Surge Ptb Ratio vs Pb Ratio Analysis
SGY Stock | CAD 5.25 0.09 1.69% |
Surge Energy financial indicator trend analysis is much more than just breaking down Surge Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Energy is a good investment. Please check the relationship between Surge Energy Ptb Ratio and its Pb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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.
Ptb Ratio vs Pb Ratio
Ptb Ratio vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Energy Ptb Ratio account and Pb Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Surge Energy's Ptb Ratio and Pb Ratio is 1.0. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Surge Energy, assuming nothing else is changed. The correlation between historical values of Surge Energy's Ptb Ratio 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 Ptb Ratio of Surge Energy 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 Ptb Ratio i.e., Surge Energy's Ptb Ratio and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Pb Ratio
Most indicators from Surge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Energy 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 Surge Energy. 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, Surge Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 3.15, while Selling General Administrative is likely to drop about 18 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 244.0M | 464.6M | 348.6M | 366.1M | Total Revenue | 414.6M | 734.5M | 558.6M | 586.6M |
Surge Energy fundamental ratios Correlations
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Surge Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Surge Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 708.0M | 1.3B | 1.6B | 1.5B | 1.6B | |
Total Current Liabilities | 60.3M | 343.9M | 180.0M | 141.4M | 122.1M | 72.4M | |
Total Stockholder Equity | 671.3M | (66.2M) | 513.4M | 838.3M | 844.0M | 886.2M | |
Net Debt | 478.5M | 446.4M | 368.1M | 376.7M | 282.2M | 183.2M | |
Retained Earnings | (853.7M) | (1.6B) | (1.2B) | (988.8M) | (1.0B) | (969.5M) | |
Accounts Payable | 40.8M | 51.3M | 84.3M | 93.4M | 85.4M | 89.7M | |
Non Current Assets Total | 1.4B | 672.9M | 1.2B | 1.5B | 1.4B | 1.5B | |
Non Currrent Assets Other | 191K | (672.9M) | (1.2B) | 660K | 67.1M | 70.4M | |
Cash And Short Term Investments | (46.7M) | (40.8M) | (31.1M) | (28.8M) | (25.9M) | (24.6M) | |
Net Receivables | 41.5M | 29.8M | 55.7M | 60.6M | 46.8M | 23.9M | |
Common Stock Shares Outstanding | 37.3M | 39.5M | 56.0M | 87.0M | 101.0M | 106.1M | |
Liabilities And Stockholders Equity | 1.4B | 708.0M | 1.3B | 1.6B | 1.5B | 1.6B | |
Other Stockholder Equity | 52.2M | 52.1M | 52.1M | 59.0M | 67.5M | 38.6M | |
Total Liab | 754.5M | 774.2M | 762.1M | 711.8M | 636.8M | 341.4M | |
Total Current Assets | 47.4M | 35.0M | 58.9M | 65.1M | 63.4M | 66.6M | |
Short Long Term Debt Total | 431.8M | 405.6M | 337.1M | 347.9M | 282.2M | 192.2M | |
Other Current Liab | 2.7M | 22.9M | 34.3M | 16.8M | 16.3M | 16.8M | |
Property Plant And Equipment Net | 1.3B | 672.9M | 1.2B | 1.4B | 1.4B | 714.6M | |
Non Current Liabilities Total | 694.2M | 430.3M | 582.0M | 570.3M | 514.7M | 279.8M | |
Other Current Assets | 5.9M | 5.3M | 3.2M | 4.5M | 16.7M | 17.5M | |
Property Plant And Equipment Gross | 1.5B | 1.3B | 672.9M | 2.8B | 3.2B | 3.4B | |
Accumulated Other Comprehensive Income | (872.9M) | (1.1B) | 6.3M | 2.7M | 6.4M | 6.7M | |
Short Term Debt | 8.1M | 269.7M | 61.4M | 31.3M | 20.4M | 19.4M | |
Common Stock Total Equity | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 1.3B | |
Common Stock | 1.5B | 1.5B | 1.7B | 1.8B | 1.8B | 1.5B | |
Other Liab | 270.5M | 294.4M | 298.7M | 253.7M | 291.7M | 240.8M | |
Net Tangible Assets | 671.3M | (66.2M) | 513.4M | 838.3M | 754.5M | 567.1M | |
Long Term Debt | 385.1M | 103.9M | 260.0M | 294.3M | 264.8M | 231.2M | |
Property Plant Equipment | 1.3B | 672.9M | 1.2B | 1.4B | 1.3B | 1.0B | |
Other Assets | 2.9M | 42.6M | 0.0 | 77.1M | 88.6M | 93.0M | |
Long Term Debt Total | 423.7M | 135.9M | 283.4M | 316.7M | 364.2M | 297.3M | |
Capital Surpluse | 52.2M | 52.1M | 52.1M | 59.0M | 67.8M | 53.6M | |
Inventory | 46.7M | 40.8M | 31.1M | 28.8M | 33.1M | 27.6M | |
Net Invested Capital | 1.1B | 298.6M | 819.4M | 1.2B | 1.0B | 751.3M | |
Net Working Capital | (12.9M) | (308.8M) | (121.1M) | (76.3M) | (68.7M) | (72.1M) |
Pair Trading with Surge Energy
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 Surge Energy 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
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0.49 | BUI | Buhler Industries | PairCorr |
0.32 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Surge Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surge Energy 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 Surge Energy - 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 Surge Energy to buy it.
The correlation of Surge Energy 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy 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 Surge Energy 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.Other Information on Investing in Surge Stock
Balance Sheet is a snapshot of the financial position of Surge Energy at a specified time, usually calculated after every quarter, six months, or one year. Surge Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Surge Energy 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 Surge currently owns. An asset can also be divided into two categories, current and non-current.