PennantPark Cash And Short Term Investments from 2010 to 2024
| PNNT Stock | USD 7.49 0.07 0.94% |
Cash And Short Term Investments | First Reported 2007-03-31 | Previous Quarter 36.9 M | Current Value 35.4 M | Quarterly Volatility 135.7 M |
Check PennantPark Investment financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PennantPark main balance sheet or income statement drivers, such as Interest Expense of 47.6 M, Selling General Administrative of 5.7 M or Total Revenue of 175.5 M, as well as many exotic indicators such as Price To Sales Ratio of 3.23, Dividend Yield of 0.088 or PTB Ratio of 0.86. PennantPark financial statements analysis is a perfect complement when working with PennantPark Investment Valuation or Volatility modules.
PennantPark | Cash And Short Term Investments |
Latest PennantPark Investment's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of PennantPark Investment over the last few years. Short Term Investments is an account in the current assets section of PennantPark Investment balance sheet. This account contains PennantPark Investment investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PennantPark Investment fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. PennantPark Investment's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PennantPark Investment's overall financial position and show how it may be relating to other accounts over time.
| Cash And Short Term Investments | 10 Years Trend |
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Cash And Short Term Investments |
| Timeline |
PennantPark Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 76,484,082 | |
| Geometric Mean | 53,376,733 | |
| Coefficient Of Variation | 93.18 | |
| Mean Deviation | 49,003,346 | |
| Median | 58,440,829 | |
| Standard Deviation | 71,264,488 | |
| Sample Variance | 5078.6T | |
| Range | 283.5M | |
| R-Value | (0.07) | |
| Mean Square Error | 5443.1T | |
| R-Squared | 0 | |
| Significance | 0.81 | |
| Slope | (1,103,176) | |
| Total Sum of Squares | 71100.8T |
PennantPark Cash And Short Term Investments History
About PennantPark Investment Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include PennantPark Investment income statement, its balance sheet, and the statement of cash flows. PennantPark Investment investors use historical funamental indicators, such as PennantPark Investment's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although PennantPark Investment investors may use each financial statement separately, they are all related. The changes in PennantPark Investment's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PennantPark Investment'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 PennantPark Investment Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PennantPark Investment. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 121 M | 127 M |
Pair Trading with PennantPark Investment
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 PennantPark Investment 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 PennantPark Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with PennantPark Stock
| 0.86 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.65 | TW | Tradeweb Markets | PairCorr |
| 0.87 | DPCS | DP Cap Acquisition | PairCorr |
Moving against PennantPark Stock
| 0.71 | AMK | AssetMark Financial | PairCorr |
| 0.59 | NMR | Nomura Holdings ADR | PairCorr |
The ability to find closely correlated positions to PennantPark Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennantPark Investment 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 PennantPark Investment - 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 PennantPark Investment to buy it.
The correlation of PennantPark Investment 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 PennantPark Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennantPark Investment 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 PennantPark Investment 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 PennantPark Investment Correlation against competitors. For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for PennantPark Stock analysis
When running PennantPark Investment's price analysis, check to measure PennantPark Investment'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 PennantPark Investment is operating at the current time. Most of PennantPark Investment's value examination focuses on studying past and present price action to predict the probability of PennantPark Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Investment's price. Additionally, you may evaluate how the addition of PennantPark Investment to your portfolios can decrease your overall portfolio volatility.
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Is PennantPark Investment'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 PennantPark Investment. If investors know PennantPark 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 PennantPark Investment 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 2.347 | Dividend Share 0.83 | Earnings Share 0.92 | Revenue Per Share 2.288 | Quarterly Revenue Growth (0.01) |
The market value of PennantPark Investment is measured differently than its book value, which is the value of PennantPark that is recorded on the company's balance sheet. Investors also form their own opinion of PennantPark Investment's value that differs from its market value or its book value, called intrinsic value, which is PennantPark Investment'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 PennantPark Investment's market value can be influenced by many factors that don't directly affect PennantPark Investment'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 PennantPark Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennantPark Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennantPark Investment'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.