Platinum Pb Ratio vs Book Value Per Share Analysis
PTM Stock | CAD 2.12 0.05 2.30% |
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 Pb Ratio and its Book Value Per Share 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.
Pb Ratio vs Book Value Per Share
Pb Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Platinum Group Metals Pb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Platinum Group's Pb Ratio and Book Value Per Share is -0.17. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Book Value Per Share 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 Pb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Platinum Group Metals are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pb Ratio i.e., Platinum Group's Pb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pb Ratio
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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 |
Platinum Group fundamental ratios Correlations
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Platinum Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Platinum Stock
0.66 | TD | Toronto Dominion Bank | PairCorr |
0.63 | AQN | Algonquin Power Utilities | PairCorr |
0.4 | INFM | Infinico Metals Corp | PairCorr |
0.35 | T | Telus Corp | PairCorr |
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.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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.