Patten Free Cash Flow Per Share vs Roic Analysis
Patten Energy financial indicator trend analysis is much more than just breaking down Patten Energy Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patten Energy Solutions is a good investment. Please check the relationship between Patten Energy Free Cash Flow Per Share and its Roic accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patten Energy Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Free Cash Flow Per Share vs Roic
Free Cash Flow Per Share vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patten Energy Solutions Free Cash Flow Per Share account and Roic. At this time, the significance of the direction appears to have strong relationship.
The correlation between Patten Energy's Free Cash Flow Per Share and Roic is 0.68. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Roic in the same time period over historical financial statements of Patten Energy Solutions, assuming nothing else is changed. The correlation between historical values of Patten Energy's Free Cash Flow Per Share and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Patten Energy Solutions are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Free Cash Flow Per Share i.e., Patten Energy's Free Cash Flow Per Share and Roic go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Patten Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patten Energy Solutions 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 Patten Energy Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. As of the 25th of November 2024, Selling General Administrative is likely to drop to about 879.1 K. In addition to that, Enterprise Value Over EBITDA is likely to drop to -0.95
Patten Energy fundamental ratios Correlations
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Patten Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Patten Energy
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 Patten Energy 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 Patten Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Patten Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patten Energy 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 Patten Energy - 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 Patten Energy Solutions to buy it.
The correlation of Patten Energy 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 Patten Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patten Energy Solutions 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 Patten Energy 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patten Energy Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patten Energy. If investors know Patten will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patten Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.31) | Return On Equity (5.77) |
The market value of Patten Energy Solutions is measured differently than its book value, which is the value of Patten that is recorded on the company's balance sheet. Investors also form their own opinion of Patten Energy's value that differs from its market value or its book value, called intrinsic value, which is Patten Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patten Energy's market value can be influenced by many factors that don't directly affect Patten Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patten Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patten Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patten Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.