Penn Property Plant Equipment vs Long Term Investments Analysis
PENN Stock | USD 20.22 0.20 1.00% |
Penn National financial indicator trend analysis is much more than just breaking down Penn National Gaming prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penn National Gaming is a good investment. Please check the relationship between Penn National Property Plant Equipment and its Long Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. 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.
Property Plant Equipment vs Long Term Investments
Property Plant Equipment vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penn National Gaming Property Plant Equipment account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Penn National's Property Plant Equipment and Long Term Investments is -0.18. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Penn National Gaming, assuming nothing else is changed. The correlation between historical values of Penn National's Property Plant Equipment and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Penn National Gaming are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Property Plant Equipment i.e., Penn National's Property Plant Equipment and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Property Plant Equipment
Long Term Investments
Long Term Investments is an item on the asset side of Penn National balance sheet that represents investments Penn National Gaming intends to hold for over a year. Penn National Gaming long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Penn National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penn National Gaming 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. 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, Penn National's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 37.85, while Tax Provision is likely to drop (8.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 2.8B | 1.9B | 1.0B | Total Revenue | 5.9B | 6.4B | 6.4B | 6.7B |
Penn National fundamental ratios Correlations
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Penn National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Penn National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.2B | 14.7B | 16.9B | 17.5B | 16.1B | 16.9B | |
Short Long Term Debt Total | 11.3B | 11.2B | 11.6B | 12.9B | 11.5B | 12.1B | |
Other Current Liab | 147.1M | 500.1M | 694.9M | 694.5M | 1.0B | 1.1B | |
Total Current Liabilities | 905.6M | 860M | 1.1B | 1.2B | 1.5B | 1.6B | |
Total Stockholder Equity | 1.9B | 2.7B | 4.1B | 3.6B | 3.2B | 3.4B | |
Property Plant And Equipment Net | 10.0B | 9.3B | 9.4B | 10.6B | 9.8B | 10.3B | |
Net Debt | 10.9B | 9.3B | 9.7B | 11.3B | 10.5B | 11.0B | |
Retained Earnings | 161.6M | (507.3M) | (86.5M) | 154.5M | (335.5M) | (318.7M) | |
Accounts Payable | 40.3M | 33.2M | 53.3M | 40.1M | 36.6M | 28.9M | |
Cash | 437.4M | 1.9B | 1.9B | 1.6B | 1.1B | 1.1B | |
Non Current Assets Total | 13.6B | 12.6B | 14.6B | 15.5B | 14.4B | 15.1B | |
Non Currrent Assets Other | (75.9M) | 171.6M | 74M | 159M | 69.7M | 130.9M | |
Cash And Short Term Investments | 437.4M | 1.9B | 1.9B | 1.6B | 1.1B | 1.1B | |
Net Receivables | 88.7M | 96.4M | 195M | 246.4M | 319M | 335.0M | |
Common Stock Shares Outstanding | 117.8M | 134M | 175.5M | 176.6M | 152.1M | 97.6M | |
Liabilities And Stockholders Equity | 14.2B | 14.7B | 16.9B | 17.5B | 16.1B | 16.9B | |
Non Current Liabilities Total | 11.4B | 11.2B | 11.6B | 12.7B | 11.4B | 11.9B | |
Other Current Assets | 40M | 134.8M | 164.7M | 143M | 268.2M | 281.6M | |
Other Stockholder Equity | 1.7B | 3.1B | 4.2B | 3.6B | 3.7B | 3.8B | |
Total Liab | 12.3B | 12.0B | 12.8B | 13.9B | 12.9B | 13.5B | |
Property Plant And Equipment Gross | 10.0B | 9.3B | 4.6B | 14.0B | 12.3B | 12.9B | |
Total Current Assets | 642.8M | 2.1B | 2.2B | 2.0B | 1.7B | 1.7B | |
Short Term Debt | 234M | 251.7M | 281.4M | 313.9M | 431.5M | 453.1M | |
Intangible Assets | 2.0B | 1.5B | 1.9B | 1.7B | 1.6B | 1.7B | |
Common Stock Total Equity | 1.2M | 1.2M | 1.6M | 1.7M | 2.0M | 2.1M | |
Common Stock | 1.2M | 1.2M | 1.6M | 1.7M | 1.8M | 971.5K | |
Other Assets | 106.4M | 133M | 157M | 161.2M | 185.4M | 218.9M | |
Long Term Debt | 2.3B | 2.2B | 2.6B | 2.7B | 2.7B | 2.0B | |
Good Will | 1.3B | 1.2B | 2.8B | 2.7B | 2.7B | 1.4B | |
Property Plant Equipment | 5.1B | 4.5B | 9.4B | 4.5B | 5.2B | 2.8B | |
Current Deferred Revenue | 484.2M | 437.7M | 597.5M | 33.9M | 639.7M | 671.7M | |
Other Liab | 342.6M | 245.7M | 318.1M | 151.8M | 174.6M | 129.1M | |
Net Tangible Assets | (1.4B) | (37.5M) | 320.5M | 888.8M | 799.9M | 839.9M | |
Noncontrolling Interest In Consolidated Entity | (800K) | (400K) | (700K) | (1.1M) | (990K) | (940.5K) | |
Retained Earnings Total Equity | 161.6M | (507.3M) | (86.5M) | 154.5M | 139.1M | 146.0M | |
Long Term Debt Total | 2.3B | 2.2B | 2.6B | 2.7B | 3.1B | 2.7B | |
Capital Surpluse | 1.7B | 3.2B | 4.2B | 4.2B | 4.9B | 5.1B | |
Inventory | 76.7M | 103.5M | 132.3M | 106.1M | 225.6M | 113.9M |
Pair Trading with Penn National
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 Penn National 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 Penn National will appreciate offsetting losses from the drop in the long position's value.Moving together with Penn Stock
Moving against Penn Stock
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The ability to find closely correlated positions to Penn National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penn National 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 Penn National - 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 Penn National Gaming to buy it.
The correlation of Penn National 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 Penn National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penn National Gaming 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 Penn National 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. 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. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penn National. If investors know Penn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penn National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.089 | Earnings Share (3.52) | Revenue Per Share 41.491 | Quarterly Revenue Growth 0.012 | Return On Assets (0.0008) |
The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penn National's market value can be influenced by many factors that don't directly affect Penn National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Penn National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penn National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.