Companhia Short Long Term Debt Total vs Cash Analysis

ELP Stock  USD 6.82  0.04  0.58%   
Companhia Paranaense financial indicator trend analysis is way more than just evaluating Companhia Paranaense prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Companhia Paranaense is a good investment. Please check the relationship between Companhia Paranaense Short Long Term Debt Total and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Companhia Paranaense de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Short Long Term Debt Total vs Cash

Short Long Term Debt Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Companhia Paranaense Short Long Term Debt Total account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Companhia Paranaense's Short Long Term Debt Total and Cash is 0.82. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash in the same time period over historical financial statements of Companhia Paranaense de, assuming nothing else is changed. The correlation between historical values of Companhia Paranaense's Short Long Term Debt Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Companhia Paranaense de are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Long Term Debt Total i.e., Companhia Paranaense's Short Long Term Debt Total and Cash go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Short Long Term Debt Total

Cash

Cash refers to the most liquid asset of Companhia Paranaense, which is listed under current asset account on Companhia Paranaense de balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Companhia Paranaense customers. The amounts must be unrestricted with restricted cash listed in a different Companhia Paranaense account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Companhia Paranaense's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Companhia Paranaense 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Companhia Paranaense de. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Companhia Paranaense's Discontinued Operations is relatively stable compared to the past year. As of 10/31/2024, Issuance Of Capital Stock is likely to grow to about 2.1 B, while Sales General And Administrative To Revenue is likely to drop 0.04.
 2021 2022 2023 2024 (projected)
Gross Profit4.9B5.0B4.6B2.9B
Total Revenue24.0B21.9B21.5B10.9B

Companhia Paranaense fundamental ratios Correlations

0.950.910.960.80.780.860.830.740.891.00.380.880.950.450.990.650.64-0.691.00.970.560.790.940.460.92
0.950.840.920.740.850.960.810.670.820.960.290.80.860.440.950.540.62-0.730.960.880.650.730.860.460.96
0.910.840.930.660.60.70.660.590.890.890.230.850.890.550.890.480.73-0.730.920.930.430.660.90.360.83
0.960.920.930.780.770.850.810.750.820.960.40.80.950.390.920.60.6-0.660.960.930.70.750.90.570.87
0.80.740.660.780.880.710.960.930.60.810.620.610.83-0.110.790.880.24-0.470.80.740.660.970.720.530.69
0.780.850.60.770.880.880.890.820.560.80.530.560.74-0.060.780.680.26-0.540.790.670.780.870.660.590.79
0.860.960.70.850.710.880.80.680.620.890.370.610.770.260.860.520.43-0.690.870.730.760.680.740.50.9
0.830.810.660.810.960.890.80.880.610.840.50.630.810.00.820.840.33-0.560.830.750.710.890.720.420.75
0.740.670.590.750.930.820.680.880.480.740.730.520.84-0.210.720.90.08-0.440.740.690.680.890.610.610.58
0.890.820.890.820.60.560.620.610.480.860.050.980.80.680.870.430.85-0.620.870.950.250.640.880.260.83
1.00.960.890.960.810.80.890.840.740.860.410.840.940.410.990.650.6-0.71.00.940.60.80.940.480.93
0.380.290.230.40.620.530.370.50.730.050.410.050.54-0.530.40.67-0.44-0.120.410.270.570.580.360.690.23
0.880.80.850.80.610.560.610.630.520.980.840.050.80.630.850.50.81-0.590.850.950.240.650.810.220.79
0.950.860.890.950.830.740.770.810.840.80.940.540.80.290.940.710.48-0.60.960.940.590.80.90.580.81
0.450.440.550.39-0.11-0.060.260.0-0.210.680.41-0.530.630.290.44-0.250.88-0.440.430.53-0.17-0.080.51-0.20.48
0.990.950.890.920.790.780.860.820.720.870.990.40.850.940.440.620.6-0.720.990.940.530.780.950.440.93
0.650.540.480.60.880.680.520.840.90.430.650.670.50.71-0.250.620.04-0.390.630.60.490.860.510.350.43
0.640.620.730.60.240.260.430.330.080.850.6-0.440.810.480.880.60.04-0.530.610.720.030.280.65-0.10.64
-0.69-0.73-0.73-0.66-0.47-0.54-0.69-0.56-0.44-0.62-0.7-0.12-0.59-0.6-0.44-0.72-0.39-0.53-0.71-0.64-0.37-0.42-0.65-0.07-0.69
1.00.960.920.960.80.790.870.830.740.871.00.410.850.960.430.990.630.61-0.710.950.590.780.950.490.93
0.970.880.930.930.740.670.730.750.690.950.940.270.950.940.530.940.60.72-0.640.950.430.740.910.40.85
0.560.650.430.70.660.780.760.710.680.250.60.570.240.59-0.170.530.490.03-0.370.590.430.570.480.760.54
0.790.730.660.750.970.870.680.890.890.640.80.580.650.8-0.080.780.860.28-0.420.780.740.570.70.510.69
0.940.860.90.90.720.660.740.720.610.880.940.360.810.90.510.950.510.65-0.650.950.910.480.70.460.87
0.460.460.360.570.530.590.50.420.610.260.480.690.220.58-0.20.440.35-0.1-0.070.490.40.760.510.460.43
0.920.960.830.870.690.790.90.750.580.830.930.230.790.810.480.930.430.64-0.690.930.850.540.690.870.43
Click cells to compare fundamentals

Companhia Paranaense Account Relationship Matchups

Companhia Paranaense fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.3B46.8B49.5B49.7B55.8B58.6B
Short Long Term Debt Total11.7B10.1B12.0B12.7B15.2B16.0B
Other Current Liab2.1B4.6B2.3B3.3B4.6B4.8B
Total Current Liabilities5.3B9.7B8.0B7.2B9.3B9.8B
Total Stockholder Equity17.3B20.0B21.8B20.8B23.9B12.6B
Property Plant And Equipment Net10.7B9.6B10.3B10.3B11.1B8.7B
Net Debt8.7B6.9B8.6B10.0B9.6B10.1B
Retained Earnings4.8B6.1B7.8B7.9B9.1B4.8B
Accounts Payable1.8B2.4B2.7B2.2B2.2B1.2B
Cash2.9B3.2B3.5B2.7B5.6B5.9B
Non Current Assets Total30.4B35.4B38.3B40.4B42.1B44.2B
Non Currrent Assets Other9.4B14.4B14.0B14.2B2.3B2.2B
Cash And Short Term Investments3.3B3.4B3.9B2.9B5.6B5.9B
Net Receivables4.2B7.5B7.1B6.2B6.4B6.7B
Liabilities And Stockholders Equity38.3B46.8B49.5B49.7B55.8B58.6B
Non Current Liabilities Total15.4B16.9B19.4B21.4B21.5B22.6B
Inventory130.4M162.8M197.8M194.9M174.7M102.4M
Other Current Assets219.2M287.8M53.8M60.2M1.5B1.6B
Other Stockholder Equity591.9M353.3M426.2M(7.3B)(6.6B)(6.3B)
Total Liab20.7B26.5B27.4B28.6B30.8B32.4B
Total Current Assets7.9B11.4B11.2B9.3B13.7B14.4B
Short Term Debt1.5B2.6B2.8B1.7B2.0B1.2B
Other Liab4.6B5.2B9.4B10.1B11.6B12.2B
Other Assets10.6B15.8B15.4B2.3B2.6B4.1B
Long Term Debt10.2B7.3B9.1B10.8B13.1B13.7B
Intangible Assets6.3B6.9B9.2B10.3B11.2B11.7B
Property Plant Equipment10.7B9.6B10.3B7.1B8.1B5.6B
Current Deferred Revenue28.5M33.7M198.4M597.1M686.7M721.0M
Property Plant And Equipment Gross10.7B9.6B20.1B20.6B21.2B22.2B
Accumulated Other Comprehensive Income1.0B2.7B2.8B9.4B1.9B1.2B
Short Term Investments358.7M174.9M399.9M190.8M4.8M4.5M
Net Tangible Assets10.0B10.9B13.0B12.6B14.5B9.3B
Deferred Long Term Liab1.5B1.2B1.3B383.7M441.3M419.2M
Long Term Investments2.9B3.2B3.8B4.0B4.0B2.8B
Short Long Term Debt1.4B2.6B2.7B1.6B1.9B1.7B
Long Term Debt Total10.2B7.4B9.3B11.0B12.7B8.2B
Capital Lease Obligations96.6M138.4M212.7M273.8M270.4M284.0M

Pair Trading with Companhia Paranaense

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 Companhia Paranaense 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 Companhia Paranaense will appreciate offsetting losses from the drop in the long position's value.

Moving together with Companhia Stock

  0.95ELPC Companhia ParanaensePairCorr

Moving against Companhia Stock

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  0.46ALE Allete IncPairCorr
  0.38BIP Brookfield InfrastructurePairCorr
  0.32SO SouthernPairCorr
  0.32MGEE MGE EnergyPairCorr
The ability to find closely correlated positions to Companhia Paranaense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Paranaense 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 Companhia Paranaense - 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 Companhia Paranaense de to buy it.
The correlation of Companhia Paranaense 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 Companhia Paranaense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Paranaense 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 Companhia Paranaense 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 CorrelationCorrelation Matching

Additional Tools for Companhia Stock Analysis

When running Companhia Paranaense's price analysis, check to measure Companhia Paranaense'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 Companhia Paranaense is operating at the current time. Most of Companhia Paranaense's value examination focuses on studying past and present price action to predict the probability of Companhia Paranaense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Paranaense's price. Additionally, you may evaluate how the addition of Companhia Paranaense to your portfolios can decrease your overall portfolio volatility.