Skeena Free Cash Flow Per Share vs Pb Ratio Analysis

SKE Stock  CAD 13.25  0.01  0.08%   
Skeena Resources financial indicator trend analysis is much more than just breaking down Skeena Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skeena Resources is a good investment. Please check the relationship between Skeena Resources Free Cash Flow Per Share and its Pb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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.
To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.

Free Cash Flow Per Share vs Pb Ratio

Free Cash Flow Per Share vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skeena Resources Free Cash Flow Per Share account and Pb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Skeena Resources' Free Cash Flow Per Share and Pb Ratio is -0.04. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Skeena Resources, assuming nothing else is changed. The correlation between historical values of Skeena Resources' Free Cash Flow Per Share 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 Per Share of Skeena Resources 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 Per Share i.e., Skeena Resources' Free Cash Flow Per Share and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Pb Ratio

Most indicators from Skeena Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skeena 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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.
To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.As of the 11th of December 2024, Enterprise Value is likely to grow to about 509.6 M, while Selling General Administrative is likely to drop about 4 M.
 2021 2022 2023 2024 (projected)
Interest Income176K1.4M1.6M1.7M
Cost Of Revenue320K289K2.4M2.5M

Skeena Resources fundamental ratios Correlations

0.660.980.990.71-0.99-0.960.670.940.980.710.940.780.980.840.570.910.940.960.80.730.41-0.960.980.810.99
0.660.750.750.94-0.59-0.5-0.070.40.77-0.040.40.840.590.470.730.660.390.460.1-0.020.17-0.620.550.740.61
0.980.750.970.74-0.98-0.920.60.910.960.630.910.810.950.760.680.910.90.930.730.650.41-0.950.940.840.96
0.990.750.970.81-0.95-0.930.540.881.00.590.880.830.950.840.590.910.870.90.70.620.38-0.950.950.830.98
0.710.940.740.81-0.62-0.57-0.050.430.840.010.440.820.630.610.540.670.420.490.150.040.2-0.670.610.750.69
-0.99-0.59-0.98-0.95-0.620.97-0.74-0.97-0.93-0.77-0.97-0.72-0.97-0.8-0.58-0.9-0.97-0.98-0.85-0.79-0.440.96-0.98-0.79-0.98
-0.96-0.5-0.92-0.93-0.570.97-0.78-0.96-0.9-0.8-0.96-0.73-0.99-0.9-0.52-0.87-0.96-0.97-0.88-0.82-0.350.9-1.0-0.72-0.96
0.67-0.070.60.54-0.05-0.74-0.780.880.490.990.870.230.730.560.20.570.880.840.980.990.36-0.660.750.380.68
0.940.40.910.880.43-0.97-0.960.880.840.91.00.590.950.780.460.841.01.00.950.910.45-0.920.960.690.94
0.980.770.961.00.84-0.93-0.90.490.840.550.850.830.930.820.560.890.840.870.650.570.37-0.940.930.830.97
0.71-0.040.630.590.01-0.77-0.80.990.90.550.890.260.750.60.180.610.90.860.991.00.37-0.70.780.40.73
0.940.40.910.880.44-0.97-0.960.871.00.850.890.590.950.790.460.851.01.00.950.90.44-0.920.960.690.94
0.780.840.810.830.82-0.72-0.730.230.590.830.260.590.80.680.790.780.60.660.380.270.07-0.680.750.680.74
0.980.590.950.950.63-0.97-0.990.730.950.930.750.950.80.860.590.90.950.970.840.770.32-0.920.990.770.96
0.840.470.760.840.61-0.8-0.90.560.780.820.60.790.680.860.380.740.770.80.690.620.23-0.710.90.570.86
0.570.730.680.590.54-0.58-0.520.20.460.560.180.460.790.590.380.640.470.530.260.180.07-0.470.530.570.49
0.910.660.910.910.67-0.9-0.870.570.840.890.610.850.780.90.740.640.840.870.690.620.27-0.850.890.750.9
0.940.390.90.870.42-0.97-0.960.881.00.840.91.00.60.950.770.470.841.00.950.910.42-0.920.960.690.94
0.960.460.930.90.49-0.98-0.970.841.00.870.861.00.660.970.80.530.871.00.920.870.42-0.930.980.710.95
0.80.10.730.70.15-0.85-0.880.980.950.650.990.950.380.840.690.260.690.950.920.990.38-0.780.860.490.81
0.73-0.020.650.620.04-0.79-0.820.990.910.571.00.90.270.770.620.180.620.910.870.990.39-0.720.80.420.75
0.410.170.410.380.2-0.44-0.350.360.450.370.370.440.070.320.230.070.270.420.420.380.39-0.530.360.260.4
-0.96-0.62-0.95-0.95-0.670.960.9-0.66-0.92-0.94-0.7-0.92-0.68-0.92-0.71-0.47-0.85-0.92-0.93-0.78-0.72-0.53-0.92-0.82-0.95
0.980.550.940.950.61-0.98-1.00.750.960.930.780.960.750.990.90.530.890.960.980.860.80.36-0.920.740.98
0.810.740.840.830.75-0.79-0.720.380.690.830.40.690.680.770.570.570.750.690.710.490.420.26-0.820.740.78
0.990.610.960.980.69-0.98-0.960.680.940.970.730.940.740.960.860.490.90.940.950.810.750.4-0.950.980.78
Click cells to compare fundamentals

Skeena Resources Account Relationship Matchups

Skeena Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.4M137.8M155.0M168.0M195.0M204.7M
Other Current Liab8.1M21.1M25.0M20.3M3.6M5.3M
Total Current Liabilities8.4M22.4M25.4M20.9M25.2M26.5M
Total Stockholder Equity11.6M109.0M123.5M137.2M124.5M130.8M
Property Plant And Equipment Net3.8M90.5M94.3M115.7M33.0M21.1M
Net Debt(11.7M)(35.2M)(39.0M)(37.0M)(58.8M)(55.8M)
Retained Earnings(101.2M)(161.5M)(279.0M)(367.9M)(476.9M)(453.1M)
Accounts Payable3.6M19.4K12.5K14.0K20.6M21.6M
Cash13.1M37.8M40.3M40.6M91.1M95.7M
Non Current Assets Total5.4M96.1M100.8M117.9M97.5M102.4M
Non Currrent Assets Other1.4M2.7M2.2M2.2M64.5M67.7M
Cash And Short Term Investments13.1M37.8M41.2M43.1M92.7M97.3M
Net Receivables2.2M2.8M7.3M5.7M3.2M3.4M
Common Stock Shares Outstanding27.0M42.3M59.8M70.3M84.4M88.6M
Liabilities And Stockholders Equity24.4M137.8M155.0M168.0M195.0M204.7M
Other Current Assets3.1M1.1M5.8M1.3M1.6M1.7M
Other Stockholder Equity13.6M29.1M40.6M33.8M38.9M40.8M
Total Liab12.8M28.9M31.4M30.8M70.5M74.0M
Total Current Assets19.0M41.7M54.2M50.1M97.5M102.4M
Accumulated Other Comprehensive Income13.6M29.1M40.6M7.3M49.0M51.5M
Non Current Liabilities Total4.4M6.5M6.0M9.9M45.2M47.5M
Short Term Debt307.5K1.3M494K545K1.1M1.1M
Common Stock99.2M241.3M362.0M464.0M552.4M580.0M
Other Assets1.4M2.7M2.2M2.2M2.5M1.6M
Property Plant Equipment3.8M90.5M94.3M115.7M133.0M139.7M
Other Liab3.3M5.2M5.2M6.9M7.9M4.0M
Net Tangible Assets11.6M109.0M123.5M137.2M157.8M165.7M
Long Term Debt Total1.2M1.3M818K3.0M3.5M3.6M
Cash And Equivalents13.1M37.8M40.3M40.6M46.7M49.0M
Net Invested Capital11.6M109.0M123.5M137.2M157.8M165.7M
Net Working Capital10.6M19.3M28.8M29.2M33.6M35.3M
Capital Stock99.2M241.3M362.0M464.0M533.6M274.6M

Pair Trading with Skeena 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 Skeena 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 Skeena Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Skeena Stock

  0.76AG First Majestic SilverPairCorr

Moving against Skeena Stock

  0.34INFM Infinico Metals CorpPairCorr
  0.34HPQ HPQ Silicon ResourcesPairCorr
The ability to find closely correlated positions to Skeena 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 Skeena 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 Skeena 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 Skeena Resources to buy it.
The correlation of Skeena 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 Skeena Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skeena 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 Skeena 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 CorrelationCorrelation Matching
When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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.
To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.