Paramount Ev To Sales vs Book Value Per Share Analysis

POU Stock

CAD 31.17 0.32 1.04%

Paramount Resources financial indicator trend analysis is much more than just breaking down Paramount Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paramount Resources is a good investment. Please check the relationship between Paramount Resources Ev To Sales and its Book Value Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount Resources. 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.

Ev To Sales vs Book Value Per Share

Ev To Sales vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paramount Resources Ev To Sales account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Paramount Resources' Ev To Sales and Book Value Per Share is -0.59. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Paramount Resources, assuming nothing else is changed. The correlation between historical values of Paramount Resources' Ev To Sales and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Paramount Resources are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Ev To Sales i.e., Paramount Resources' Ev To Sales and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Paramount Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paramount Resources 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 Paramount Resources. 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, Paramount Resources' Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.69, while Selling General Administrative is likely to drop about 58.7 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	635.5M	478.9M	85.3M	81.0M
Cost Of Revenue	542M	1.1B	1.3B	1.4B

Total Operating Expenses Cost Of Revenue

Paramount Resources 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Cash	Cash And Short Term Investments	Current Deferred Revenue	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		-0.08	-0.04	0.69	0.87	0.86	0.05	0.41	0.69	0.99	0.64	0.8	0.35	0.49	-0.18	0.27	0.0	0.54	0.86	0.17	-0.18	-0.19	0.57	0.3	0.86	0.88
Short Long Term Debt Total	-0.08		-0.18	0.27	-0.49	0.24	0.82	-0.9	-0.07	-0.05	-0.24	-0.35	-0.35	0.68	0.22	-0.21	-0.51	0.67	-0.38	-0.17	0.01	0.01	0.54	0.19	-0.09	-0.09
Other Current Liab	-0.04	-0.18		-0.09	0.06	-0.13	-0.4	0.16	-0.05	-0.11	0.16	-0.04	-0.28	-0.18	-0.29	0.23	-0.07	-0.18	-0.12	0.5	0.44	0.44	0.13	0.14	-0.1	-0.1
Total Current Liabilities	0.69	0.27	-0.09		0.49	0.79	0.28	0.11	0.89	0.69	0.25	0.47	0.08	0.47	-0.22	0.16	-0.16	0.55	0.51	0.12	-0.08	-0.09	0.59	0.2	0.56	0.53
Total Stockholder Equity	0.87	-0.49	0.06	0.49		0.55	-0.38	0.74	0.58	0.83	0.54	0.78	0.47	-0.01	-0.27	0.36	0.24	0.05	0.92	0.34	-0.04	-0.04	0.3	0.02	0.81	0.82
Property Plant And Equipment Net	0.86	0.24	-0.13	0.79	0.55		0.36	0.06	0.75	0.87	0.46	0.76	0.38	0.73	-0.05	0.22	-0.21	0.78	0.58	0.06	-0.25	-0.26	0.63	0.47	0.8	0.79
Net Debt	0.05	0.82	-0.4	0.28	-0.38	0.36		-0.72	0.14	0.15	-0.14	-0.12	-0.19	0.76	0.31	-0.08	-0.45	0.75	-0.17	-0.6	-0.55	-0.55	0.3	0.08	-0.04	-0.03
Retained Earnings	0.41	-0.9	0.16	0.11	0.74	0.06	-0.72		0.38	0.37	0.46	0.52	0.34	-0.47	-0.47	0.3	0.41	-0.43	0.62	0.25	-0.02	-0.03	-0.26	-0.1	0.32	0.32
Accounts Payable	0.69	-0.07	-0.05	0.89	0.58	0.75	0.14	0.38		0.72	0.35	0.62	0.19	0.34	-0.18	0.23	0.02	0.42	0.62	-0.05	-0.32	-0.34	0.3	0.16	0.53	0.49
Non Current Assets Total	0.99	-0.05	-0.11	0.69	0.83	0.87	0.15	0.37	0.72		0.63	0.78	0.34	0.54	-0.13	0.22	-0.01	0.59	0.85	0.02	-0.3	-0.31	0.53	0.28	0.84	0.86
Non Currrent Assets Other	0.64	-0.24	0.16	0.25	0.54	0.46	-0.14	0.46	0.35	0.63		0.42	0.13	0.36	-0.44	-0.05	0.14	0.37	0.51	0.06	-0.04	-0.06	0.32	0.46	0.46	0.45
Net Receivables	0.8	-0.35	-0.04	0.47	0.78	0.76	-0.12	0.52	0.62	0.78	0.42		0.71	0.23	-0.08	0.58	0.05	0.27	0.74	0.23	-0.31	-0.31	0.23	0.21	0.81	0.81
Common Stock Shares Outstanding	0.35	-0.35	-0.28	0.08	0.47	0.38	-0.19	0.34	0.19	0.34	0.13	0.71		-0.11	0.06	0.3	0.11	-0.09	0.4	0.12	-0.24	-0.22	0.0	-0.14	0.69	0.66
Non Current Liabilities Total	0.49	0.68	-0.18	0.47	-0.01	0.73	0.76	-0.47	0.34	0.54	0.36	0.23	-0.11		0.13	-0.09	-0.42	1.0	0.11	-0.27	-0.3	-0.31	0.62	0.59	0.32	0.34
Inventory	-0.18	0.22	-0.29	-0.22	-0.27	-0.05	0.31	-0.47	-0.18	-0.13	-0.44	-0.08	0.06	0.13		-0.17	-0.03	0.1	-0.15	-0.31	-0.24	-0.24	0.01	-0.19	-0.05	-0.04
Other Current Assets	0.27	-0.21	0.23	0.16	0.36	0.22	-0.08	0.3	0.23	0.22	-0.05	0.58	0.3	-0.09	-0.17		-0.11	-0.07	0.32	0.37	-0.19	-0.18	-0.04	-0.17	0.21	0.24
Other Stockholder Equity	0.0	-0.51	-0.07	-0.16	0.24	-0.21	-0.45	0.41	0.02	-0.01	0.14	0.05	0.11	-0.42	-0.03	-0.11		-0.41	0.43	0.02	0.05	0.05	-0.44	-0.05	-0.05	-0.06
Total Liab	0.54	0.67	-0.18	0.55	0.05	0.78	0.75	-0.43	0.42	0.59	0.37	0.27	-0.09	1.0	0.1	-0.07	-0.41		0.16	-0.24	-0.29	-0.31	0.65	0.58	0.37	0.38
Property Plant And Equipment Gross	0.86	-0.38	-0.12	0.51	0.92	0.58	-0.17	0.62	0.62	0.85	0.51	0.74	0.4	0.11	-0.15	0.32	0.43	0.16		0.11	-0.24	-0.24	0.22	0.03	0.73	0.74
Total Current Assets	0.17	-0.17	0.5	0.12	0.34	0.06	-0.6	0.25	-0.05	0.02	0.06	0.23	0.12	-0.27	-0.31	0.37	0.02	-0.24	0.11		0.81	0.81	0.33	0.19	0.26	0.27
Cash	-0.18	0.01	0.44	-0.08	-0.04	-0.25	-0.55	-0.02	-0.32	-0.3	-0.04	-0.31	-0.24	-0.3	-0.24	-0.19	0.05	-0.29	-0.24	0.81		1.0	0.28	0.21	-0.08	-0.09
Cash And Short Term Investments	-0.19	0.01	0.44	-0.09	-0.04	-0.26	-0.55	-0.03	-0.34	-0.31	-0.06	-0.31	-0.22	-0.31	-0.24	-0.18	0.05	-0.31	-0.24	0.81	1.0		0.28	0.19	-0.08	-0.08
Current Deferred Revenue	0.57	0.54	0.13	0.59	0.3	0.63	0.3	-0.26	0.3	0.53	0.32	0.23	0.0	0.62	0.01	-0.04	-0.44	0.65	0.22	0.33	0.28	0.28		0.35	0.58	0.59
Short Term Debt	0.3	0.19	0.14	0.2	0.02	0.47	0.08	-0.1	0.16	0.28	0.46	0.21	-0.14	0.59	-0.19	-0.17	-0.05	0.58	0.03	0.19	0.21	0.19	0.35		0.15	0.15
Common Stock Total Equity	0.86	-0.09	-0.1	0.56	0.81	0.8	-0.04	0.32	0.53	0.84	0.46	0.81	0.69	0.32	-0.05	0.21	-0.05	0.37	0.73	0.26	-0.08	-0.08	0.58	0.15		0.99
Common Stock	0.88	-0.09	-0.1	0.53	0.82	0.79	-0.03	0.32	0.49	0.86	0.45	0.81	0.66	0.34	-0.04	0.24	-0.06	0.38	0.74	0.27	-0.09	-0.08	0.59	0.15	0.99

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Paramount Resources Account Relationship Matchups

Paramount Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	3.5B	3.9B	4.3B	4.4B	4.6B
Short Long Term Debt Total	663.9M	835.2M	398.9M	177.4M	29.2M	27.7M
Other Current Liab	3.2M	32.3M	6.5M	56.6M	38.5M	41.8M
Total Current Liabilities	246.9M	217.3M	256M	282.4M	313M	202.2M
Total Stockholder Equity	2.1B	2.0B	2.6B	3.4B	3.5B	3.7B
Property Plant And Equipment Net	2.6B	2.6B	2.8B	2.9B	2.9B	1.6B
Net Debt	657.9M	830.6M	397.2M	174.9M	(19.7M)	(18.7M)
Retained Earnings	(128.5M)	(235.1M)	(15.5M)	517.6M	632.4M	664.0M
Accounts Payable	178.1M	141.2M	209.9M	222.8M	271.5M	146.9M
Non Current Assets Total	3.4B	3.4B	3.7B	3.8B	4.2B	4.4B
Non Currrent Assets Other	4.8M	2.8M	1.2M	2.9M	546.6M	573.9M
Net Receivables	118.6M	100.0M	141.9M	223.2M	155.8M	84.4M
Common Stock Shares Outstanding	130.6M	133.3M	142.8M	147M	148.3M	94.9M
Liabilities And Stockholders Equity	3.5B	3.5B	3.9B	4.3B	4.4B	4.6B
Non Current Liabilities Total	1.2B	1.2B	1.0B	676.8M	576.5M	763.9M
Other Current Assets	11.0M	9.9M	7.3M	280.5M	18.9M	23.9M
Other Stockholder Equity	(153.8M)	(101.6M)	199.2M	8.3M	179.6M	148.4M
Total Liab	1.4B	1.5B	1.3B	959.2M	889.5M	966.1M
Property Plant And Equipment Gross	2.6B	2.6B	5.1B	5.4B	6.2B	6.5B
Total Current Assets	141.7M	114.9M	156.7M	506.2M	223.6M	172.7M
Accumulated Other Comprehensive Income	4.2M	65.4M	370M	593.4M	385.2M	404.5M
Cash	6.0M	4.6M	1.7M	2.5M	48.9M	62.6M
Cash And Short Term Investments	6.0M	4.6M	1.7M	2.5M	48.9M	66.5M
Short Term Debt	9.9M	10.0M	10M	3M	2.7M	2.6M
Common Stock Total Equity	2.2B	2.2B	2.2B	2.2B	2.5B	1.8B
Common Stock	2.2B	2.2B	2.3B	2.3B	2.3B	2.0B
Other Liab	540.9M	397.3M	630.7M	502.4M	577.8M	517.0M
Net Tangible Assets	2.1B	2.0B	2.6B	3.4B	3.9B	2.2B
Other Assets	668.2M	750.8M	546.7M	332M	1.0	0.95
Long Term Debt	632.3M	813.5M	386.3M	159.4M	143.5M	136.3M
Long Term Investments	156.9M	148.8M	372.1M	557.1M	540.9M	272.3M
Property Plant Equipment	2.6B	2.6B	2.8B	2.9B	3.4B	2.8B
Long Term Debt Total	654.1M	825.2M	388.9M	174.4M	157.0M	149.1M
Capital Surpluse	158.0M	167.1M	170.8M	185.2M	213.0M	167.9M

Pair Trading with Paramount Resources

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 Paramount Resources 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 Paramount Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Paramount Stock

0.71

ENS-PA

E Split Corp

Pair Corr

Moving against Paramount Stock

0.36

SAGE

Sage Potash Corp

Pair Corr

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

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

Balance Sheet is a snapshot of the financial position of Paramount Resources at a specified time, usually calculated after every quarter, six months, or one year. Paramount Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Paramount Resources 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 Paramount currently owns. An asset can also be divided into two categories, current and non-current.

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Paramount Ev To Sales vs Book Value Per Share Analysis

Ev To Sales vs Book Value Per Share

Ev To Sales vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Ev To Sales

Book Value Per Share

Paramount Resources fundamental ratios Correlations

Paramount Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paramount Resources fundamental ratios Accounts

Pair Trading with Paramount Resources

Moving together with Paramount Stock

Moving against Paramount Stock

Other Information on Investing in Paramount Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Gross	+ 0.92	Total Stockholder Equity
Accounts Payable	+ 0.89	Total Current Liabilities

Retained Earnings	- 0.9	Short Long Term Debt Total
Retained Earnings	- 0.72	Net Debt
Total Current Assets	- 0.6	Net Debt
Cash And Short Term Investments	- 0.55	Net Debt
Cash	- 0.55	Net Debt
Other Stockholder Equity	- 0.51	Short Long Term Debt Total