Peyto Common Stock Total Equity vs Common Stock Shares Outstanding Analysis
| PEY Stock | CAD 17.16 0.08 0.47% |
Peyto ExplorationDevel financial indicator trend analysis is much more than just breaking down Peyto ExplorationDevel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Peyto ExplorationDevel is a good investment. Please check the relationship between Peyto ExplorationDevel Common Stock Total Equity and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Peyto ExplorationDevelopment 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.
Common Stock Total Equity vs Common Stock Shares Outstanding
Common Stock Total Equity vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Peyto ExplorationDevel Common Stock Total Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Peyto ExplorationDevel's Common Stock Total Equity and Common Stock Shares Outstanding is 0.61. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Peyto ExplorationDevelopment Corp, assuming nothing else is changed. The correlation between historical values of Peyto ExplorationDevel's Common Stock Total Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Peyto ExplorationDevelopment Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Common Stock Total Equity i.e., Peyto ExplorationDevel's Common Stock Total Equity and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Peyto ExplorationDevel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Peyto ExplorationDevel 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 Peyto ExplorationDevelopment 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. As of the 23rd of November 2024, Issuance Of Capital Stock is likely to grow to about 202.1 M, while Selling General Administrative is likely to drop about 27.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 575.6M | 1.1B | 414.9M | 331.1M | Total Revenue | 912.0M | 1.6B | 935.8M | 522.9M |
Peyto ExplorationDevel fundamental ratios Correlations
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Peyto ExplorationDevel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Peyto ExplorationDevel fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.6B | 3.6B | 3.8B | 4.0B | 5.5B | 5.8B | |
| Total Current Liabilities | 113.4M | 95.1M | 239.6M | 471.9M | 279.9M | 164.8M | |
| Total Stockholder Equity | 1.7B | 1.7B | 1.8B | 2.1B | 2.7B | 2.9B | |
| Net Debt | 1.1B | 1.2B | 1.1B | 852.6M | 1.4B | 1.4B | |
| Retained Earnings | 63.1M | 12.7M | 143.2M | 431.4M | 485.1M | 509.3M | |
| Accounts Payable | 103.6M | 87.3M | 169.0M | 215.6M | 171.8M | 123.3M | |
| Cash | 6.2M | 9.3M | 5.7M | 11.9M | 37.2M | 39.0M | |
| Cash And Short Term Investments | 6.2M | 9.3M | 5.7M | 11.9M | 37.2M | 39.0M | |
| Liabilities And Stockholders Equity | 3.6B | 3.6B | 3.8B | 4.0B | 5.5B | 5.8B | |
| Non Current Liabilities Total | 1.8B | 1.8B | 1.8B | 1.5B | 2.5B | 2.6B | |
| Other Stockholder Equity | 4.5M | 10.5M | 13.1M | 16.3M | 25.0M | 23.8M | |
| Total Liab | 1.9B | 1.9B | 2.0B | 2.0B | 2.8B | 2.9B | |
| Total Current Assets | 80.3M | 82.7M | 144.4M | 218.6M | 490.9M | 515.5M | |
| Short Long Term Debt Total | 1.1B | 1.2B | 1.1B | 864.5M | 1.4B | 1.5B | |
| Property Plant And Equipment Net | 3.5B | 3.5B | 3.6B | 3.8B | 4.9B | 5.1B | |
| Non Current Assets Total | 3.5B | 3.5B | 3.6B | 3.8B | 5.0B | 5.3B | |
| Net Receivables | 61.3M | 56.4M | 118.9M | 188.0M | 161.7M | 169.8M | |
| Other Current Assets | 12.7M | 16.9M | 19.7M | 18.6M | 292.0M | 306.6M | |
| Property Plant And Equipment Gross | 3.5B | 3.5B | 6.5B | 7.0B | 8.4B | 8.8B | |
| Accumulated Other Comprehensive Income | (3.0M) | 4.6M | (54.8M) | (83.9M) | 284.5M | 298.8M | |
| Other Current Liab | 5.5M | 5.0M | 61.1M | 155.0M | 4.6M | 4.4M | |
| Short Term Debt | 981K | 1.1M | 1.1M | 101.3M | 59.2M | 56.2M | |
| Non Currrent Assets Other | (3.5B) | 6.5M | (3.6B) | 15.0M | 13.5M | 14.2M | |
| Common Stock | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 1.7B | |
| Other Liab | 642.1M | 652.0M | 707.4M | 715.7M | 823.1M | 648.6M | |
| Net Tangible Assets | 1.7B | 1.7B | 1.8B | 2.1B | 2.4B | 1.8B | |
| Long Term Debt | 1.1B | 1.2B | 1.1B | 759.2M | 1.3B | 1.2B | |
| Short Long Term Debt | 1.3B | 119.3M | 5.5M | 100M | 57.9M | 55.0M | |
| Property Plant Equipment | 3.5B | 3.5B | 3.6B | 3.8B | 4.3B | 3.7B | |
| Other Assets | 13.0M | 0.0 | 6.5M | 15.0M | 13.5M | 7.1M | |
| Long Term Debt Total | 1.1B | 1.2B | 1.1B | 763.3M | 686.9M | 862.1M | |
| Net Invested Capital | 2.8B | 2.8B | 2.8B | 2.9B | 4.1B | 3.4B | |
| Net Working Capital | (33.2M) | (12.4M) | (95.3M) | (253.3M) | 211.0M | 221.6M | |
| Capital Stock | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 1.9B |
Pair Trading with Peyto ExplorationDevel
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 Peyto ExplorationDevel 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 Peyto ExplorationDevel will appreciate offsetting losses from the drop in the long position's value.Moving together with Peyto Stock
| 0.82 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.71 | ENS | E Split Corp | PairCorr |
| 0.79 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Peyto ExplorationDevel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peyto ExplorationDevel 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 Peyto ExplorationDevel - 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 Peyto ExplorationDevelopment Corp to buy it.
The correlation of Peyto ExplorationDevel 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 Peyto ExplorationDevel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peyto ExplorationDevel 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 Peyto ExplorationDevel 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 Peyto Stock
Balance Sheet is a snapshot of the financial position of Peyto ExplorationDevel at a specified time, usually calculated after every quarter, six months, or one year. Peyto ExplorationDevel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Peyto ExplorationDevel 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 Peyto currently owns. An asset can also be divided into two categories, current and non-current.