| PMT Stock | | | 0.28 0.03 12.00% |
Patriot Battery financial indicator trend analysis is much more than just breaking down Patriot Battery Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patriot Battery Metals is a good investment. Please check the relationship between Patriot Battery Retained Earnings and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot Battery Metals. 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Patriot Battery Metals Retained Earnings account and
Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Patriot Battery's Retained Earnings and Cash is -0.9. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Patriot Battery Metals, assuming nothing else is changed. The correlation between historical values of Patriot Battery's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Patriot Battery Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Patriot Battery's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.9 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Cash
Cash refers to the most liquid asset of Patriot Battery Metals, which is listed under current asset account on Patriot Battery Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Patriot Battery customers. The amounts must be unrestricted with restricted cash listed in a different Patriot Battery account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Patriot Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patriot Battery Metals 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 Patriot Battery Metals. 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.
Selling General Administrative is likely to gain to about 12.1
M in 2024.
Tax Provision is likely to gain to about 3.8
M in 2024
Patriot Battery fundamental ratios Correlations
Click cells to compare fundamentals
Patriot Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patriot Battery fundamental ratios Accounts
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Additional Tools for Patriot Stock Analysis
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measure Patriot Battery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patriot Battery is operating at the current time. Most of Patriot Battery's value examination focuses on studying past and present price action to
predict the probability of Patriot Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patriot Battery's price. Additionally, you may evaluate how the addition of Patriot Battery to your portfolios can decrease your overall portfolio volatility.