Premium Cash vs Retained Earnings Analysis

PIC-A Stock

CAD 6.11 0.09 1.50%

Premium Income financial indicator trend analysis is much more than just breaking down Premium Income prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premium Income is a good investment. Please check the relationship between Premium Income Cash and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premium Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premium Income Cash account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Premium Income's Cash and Retained Earnings is -0.13. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Premium Income, assuming nothing else is changed. The correlation between historical values of Premium Income's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Premium Income are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Premium Income's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Premium Income, which is listed under current asset account on Premium Income balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Premium Income customers. The amounts must be unrestricted with restricted cash listed in a different Premium Income account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Premium Income's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premium Income 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 Premium Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to gain to about 3.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 17.5 M in 2024.

Premium Income fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Net Tangible Assets	Inventory	Other Current Assets	Short Long Term Debt	Short Term Debt	Current Deferred Revenue	Long Term Investments
Total Assets		0.87	-0.42	0.89	-0.26	1.0	-0.59	0.86	0.07	0.35	0.12	0.84	0.59	0.05	-0.24	0.24	0.71	0.36	-0.16	0.36	-0.32	0.18	-0.31	-0.16	0.11	0.11
Total Stockholder Equity	0.87		-0.59	0.68	-0.44	0.88	-0.41	0.62	0.14	-0.12	0.09	0.61	0.87	0.05	-0.57	-0.14	0.81	0.0	-0.56	0.63	-0.32	0.02	-0.59	-0.57	0.22	-0.05
Net Debt	-0.42	-0.59		-0.25	0.5	-0.41	0.32	-0.43	-0.55	0.41	0.26	-0.51	-0.73	-0.13	0.49	0.49	-0.48	0.2	0.74	-0.4	-0.13	0.31	0.66	0.73	0.16	0.38
Retained Earnings	0.89	0.68	-0.25		-0.13	0.87	-0.56	0.89	-0.03	0.48	-0.01	0.87	0.31	0.06	-0.01	0.48	0.51	0.35	-0.03	0.04	0.03	0.0	-0.03	-0.02	-0.08	-0.02
Cash	-0.26	-0.44	0.5	-0.13		-0.27	0.01	0.0	-0.58	0.33	-0.07	-0.07	-0.57	-0.02	0.27	0.39	-0.49	-0.07	0.52	-0.27	-0.03	0.27	0.57	0.53	-0.3	0.4
Non Current Assets Total	1.0	0.88	-0.41	0.87	-0.27		-0.57	0.84	0.06	0.34	0.14	0.82	0.6	0.04	-0.25	0.23	0.72	0.36	-0.16	0.38	-0.35	0.19	-0.33	-0.17	0.14	0.12
Non Currrent Assets Other	-0.59	-0.41	0.32	-0.56	0.01	-0.57		-0.66	-0.21	-0.35	0.14	-0.67	-0.18	0.28	-0.24	-0.41	-0.24	-0.2	-0.04	-0.15	0.04	-0.15	-0.1	-0.04	0.18	-0.17
Cash And Short Term Investments	0.86	0.62	-0.43	0.89	0.0	0.84	-0.66		0.05	0.48	-0.2	0.99	0.37	0.14	-0.07	0.41	0.51	0.3	-0.01	0.1	0.05	-0.01	-0.12	-0.01	-0.22	-0.04
Net Receivables	0.07	0.14	-0.55	-0.03	-0.58	0.06	-0.21	0.05		-0.18	0.06	0.17	0.22	-0.08	-0.14	-0.11	0.23	0.02	-0.28	0.09	0.18	-0.26	-0.21	-0.28	0.13	-0.3
Common Stock Shares Outstanding	0.35	-0.12	0.41	0.48	0.33	0.34	-0.35	0.48	-0.18		0.23	0.45	-0.42	0.11	0.51	0.84	-0.16	0.76	0.83	-0.37	-0.12	0.47	0.61	0.83	-0.22	0.45
Short Term Investments	0.12	0.09	0.26	-0.01	-0.07	0.14	0.14	-0.2	0.06	0.23		-0.21	-0.06	0.18	-0.12	0.07	0.11	0.27	0.15	0.0	-0.56	0.4	0.06	0.15	0.45	0.37
Total Current Assets	0.84	0.61	-0.51	0.87	-0.07	0.82	-0.67	0.99	0.17	0.45	-0.21		0.38	0.15	-0.06	0.38	0.47	0.3	-0.05	0.11	0.09	-0.03	-0.12	-0.05	-0.27	-0.07
Common Stock	0.59	0.87	-0.73	0.31	-0.57	0.6	-0.18	0.37	0.22	-0.42	-0.06	0.38		0.21	-0.72	-0.54	0.72	-0.18	-0.73	0.75	-0.27	-0.06	-0.81	-0.74	0.13	-0.18
Other Current Liab	0.05	0.05	-0.13	0.06	-0.02	0.04	0.28	0.14	-0.08	0.11	0.18	0.15	0.21		-0.23	-0.21	-0.02	0.13	-0.04	0.11	0.01	0.06	-0.21	-0.03	-0.35	-0.06
Total Current Liabilities	-0.24	-0.57	0.49	-0.01	0.27	-0.25	-0.24	-0.07	-0.14	0.51	-0.12	-0.06	-0.72	-0.23		0.58	-0.58	0.52	0.69	-0.51	0.14	0.25	0.71	0.7	-0.29	0.29
Non Current Liabilities Total	0.24	-0.14	0.49	0.48	0.39	0.23	-0.41	0.41	-0.11	0.84	0.07	0.38	-0.54	-0.21	0.58		-0.18	0.53	0.74	-0.39	0.1	0.23	0.76	0.74	-0.11	0.31
Other Stockholder Equity	0.71	0.81	-0.48	0.51	-0.49	0.72	-0.24	0.51	0.23	-0.16	0.11	0.47	0.72	-0.02	-0.58	-0.18		-0.04	-0.52	0.34	-0.18	-0.31	-0.74	-0.53	0.6	-0.4
Total Liab	0.36	0.0	0.2	0.35	-0.07	0.36	-0.2	0.3	0.02	0.76	0.27	0.3	-0.18	0.13	0.52	0.53	-0.04		0.64	-0.12	-0.37	0.56	0.33	0.64	-0.03	0.47
Short Long Term Debt Total	-0.16	-0.56	0.74	-0.03	0.52	-0.16	-0.04	-0.01	-0.28	0.83	0.15	-0.05	-0.73	-0.04	0.69	0.74	-0.52	0.64		-0.46	-0.13	0.52	0.79	1.0	-0.17	0.54
Net Tangible Assets	0.36	0.63	-0.4	0.04	-0.27	0.38	-0.15	0.1	0.09	-0.37	0.0	0.11	0.75	0.11	-0.51	-0.39	0.34	-0.12	-0.46		-0.56	0.36	-0.48	-0.46	0.08	0.3
Inventory	-0.32	-0.32	-0.13	0.03	-0.03	-0.35	0.04	0.05	0.18	-0.12	-0.56	0.09	-0.27	0.01	0.14	0.1	-0.18	-0.37	-0.13	-0.56		-0.79	0.16	-0.13	-0.37	-0.74
Other Current Assets	0.18	0.02	0.31	0.0	0.27	0.19	-0.15	-0.01	-0.26	0.47	0.4	-0.03	-0.06	0.06	0.25	0.23	-0.31	0.56	0.52	0.36	-0.79		0.36	0.52	-0.16	0.97
Short Long Term Debt	-0.31	-0.59	0.66	-0.03	0.57	-0.33	-0.1	-0.12	-0.21	0.61	0.06	-0.12	-0.81	-0.21	0.71	0.76	-0.74	0.33	0.79	-0.48	0.16	0.36		0.8	-0.38	0.48
Short Term Debt	-0.16	-0.57	0.73	-0.02	0.53	-0.17	-0.04	-0.01	-0.28	0.83	0.15	-0.05	-0.74	-0.03	0.7	0.74	-0.53	0.64	1.0	-0.46	-0.13	0.52	0.8		-0.19	0.55
Current Deferred Revenue	0.11	0.22	0.16	-0.08	-0.3	0.14	0.18	-0.22	0.13	-0.22	0.45	-0.27	0.13	-0.35	-0.29	-0.11	0.6	-0.03	-0.17	0.08	-0.37	-0.16	-0.38	-0.19		-0.18
Long Term Investments	0.11	-0.05	0.38	-0.02	0.4	0.12	-0.17	-0.04	-0.3	0.45	0.37	-0.07	-0.18	-0.06	0.29	0.31	-0.4	0.47	0.54	0.3	-0.74	0.97	0.48	0.55	-0.18

Click cells to compare fundamentals

Premium Income Account Relationship Matchups

Premium Income fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	215.5M	303.4M	256.8M	237.2M	213.4M	206.1M
Total Stockholder Equity	12.8M	99.4M	56.7M	7.1M	6.4M	6.1M
Net Debt	199.8M	194.4M	197.3M	226.2M	260.1M	132.3M
Cash	1.8M	3.4M	2.6M	3.5M	4.0M	4.2M
Non Current Assets Total	211.9M	298.8M	252.9M	228.9M	206.0M	197.9M
Non Currrent Assets Other	(211.9M)	(298.8M)	3.1M	(228.9M)	(263.2M)	(276.4M)
Cash And Short Term Investments	1.8M	3.4M	2.6M	6.7M	6.1M	4.7M
Net Receivables	1.7M	1.2M	1.4M	1.5M	1.4M	1.3M
Common Stock Shares Outstanding	13.4M	13.4M	13.2M	14.0M	16.1M	12.9M
Short Term Investments	211.9M	298.8M	252.9M	3.3M	3.8M	3.6M
Liabilities And Stockholders Equity	215.5M	303.4M	256.8M	237.2M	213.4M	206.1M
Total Current Assets	3.6M	4.6M	3.9M	8.3M	7.4M	8.1M
Common Stock	12.8M	99.4M	56.7M	7.1M	6.4M	6.1M
Other Current Liab	1.1M	6.2M	314.3K	364.0K	327.6K	344.0K
Total Current Liabilities	202.7M	6.2M	314.3K	230.0M	264.5M	277.8M
Total Liab	202.7M	204.0M	200.1M	230.0M	264.5M	164.5M
Net Tangible Assets	76.6M	12.8M	99.4M	56.7M	51.0M	53.3M
Inventory	(211.9M)	(298.8M)	(252.9M)	(228.9M)	(206.0M)	(216.3M)
Other Current Assets	211.9M	298.8M	252.9M	228.9M	263.2M	259.0M
Long Term Investments	211.9M	298.8M	249.8M	228.9M	263.2M	266.3M

Pair Trading with Premium Income

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 Premium Income 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 Premium Income will appreciate offsetting losses from the drop in the long position's value.

Moving against Premium Stock

0.7	AEMC	Alaska Energy Metals	Pair Corr
0.61	EOG	Eco Atlantic Oil	Pair Corr

The ability to find closely correlated positions to Premium Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Income 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 Premium Income - 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 Premium Income to buy it.

The correlation of Premium Income 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 Premium Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Income 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 Premium Income 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.

Pair Correlation Correlation Matching

Additional Tools for Premium Stock Analysis

When running Premium Income's price analysis, check to measure Premium Income's 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 Premium Income is operating at the current time. Most of Premium Income's value examination focuses on studying past and present price action to predict the probability of Premium Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Income's price. Additionally, you may evaluate how the addition of Premium Income to your portfolios can decrease your overall portfolio volatility.

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