PennantPark Total Revenue vs Ebitda Analysis
PNNT Stock | USD 7.38 0.02 0.27% |
PennantPark Investment financial indicator trend analysis is much more than just breaking down PennantPark Investment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PennantPark Investment is a good investment. Please check the relationship between PennantPark Investment Total Revenue and its Ebitda accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.
Total Revenue vs Ebitda
Total Revenue vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PennantPark Investment Total Revenue account and Ebitda. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between PennantPark Investment's Total Revenue and Ebitda is -0.23. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebitda in the same time period over historical financial statements of PennantPark Investment, assuming nothing else is changed. The correlation between historical values of PennantPark Investment's Total Revenue and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of PennantPark Investment are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Total Revenue i.e., PennantPark Investment's Total Revenue and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts PennantPark Investment generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Ebitda
Most indicators from PennantPark Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PennantPark Investment 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 PennantPark Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.Tax Provision is likely to gain to about 9.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 11.9M | 6.0M | 6.9M | 7.0M | Cost Of Revenue | 114.9M | 185.7M | 213.6M | 224.2M |
PennantPark Investment fundamental ratios Correlations
Click cells to compare fundamentals
PennantPark Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PennantPark Investment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.3B | 1.3B | 1.2B | 1.3B | 1.2B | |
Short Long Term Debt Total | 568.3M | 607.3M | 704.5M | 516.8M | 594.4M | 483.5M | |
Other Current Liab | (15.5M) | (21.4M) | (145.5M) | (126.6M) | (145.6M) | (138.3M) | |
Total Current Liabilities | 15.5M | 21.4M | 16.0M | 126.6M | 145.6M | 138.3M | |
Total Stockholder Equity | 525.7M | 660.1M | 585.6M | 502.2M | 577.5M | 602.9M | |
Net Debt | 542.5M | 587.0M | 651.8M | 382.4M | 439.8M | 417.9M | |
Retained Earnings | (262.0M) | (126.9M) | (162.7M) | (244.3M) | (219.9M) | (208.9M) | |
Accounts Payable | 15.5M | 21.4M | 16.0M | 126.6M | 114.0M | 119.7M | |
Cash | 25.8M | 20.4M | 52.7M | 134.4M | 121.0M | 127.0M | |
Non Current Assets Total | 1.1B | 1.3B | 1.2B | 1.0B | 1.2B | 1.1B | |
Non Currrent Assets Other | (1.1B) | (1.3B) | (1.2B) | (1.0B) | (901.7M) | (946.8M) | |
Other Assets | 376.0K | 1.3B | 4.0M | 4.7M | 5.4M | 5.6M | |
Cash And Short Term Investments | 25.8M | 20.4M | 52.7M | 134.4M | 121.0M | 127.0M | |
Net Receivables | 6.4M | 19.4M | 35.5M | 11.9M | 13.7M | 15.1M | |
Common Stock Shares Outstanding | 70.7M | 67.7M | 67.0M | 65.2M | 75.0M | 60.9M | |
Liabilities And Stockholders Equity | 1.1B | 1.3B | 1.3B | 1.2B | 1.3B | 1.2B | |
Non Current Liabilities Total | 568.3M | 607.3M | 16.0M | 516.8M | 465.2M | 441.9M | |
Other Stockholder Equity | 787.6M | 787.0M | 748.2M | 746.5M | 858.4M | 716.8M | |
Total Liab | 588.6M | 634.9M | 732.9M | 650.7M | 748.3M | 552.0M | |
Total Current Assets | 32.2M | 39.8M | 88.2M | 146.3M | 131.7M | 125.1M | |
Other Current Assets | (32.2M) | (39.8M) | (90.3M) | (50.7M) | (45.6M) | (43.3M) | |
Short Term Debt | 83.8B | 230.4B | 145.5M | 169.1M | 152.2M | 144.6M | |
Net Tangible Assets | 525.7M | 660.1M | 585.6M | 502.2M | 452.0M | 505.5M | |
Long Term Investments | 1.1B | 1.3B | 1.2B | 1.0B | 901.7M | 947.3M | |
Net Invested Capital | 1.1B | 1.3B | 1.3B | 1.0B | 917.1M | 942.0M | |
Current Deferred Revenue | (72.2B) | (83.8B) | (230.3B) | (42.5M) | (48.9M) | (51.3M) |
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 |
0.94 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
Moving against PennantPark Stock
0.83 | BEN | Franklin Resources Fiscal Year End 29th of October 2024 | PairCorr |
0.75 | MA | Mastercard | PairCorr |
0.65 | AMK | AssetMark Financial | PairCorr |
0.48 | V | Visa Class A Earnings Call This Week | PairCorr |
0.46 | PT | Pintec Technology | 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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 0.578 | Earnings Share 0.92 | Revenue Per Share 2.296 | Quarterly Revenue Growth 0.146 | Return On Assets 0.0563 |
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.