Pardee Financial Statements From 2010 to 2024
| PDER Stock | USD 308.00 1.01 0.33% |
Check Pardee Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Pardee Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Pardee financial statements analysis is a perfect complement when working with Pardee Resources Valuation or Volatility modules.
Pardee |
Pardee Resources Co Company Return On Equity Analysis
Pardee Resources' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Pardee Resources Return On Equity | 0.14 |
Most of Pardee Resources' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pardee Resources Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Pardee Resources Co has a Return On Equity of 0.1406. This is 107.1% lower than that of the Energy sector and 100.81% lower than that of the Oil & Gas Equipment & Services industry. The return on equity for all United States stocks is 145.35% lower than that of the firm.
Pardee Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Pardee Resources's current stock value. Our valuation model uses many indicators to compare Pardee Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Pardee Resources competition to find correlations between indicators driving Pardee Resources's intrinsic value. More Info.Pardee Resources Co is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.75 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Pardee Resources Co is roughly 1.34 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pardee Resources' earnings, one of the primary drivers of an investment's value.About Pardee Resources Financial Statements
Pardee Resources shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Pardee Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Pardee Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Pardee Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pardee Resources Company, Inc., through its subsidiaries, owns, acquires, develops, and manages natural resource properties. Pardee Resources Company, Inc. was founded in 1840 and is headquartered in Philadelphia, Pennsylvania. Pardee Resources operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange.
Pair Trading with Pardee 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 Pardee 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 Pardee Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Pardee Pink Sheet
Moving against Pardee Pink Sheet
| 0.59 | NOV | NOV Inc | PairCorr |
| 0.43 | CHOLF | China Oilfield Services | PairCorr |
| 0.34 | HAL | Halliburton Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | MRLWF | Marlowe plc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Pardee 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 Pardee 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 Pardee 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 Pardee Resources Co to buy it.
The correlation of Pardee 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 Pardee Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pardee 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 Pardee 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.Additional Tools for Pardee Pink Sheet Analysis
When running Pardee Resources' price analysis, check to measure Pardee Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pardee Resources is operating at the current time. Most of Pardee Resources' value examination focuses on studying past and present price action to predict the probability of Pardee Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pardee Resources' price. Additionally, you may evaluate how the addition of Pardee Resources to your portfolios can decrease your overall portfolio volatility.