Patriot Battery Cash And Equivalents vs. Shares Outstanding
| PMT Stock | 0.25 0.01 3.85% |
For Patriot Battery profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Patriot Battery to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Patriot Battery Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Patriot Battery's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Patriot Battery Metals over time as well as its relative position and ranking within its peers.
Patriot |
Patriot Battery Metals Shares Outstanding vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Patriot Battery's current stock value. Our valuation model uses many indicators to compare Patriot Battery value to that of its competitors to determine the firm's financial worth. Patriot Battery Metals is considered to be number one stock in cash and equivalents category among its peers. It also is considered to be number one stock in shares outstanding category among its peers creating about 24.96 of Shares Outstanding per Cash And Equivalents. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Patriot Battery's earnings, one of the primary drivers of an investment's value.Patriot Shares Outstanding vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Patriot Battery |
| = | 56.72 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Patriot Battery |
| = | 1.42 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Patriot Shares Outstanding Comparison
Patriot Battery is currently under evaluation in shares outstanding category among its peers.
Patriot Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Patriot Battery. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Patriot Battery position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Patriot Battery's important profitability drivers and their relationship over time.
Use Patriot Battery in pair-trading
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 Patriot Battery 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 Patriot Battery will appreciate offsetting losses from the drop in the long position's value.Patriot Battery Pair Trading
Patriot Battery Metals Pair Trading Analysis
The ability to find closely correlated positions to Patriot Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patriot Battery 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 Patriot Battery - 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 Patriot Battery Metals to buy it.
The correlation of Patriot Battery 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 Patriot Battery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patriot Battery Metals 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 Patriot Battery 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.Use Investing Themes to Complement your Patriot Battery position
In addition to having Patriot Battery in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumer Goods Thematic Idea Now
Consumer Goods
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Consumer Goods theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumer Goods Theme or any other thematic opportunities.
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Additional Tools for Patriot Stock Analysis
When running Patriot Battery's price analysis, check to measure Patriot Battery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patriot Battery is operating at the current time. Most of Patriot Battery's value examination focuses on studying past and present price action to predict the probability of Patriot Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patriot Battery's price. Additionally, you may evaluate how the addition of Patriot Battery to your portfolios can decrease your overall portfolio volatility.