PennyMac Interest Expense from 2010 to 2024
| PMT Stock | USD 15.04 0.13 0.86% |
Interest Expense | First Reported 2009-12-31 | Previous Quarter 185.5 M | Current Value 171.5 M | Quarterly Volatility 48.1 M |
Check PennyMac Mortgage financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PennyMac main balance sheet or income statement drivers, such as Interest Expense of 772.8 M, Total Operating Expenses of 351.1 M or Selling General Administrative of 5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.85, Dividend Yield of 0.088 or PTB Ratio of 0.89. PennyMac financial statements analysis is a perfect complement when working with PennyMac Mortgage Valuation or Volatility modules.
PennyMac | Interest Expense |
Latest PennyMac Mortgage's Interest Expense Growth Pattern
Below is the plot of the Interest Expense of PennyMac Mortgage Investment over the last few years. It is the cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit. PennyMac Mortgage's Interest Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PennyMac Mortgage's overall financial position and show how it may be relating to other accounts over time.
| Interest Expense | 10 Years Trend |
|
Interest Expense |
| Timeline |
PennyMac Interest Expense Regression Statistics
| Arithmetic Mean | 239,501,627 | |
| Geometric Mean | 0.00 | |
| Coefficient Of Variation | 100.18 | |
| Mean Deviation | 180,679,685 | |
| Median | 151,371,000 | |
| Standard Deviation | 239,932,947 | |
| Sample Variance | 57567.8T | |
| Range | 772.8M | |
| R-Value | 0.90 | |
| Mean Square Error | 11913.6T | |
| R-Squared | 0.81 | |
| Slope | 48,220,960 | |
| Total Sum of Squares | 805949.5T |
PennyMac Interest Expense History
About PennyMac Mortgage Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include PennyMac Mortgage income statement, its balance sheet, and the statement of cash flows. PennyMac Mortgage investors use historical funamental indicators, such as PennyMac Mortgage's Interest Expense, to determine how well the company is positioned to perform in the future. Although PennyMac Mortgage investors may use each financial statement separately, they are all related. The changes in PennyMac Mortgage's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PennyMac Mortgage's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on PennyMac Mortgage Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PennyMac Mortgage. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Interest Expense | 736 M | 772.8 M |
Pair Trading with PennyMac Mortgage
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 PennyMac Mortgage 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 PennyMac Mortgage will appreciate offsetting losses from the drop in the long position's value.Moving together with PennyMac Stock
| 0.86 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
Moving against PennyMac Stock
| 0.5 | PT | Pintec Technology | PairCorr |
| 0.41 | CDAQW | Compass Digital Acqu | PairCorr |
The ability to find closely correlated positions to PennyMac Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennyMac Mortgage 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 PennyMac Mortgage - 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 PennyMac Mortgage Investment to buy it.
The correlation of PennyMac Mortgage 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 PennyMac Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennyMac Mortgage 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 PennyMac Mortgage 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 the analysis of PennyMac Mortgage Correlation against competitors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for PennyMac Stock analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.
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Is PennyMac Mortgage's industry 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 PennyMac Mortgage. If investors know PennyMac 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 PennyMac Mortgage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 1.6 | Earnings Share 1.52 | Revenue Per Share 6.915 | Quarterly Revenue Growth (0.55) |
The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage'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 PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage'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 PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage'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.