Platinum Free Cash Flow Yield vs Ptb Ratio Analysis

PTM Stock

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Platinum Group financial indicator trend analysis is much more than just breaking down Platinum Group Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Platinum Group Metals is a good investment. Please check the relationship between Platinum Group Free Cash Flow Yield and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group 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.

Free Cash Flow Yield vs Ptb Ratio

Free Cash Flow Yield vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Platinum Group Metals Free Cash Flow Yield account and Ptb Ratio. At this time, the significance of the direction appears to have very week relationship.

The correlation between Platinum Group's Free Cash Flow Yield and Ptb Ratio is 0.23. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Platinum Group Metals, assuming nothing else is changed. The correlation between historical values of Platinum Group's Free Cash Flow Yield and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Platinum Group Metals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Platinum Group's Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Platinum Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Platinum Group 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 Platinum Group 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.

As of the 11th of December 2024, Tax Provision is likely to grow to about 50.7 K, while Selling General Administrative is likely to drop about 5.9 M.

	2023	2024 (projected)
Non Recurring	677.5M	711.4M
Interest Income	525.6K	499.3K

Non Recurring Interest Income

Platinum Group fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Short Long Term Debt Total	Non Currrent Assets Other	Intangible Assets	Common Stock Total Equity
Total Assets		0.45	0.99	0.98	-0.44	0.73	0.87	0.71	0.99	0.7	0.92	-0.56	0.1	0.23	-0.09	-0.25	0.3	0.98	0.66	-0.13	-0.29	0.6	0.68	0.48	0.24	-0.42
Total Current Liabilities	0.45		0.34	0.39	0.3	0.18	0.66	0.22	0.39	0.21	0.41	-0.44	0.52	0.44	0.69	-0.13	0.84	0.39	0.56	0.33	-0.28	0.88	0.72	0.44	0.23	0.0
Total Stockholder Equity	0.99	0.34		0.98	-0.53	0.77	0.81	0.72	0.98	0.71	0.92	-0.51	-0.04	0.13	-0.19	-0.26	0.15	0.98	0.62	-0.26	-0.22	0.52	0.58	0.42	0.18	-0.47
Property Plant And Equipment Net	0.98	0.39	0.98		-0.37	0.7	0.77	0.6	1.0	0.59	0.88	-0.51	0.11	0.25	-0.18	-0.21	0.27	1.0	0.52	-0.1	-0.27	0.52	0.6	0.57	0.22	-0.37
Net Debt	-0.44	0.3	-0.53	-0.37		-0.49	-0.4	-0.81	-0.38	-0.8	-0.54	0.07	0.67	0.48	0.5	0.14	0.58	-0.37	-0.52	0.76	-0.02	0.03	0.03	0.35	0.02	0.48
Retained Earnings	0.73	0.18	0.77	0.7	-0.49		0.62	0.57	0.72	0.56	0.65	-0.73	-0.1	0.1	-0.14	-0.72	0.03	0.7	0.49	-0.33	0.35	0.42	0.48	0.28	-0.31	-0.89
Accounts Payable	0.87	0.66	0.81	0.77	-0.4	0.62		0.83	0.77	0.82	0.89	-0.64	0.25	0.28	0.25	-0.3	0.49	0.77	0.93	-0.02	-0.3	0.75	0.81	0.27	0.25	-0.39
Cash	0.71	0.22	0.72	0.6	-0.81	0.57	0.83		0.61	1.0	0.81	-0.4	-0.18	-0.09	-0.15	-0.24	0.0	0.6	0.88	-0.38	-0.2	0.4	0.46	-0.06	0.17	-0.44
Non Current Assets Total	0.99	0.39	0.98	1.0	-0.38	0.72	0.77	0.61		0.6	0.87	-0.52	0.1	0.24	-0.18	-0.23	0.26	1.0	0.53	-0.11	-0.27	0.53	0.61	0.56	0.22	-0.4
Cash And Short Term Investments	0.7	0.21	0.71	0.59	-0.8	0.56	0.82	1.0	0.6		0.81	-0.42	-0.16	-0.08	-0.16	-0.24	0.01	0.59	0.88	-0.36	-0.21	0.4	0.47	-0.06	0.17	-0.44
Net Receivables	0.92	0.41	0.92	0.88	-0.54	0.65	0.89	0.81	0.87	0.81		-0.54	0.03	0.21	-0.06	-0.25	0.23	0.88	0.78	-0.19	-0.23	0.55	0.63	0.21	0.19	-0.38
Common Stock Shares Outstanding	-0.56	-0.44	-0.51	-0.51	0.07	-0.73	-0.64	-0.4	-0.52	-0.42	-0.54		-0.45	-0.62	-0.21	0.84	-0.51	-0.51	-0.51	-0.22	-0.15	-0.59	-0.78	-0.27	0.14	0.67
Non Current Liabilities Total	0.1	0.52	-0.04	0.11	0.67	-0.1	0.25	-0.18	0.1	-0.16	0.03	-0.45		0.79	0.48	-0.11	0.9	0.11	0.09	0.93	-0.3	0.33	0.61	0.5	0.24	0.22
Inventory	0.23	0.44	0.13	0.25	0.48	0.1	0.28	-0.09	0.24	-0.08	0.21	-0.62	0.79		0.27	-0.35	0.72	0.25	0.08	0.77	-0.17	0.38	0.63	0.33	0.13	0.01
Other Current Assets	-0.09	0.69	-0.19	-0.18	0.5	-0.14	0.25	-0.15	-0.18	-0.16	-0.06	-0.21	0.48	0.27		-0.03	0.66	-0.18	0.32	0.35	-0.1	0.59	0.47	-0.04	0.08	0.09
Other Stockholder Equity	-0.25	-0.13	-0.26	-0.21	0.14	-0.72	-0.3	-0.24	-0.23	-0.24	-0.25	0.84	-0.11	-0.35	-0.03		-0.14	-0.21	-0.25	0.02	-0.56	-0.28	-0.36	-0.09	0.43	0.76
Total Liab	0.3	0.84	0.15	0.27	0.58	0.03	0.49	0.0	0.26	0.01	0.23	-0.51	0.9	0.72	0.66	-0.14		0.27	0.34	0.76	-0.33	0.66	0.75	0.54	0.27	0.14
Property Plant And Equipment Gross	0.98	0.39	0.98	1.0	-0.37	0.7	0.77	0.6	1.0	0.59	0.88	-0.51	0.11	0.25	-0.18	-0.21	0.27		0.52	-0.1	-0.27	0.51	0.6	0.57	0.22	-0.37
Total Current Assets	0.66	0.56	0.62	0.52	-0.52	0.49	0.93	0.88	0.53	0.88	0.78	-0.51	0.09	0.08	0.32	-0.25	0.34	0.52		-0.16	-0.25	0.67	0.69	-0.05	0.21	-0.37
Other Current Liab	-0.13	0.33	-0.26	-0.1	0.76	-0.33	-0.02	-0.38	-0.11	-0.36	-0.19	-0.22	0.93	0.77	0.35	0.02	0.76	-0.1	-0.16		-0.24	0.05	0.33	0.43	0.2	0.42
Current Deferred Revenue	-0.29	-0.28	-0.22	-0.27	-0.02	0.35	-0.3	-0.2	-0.27	-0.21	-0.23	-0.15	-0.3	-0.17	-0.1	-0.56	-0.33	-0.27	-0.25	-0.24		-0.31	-0.4	-0.12	-0.87	-0.47
Short Term Debt	0.6	0.88	0.52	0.52	0.03	0.42	0.75	0.4	0.53	0.4	0.55	-0.59	0.33	0.38	0.59	-0.28	0.66	0.51	0.67	0.05	-0.31		0.85	0.24	0.26	-0.3
Short Long Term Debt Total	0.68	0.72	0.58	0.6	0.03	0.48	0.81	0.46	0.61	0.47	0.63	-0.78	0.61	0.63	0.47	-0.36	0.75	0.6	0.69	0.33	-0.4	0.85		0.31	0.33	-0.34
Non Currrent Assets Other	0.48	0.44	0.42	0.57	0.35	0.28	0.27	-0.06	0.56	-0.06	0.21	-0.27	0.5	0.33	-0.04	-0.09	0.54	0.57	-0.05	0.43	-0.12	0.24	0.31		0.09	0.02
Intangible Assets	0.24	0.23	0.18	0.22	0.02	-0.31	0.25	0.17	0.22	0.17	0.19	0.14	0.24	0.13	0.08	0.43	0.27	0.22	0.21	0.2	-0.87	0.26	0.33	0.09		0.53
Common Stock Total Equity	-0.42	0.0	-0.47	-0.37	0.48	-0.89	-0.39	-0.44	-0.4	-0.44	-0.38	0.67	0.22	0.01	0.09	0.76	0.14	-0.37	-0.37	0.42	-0.47	-0.3	-0.34	0.02	0.53

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Platinum Group Account Relationship Matchups

Platinum Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.4M	51.2M	53.7M	50.0M	57.5M	54.6M
Total Current Liabilities	4.3M	30.3M	1.1M	1.4M	1.6M	1.5M
Total Stockholder Equity	(20.3M)	1.9M	32.5M	25.7M	29.6M	28.1M
Property Plant And Equipment Net	35.4M	44.4M	40.7M	42.2M	48.6M	46.1M
Net Debt	35.4M	21.9M	(12.3M)	(6.7M)	(7.7M)	(8.1M)
Retained Earnings	(746.3M)	(759.8M)	(768.4M)	(774.7M)	(697.3M)	(662.4M)
Accounts Payable	1.4M	2.5M	1.0M	1.3M	1.5M	1.4M
Cash	1.3M	6.1M	12.3M	7.0M	8.0M	7.6M
Non Current Assets Total	35.5M	44.6M	40.9M	42.5M	48.8M	46.4M
Cash And Short Term Investments	1.3M	6.1M	12.3M	7.0M	8.0M	7.6M
Net Receivables	218K	476K	382K	215K	247.3K	234.9K
Common Stock Shares Outstanding	61.5M	71.9M	89.6M	99.9M	114.9M	120.7M
Liabilities And Stockholders Equity	37.4M	51.2M	53.7M	50.0M	57.5M	54.6M
Non Current Liabilities Total	37.3M	1.5M	1.0M	1.3M	1.5M	1.4M
Other Current Assets	385K	71K	52K	563K	647.5K	615.1K
Other Stockholder Equity	28.3M	30.1M	32.1M	33.8M	38.8M	46.1M
Total Liab	41.6M	31.7M	2.1M	2.6M	3.0M	2.9M
Property Plant And Equipment Gross	37.2M	35.4M	40.7M	42.2M	48.6M	46.1M
Total Current Assets	1.9M	6.6M	12.8M	7.6M	8.7M	8.3M
Accumulated Other Comprehensive Income	(164.1M)	(159.2M)	(166.2M)	(170.3M)	(153.3M)	(145.6M)
Other Current Liab	2.9M	27.8K	81K	48K	55.2K	52.4K
Short Long Term Debt Total	36.7M	27.9M	44K	317K	285.3K	271.0K
Non Currrent Assets Other	108K	170K	190K	235K	270.3K	256.7K
Common Stock	861.9M	890.8M	935.0M	937.0M	1.1B	784.6M
Other Liab	3.2M	509K	1.3M	959K	863.1K	819.9K
Net Tangible Assets	(16.6M)	(20.3M)	1.9M	32.5M	29.3M	27.8M
Property Plant Equipment	37.2M	35.4M	44.4M	40.7M	36.7M	34.8M
Capital Surpluse	26.8M	28.3M	30.1M	32.1M	36.9M	29.8M
Long Term Debt Total	34.9M	36.7M	130K	44K	39.6K	37.6K
Long Term Investments	65K	108K	170K	190K	171K	162.5K
Cash And Equivalents	5.6M	1.3M	6.1M	12.3M	11.1M	11.7M
Net Invested Capital	16.3M	29.7M	32.5M	25.7M	23.2M	28.0M

Pair Trading with Platinum Group

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 Platinum Group 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 Platinum Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Platinum Stock

0.85	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr

Moving against Platinum Stock

0.66	TD	Toronto Dominion Bank	Pair Corr
0.63	AQN	Algonquin Power Utilities	Pair Corr
0.4	INFM	Infinico Metals Corp	Pair Corr
0.35	T	Telus Corp	Pair Corr

The ability to find closely correlated positions to Platinum Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Platinum Group 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 Platinum Group - 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 Platinum Group Metals to buy it.

The correlation of Platinum Group 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 Platinum Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Platinum Group Metals 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 Platinum Group 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 Correlation Correlation Matching

When determining whether Platinum Group Metals is a strong investment it is important to analyze Platinum Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Platinum Group's future performance. For an informed investment choice regarding Platinum Stock, refer to the following important reports:

How To Invest In Platinum

Details

Is Platinum Stock a good investment?

Details

What is Platinum Group's Net Worth?

Details

Largest Other Precious Metals & Mining Companies

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Largest Basic Materials Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group 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.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Please note, there is a significant difference between Platinum Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Platinum Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Platinum Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Platinum Free Cash Flow Yield vs Ptb Ratio Analysis

Free Cash Flow Yield vs Ptb Ratio

Free Cash Flow Yield vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Ptb Ratio

Platinum Group fundamental ratios Correlations

Platinum Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Platinum Group fundamental ratios Accounts

Pair Trading with Platinum Group

Moving together with Platinum Stock

Moving against Platinum Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Common Stock Total Equity	- 0.89	Retained Earnings
Intangible Assets	- 0.87	Current Deferred Revenue
Cash	- 0.81	Net Debt
Cash And Short Term Investments	- 0.8	Net Debt
Short Long Term Debt Total	- 0.78	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.73	Retained Earnings