Primaris Common Stock Shares Outstanding vs Property Plant And Equipment Net Analysis
| PMZ-UN Stock | 15.89 0.10 0.63% |
Primaris Retail financial indicator trend analysis is much more than just breaking down Primaris Retail RE prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primaris Retail RE is a good investment. Please check the relationship between Primaris Retail Common Stock Shares Outstanding and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primaris Retail RE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Common Stock Shares Outstanding vs Property Plant And Equipment Net
Common Stock Shares Outstanding vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primaris Retail RE Common Stock Shares Outstanding account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between Primaris Retail's Common Stock Shares Outstanding and Property Plant And Equipment Net is 0.32. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Primaris Retail RE, assuming nothing else is changed. The correlation between historical values of Primaris Retail's Common Stock Shares Outstanding and Property Plant And Equipment Net 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 Shares Outstanding of Primaris Retail RE are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Common Stock Shares Outstanding i.e., Primaris Retail's Common Stock Shares Outstanding and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Primaris Retail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primaris Retail RE 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 Primaris Retail RE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Primaris Retail's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 15.87, whereas Selling General Administrative is forecasted to decline to about 16.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 141.6M | 211.8M | 233.6M | 179.9M | Total Revenue | 254.0M | 380.1M | 411.0M | 291.5M |
Primaris Retail fundamental ratios Correlations
Click cells to compare fundamentals
Primaris Retail Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Primaris Retail fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.7B | 2.1B | 3.2B | 3.2B | 3.9B | 2.5B | |
| Short Long Term Debt Total | 804.3M | 301.4M | 558.4M | 1.0B | 1.5B | 927.7M | |
| Other Current Liab | 284.4M | (308.5M) | 3.9M | 34.0M | 59.5M | 37.4M | |
| Total Current Liabilities | 482.6M | 812.6M | 586.1M | 556.8M | 315.5M | 272.8M | |
| Total Stockholder Equity | 1.6B | 1.0B | 2.2B | 2.1B | 2.1B | 1.3B | |
| Property Plant And Equipment Net | 2.7B | 2.1B | 8.1M | 10.4M | 4.8M | 4.5M | |
| Net Debt | 796.3M | 286.4M | 552.8M | 996.6M | 1.4B | 889.1M | |
| Accounts Payable | 25.5M | 812.6M | 443.1M | 106.6M | 115.5M | 136.8M | |
| Cash | 8.0M | 15.0M | 5.6M | 11.0M | 44.3M | 29.9M | |
| Non Current Assets Total | 2.7B | 2.1B | 3.2B | 3.1B | 3.8B | 2.5B | |
| Cash And Short Term Investments | 8.0M | 15.0M | 5.6M | 11.0M | 44.3M | 29.9M | |
| Net Receivables | 7.4M | 16.3M | 38.0M | 72.2M | 51.8M | 54.4M | |
| Liabilities And Stockholders Equity | 2.7B | 2.1B | 3.2B | 3.2B | 3.9B | 2.5B | |
| Non Current Liabilities Total | 674.2M | 320.6M | 470.4M | 557.4M | 1.5B | 974.1M | |
| Other Current Assets | 9.0M | (25.8M) | (28.0M) | (62.2M) | (97.0M) | (92.1M) | |
| Total Liab | 1.2B | 1.1B | 1.1B | 1.1B | 1.8B | 1.2B | |
| Total Current Assets | 24.5M | 31.3M | 43.7M | 83.2M | 96.2M | 101.0M | |
| Short Term Debt | 172.7M | 308.5M | 143M | 450.1M | 200M | 202.1M | |
| Other Liab | 42.6M | 29.2M | 64.5M | 27.2M | 24.5M | 32.9M | |
| Net Tangible Assets | 1.6B | 1.0B | 2.2B | 2.1B | 2.4B | 1.9B | |
| Common Stock | 1.6B | 1.0B | 2.2B | 2.2B | 2.2B | 2.0B | |
| Property Plant Equipment | 2.7B | 2.1B | 3.2B | 3.1B | 3.6B | 3.0B |
Pair Trading with Primaris Retail
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 Primaris Retail 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 Primaris Retail will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Primaris Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primaris Retail 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 Primaris Retail - 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 Primaris Retail RE to buy it.
The correlation of Primaris Retail 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 Primaris Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primaris Retail RE 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 Primaris Retail 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 Primaris Stock
Balance Sheet is a snapshot of the financial position of Primaris Retail RE at a specified time, usually calculated after every quarter, six months, or one year. Primaris Retail Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Primaris Retail 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 Primaris currently owns. An asset can also be divided into two categories, current and non-current.