical values of Patria Latin's Total Assets and Net 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 Total Assets of Patria Latin American are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Patria Latin's Total Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Patria Latin assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Patria Latin American books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Patria Latin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patria Latin American 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 Patria Latin American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Patria Latin's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 16th of December 2024, Enterprise Value Multiple is likely to grow to 25.37, while Selling General Administrative is likely to drop about 756.9 K.
Patria Latin fundamental ratios Correlations
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Patria Latin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Patria Latin
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 Patria Latin 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 Patria Latin will appreciate offsetting losses from the drop in the long position's value.Moving together with Patria Stock
| 0.68 | V | Visa Class A | PairCorr |
| 0.81 | MA | Mastercard | PairCorr |
| 0.88 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Patria Stock
The ability to find closely correlated positions to Patria Latin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patria Latin 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 Patria Latin - 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 Patria Latin American to buy it.
The correlation of Patria Latin 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 Patria Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Latin American 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 Patria Latin 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 Patria Stock
Balance Sheet is a snapshot of the financial position of Patria Latin American at a specified time, usually calculated after every quarter, six months, or one year. Patria Latin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Patria Latin 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 Patria currently owns. An asset can also be divided into two categories, current and non-current.