InPlay Dividend Yield vs Price To Sales Ratio Analysis
IPO Stock | CAD 1.80 0.06 3.45% |
InPlay Oil financial indicator trend analysis is infinitely more than just investigating InPlay Oil Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InPlay Oil Corp is a good investment. Please check the relationship between InPlay Oil Dividend Yield and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InPlay Oil Corp. 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.
Dividend Yield vs Price To Sales Ratio
Dividend Yield vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InPlay Oil Corp Dividend Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between InPlay Oil's Dividend Yield and Price To Sales Ratio is -0.01. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of InPlay Oil Corp, assuming nothing else is changed. The correlation between historical values of InPlay Oil's Dividend Yield and Price To Sales 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 Dividend Yield of InPlay Oil Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Dividend Yield i.e., InPlay Oil's Dividend Yield and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Dividend Yield
Dividend Yield is InPlay Oil Corp dividend as a percentage of InPlay Oil stock price. InPlay Oil Corp dividend yield is a measure of InPlay Oil stock productivity, which can be interpreted as interest rate earned on an InPlay Oil 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.Price To Sales Ratio
Price to Sales Ratio is figured by comparing InPlay Oil Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on InPlay Oil sales, a figure that is much harder to manipulate than other InPlay Oil Corp 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.Most indicators from InPlay Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InPlay Oil Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InPlay Oil Corp. 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. At this time, InPlay Oil's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.73, while Selling General Administrative is likely to drop about 8.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.6M | 4.9M | 5.4M | 5.0M | Depreciation And Amortization | 28.6M | 44.8M | 50.9M | 30.1M |
InPlay Oil fundamental ratios Correlations
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InPlay Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
InPlay Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 298.0M | 211.0M | 406.5M | 430.9M | 473.0M | 270.7M | |
Other Current Liab | 7.3M | 1.3M | 524K | 14.8M | 10.2M | 13.7M | |
Total Current Liabilities | 15.4M | 60.4M | 81.2M | 42.4M | 35.6M | 47.3M | |
Total Stockholder Equity | 157.6M | 45.7M | 189.4M | 273.1M | 294.4M | 309.1M | |
Property Plant And Equipment Net | 255.3M | 201.7M | 361.5M | 375.6M | 409.4M | 235.0M | |
Retained Earnings | (92.2M) | (204.8M) | (89.7M) | (8.5M) | 8.1M | 8.5M | |
Non Current Assets Total | 285.6M | 201.7M | 382.9M | 395.3M | 439.9M | 346.8M | |
Net Receivables | 8.8M | 6.3M | 16.9M | 22.5M | 19.1M | 12.4M | |
Liabilities And Stockholders Equity | 298.0M | 211.0M | 406.5M | 430.9M | 473.0M | 270.7M | |
Non Current Liabilities Total | 125.0M | 104.9M | 135.9M | 115.4M | 143.0M | 122.9M | |
Other Current Assets | 3.3M | 2.8M | 3.5M | 6.6M | 5.1M | 3.5M | |
Total Liab | 140.4M | 165.3M | 217.1M | 157.9M | 178.6M | 175.6M | |
Property Plant And Equipment Gross | 255.3M | 201.7M | 628.9M | 684.6M | 777.8M | 816.7M | |
Total Current Assets | 12.4M | 9.3M | 23.6M | 35.6M | 33.1M | 18.5M | |
Short Long Term Debt Total | 54.7M | 64.4M | 79.7M | 29.5M | 51.3M | 56.2M | |
Net Debt | 55.8M | 64.9M | 80.3M | 29.9M | 51.3M | 54.6M | |
Accounts Payable | 7.6M | 13.5M | 16.7M | 27.3M | 25.2M | 19.4M | |
Cash And Short Term Investments | (1.1M) | (553K) | (578K) | (320K) | (288K) | (273.6K) | |
Other Stockholder Equity | 15.4M | 16.1M | 16.6M | 18.2M | 19.5M | 18.6M | |
Short Term Debt | 462K | 39.1M | 53.2M | 320K | 304K | 288.8K | |
Other Liab | 70.8M | 79.6M | 109.4M | 86.2M | 99.1M | 65.5M | |
Net Tangible Assets | 157.6M | 45.7M | 189.4M | 273.1M | 314.0M | 329.7M | |
Other Assets | 30.3M | 0.0 | 21.4M | 19.7M | 1.0 | 0.95 | |
Inventory | 1.4M | 874K | 3.7M | 6.8M | 8.9M | 9.3M | |
Property Plant Equipment | 255.3M | 201.7M | 361.5M | 375.6M | 431.9M | 243.0M | |
Long Term Debt | 53.6M | 25.2M | 26.3M | 29.2M | 47.2M | 34.0M | |
Capital Surpluse | 15.4M | 16.1M | 16.6M | 18.2M | 21.0M | 15.3M | |
Non Currrent Assets Other | 4.5M | 306.4M | 285.6M | 12.0M | 13.8M | 13.1M | |
Long Term Debt Total | 54.2M | 25.3M | 26.5M | 29.2M | 26.3M | 29.2M | |
Net Invested Capital | 211.2M | 109.6M | 268.5M | 302.3M | 341.5M | 266.7M | |
Net Working Capital | (3.0M) | (51.0M) | (57.6M) | (6.8M) | (2.6M) | (2.7M) |
Pair Trading with InPlay Oil
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 InPlay Oil 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 InPlay Oil will appreciate offsetting losses from the drop in the long position's value.Moving against InPlay Stock
0.87 | FFH | Fairfax Financial | PairCorr |
0.81 | FFH-PC | Fairfax Fin Hld | PairCorr |
0.77 | ENS | E Split Corp | PairCorr |
0.74 | ENS-PA | E Split Corp | PairCorr |
0.71 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to InPlay Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InPlay Oil 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 InPlay Oil - 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 InPlay Oil Corp to buy it.
The correlation of InPlay Oil 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 InPlay Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InPlay Oil Corp 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 InPlay Oil 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.Other Information on Investing in InPlay Stock
Balance Sheet is a snapshot of the financial position of InPlay Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. InPlay Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of InPlay Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which InPlay currently owns. An asset can also be divided into two categories, current and non-current.