Greenfire Historical Financial Ratios
GFR Stock | 6.97 0.17 2.38% |
Greenfire Resources is recently reporting on over 86 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.53 or Days Sales Outstanding of 34.23 will help investors to properly organize and evaluate Greenfire Resources financial condition quickly.
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About Greenfire Financial Ratios Analysis
Greenfire ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Greenfire Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Greenfire financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Greenfire Resources history.
Greenfire Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Greenfire Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Greenfire Resources sales, a figure that is much harder to manipulate than other Greenfire Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Greenfire Resources dividend as a percentage of Greenfire Resources stock price. Greenfire Resources dividend yield is a measure of Greenfire Resources stock productivity, which can be interpreted as interest rate earned on an Greenfire Resources investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Most ratios from Greenfire Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Greenfire Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire 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 census. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.At this time, Greenfire Resources' PTB Ratio is relatively stable compared to the past year. As of 12/04/2024, PB Ratio is likely to grow to 0.53, though Net Loss is likely to grow to (2.37).
2010 | 2023 | 2024 (projected) | Dividend Yield | 0.17 | 0.15 | 0.14 | Price To Sales Ratio | 1.96 | 0.52 | 0.49 |
Greenfire Resources fundamentals Correlations
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Greenfire Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Greenfire 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 Greenfire 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Greenfire 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 Greenfire 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 Greenfire 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 Greenfire Resources to buy it.
The correlation of Greenfire 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire 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 Greenfire 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 Greenfire Stock Analysis
When running Greenfire Resources' price analysis, check to measure Greenfire 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 Greenfire Resources is operating at the current time. Most of Greenfire Resources' value examination focuses on studying past and present price action to predict the probability of Greenfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenfire Resources' price. Additionally, you may evaluate how the addition of Greenfire Resources to your portfolios can decrease your overall portfolio volatility.