Starcore Free Cash Flow Yield vs Pb Ratio Analysis

SAM Stock

CAD 0.16 0.02 14.29%

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

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Starcore International Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Starcore International's Free Cash Flow Yield and Pb Ratio is 0.55. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Starcore International Mines, assuming nothing else is changed. The correlation between historical values of Starcore International's Free Cash Flow Yield and Pb 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 Starcore International Mines are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Starcore International's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	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.

Pb Ratio

Most indicators from Starcore International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Starcore International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Starcore International Mines. 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, Starcore International's Tax Provision is very stable compared to the past year. As of the 2nd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.14, while Selling General Administrative is likely to drop about 3 M.

	2020	2021	2023	2024 (projected)
Reconciled Depreciation	4.5M	3.5M	3.1M	3.5M
Interest Income	6K	4K	3.6K	3.4K

Reconciled Depreciation Interest Income

Starcore International 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Stockholder Equity	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Short Term Investments	Inventory
Total Assets		0.49	0.98	0.98	-0.02	0.28	0.63	0.45	0.99	-0.03	0.64	0.73	0.79	0.5	0.88	0.14	0.84	0.11	0.84	0.76	0.47	0.36	0.6	0.43	0.59	0.54
Total Current Liabilities	0.49		0.33	0.52	0.57	-0.1	0.28	0.0	0.51	0.05	0.1	0.29	0.44	0.35	0.52	0.56	0.79	0.02	0.3	0.46	0.32	0.87	0.2	0.73	0.17	0.22
Total Stockholder Equity	0.98	0.33		0.95	-0.16	0.31	0.65	0.52	0.96	0.02	0.68	0.69	0.78	0.5	0.79	0.05	0.71	0.16	0.84	0.74	0.43	0.2	0.6	0.27	0.59	0.54
Property Plant And Equipment Net	0.98	0.52	0.95		0.07	0.27	0.59	0.38	0.99	-0.12	0.53	0.73	0.77	0.49	0.9	0.11	0.86	0.05	0.76	0.73	0.46	0.44	0.58	0.48	0.49	0.49
Net Debt	-0.02	0.57	-0.16	0.07		0.01	-0.18	-0.72	0.07	-0.42	-0.53	0.24	-0.05	-0.28	0.18	0.11	0.36	-0.56	-0.31	-0.16	0.14	0.8	0.04	0.6	-0.02	-0.01
Retained Earnings	0.28	-0.1	0.31	0.27	0.01		-0.15	0.05	0.22	-0.47	0.33	0.5	-0.16	-0.56	0.28	-0.13	0.16	-0.61	0.42	-0.39	0.66	0.05	0.68	0.34	0.49	0.33
Accounts Payable	0.63	0.28	0.65	0.59	-0.18	-0.15		0.35	0.66	0.2	0.28	0.34	0.69	0.64	0.45	0.02	0.44	0.29	0.41	0.74	0.23	0.03	0.47	-0.01	0.13	0.5
Cash	0.45	0.0	0.52	0.38	-0.72	0.05	0.35		0.36	0.38	0.81	0.06	0.51	0.4	0.24	0.07	0.17	0.47	0.67	0.49	0.1	-0.2	0.07	-0.09	0.24	-0.04
Non Current Assets Total	0.99	0.51	0.96	0.99	0.07	0.22	0.66	0.36		-0.07	0.52	0.72	0.78	0.53	0.88	0.09	0.84	0.08	0.74	0.77	0.42	0.41	0.58	0.42	0.51	0.53
Non Currrent Assets Other	-0.03	0.05	0.02	-0.12	-0.42	-0.47	0.2	0.38	-0.07		0.37	-0.46	0.08	0.46	-0.21	0.45	-0.13	0.76	0.12	0.31	-0.57	-0.25	-0.34	-0.35	0.13	-0.16
Cash And Short Term Investments	0.64	0.1	0.68	0.53	-0.53	0.33	0.28	0.81	0.52	0.37		0.27	0.49	0.26	0.45	0.26	0.37	0.32	0.89	0.44	0.2	-0.05	0.29	0.14	0.75	0.16
Net Receivables	0.73	0.29	0.69	0.73	0.24	0.5	0.34	0.06	0.72	-0.46	0.27		0.48	-0.01	0.77	-0.27	0.68	-0.41	0.61	0.32	0.73	0.38	0.66	0.51	0.46	0.65
Common Stock Total Equity	0.79	0.44	0.78	0.77	-0.05	-0.16	0.69	0.51	0.78	0.08	0.49	0.48		0.6	0.66	0.15	0.66	0.3	0.66	0.88	0.25	0.31	0.29	0.32	0.31	0.3
Common Stock Shares Outstanding	0.5	0.35	0.5	0.49	-0.28	-0.56	0.64	0.4	0.53	0.46	0.26	-0.01	0.6		0.33	0.29	0.38	0.8	0.3	0.89	-0.2	-0.01	-0.08	-0.18	-0.04	0.23
Non Current Liabilities Total	0.88	0.52	0.79	0.9	0.18	0.28	0.45	0.24	0.88	-0.21	0.45	0.77	0.66	0.33		0.16	0.93	-0.08	0.73	0.6	0.47	0.51	0.55	0.63	0.53	0.45
Other Current Assets	0.14	0.56	0.05	0.11	0.11	-0.13	0.02	0.07	0.09	0.45	0.26	-0.27	0.15	0.29	0.16		0.35	0.41	0.26	0.21	-0.07	0.31	-0.02	0.33	0.27	-0.02
Total Liab	0.84	0.79	0.71	0.86	0.36	0.16	0.44	0.17	0.84	-0.13	0.37	0.68	0.66	0.38	0.93	0.35		-0.04	0.65	0.62	0.47	0.73	0.48	0.76	0.45	0.41
Property Plant And Equipment Gross	0.11	0.02	0.16	0.05	-0.56	-0.61	0.29	0.47	0.08	0.76	0.32	-0.41	0.3	0.8	-0.08	0.41	-0.04		0.18	0.59	-0.49	-0.36	-0.34	-0.43	-0.06	-0.01
Total Current Assets	0.84	0.3	0.84	0.76	-0.31	0.42	0.41	0.67	0.74	0.12	0.89	0.61	0.66	0.3	0.73	0.26	0.65	0.18		0.55	0.52	0.14	0.56	0.39	0.73	0.48
Common Stock	0.76	0.46	0.74	0.73	-0.16	-0.39	0.74	0.49	0.77	0.31	0.44	0.32	0.88	0.89	0.6	0.21	0.62	0.59	0.55		0.04	0.2	0.15	0.09	0.21	0.34
Other Stockholder Equity	0.47	0.32	0.43	0.46	0.14	0.66	0.23	0.1	0.42	-0.57	0.2	0.73	0.25	-0.2	0.47	-0.07	0.47	-0.49	0.52	0.04		0.29	0.79	0.53	0.24	0.68
Short Long Term Debt Total	0.36	0.87	0.2	0.44	0.8	0.05	0.03	-0.2	0.41	-0.25	-0.05	0.38	0.31	-0.01	0.51	0.31	0.73	-0.36	0.14	0.2	0.29		0.12	0.84	0.19	-0.02
Other Current Liab	0.6	0.2	0.6	0.58	0.04	0.68	0.47	0.07	0.58	-0.34	0.29	0.66	0.29	-0.08	0.55	-0.02	0.48	-0.34	0.56	0.15	0.79	0.12		0.41	0.4	0.79
Short Term Debt	0.43	0.73	0.27	0.48	0.6	0.34	-0.01	-0.09	0.42	-0.35	0.14	0.51	0.32	-0.18	0.63	0.33	0.76	-0.43	0.39	0.09	0.53	0.84	0.41		0.36	0.19
Short Term Investments	0.59	0.17	0.59	0.49	-0.02	0.49	0.13	0.24	0.51	0.13	0.75	0.46	0.31	-0.04	0.53	0.27	0.45	-0.06	0.73	0.21	0.24	0.19	0.4	0.36		0.28
Inventory	0.54	0.22	0.54	0.49	-0.01	0.33	0.5	-0.04	0.53	-0.16	0.16	0.65	0.3	0.23	0.45	-0.02	0.41	-0.01	0.48	0.34	0.68	-0.02	0.79	0.19	0.28

Click cells to compare fundamentals

Starcore International Account Relationship Matchups

Starcore International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	54.4M	46.5M	52.0M	50.9M	52.0M	42.4M
Total Current Liabilities	6.3M	2.7M	3.8M	3.3M	4.2M	4.9M
Total Stockholder Equity	37.3M	36.3M	40.1M	38.8M	40.6M	28.3M
Property Plant And Equipment Net	43.1M	34.5M	35.8M	30.6M	38.1M	31.6M
Net Debt	2.8M	(3.4M)	(7.9M)	(2.3M)	(4.6M)	(4.3M)
Retained Earnings	(29.5M)	(26.6M)	(24.2M)	(29.5M)	(27.8M)	(26.4M)
Accounts Payable	2.3M	2.0M	2.8M	2.6M	3.4M	2.0M
Cash	2.1M	4.4M	8.8M	2.7M	5.3M	3.0M
Non Current Assets Total	48.1M	38.0M	39.1M	39.1M	42.1M	34.5M
Cash And Short Term Investments	2.1M	5.2M	9.3M	7.1M	5.7M	4.2M
Net Receivables	2.3M	1.2M	1.6M	2.0M	216K	205.2K
Liabilities And Stockholders Equity	54.4M	46.5M	52.0M	50.9M	52.0M	42.4M
Non Current Liabilities Total	10.9M	7.5M	8.2M	8.8M	7.2M	9.3M
Other Current Assets	282K	367K	472K	1.9M	2.5M	2.6M
Total Liab	17.1M	10.2M	12.0M	12.1M	11.4M	14.2M
Property Plant And Equipment Gross	43.1M	43.1M	95.3M	102.6M	118.0M	123.9M
Total Current Assets	6.3M	8.5M	12.9M	11.8M	9.9M	7.9M
Other Stockholder Equity	16.1M	12.2M	13.5M	5.0M	5.8M	5.5M
Accumulated Other Comprehensive Income	16.1M	12.2M	13.5M	16.4M	15.1M	8.4M
Short Long Term Debt Total	4.9M	947K	898K	384K	758K	720.1K
Other Current Liab	120K	192K	332K	490K	297K	282.2K
Short Term Debt	3.8M	447K	636K	216K	442K	419.9K
Inventory	1.7M	1.8M	1.5M	2.4M	1.5M	2.1M
Current Deferred Revenue	(332.0K)	(192K)	(279.0)	24K	27.6K	29.0K
Other Liab	10.0M	9.8M	7.0M	8.0M	7.2M	8.6M
Net Tangible Assets	39.0M	37.3M	36.3M	40.1M	36.0M	37.7M
Other Assets	5.0M	3.5M	3.3M	2.8M	2.5M	3.7M
Property Plant Equipment	43.1M	34.5M	35.8M	36.3M	32.7M	36.6M
Long Term Debt Total	1.1M	500K	262K	168K	151.2K	143.6K
Net Invested Capital	43.6M	40.5M	36.3M	40.1M	36.0M	37.0M
Cash And Equivalents	2.1M	4.4M	8.8M	3.8M	4.3M	4.6M
Net Working Capital	2.6M	46K	5.8M	9.1M	8.2M	4.8M

Pair Trading with Starcore International

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 Starcore International 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 Starcore International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Starcore Stock

0.65	AG	First Majestic Silver	Pair Corr
0.61	IE	Ivanhoe Energy	Pair Corr
0.68	FDY	Faraday Copper Corp	Pair Corr

Moving against Starcore Stock

0.5

NovaGold Resources

Pair Corr

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

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

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

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Starcore Free Cash Flow Yield vs Pb Ratio Analysis

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Pb Ratio

Starcore International fundamental ratios Correlations

Starcore International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Starcore International fundamental ratios Accounts

Pair Trading with Starcore International

Moving together with Starcore Stock

Moving against Starcore Stock

Other Information on Investing in Starcore Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.96	Total Stockholder Equity
Property Plant And Equipment Net	+ 0.95	Total Stockholder Equity

Cash	- 0.72	Net Debt
Property Plant And Equipment Gross	- 0.61	Retained Earnings
Other Stockholder Equity	- 0.57	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.56	Retained Earnings
Property Plant And Equipment Gross	- 0.56	Net Debt
Cash And Short Term Investments	- 0.53	Net Debt