Parex Income Quality vs Ptb Ratio Analysis

PXT Stock

CAD 13.57 0.18 1.31%

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

Income Quality vs Ptb Ratio

Income Quality vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parex Resources Income Quality account and Ptb Ratio. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Parex Resources' Income Quality and Ptb Ratio is 0.11. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Parex Resources, assuming nothing else is changed. The correlation between historical values of Parex Resources' Income Quality 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 Income Quality of Parex Resources 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 Income Quality i.e., Parex Resources' Income Quality and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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 Parex Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parex Resources 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 Parex Resources. 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, Parex Resources' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Multiple is likely to grow to 3.16, while Selling General Administrative is likely to drop about 58 M.

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	1.6B	1.2B	751.7M
Depreciation And Amortization	121.4M	149.4M	194.2M	135.3M

Total Revenue Depreciation And Amortization

Parex Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Long Term Debt Total	Good Will	Inventory	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.6	0.81	0.87	0.98	-0.62	0.75	0.45	0.72	0.82	0.72	0.63	0.35	0.46	-0.22	0.78	0.73	0.83	0.12	0.27	-0.2	0.75	-0.67	0.69	0.5	-0.5
Other Current Liab	0.6		0.88	0.49	0.49	-0.72	0.39	-0.17	0.74	0.42	0.74	0.23	0.31	0.1	-0.2	0.62	0.36	0.73	-0.37	0.11	-0.42	0.3	-0.46	0.44	0.41	-0.55
Total Current Liabilities	0.81	0.88		0.64	0.74	-0.63	0.56	0.19	0.7	0.62	0.7	0.5	0.28	0.27	-0.24	0.9	0.57	0.79	0.01	0.26	-0.23	0.43	-0.48	0.45	0.34	-0.39
Total Stockholder Equity	0.87	0.49	0.64		0.85	-0.49	0.92	0.62	0.66	0.97	0.66	0.52	0.33	0.64	-0.25	0.58	0.88	0.74	0.03	0.41	0.0	0.82	-0.67	0.72	0.58	-0.59
Property Plant And Equipment Net	0.98	0.49	0.74	0.85		-0.5	0.72	0.54	0.6	0.82	0.6	0.65	0.34	0.53	-0.24	0.78	0.75	0.74	0.26	0.3	-0.14	0.76	-0.66	0.67	0.47	-0.39
Net Debt	-0.62	-0.72	-0.63	-0.49	-0.5		-0.29	0.24	-0.97	-0.28	-0.97	-0.39	-0.48	0.16	0.1	-0.33	-0.2	-0.91	0.52	0.04	0.76	-0.38	0.65	-0.59	-0.63	0.54
Retained Earnings	0.75	0.39	0.56	0.92	0.72	-0.29		0.7	0.49	0.92	0.49	0.47	-0.04	0.65	-0.23	0.52	0.93	0.57	0.06	0.42	0.3	0.64	-0.39	0.44	0.25	-0.47
Accounts Payable	0.45	-0.17	0.19	0.62	0.54	0.24	0.7		-0.03	0.75	-0.03	0.52	-0.05	0.64	-0.17	0.44	0.79	0.13	0.64	0.39	0.59	0.46	-0.17	0.16	-0.01	0.07
Cash	0.72	0.74	0.7	0.66	0.6	-0.97	0.49	-0.03		0.48	1.0	0.49	0.49	-0.02	-0.09	0.45	0.38	0.97	-0.41	0.03	-0.59	0.46	-0.69	0.62	0.63	-0.62
Non Current Assets Total	0.82	0.42	0.62	0.97	0.82	-0.28	0.92	0.75	0.48		0.48	0.48	0.24	0.75	-0.25	0.64	0.93	0.59	0.21	0.48	0.2	0.79	-0.55	0.62	0.45	-0.49
Cash And Short Term Investments	0.72	0.74	0.7	0.66	0.6	-0.97	0.49	-0.03	1.0	0.48		0.49	0.49	-0.02	-0.09	0.45	0.38	0.97	-0.41	0.03	-0.59	0.46	-0.69	0.62	0.63	-0.62
Net Receivables	0.63	0.23	0.5	0.52	0.65	-0.39	0.47	0.52	0.49	0.48	0.49		0.29	0.05	-0.27	0.61	0.5	0.63	0.37	-0.11	-0.06	0.25	-0.52	0.21	0.13	-0.01
Common Stock Shares Outstanding	0.35	0.31	0.28	0.33	0.34	-0.48	-0.04	-0.05	0.49	0.24	0.49	0.29		-0.04	-0.15	0.25	-0.01	0.49	-0.01	-0.05	-0.54	0.41	-0.81	0.63	0.74	-0.46
Other Current Assets	0.46	0.1	0.27	0.64	0.53	0.16	0.65	0.64	-0.02	0.75	-0.02	0.05	-0.04		-0.24	0.36	0.71	0.1	0.28	0.54	0.33	0.67	-0.19	0.44	0.28	-0.12
Other Stockholder Equity	-0.22	-0.2	-0.24	-0.25	-0.24	0.1	-0.23	-0.17	-0.09	-0.25	-0.09	-0.27	-0.15	-0.24		-0.13	-0.24	-0.15	0.19	-0.43	0.08	-0.35	0.48	-0.34	-0.31	0.12
Total Liab	0.78	0.62	0.9	0.58	0.78	-0.33	0.52	0.44	0.45	0.64	0.45	0.61	0.25	0.36	-0.13		0.6	0.61	0.45	0.21	0.03	0.37	-0.36	0.29	0.13	-0.15
Property Plant And Equipment Gross	0.73	0.36	0.57	0.88	0.75	-0.2	0.93	0.79	0.38	0.93	0.38	0.5	-0.01	0.71	-0.24	0.6		0.5	0.22	0.54	0.28	0.67	-0.39	0.47	0.27	-0.27
Total Current Assets	0.83	0.73	0.79	0.74	0.74	-0.91	0.57	0.13	0.97	0.59	0.97	0.63	0.49	0.1	-0.15	0.61	0.5		-0.21	0.07	-0.49	0.53	-0.72	0.63	0.6	-0.55
Non Current Liabilities Total	0.12	-0.37	0.01	0.03	0.26	0.52	0.06	0.64	-0.41	0.21	-0.41	0.37	-0.01	0.28	0.19	0.45	0.22	-0.21		-0.02	0.53	-0.03	0.15	-0.25	-0.38	0.46
Non Currrent Assets Other	0.27	0.11	0.26	0.41	0.3	0.04	0.42	0.39	0.03	0.48	0.03	-0.11	-0.05	0.54	-0.43	0.21	0.54	0.07	-0.02		0.17	0.53	-0.18	0.4	0.28	-0.15
Short Long Term Debt Total	-0.2	-0.42	-0.23	0.0	-0.14	0.76	0.3	0.59	-0.59	0.2	-0.59	-0.06	-0.54	0.33	0.08	0.03	0.28	-0.49	0.53	0.17		-0.17	0.5	-0.49	-0.63	0.2
Good Will	0.75	0.3	0.43	0.82	0.76	-0.38	0.64	0.46	0.46	0.79	0.46	0.25	0.41	0.67	-0.35	0.37	0.67	0.53	-0.03	0.53	-0.17		-0.68	0.93	0.79	-0.5
Inventory	-0.67	-0.46	-0.48	-0.67	-0.66	0.65	-0.39	-0.17	-0.69	-0.55	-0.69	-0.52	-0.81	-0.19	0.48	-0.36	-0.39	-0.72	0.15	-0.18	0.5	-0.68		-0.81	-0.81	0.59
Common Stock Total Equity	0.69	0.44	0.45	0.72	0.67	-0.59	0.44	0.16	0.62	0.62	0.62	0.21	0.63	0.44	-0.34	0.29	0.47	0.63	-0.25	0.4	-0.49	0.93	-0.81		0.95	-0.59
Common Stock	0.5	0.41	0.34	0.58	0.47	-0.63	0.25	-0.01	0.63	0.45	0.63	0.13	0.74	0.28	-0.31	0.13	0.27	0.6	-0.38	0.28	-0.63	0.79	-0.81	0.95		-0.55
Other Liab	-0.5	-0.55	-0.39	-0.59	-0.39	0.54	-0.47	0.07	-0.62	-0.49	-0.62	-0.01	-0.46	-0.12	0.12	-0.15	-0.27	-0.55	0.46	-0.15	0.2	-0.5	0.59	-0.59	-0.55

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Parex Resources Account Relationship Matchups

Parex Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.5B	1.8B	2.3B	2.4B	1.3B
Other Current Liab	86.6M	19.7M	47.5M	217.8M	29.1M	56.4M
Total Current Liabilities	211.8M	122.5M	248.3M	508.6M	258.1M	188.8M
Total Stockholder Equity	1.4B	1.3B	1.4B	1.7B	2.0B	2.1B
Property Plant And Equipment Net	966.0M	982.3M	1.1B	1.4B	1.5B	787.8M
Net Debt	(396.1M)	(328.7M)	(373.8M)	(412.9M)	(44.6M)	(46.8M)
Retained Earnings	541.2M	533.9M	637.4M	1.0B	1.3B	1.3B
Accounts Payable	63.5M	102.8M	160.9M	96.9M	229.1M	240.5M
Cash	396.8M	330.6M	378.3M	419.0M	140.4M	210.8M
Non Current Assets Total	1.1B	1.1B	1.2B	1.7B	2.1B	2.2B
Cash And Short Term Investments	396.8M	330.6M	378.3M	419.0M	140.4M	210.8M
Net Receivables	143.6M	80.2M	179.8M	113.2M	105.6M	81.8M
Common Stock Shares Outstanding	149.0M	139.6M	125.6M	113.7M	106.3M	129.4M
Liabilities And Stockholders Equity	1.7B	1.5B	1.8B	2.3B	2.4B	1.3B
Other Current Assets	14.8M	30.0M	14.5M	56.8M	86.9M	91.3M
Other Stockholder Equity	48.6M	43.2M	24.5M	20.3M	19.2M	18.3M
Total Liab	282.1M	200.6M	390.5M	599.4M	459.9M	304.3M
Property Plant And Equipment Gross	966.0M	982.3M	2.8B	3.2B	3.6B	3.8B
Total Current Assets	555.9M	442.6M	574.0M	593.6M	337.2M	327.6M
Non Current Liabilities Total	70.3M	78.1M	142.3M	90.8M	201.8M	123.2M
Non Currrent Assets Other	(1.0B)	20.0M	25.0M	165.3M	454.9M	477.7M
Inventory	653K	1.9M	1.4M	4.6M	4.3M	4.2M
Common Stock Total Equity	836.2M	848.9M	812.7M	763.4M	877.9M	784.3M
Common Stock	812.7M	763.4M	731.7M	682.7M	660.8M	778.5M
Other Liab	69.5M	76.3M	137.8M	84.7M	76.2M	78.3M
Net Tangible Assets	1.3B	1.3B	1.3B	1.6B	1.9B	1.1B
Property Plant Equipment	966.0M	982.3M	1.1B	1.4B	1.6B	963.6M
Capital Surpluse	48.6M	43.2M	24.5M	20.3M	18.3M	31.9M
Other Assets	89.3M	42.7M	6.9M	276.2M	317.6M	333.5M
Long Term Debt Total	770K	1.8M	4.5M	6.1M	7.0M	7.3M
Cash And Equivalents	396.8M	330.6M	378.3M	419.0M	481.9M	372.7M
Net Invested Capital	1.4B	1.3B	1.4B	1.7B	2.0B	1.6B
Net Working Capital	344.0M	320.2M	325.8M	85.0M	79.0M	75.1M
Capital Stock	812.7M	763.4M	731.7M	682.7M	660.8M	600.0M

Pair Trading with Parex Resources

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 Parex Resources 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Parex Stock

0.82	ENB-PFV	Enbridge Pref 5	Pair Corr
0.87	ENS	E Split Corp	Pair Corr
0.88	ENS-PA	E Split Corp	Pair Corr

Moving against Parex Stock

0.82	ARA	Aclara Resources	Pair Corr
0.71	RCI-A	Rogers Communications	Pair Corr
0.58	CCL-A	CCL Industries	Pair Corr
0.45	SAGE	Sage Potash Corp	Pair Corr

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

The correlation of Parex Resources 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 Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources 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 Parex Resources 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

Other Information on Investing in Parex Stock

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

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Parex Income Quality vs Ptb Ratio Analysis

Income Quality vs Ptb Ratio

Income Quality vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Ptb Ratio

Parex Resources fundamental ratios Correlations

Parex Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parex Resources fundamental ratios Accounts

Pair Trading with Parex Resources

Moving together with Parex Stock

Moving against Parex Stock

Other Information on Investing in Parex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Current Assets	+ 0.97	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments
Common Stock	+ 0.95	Common Stock Total Equity

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Current Assets	- 0.91	Net Debt
Common Stock	- 0.81	Inventory
Common Stock Total Equity	- 0.81	Inventory
Inventory	- 0.81	Common Stock Shares Outstanding