Pan Retained Earnings vs Total Liab Analysis
PAAS Stock | USD 21.74 1.14 5.53% |
Pan American financial indicator trend analysis is much more than just breaking down Pan American Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pan American Silver is a good investment. Please check the relationship between Pan American Retained Earnings and its Total Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Retained Earnings vs Total Liab
Retained Earnings vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pan American Silver Retained Earnings account and Total Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Pan American's Retained Earnings and Total Liab is -0.55. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Liab in the same time period over historical financial statements of Pan American Silver, assuming nothing else is changed. The correlation between historical values of Pan American's Retained Earnings and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Pan American Silver are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Retained Earnings i.e., Pan American's Retained Earnings and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Pan American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pan American Silver 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At this time, Pan American's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 64.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 133 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 1.3B | 1.4B | 2.0B | 2.1B | Other Operating Expenses | 1.3B | 1.6B | 2.2B | 2.3B |
Pan American fundamental ratios Correlations
Click cells to compare fundamentals
Pan American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pan American fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 201.6M | 210.3M | 210.4M | 210.5M | 326.5M | 342.9M | |
Total Assets | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Other Current Liab | 32.1M | 367K | 351K | 264.7M | 100K | 95K | |
Total Current Liabilities | 271.7M | 361.8M | 387.7M | 380.8M | 624.2M | 655.4M | |
Total Stockholder Equity | 2.5B | 2.6B | 2.6B | 2.2B | 4.8B | 5.0B | |
Property Plant And Equipment Net | 2.5B | 2.4B | 2.3B | 2.2B | 5.7B | 6.0B | |
Net Debt | 195.6M | (133.5M) | (237.7M) | 119.8M | 402M | 422.1M | |
Retained Earnings | (754.7M) | (623.0M) | (598.0M) | (1.0B) | (1.3B) | (1.2B) | |
Accounts Payable | 225.3M | 80.3M | 77.5M | 88.8M | 198.2M | 208.1M | |
Cash | 120.6M | 167.1M | 283.6M | 107.0M | 399.6M | 419.6M | |
Non Current Assets Total | 2.7B | 2.6B | 2.5B | 2.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 42.1M | 28.4M | 35.5M | 35.9M | 67.6M | 71.0M | |
Cash And Short Term Investments | 238.3M | 279.1M | 335.3M | 142.3M | 440.9M | 462.9M | |
Net Receivables | 186.0M | 149.8M | 148.4M | 176.6M | 200.9M | 210.9M | |
Liabilities And Stockholders Equity | 3.5B | 3.4B | 3.5B | 3.2B | 7.2B | 7.6B | |
Non Current Liabilities Total | 722.2M | 466.3M | 494.9M | 666.0M | 1.8B | 1.9B | |
Inventory | 346.5M | 406.2M | 500.5M | 471.6M | 711.6M | 747.2M | |
Other Current Assets | 16.8M | 14.1M | 13.0M | 10.9M | 36.6M | 38.4M | |
Other Stockholder Equity | 94.3M | 93.4M | 93.4M | 93.3M | 94M | 89.3M | |
Total Liab | 993.8M | 828.0M | 882.6M | 1.0B | 2.4B | 2.6B | |
Total Current Assets | 788.9M | 856.9M | 1.0B | 804.4M | 1.4B | 1.5B | |
Accumulated Other Comprehensive Income | 208K | (2.7B) | (3.0B) | (3.0M) | (30.3M) | (31.8M) | |
Short Term Investments | 117.8M | 111.9M | 51.7M | 35.3M | 41.3M | 39.2M | |
Short Long Term Debt Total | 316.2M | 33.6M | 45.9M | 226.8M | 801.6M | 841.7M | |
Other Liab | 399.4M | 424.8M | 442.3M | 445.7M | 512.6M | 538.2M | |
Other Assets | 80.5M | 87.6M | 91.4M | 91.7M | 105.5M | 110.8M | |
Short Term Debt | 14.2M | 12.8M | 14.1M | 27.3M | 52.4M | 55.0M | |
Common Stock | 3.1B | 3.1B | 3.1B | 3.1B | 6.0B | 6.3B | |
Property Plant Equipment | 2.5B | 2.4B | 2.3B | 2.2B | 2.6B | 2.7B | |
Common Stock Total Equity | 2.3B | 2.3B | 3.1B | 3.1B | 3.6B | 2.7B | |
Net Tangible Assets | 2.5B | 2.6B | 2.6B | 2.2B | 2.5B | 2.1B | |
Long Term Investments | 70.6M | 84.3M | 71.6M | 78.7M | 123.3M | 0.0 |
Pair Trading with Pan American
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 Pan American 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 Pan American will appreciate offsetting losses from the drop in the long position's value.Moving together with Pan Stock
0.95 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.95 | AEM | Agnico Eagle Mines | PairCorr |
0.9 | EGO | Eldorado Gold Corp | PairCorr |
0.9 | ERO | Ero Copper Corp | PairCorr |
0.93 | HBM | Hudbay Minerals | PairCorr |
Moving against Pan Stock
0.76 | ODVWZ | Osisko Development Corp | PairCorr |
0.49 | ZEUS | Olympic Steel | PairCorr |
The ability to find closely correlated positions to Pan American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pan American 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 Pan American - 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 Pan American Silver to buy it.
The correlation of Pan American 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 Pan American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pan American Silver 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 Pan American 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Pan American Silver information on this page should be used as a complementary analysis to other Pan American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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When running Pan American's price analysis, check to measure Pan American'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 Pan American is operating at the current time. Most of Pan American's value examination focuses on studying past and present price action to predict the probability of Pan American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pan American's price. Additionally, you may evaluate how the addition of Pan American to your portfolios can decrease your overall portfolio volatility.
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Is Pan American'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 Pan American. If investors know Pan 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 Pan American 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 (0.78) | Dividend Share 0.4 | Earnings Share (0.48) | Revenue Per Share 6.924 | Quarterly Revenue Growth 0.541 |
The market value of Pan American Silver is measured differently than its book value, which is the value of Pan that is recorded on the company's balance sheet. Investors also form their own opinion of Pan American's value that differs from its market value or its book value, called intrinsic value, which is Pan American'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 Pan American's market value can be influenced by many factors that don't directly affect Pan American'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 Pan American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pan American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pan American'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.