Precision Operating Cash Flow Sales Ratio from 2010 to 2026
| PD Stock | CAD 122.26 3.39 2.85% |
Operating Cash Flow Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.22356083 | Current Value 0.18 | Quarterly Volatility 0.0745426 |
Check Precision Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 241.4 M, Interest Expense of 54.3 M or Selling General Administrative of 113.7 M, as well as many indicators such as Price To Sales Ratio of 0.68, Dividend Yield of 0.032 or PTB Ratio of 0.79. Precision financial statements analysis is a perfect complement when working with Precision Drilling Valuation or Volatility modules.
Precision | Operating Cash Flow Sales Ratio |
Evaluating Precision Drilling's Operating Cash Flow Sales Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Precision Drilling's fundamental strength.
Latest Precision Drilling's Operating Cash Flow Sales Ratio Growth Pattern
Below is the plot of the Operating Cash Flow Sales Ratio of Precision Drilling over the last few years. It is Precision Drilling's Operating Cash Flow Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precision Drilling's overall financial position and show how it may be relating to other accounts over time.
| Operating Cash Flow Sales Ratio | 10 Years Trend |
|
Operating Cash Flow Sales Ratio |
| Timeline |
Precision Operating Cash Flow Sales Ratio Regression Statistics
| Arithmetic Mean | 0.21 | |
| Geometric Mean | 0.19 | |
| Coefficient Of Variation | 35.80 | |
| Mean Deviation | 0.06 | |
| Median | 0.21 | |
| Standard Deviation | 0.07 | |
| Sample Variance | 0.01 | |
| Range | 0.249 | |
| R-Value | (0.08) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.01 | |
| Significance | 0.75 | |
| Slope | (0) | |
| Total Sum of Squares | 0.09 |
Precision Operating Cash Flow Sales Ratio History
About Precision Drilling Financial Statements
Precision Drilling investors utilize fundamental indicators, such as Operating Cash Flow Sales Ratio, to predict how Precision Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Cash Flow Sales Ratio | 0.22 | 0.18 |
Pair Trading with Precision Drilling
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 Precision Drilling 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 Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Precision Stock
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.8 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.89 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Precision Stock
| 0.86 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.86 | MSFT | Microsoft CDR | PairCorr |
| 0.84 | SAGE | Sage Potash Corp Earnings Call This Week | PairCorr |
| 0.7 | ENS-PA | E Split Corp | PairCorr |
| 0.53 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling 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 Precision Drilling - 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 Precision Drilling to buy it.
The correlation of Precision Drilling 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 Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling 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 Precision Drilling 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 the analysis of Precision Drilling Correlation against competitors. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.