Yangarra Roe vs Ptb Ratio Analysis

YGR Stock

CAD 1.02 0.03 3.03%

Yangarra Resources financial indicator trend analysis is more than just analyzing Yangarra Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yangarra Resources is a good investment. Please check the relationship between Yangarra Resources Roe and its Ptb Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yangarra 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.

Roe vs Ptb Ratio

Roe vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yangarra Resources Roe account and Ptb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Yangarra Resources' Roe and Ptb Ratio is -0.57. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Yangarra Resources, assuming nothing else is changed. The correlation between historical values of Yangarra Resources' Roe 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 Roe of Yangarra Resources 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 Roe i.e., Yangarra Resources' Roe and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Roe

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 Yangarra Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yangarra 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yangarra 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, Yangarra Resources' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 2.46, while Selling General Administrative is likely to drop about 4 M.

	2021	2022	2023	2024 (projected)
Total Revenue	140.3M	223.9M	152.3M	159.9M
Depreciation And Amortization	27.3M	38.0M	40.0M	42.0M

Total Revenue Depreciation And Amortization

Yangarra Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	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	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Liabilities Total	Property Plant And Equipment Gross	Short Term Debt	Other Current Assets	Short Term Investments	Good Will	Inventory	Common Stock Total Equity
Total Assets		0.2	0.52	0.71	0.37	0.71	-0.85	1.0	0.73	-0.91	0.91	0.91	0.87	0.52	0.92	-0.39	0.74	1.0	0.48	0.98	-0.02	0.63	-0.57	-0.58	0.62	0.84
Total Current Liabilities	0.2		0.31	0.03	0.28	0.2	-0.06	0.19	0.27	-0.15	0.26	0.26	0.19	-0.1	0.32	-0.02	0.04	0.17	-0.24	0.23	0.94	0.27	0.11	0.15	0.0	0.19
Total Stockholder Equity	0.52	0.31		0.28	0.98	0.24	-0.34	0.53	0.42	-0.5	0.39	0.61	0.42	-0.45	0.4	-0.26	0.29	0.53	-0.49	0.52	0.24	0.36	-0.57	-0.35	0.32	0.6
Net Debt	0.71	0.03	0.28		0.13	0.49	-0.8	0.71	0.07	-0.61	0.64	0.71	0.87	0.47	0.6	-0.49	1.0	0.71	0.45	0.59	-0.11	0.76	-0.52	0.07	0.27	0.78
Retained Earnings	0.37	0.28	0.98	0.13		0.09	-0.22	0.37	0.34	-0.39	0.22	0.44	0.28	-0.6	0.23	-0.21	0.15	0.37	-0.62	0.38	0.26	0.21	-0.54	-0.29	0.3	0.45
Accounts Payable	0.71	0.2	0.24	0.49	0.09		-0.37	0.7	0.43	-0.47	0.9	0.77	0.55	0.5	0.86	-0.22	0.51	0.7	0.46	0.66	-0.14	0.5	-0.35	-0.35	0.21	0.64
Cash	-0.85	-0.06	-0.34	-0.8	-0.22	-0.37		-0.86	-0.52	0.91	-0.68	-0.67	-0.88	-0.55	-0.68	0.39	-0.82	-0.86	-0.53	-0.83	0.04	-0.53	0.53	0.36	-0.63	-0.66
Non Current Assets Total	1.0	0.19	0.53	0.71	0.37	0.7	-0.86		0.73	-0.92	0.9	0.91	0.88	0.52	0.92	-0.39	0.74	1.0	0.48	0.98	-0.03	0.62	-0.57	-0.58	0.63	0.84
Non Currrent Assets Other	0.73	0.27	0.42	0.07	0.34	0.43	-0.52	0.73		-0.78	0.62	0.52	0.49	0.34	0.68	-0.06	0.11	0.72	0.29	0.82	0.13	0.13	-0.31	-0.83	0.72	0.41
Cash And Short Term Investments	-0.91	-0.15	-0.5	-0.61	-0.39	-0.47	0.91	-0.92	-0.78		-0.76	-0.7	-0.84	-0.46	-0.76	0.37	-0.64	-0.91	-0.43	-0.93	-0.01	-0.42	0.67	0.57	-0.83	-0.69
Net Receivables	0.91	0.26	0.39	0.64	0.22	0.9	-0.68	0.9	0.62	-0.76		0.89	0.76	0.56	0.98	-0.33	0.67	0.9	0.51	0.87	-0.03	0.59	-0.5	-0.46	0.43	0.77
Common Stock Shares Outstanding	0.91	0.26	0.61	0.71	0.44	0.77	-0.67	0.91	0.52	-0.7	0.89		0.78	0.34	0.9	-0.35	0.74	0.91	0.29	0.83	0.01	0.73	-0.51	-0.43	0.31	0.91
Other Stockholder Equity	0.87	0.19	0.42	0.87	0.28	0.55	-0.88	0.88	0.49	-0.84	0.76	0.78		0.49	0.76	-0.42	0.87	0.87	0.45	0.83	0.02	0.73	-0.58	-0.2	0.57	0.85
Total Liab	0.52	-0.1	-0.45	0.47	-0.6	0.5	-0.55	0.52	0.34	-0.46	0.56	0.34	0.49		0.56	-0.14	0.48	0.52	0.99	0.51	-0.26	0.29	-0.02	-0.26	0.33	0.28
Total Current Assets	0.92	0.32	0.4	0.6	0.23	0.86	-0.68	0.92	0.68	-0.76	0.98	0.9	0.76	0.56		-0.32	0.63	0.91	0.5	0.9	0.05	0.66	-0.42	-0.52	0.44	0.78
Other Current Liab	-0.39	-0.02	-0.26	-0.49	-0.21	-0.22	0.39	-0.39	-0.06	0.37	-0.33	-0.35	-0.42	-0.14	-0.32		-0.49	-0.39	-0.14	-0.34	0.04	-0.51	0.49	0.02	-0.34	-0.54
Short Long Term Debt Total	0.74	0.04	0.29	1.0	0.15	0.51	-0.82	0.74	0.11	-0.64	0.67	0.74	0.87	0.48	0.63	-0.49		0.74	0.46	0.62	-0.12	0.77	-0.53	0.03	0.29	0.8
Property Plant And Equipment Net	1.0	0.17	0.53	0.71	0.37	0.7	-0.86	1.0	0.72	-0.91	0.9	0.91	0.87	0.52	0.91	-0.39	0.74		0.48	0.98	-0.05	0.62	-0.57	-0.59	0.63	0.84
Non Current Liabilities Total	0.48	-0.24	-0.49	0.45	-0.62	0.46	-0.53	0.48	0.29	-0.43	0.51	0.29	0.45	0.99	0.5	-0.14	0.46	0.48		0.46	-0.39	0.25	-0.04	-0.27	0.32	0.25
Property Plant And Equipment Gross	0.98	0.23	0.52	0.59	0.38	0.66	-0.83	0.98	0.82	-0.93	0.87	0.83	0.83	0.51	0.9	-0.34	0.62	0.98	0.46		0.02	0.52	-0.53	-0.66	0.71	0.75
Short Term Debt	-0.02	0.94	0.24	-0.11	0.26	-0.14	0.04	-0.03	0.13	-0.01	-0.03	0.01	0.02	-0.26	0.05	0.04	-0.12	-0.05	-0.39	0.02		0.12	0.22	0.26	-0.06	-0.01
Other Current Assets	0.63	0.27	0.36	0.76	0.21	0.5	-0.53	0.62	0.13	-0.42	0.59	0.73	0.73	0.29	0.66	-0.51	0.77	0.62	0.25	0.52	0.12		-0.28	0.03	0.11	0.8
Short Term Investments	-0.57	0.11	-0.57	-0.52	-0.54	-0.35	0.53	-0.57	-0.31	0.67	-0.5	-0.51	-0.58	-0.02	-0.42	0.49	-0.53	-0.57	-0.04	-0.53	0.22	-0.28		0.22	-0.67	-0.64
Good Will	-0.58	0.15	-0.35	0.07	-0.29	-0.35	0.36	-0.58	-0.83	0.57	-0.46	-0.43	-0.2	-0.26	-0.52	0.02	0.03	-0.59	-0.27	-0.66	0.26	0.03	0.22		-0.55	-0.25
Inventory	0.62	0.0	0.32	0.27	0.3	0.21	-0.63	0.63	0.72	-0.83	0.43	0.31	0.57	0.33	0.44	-0.34	0.29	0.63	0.32	0.71	-0.06	0.11	-0.67	-0.55		0.38
Common Stock Total Equity	0.84	0.19	0.6	0.78	0.45	0.64	-0.66	0.84	0.41	-0.69	0.77	0.91	0.85	0.28	0.78	-0.54	0.8	0.84	0.25	0.75	-0.01	0.8	-0.64	-0.25	0.38

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Yangarra Resources Account Relationship Matchups

Yangarra Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	592.2M	610.0M	683.5M	768.1M	835.2M	877.0M
Total Current Liabilities	27.7M	24.7M	36.5M	177.7M	40.3M	39.1M
Total Stockholder Equity	303.6M	312.3M	365.0M	473.6M	536.6M	563.4M
Net Debt	200.7M	210.5M	204.9M	142.5M	123.4M	64.1M
Retained Earnings	103.8M	108.7M	158.7M	265.1M	311.7M	327.3M
Accounts Payable	25.9M	20.9M	33.9M	35.7M	36.6M	38.4M
Cash	(57K)	(5.2M)	(5.1M)	(4.7M)	(4.3M)	(4.0M)
Non Current Assets Total	563.6M	585.2M	650.7M	727.3M	795.6M	835.4M
Non Currrent Assets Other	226K	231K	430K	26.2M	35.7M	37.5M
Cash And Short Term Investments	(5.2M)	(5.1M)	(4.7M)	(8.8M)	(8.9M)	(8.5M)
Net Receivables	24.6M	18.7M	27.5M	32.0M	30.1M	31.6M
Common Stock Shares Outstanding	85.7M	85.8M	89.4M	92.1M	98.4M	103.4M
Liabilities And Stockholders Equity	592.2M	610.0M	683.5M	768.1M	835.2M	877.0M
Other Stockholder Equity	23.4M	27.2M	28.1M	28.8M	32.2M	16.8M
Total Liab	288.6M	297.7M	318.5M	294.5M	298.6M	313.5M
Total Current Assets	28.6M	24.7M	32.7M	40.8M	39.6M	41.6M
Other Current Liab	(1.4M)	(268K)	(2.2M)	488K	1.5M	1.6M
Short Long Term Debt Total	195.5M	205.4M	200.1M	142.5M	123.4M	75.3M
Property Plant And Equipment Net	563.3M	585.2M	650.3M	701.0M	795.6M	835.4M
Non Current Liabilities Total	260.8M	273.0M	282.0M	116.8M	258.3M	271.2M
Property Plant And Equipment Gross	563.3M	585.2M	900.9M	1.0B	1.1B	1.2B
Short Term Debt	3.2M	4.2M	4.7M	141.5M	2.2M	2.1M
Other Current Assets	7.9M	11.1M	10.2M	8.8M	9.5M	4.9M
Short Term Investments	37.1K	712K	270K	382K	343.8K	475.4K
Inventory	(135.0K)	5.1M	5.0M	8.8M	8.9M	9.4M
Other Liab	66.9M	66.9M	84.1M	115.8M	133.1M	139.8M
Net Tangible Assets	303.6M	312.3M	365.0M	473.6M	544.6M	275.7M
Long Term Debt	190.3M	200.3M	195.4M	1.0M	121.0M	93.7M
Property Plant Equipment	563.3M	585.2M	650.3M	727.3M	836.4M	469.1M
Capital Surpluse	23.4M	27.2M	28.1M	28.8M	33.1M	22.9M
Long Term Debt Total	193.9M	203.3M	197.8M	1.0M	1.2M	1.1M
Non Current Liabilities Other	124K	84K	35K	589K	677.4K	711.2K
Net Invested Capital	493.9M	512.5M	560.4M	474.6M	657.6M	531.4M

Pair Trading with Yangarra 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 Yangarra 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 Yangarra Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Yangarra Stock

0.63	ENS-PA	E Split Corp	Pair Corr
0.56	ENS	E Split Corp	Pair Corr
0.54	ENB-PFV	Enbridge Pref 5	Pair Corr
0.34	ENB-PFU	Enbridge Pref L	Pair Corr

The ability to find closely correlated positions to Yangarra 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 Yangarra 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 Yangarra 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 Yangarra Resources to buy it.

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

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

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Yangarra Roe vs Ptb Ratio Analysis

Roe vs Ptb Ratio

Roe vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Roe

Ptb Ratio

Yangarra Resources fundamental ratios Correlations

Yangarra Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Yangarra Resources fundamental ratios Accounts

Pair Trading with Yangarra Resources

Moving against Yangarra Stock

Other Information on Investing in Yangarra Stock

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Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Net Debt
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Total Liab
Property Plant And Equipment Gross	+ 0.98	Total Assets

Property Plant And Equipment Gross	- 0.93	Cash And Short Term Investments
Cash And Short Term Investments	- 0.92	Non Current Assets Total
Property Plant And Equipment Net	- 0.91	Cash And Short Term Investments
Cash And Short Term Investments	- 0.91	Total Assets
Other Stockholder Equity	- 0.88	Cash
Property Plant And Equipment Net	- 0.86	Cash