Questerre Roic vs Ptb Ratio Analysis
| QEC Stock | CAD 0.24 0.01 4.00% |
Questerre Energy financial indicator trend analysis is much more than just breaking down Questerre Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Questerre Energy is a good investment. Please check the relationship between Questerre Energy Roic and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Questerre Energy. 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.
Roic vs Ptb Ratio
Roic vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Questerre Energy Roic account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Questerre Energy's Roic and Ptb Ratio is -0.28. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Questerre Energy, assuming nothing else is changed. The correlation between historical values of Questerre Energy's Roic and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Questerre Energy are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Roic i.e., Questerre Energy's Roic and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.28 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most indicators from Questerre Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Questerre Energy 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 Questerre Energy. 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. Questerre Energy reported last year Tax Provision of (44,000). As of the 30th of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.39, while Selling General Administrative is likely to drop about 4.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.9M | 6.3M | 6.5M | 7.4M | Cost Of Revenue | 19.7M | 30.0M | 28.7M | 14.8M |
Questerre Energy fundamental ratios Correlations
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Questerre Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Questerre Energy fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 318.1M | 196.2M | 184.3M | 196.5M | 172.3M | 176.0M | |
| Other Current Liab | 1.0 | 6.2M | 8.4M | 484K | 184K | 174.8K | |
| Total Current Liabilities | 28.0M | 21.7M | 11.8M | 11.2M | 9.7M | 17.9M | |
| Total Stockholder Equity | 268.7M | 152.1M | 149.0M | 166.1M | 143.7M | 147.7M | |
| Property Plant And Equipment Net | 280.0M | 166.9M | 155.0M | 155.5M | 128.4M | 119.2M | |
| Net Debt | 1.5M | 5.3M | (4.9M) | (29.3M) | (34.8M) | (36.6M) | |
| Retained Earnings | (182.5M) | (300.2M) | (304.5M) | (290.3M) | (314.1M) | (298.4M) | |
| Cash | 15.0M | 10.4M | 8.5M | 29.6M | 35.0M | 33.0M | |
| Non Current Assets Total | 298.3M | 182.3M | 170.6M | 161.3M | 132.9M | 137.5M | |
| Cash And Short Term Investments | 15.0M | 10.4M | 8.5M | 29.6M | 35.0M | 33.4M | |
| Common Stock Shares Outstanding | 417.0M | 427.6M | 428.0M | 430.5M | 428.5M | 264.8M | |
| Liabilities And Stockholders Equity | 318.1M | 196.2M | 184.3M | 196.5M | 172.3M | 176.0M | |
| Non Current Liabilities Total | 21.4M | 22.4M | 23.5M | 19.1M | 19.0M | 10.4M | |
| Other Current Assets | 881K | 819K | 1.1M | 968K | 1.4M | 1.0M | |
| Other Stockholder Equity | 21.7M | 23.0M | 24.1M | 26.3M | 27.9M | 26.5M | |
| Total Liab | 49.4M | 44.1M | 35.3M | 30.4M | 28.7M | 28.3M | |
| Property Plant And Equipment Gross | 280.0M | 166.9M | 307.8M | 318.6M | 327.1M | 343.5M | |
| Total Current Assets | 19.8M | 13.9M | 13.6M | 35.2M | 39.5M | 38.5M | |
| Accumulated Other Comprehensive Income | (213K) | (473K) | (527K) | 296K | (20K) | (21K) | |
| Common Stock | 415.0M | 415.7M | 429.7M | 429.9M | 494.4M | 370.0M | |
| Short Long Term Debt Total | 16.5M | 15.7M | 3.6M | 283K | 228K | 216.6K | |
| Non Currrent Assets Other | 7.5M | 7.4M | 7.7M | 1.0 | 1.15 | 1.09 | |
| Short Term Debt | 16.5M | 15.5M | 3.5M | 92K | 94K | 89.3K | |
| Accounts Payable | 11.5M | 6.2M | 8.4M | 10.6M | 9.4M | 12.9M | |
| Net Receivables | 3.9M | 2.7M | 4.0M | 4.6M | 3.0M | 3.2M | |
| Short Term Investments | 881K | 819K | 1.1M | 968K | 1.4M | 1.3M | |
| Other Liab | 21.4M | 22.2M | 23.3M | 19.0M | 21.8M | 16.5M | |
| Net Tangible Assets | 266.3M | 152.1M | 149.0M | 166.1M | 149.5M | 142.9M | |
| Other Assets | 13.0M | 6.8M | 7.5M | 1K | 1.0 | 0.95 | |
| Long Term Investments | 8.4M | 8.0M | 8.0M | 5.8M | 4.5M | 7.8M | |
| Property Plant Equipment | 280.0M | 166.9M | 155.0M | 155.5M | 178.9M | 189.8M | |
| Capital Surpluse | 21.7M | 23.0M | 24.1M | 26.3M | 30.2M | 23.0M | |
| Short Long Term Debt | 16.4M | 15.4M | 3.4M | 33K | 36K | 34.2K | |
| Long Term Debt Total | 18K | 205K | 155K | 191K | 219.7K | 230.6K | |
| Net Invested Capital | 285.0M | 167.5M | 152.4M | 166.2M | 143.7M | 148.6M | |
| Net Working Capital | (8.2M) | (7.8M) | 1.8M | 23.9M | 29.8M | 31.3M |
Pair Trading with Questerre 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 Questerre 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 Questerre Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Questerre Stock
The ability to find closely correlated positions to Questerre 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 Questerre 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 Questerre 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 Questerre Energy to buy it.
The correlation of Questerre 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 Questerre Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Questerre Energy 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 Questerre 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.Other Information on Investing in Questerre Stock
Balance Sheet is a snapshot of the financial position of Questerre Energy at a specified time, usually calculated after every quarter, six months, or one year. Questerre Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Questerre Energy 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 Questerre currently owns. An asset can also be divided into two categories, current and non-current.