Primaris Net Tangible Assets vs Cash And Short Term Investments 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 Net Tangible Assets and its Cash And Short Term Investments 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.

Net Tangible Assets vs Cash And Short Term Investments

Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primaris Retail RE Net Tangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Primaris Retail's Net Tangible Assets and Cash And Short Term Investments is 0.23. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash And Short Term Investments 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 Net Tangible Assets and Cash And Short 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 Net Tangible Assets of Primaris Retail RE are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Primaris Retail's Net Tangible Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Primaris Retail RE balance sheet. This account contains Primaris Retail investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Primaris Retail RE fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

Gross Profit Total Revenue

Primaris Retail fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Other Liab	Net Tangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.41	0.3	0.12	0.95	0.24	0.39	0.41	-0.08	0.67	1.0	-0.15	0.67	0.29	0.75	0.76	-0.15	-0.5	0.91	0.52	0.05	-0.27	-0.03	0.42	0.38	0.42
Short Long Term Debt Total	0.41		0.12	-0.23	0.33	-0.04	1.0	0.5	-0.33	0.36	0.41	0.0	0.36	0.26	0.23	0.49	-0.24	-0.44	0.45	0.19	0.17	-0.41	-0.26	0.41	0.37	0.45
Other Current Liab	0.3	0.12		-0.35	0.38	0.39	0.12	0.02	-0.84	-0.02	0.31	-0.28	-0.02	-0.27	0.21	0.28	0.34	-0.22	0.15	-0.08	-0.17	0.12	0.28	0.23	0.22	0.23
Total Current Liabilities	0.12	-0.23	-0.35		0.23	-0.05	-0.23	0.07	0.69	-0.35	0.13	-0.19	-0.35	0.22	0.66	-0.46	-0.16	-0.23	-0.04	-0.03	0.69	0.09	-0.04	-0.21	-0.18	-0.23
Total Stockholder Equity	0.95	0.33	0.38	0.23		0.14	0.31	0.31	-0.11	0.42	0.95	-0.07	0.42	0.34	0.78	0.55	-0.13	-0.37	0.73	0.45	0.17	-0.2	0.12	0.52	0.5	0.49
Property Plant And Equipment Net	0.24	-0.04	0.39	-0.05	0.14		-0.03	-0.25	-0.27	0.13	0.26	-0.94	0.13	-0.79	0.32	0.31	0.82	-0.45	0.33	-0.51	-0.19	0.66	0.2	-0.64	-0.67	-0.65
Net Debt	0.39	1.0	0.12	-0.23	0.31	-0.03		0.48	-0.33	0.34	0.39	-0.01	0.34	0.25	0.22	0.47	-0.22	-0.43	0.42	0.16	0.18	-0.39	-0.24	0.4	0.35	0.43
Retained Earnings	0.41	0.5	0.02	0.07	0.31	-0.25	0.48		-0.11	0.47	0.4	0.19	0.47	0.66	0.35	0.4	-0.7	-0.72	0.48	0.75	0.5	-0.83	-0.8	0.33	0.34	0.4
Accounts Payable	-0.08	-0.33	-0.84	0.69	-0.11	-0.27	-0.33	-0.11		-0.03	-0.08	0.12	-0.03	0.23	0.15	-0.31	-0.29	0.16	-0.02	0.09	0.2	0.0	-0.06	-0.25	-0.25	-0.26
Cash	0.67	0.36	-0.02	-0.35	0.42	0.13	0.34	0.47	-0.03		0.66	0.05	1.0	0.23	0.15	0.93	-0.26	-0.36	0.88	0.64	-0.38	-0.47	-0.36	0.23	0.17	0.29
Non Current Assets Total	1.0	0.41	0.31	0.13	0.95	0.26	0.39	0.4	-0.08	0.66		-0.17	0.66	0.27	0.75	0.75	-0.12	-0.5	0.91	0.5	0.04	-0.25	-0.02	0.41	0.36	0.4
Non Currrent Assets Other	-0.15	0.0	-0.28	-0.19	-0.07	-0.94	-0.01	0.19	0.12	0.05	-0.17		0.05	0.75	-0.44	-0.12	-0.74	0.55	-0.22	0.59	-0.05	-0.64	-0.13	0.71	0.74	0.71
Cash And Short Term Investments	0.67	0.36	-0.02	-0.35	0.42	0.13	0.34	0.47	-0.03	1.0	0.66	0.05		0.23	0.15	0.93	-0.26	-0.36	0.88	0.64	-0.38	-0.47	-0.36	0.23	0.17	0.29
Net Receivables	0.29	0.26	-0.27	0.22	0.34	-0.79	0.25	0.66	0.23	0.23	0.27	0.75	0.23		0.16	0.07	-0.9	-0.06	0.18	0.84	0.43	-0.83	-0.42	0.69	0.75	0.7
Common Stock Shares Outstanding	0.75	0.23	0.21	0.66	0.78	0.32	0.22	0.35	0.15	0.15	0.75	-0.44	0.15	0.16		0.23	-0.06	-0.66	0.58	0.19	0.53	-0.05	-0.03	0.07	0.05	0.06
Non Current Liabilities Total	0.76	0.49	0.28	-0.46	0.55	0.31	0.47	0.4	-0.31	0.93	0.75	-0.12	0.93	0.07	0.23		-0.06	-0.43	0.91	0.49	-0.4	-0.33	-0.19	0.28	0.21	0.33
Other Current Assets	-0.15	-0.24	0.34	-0.16	-0.13	0.82	-0.22	-0.7	-0.29	-0.26	-0.12	-0.74	-0.26	-0.9	-0.06	-0.06		0.08	-0.14	-0.82	-0.35	0.93	0.54	-0.61	-0.61	-0.66
Other Stockholder Equity	-0.5	-0.44	-0.22	-0.23	-0.37	-0.45	-0.43	-0.72	0.16	-0.36	-0.5	0.55	-0.36	-0.06	-0.66	-0.43	0.08		-0.59	-0.23	-0.49	0.25	0.57	0.19	0.21	0.13
Total Liab	0.91	0.45	0.15	-0.04	0.73	0.33	0.42	0.48	-0.02	0.88	0.91	-0.22	0.88	0.18	0.58	0.91	-0.14	-0.59		0.53	-0.13	-0.33	-0.23	0.22	0.15	0.26
Total Current Assets	0.52	0.19	-0.08	-0.03	0.45	-0.51	0.16	0.75	0.09	0.64	0.5	0.59	0.64	0.84	0.19	0.49	-0.82	-0.23	0.53		0.11	-0.88	-0.5	0.61	0.63	0.66
Short Term Debt	0.05	0.17	-0.17	0.69	0.17	-0.19	0.18	0.5	0.2	-0.38	0.04	-0.05	-0.38	0.43	0.53	-0.4	-0.35	-0.49	-0.13	0.11		-0.23	-0.43	0.01	0.07	0.0
Current Deferred Revenue	-0.27	-0.41	0.12	0.09	-0.2	0.66	-0.39	-0.83	0.0	-0.47	-0.25	-0.64	-0.47	-0.83	-0.05	-0.33	0.93	0.25	-0.33	-0.88	-0.23		0.63	-0.64	-0.63	-0.71
Other Liab	-0.03	-0.26	0.28	-0.04	0.12	0.2	-0.24	-0.8	-0.06	-0.36	-0.02	-0.13	-0.36	-0.42	-0.03	-0.19	0.54	0.57	-0.23	-0.5	-0.43	0.63		0.01	0.05	-0.07
Net Tangible Assets	0.42	0.41	0.23	-0.21	0.52	-0.64	0.4	0.33	-0.25	0.23	0.41	0.71	0.23	0.69	0.07	0.28	-0.61	0.19	0.22	0.61	0.01	-0.64	0.01		0.98	0.99
Common Stock	0.38	0.37	0.22	-0.18	0.5	-0.67	0.35	0.34	-0.25	0.17	0.36	0.74	0.17	0.75	0.05	0.21	-0.61	0.21	0.15	0.63	0.07	-0.63	0.05	0.98		0.96
Property Plant Equipment	0.42	0.45	0.23	-0.23	0.49	-0.65	0.43	0.4	-0.26	0.29	0.4	0.71	0.29	0.7	0.06	0.33	-0.66	0.13	0.26	0.66	0.0	-0.71	-0.07	0.99	0.96

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Primaris Retail Account Relationship Matchups

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.

Pair Correlation Correlation Matching

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.

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Primaris Net Tangible Assets vs Cash And Short Term Investments Analysis

Net Tangible Assets vs Cash And Short Term Investments

Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Cash And Short Term Investments

Primaris Retail fundamental ratios Correlations

Primaris Retail Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primaris Retail fundamental ratios Accounts

Pair Trading with Primaris Retail

Other Information on Investing in Primaris Stock

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 0.99	Net Tangible Assets
Common Stock	+ 0.98	Net Tangible Assets
Property Plant Equipment	+ 0.96	Common Stock

Non Currrent Assets Other	- 0.94	Property Plant And Equipment Net
Other Current Assets	- 0.9	Net Receivables
Current Deferred Revenue	- 0.88	Total Current Assets
Accounts Payable	- 0.84	Other Current Liab
Current Deferred Revenue	- 0.83	Net Receivables
Current Deferred Revenue	- 0.83	Retained Earnings