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 Direction | Negative |
Relationship Strength | Insignificant |
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 Income | 176K | 1.4M | 1.6M | 1.7M | Cost Of Revenue | 320K | 289K | 2.4M | 2.5M |
Skeena Resources fundamental ratios Correlations
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Skeena Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skeena Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.4M | 137.8M | 155.0M | 168.0M | 195.0M | 204.7M | |
Other Current Liab | 8.1M | 21.1M | 25.0M | 20.3M | 3.6M | 5.3M | |
Total Current Liabilities | 8.4M | 22.4M | 25.4M | 20.9M | 25.2M | 26.5M | |
Total Stockholder Equity | 11.6M | 109.0M | 123.5M | 137.2M | 124.5M | 130.8M | |
Property Plant And Equipment Net | 3.8M | 90.5M | 94.3M | 115.7M | 33.0M | 21.1M | |
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 Payable | 3.6M | 19.4K | 12.5K | 14.0K | 20.6M | 21.6M | |
Cash | 13.1M | 37.8M | 40.3M | 40.6M | 91.1M | 95.7M | |
Non Current Assets Total | 5.4M | 96.1M | 100.8M | 117.9M | 97.5M | 102.4M | |
Non Currrent Assets Other | 1.4M | 2.7M | 2.2M | 2.2M | 64.5M | 67.7M | |
Cash And Short Term Investments | 13.1M | 37.8M | 41.2M | 43.1M | 92.7M | 97.3M | |
Net Receivables | 2.2M | 2.8M | 7.3M | 5.7M | 3.2M | 3.4M | |
Common Stock Shares Outstanding | 27.0M | 42.3M | 59.8M | 70.3M | 84.4M | 88.6M | |
Liabilities And Stockholders Equity | 24.4M | 137.8M | 155.0M | 168.0M | 195.0M | 204.7M | |
Other Current Assets | 3.1M | 1.1M | 5.8M | 1.3M | 1.6M | 1.7M | |
Other Stockholder Equity | 13.6M | 29.1M | 40.6M | 33.8M | 38.9M | 40.8M | |
Total Liab | 12.8M | 28.9M | 31.4M | 30.8M | 70.5M | 74.0M | |
Total Current Assets | 19.0M | 41.7M | 54.2M | 50.1M | 97.5M | 102.4M | |
Accumulated Other Comprehensive Income | 13.6M | 29.1M | 40.6M | 7.3M | 49.0M | 51.5M | |
Non Current Liabilities Total | 4.4M | 6.5M | 6.0M | 9.9M | 45.2M | 47.5M | |
Short Term Debt | 307.5K | 1.3M | 494K | 545K | 1.1M | 1.1M | |
Common Stock | 99.2M | 241.3M | 362.0M | 464.0M | 552.4M | 580.0M | |
Other Assets | 1.4M | 2.7M | 2.2M | 2.2M | 2.5M | 1.6M | |
Property Plant Equipment | 3.8M | 90.5M | 94.3M | 115.7M | 133.0M | 139.7M | |
Other Liab | 3.3M | 5.2M | 5.2M | 6.9M | 7.9M | 4.0M | |
Net Tangible Assets | 11.6M | 109.0M | 123.5M | 137.2M | 157.8M | 165.7M | |
Long Term Debt Total | 1.2M | 1.3M | 818K | 3.0M | 3.5M | 3.6M | |
Cash And Equivalents | 13.1M | 37.8M | 40.3M | 40.6M | 46.7M | 49.0M | |
Net Invested Capital | 11.6M | 109.0M | 123.5M | 137.2M | 157.8M | 165.7M | |
Net Working Capital | 10.6M | 19.3M | 28.8M | 29.2M | 33.6M | 35.3M | |
Capital Stock | 99.2M | 241.3M | 362.0M | 464.0M | 533.6M | 274.6M |
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
Moving against Skeena Stock
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.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.