PyroGenesis Retained Earnings vs Total Assets Analysis

PYR Stock

CAD 0.59 0.05 9.26%

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

Retained Earnings vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PyroGenesis Canada Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between PyroGenesis Canada's Retained Earnings and Total Assets is -0.26. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of PyroGenesis Canada, assuming nothing else is changed. The correlation between historical values of PyroGenesis Canada's Retained Earnings and Total Assets 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 PyroGenesis Canada are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., PyroGenesis Canada's Retained Earnings and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Total Assets

Total assets refers to the total amount of PyroGenesis Canada 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 PyroGenesis Canada 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.

Most indicators from PyroGenesis Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PyroGenesis Canada 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 PyroGenesis Canada. 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 28th of December 2024, Selling General Administrative is likely to grow to about 33.6 M, though Tax Provision is likely to grow to (105.45).

	2021	2022	2023	2024 (projected)
Cost Of Revenue	18.6M	10.9M	10.3M	7.7M
Depreciation And Amortization	1.4M	2.1M	2.2M	2.3M

Cost Of Revenue Depreciation And Amortization

PyroGenesis Canada fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Current Liabilities Total	Other Current Assets	Intangible Assets	Current Deferred Revenue	Non Currrent Assets Other	Common Stock Total Equity	Inventory
Total Assets		0.63	0.93	-0.7	-0.26	0.65	0.92	0.92	0.74	0.71	0.76	0.52	0.58	0.93	0.21	-0.05	0.53	0.82	0.94	-0.06	0.49	-0.19	0.65	0.34	0.69	0.6
Total Current Liabilities	0.63		0.32	-0.03	-0.88	0.96	0.37	0.37	0.88	0.77	0.88	0.93	0.97	0.81	0.59	0.12	0.9	0.86	0.47	0.08	0.83	-0.36	0.93	0.35	0.91	0.8
Total Stockholder Equity	0.93	0.32		-0.9	0.07	0.35	0.97	0.97	0.5	0.49	0.55	0.22	0.25	0.77	0.0	-0.21	0.26	0.59	0.95	-0.18	0.24	-0.11	0.38	0.28	0.46	0.39
Net Debt	-0.7	-0.03	-0.9		-0.29	-0.03	-0.86	-0.86	-0.2	-0.29	-0.31	0.09	0.1	-0.51	0.16	0.41	-0.01	-0.33	-0.8	0.38	-0.02	0.18	-0.1	-0.29	-0.25	-0.16
Retained Earnings	-0.26	-0.88	0.07	-0.29		-0.84	0.0	0.01	-0.65	-0.66	-0.73	-0.89	-0.87	-0.49	-0.44	-0.05	-0.72	-0.63	-0.1	-0.11	-0.77	0.49	-0.83	-0.39	-0.83	-0.74
Accounts Payable	0.65	0.96	0.35	-0.03	-0.84		0.36	0.36	0.91	0.76	0.86	0.92	0.95	0.83	0.52	0.15	0.82	0.88	0.48	0.14	0.8	-0.3	0.91	0.34	0.88	0.8
Cash	0.92	0.37	0.97	-0.86	0.0	0.36		1.0	0.47	0.51	0.6	0.26	0.33	0.77	-0.01	-0.19	0.29	0.59	0.96	-0.11	0.25	-0.16	0.44	0.29	0.52	0.42
Cash And Short Term Investments	0.92	0.37	0.97	-0.86	0.01	0.36	1.0		0.47	0.49	0.6	0.26	0.32	0.77	-0.02	-0.18	0.29	0.59	0.97	-0.1	0.25	-0.15	0.44	0.28	0.51	0.42
Net Receivables	0.74	0.88	0.5	-0.2	-0.65	0.91	0.47	0.47		0.66	0.83	0.82	0.84	0.93	0.45	0.13	0.82	0.84	0.54	0.09	0.86	-0.13	0.84	0.29	0.75	0.71
Common Stock Shares Outstanding	0.71	0.77	0.49	-0.29	-0.66	0.76	0.51	0.49	0.66		0.67	0.64	0.7	0.7	0.46	-0.16	0.5	0.84	0.55	-0.31	0.57	-0.68	0.67	0.62	0.82	0.59
Short Term Investments	0.76	0.88	0.55	-0.31	-0.73	0.86	0.6	0.6	0.83	0.67		0.89	0.86	0.88	0.24	0.04	0.81	0.8	0.69	0.21	0.76	-0.25	0.96	0.32	0.92	0.91
Other Stockholder Equity	0.52	0.93	0.22	0.09	-0.89	0.92	0.26	0.26	0.82	0.64	0.89		0.95	0.73	0.41	0.15	0.87	0.72	0.38	0.26	0.79	-0.25	0.94	0.23	0.87	0.86
Total Liab	0.58	0.97	0.25	0.1	-0.87	0.95	0.33	0.32	0.84	0.7	0.86	0.95		0.76	0.47	0.23	0.84	0.8	0.43	0.28	0.79	-0.25	0.93	0.27	0.86	0.8
Total Current Assets	0.93	0.81	0.77	-0.51	-0.49	0.83	0.77	0.77	0.93	0.7	0.88	0.73	0.76		0.31	0.01	0.73	0.86	0.81	0.03	0.74	-0.18	0.81	0.35	0.79	0.72
Short Term Debt	0.21	0.59	0.0	0.16	-0.44	0.52	-0.01	-0.02	0.45	0.46	0.24	0.41	0.47	0.31		0.21	0.63	0.54	0.08	-0.3	0.31	-0.27	0.31	0.11	0.37	0.19
Short Long Term Debt Total	-0.05	0.12	-0.21	0.41	-0.05	0.15	-0.19	-0.18	0.13	-0.16	0.04	0.15	0.23	0.01	0.21		0.3	0.18	-0.08	0.74	-0.01	0.64	0.16	-0.63	-0.12	-0.02
Other Current Liab	0.53	0.9	0.26	-0.01	-0.72	0.82	0.29	0.29	0.82	0.5	0.81	0.87	0.84	0.73	0.63	0.3		0.74	0.4	0.17	0.77	-0.07	0.84	0.06	0.74	0.7
Property Plant And Equipment Net	0.82	0.86	0.59	-0.33	-0.63	0.88	0.59	0.59	0.84	0.84	0.8	0.72	0.8	0.86	0.54	0.18	0.74		0.7	-0.01	0.67	-0.29	0.82	0.3	0.84	0.63
Non Current Assets Total	0.94	0.47	0.95	-0.8	-0.1	0.48	0.96	0.97	0.54	0.55	0.69	0.38	0.43	0.81	0.08	-0.08	0.4	0.7		-0.01	0.28	-0.11	0.55	0.23	0.61	0.53
Non Current Liabilities Total	-0.06	0.08	-0.18	0.38	-0.11	0.14	-0.11	-0.1	0.09	-0.31	0.21	0.26	0.28	0.03	-0.3	0.74	0.17	-0.01	-0.01		0.05	0.66	0.3	-0.55	-0.02	0.2
Other Current Assets	0.49	0.83	0.24	-0.02	-0.77	0.8	0.25	0.25	0.86	0.57	0.76	0.79	0.79	0.74	0.31	-0.01	0.77	0.67	0.28	0.05		-0.25	0.81	0.39	0.75	0.63
Intangible Assets	-0.19	-0.36	-0.11	0.18	0.49	-0.3	-0.16	-0.15	-0.13	-0.68	-0.25	-0.25	-0.25	-0.18	-0.27	0.64	-0.07	-0.29	-0.11	0.66	-0.25		-0.23	-0.8	-0.53	-0.28
Current Deferred Revenue	0.65	0.93	0.38	-0.1	-0.83	0.91	0.44	0.44	0.84	0.67	0.96	0.94	0.93	0.81	0.31	0.16	0.84	0.82	0.55	0.3	0.81	-0.23		0.26	0.92	0.85
Non Currrent Assets Other	0.34	0.35	0.28	-0.29	-0.39	0.34	0.29	0.28	0.29	0.62	0.32	0.23	0.27	0.35	0.11	-0.63	0.06	0.3	0.23	-0.55	0.39	-0.8	0.26		0.49	0.39
Common Stock Total Equity	0.69	0.91	0.46	-0.25	-0.83	0.88	0.52	0.51	0.75	0.82	0.92	0.87	0.86	0.79	0.37	-0.12	0.74	0.84	0.61	-0.02	0.75	-0.53	0.92	0.49		0.84
Inventory	0.6	0.8	0.39	-0.16	-0.74	0.8	0.42	0.42	0.71	0.59	0.91	0.86	0.8	0.72	0.19	-0.02	0.7	0.63	0.53	0.2	0.63	-0.28	0.85	0.39	0.84

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PyroGenesis Canada Account Relationship Matchups

PyroGenesis Canada fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.6M	74.5M	69.8M	47.7M	28.4M	18.0M
Total Current Liabilities	11.8M	11.5M	24.8M	25.8M	23.8M	25.0M
Total Stockholder Equity	(6.1M)	59.4M	40.8M	16.9M	(3.2M)	(3.1M)
Net Debt	7.6M	(15.0M)	(5.0M)	3.5M	7.8M	8.2M
Retained Earnings	(60.2M)	(19.0M)	(61.2M)	(93.4M)	(121.9M)	(115.8M)
Accounts Payable	3.0M	2.3M	5.6M	6.3M	4.9M	5.1M
Cash	34.4K	18.1M	12.2M	3.4M	1.8M	2.6M
Cash And Short Term Investments	34.4K	18.1M	12.2M	3.4M	1.8M	2.8M
Net Receivables	1.0M	5.7M	23.6M	20.9M	11.6M	12.2M
Common Stock Shares Outstanding	137.4M	158.3M	166.6M	171.0M	177.8M	93.8M
Liabilities And Stockholders Equity	9.6M	74.5M	69.8M	47.7M	28.4M	18.0M
Other Stockholder Equity	7.1M	10.5M	19.9M	24.8M	27.6M	29.0M
Total Liab	15.7M	15.1M	29.0M	30.8M	31.7M	33.2M
Total Current Assets	1.3M	25.3M	38.8M	27.4M	16.8M	17.6M
Short Term Debt	3.8M	238.2K	3.0M	3.7M	1.7M	1.5M
Short Long Term Debt Total	7.7M	3.1M	7.2M	6.9M	9.6M	4.8M
Other Current Liab	1.9M	2.4M	6.7M	6.1M	6.2M	6.5M
Property Plant And Equipment Net	5.7M	6.2M	9.5M	8.2M	7.1M	4.1M
Non Current Assets Total	8.3M	49.2M	31.0M	20.2M	11.6M	13.4M
Non Current Liabilities Total	3.8M	3.6M	4.2M	5.0M	7.8M	8.2M
Other Current Assets	150.3K	146.0K	2.0M	1.2M	1.5M	1.6M
Accumulated Other Comprehensive Income	(2.0M)	(2.1M)	3.4K	402.0	409.7K	430.2K
Intangible Assets	736.9K	905.6K	2.8M	2.1M	1.3M	1.8M
Current Deferred Revenue	3.1M	6.6M	9.4M	9.7M	11.0M	11.5M
Non Currrent Assets Other	188.2K	2.1M	1.2M	998.3K	46.0K	48.3K
Common Stock Total Equity	30.2M	42.9M	47.1M	68.0M	78.1M	82.0M
Common Stock	47.1M	68.0M	82.1M	85.5M	90.7M	49.9M
Other Assets	662.7K	400.0K	2.3M	(1.0)	(1.15)	(1.09)
Long Term Debt	0.0	100.5K	107.9K	320.1K	288.1K	273.7K
Long Term Debt Total	3.8M	2.9M	2.5M	3.2M	3.7M	3.0M
Capital Surpluse	6.7M	10.5M	19.9M	24.5M	28.2M	29.6M
Property Plant Equipment	5.7M	6.2M	9.5M	8.2M	9.4M	5.0M
Net Tangible Assets	(1.3M)	(6.6M)	58.7M	35.5M	40.8M	42.9M
Long Term Investments	1.6M	16.6M	14.9M	6.2M	7.2M	6.6M
Short Long Term Debt	3.7M	12.2K	83.0K	1.1M	955.6K	1.2M
Deferred Long Term Liab	228.4K	211.9K	195.3K	178.8K	161.0K	169.2K
Net Invested Capital	(2.4M)	59.5M	42.7M	18.3M	21.0M	21.7M

Pair Trading with PyroGenesis Canada

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 PyroGenesis Canada 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 PyroGenesis Canada will appreciate offsetting losses from the drop in the long position's value.

Moving against PyroGenesis Stock

0.92	FFH	Fairfax Financial	Pair Corr
0.92	FFH-PD	Fairfax Financial	Pair Corr
0.9	FFH-PF	Fairfax Financial	Pair Corr
0.9	FFH-PM	Fairfax Financial	Pair Corr
0.89	FFH-PJ	Fairfax Financial	Pair Corr

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

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

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

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PyroGenesis Retained Earnings vs Total Assets Analysis

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Assets

PyroGenesis Canada fundamental ratios Correlations

PyroGenesis Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PyroGenesis Canada fundamental ratios Accounts

Pair Trading with PyroGenesis Canada

Moving against PyroGenesis Stock

Other Information on Investing in PyroGenesis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.97	Total Current Liabilities
Cash	+ 0.97	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Cash And Short Term Investments
Accounts Payable	+ 0.96	Total Current Liabilities

Net Debt	- 0.9	Total Stockholder Equity
Other Stockholder Equity	- 0.89	Retained Earnings
Retained Earnings	- 0.88	Total Current Liabilities
Total Liab	- 0.87	Retained Earnings
Cash And Short Term Investments	- 0.86	Net Debt
Cash	- 0.86	Net Debt