Torr Pb Ratio vs Book Value Per Share Analysis

TMET Stock

0.14 0.03 27.27%

Torr Metals financial indicator trend analysis is much more than just breaking down Torr Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torr Metals is a good investment. Please check the relationship between Torr Metals Pb Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torr Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Pb Ratio vs Book Value Per Share

Pb Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torr Metals Pb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have pay attention.

The correlation between Torr Metals' Pb Ratio and Book Value Per Share is -0.76. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Torr Metals, assuming nothing else is changed. The correlation between historical values of Torr Metals' Pb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Torr Metals are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pb Ratio i.e., Torr Metals' Pb Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

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Pb Ratio

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Torr Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torr Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Torr Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Selling General Administrative is likely to climb to about 526 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 874.9 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	11.3K	104.1K	119.8K	125.7K
Net Interest Income	11.3K	104.1K	119.8K	125.7K

Interest Income Net Interest Income

Torr Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Net Tangible Assets	Net Receivables	Other Stockholder Equity	Common Stock	Other Current Liab	Property Plant Equipment	Non Currrent Assets Other	Other Assets
Total Assets		0.98	1.0	-0.97	0.9	1.0	0.98	1.0	0.9	1.0	0.88	0.97	0.98	0.97	0.97	0.83	0.84	-0.7	-0.7
Total Current Liabilities	0.98		0.98	-0.94	0.82	0.98	1.0	0.98	0.82	0.98	0.79	0.93	0.95	0.92	0.93	0.9	0.91	-0.76	-0.76
Total Stockholder Equity	1.0	0.98		-0.97	0.9	1.0	0.98	1.0	0.9	1.0	0.89	0.97	0.98	0.97	0.97	0.82	0.83	-0.7	-0.7
Retained Earnings	-0.97	-0.94	-0.97		-0.94	-0.97	-0.94	-0.97	-0.94	-0.97	-0.93	-0.97	-0.95	-0.98	-0.97	-0.79	-0.78	0.56	0.56
Cash	0.9	0.82	0.9	-0.94		0.89	0.82	0.9	1.0	0.9	1.0	0.96	0.93	0.97	0.96	0.68	0.67	-0.37	-0.37
Common Stock Shares Outstanding	1.0	0.98	1.0	-0.97	0.89		0.98	1.0	0.89	1.0	0.87	0.96	0.97	0.96	0.96	0.84	0.85	-0.72	-0.72
Total Liab	0.98	1.0	0.98	-0.94	0.82	0.98		0.98	0.82	0.98	0.79	0.93	0.95	0.92	0.93	0.9	0.91	-0.76	-0.76
Net Invested Capital	1.0	0.98	1.0	-0.97	0.9	1.0	0.98		0.9	1.0	0.89	0.97	0.98	0.97	0.97	0.82	0.83	-0.7	-0.7
Total Current Assets	0.9	0.82	0.9	-0.94	1.0	0.89	0.82	0.9		0.9	1.0	0.96	0.93	0.97	0.96	0.68	0.67	-0.37	-0.37
Capital Stock	1.0	0.98	1.0	-0.97	0.9	1.0	0.98	1.0	0.9		0.88	0.97	0.98	0.97	0.97	0.83	0.84	-0.7	-0.7
Net Working Capital	0.88	0.79	0.89	-0.93	1.0	0.87	0.79	0.89	1.0	0.88		0.94	0.91	0.96	0.94	0.63	0.62	-0.35	-0.35
Net Tangible Assets	0.97	0.93	0.97	-0.97	0.96	0.96	0.93	0.97	0.96	0.97	0.94		0.99	1.0	1.0	0.84	0.83	-0.52	-0.52
Net Receivables	0.98	0.95	0.98	-0.95	0.93	0.97	0.95	0.98	0.93	0.98	0.91	0.99		0.98	0.99	0.86	0.88	-0.63	-0.63
Other Stockholder Equity	0.97	0.92	0.97	-0.98	0.97	0.96	0.92	0.97	0.97	0.97	0.96	1.0	0.98		1.0	0.81	0.81	-0.53	-0.53
Common Stock	0.97	0.93	0.97	-0.97	0.96	0.96	0.93	0.97	0.96	0.97	0.94	1.0	0.99	1.0		0.84	0.84	-0.52	-0.52
Other Current Liab	0.83	0.9	0.82	-0.79	0.68	0.84	0.9	0.82	0.68	0.83	0.63	0.84	0.86	0.81	0.84		0.99	-0.58	-0.58
Property Plant Equipment	0.84	0.91	0.83	-0.78	0.67	0.85	0.91	0.83	0.67	0.84	0.62	0.83	0.88	0.81	0.84	0.99		-0.66	-0.66
Non Currrent Assets Other	-0.7	-0.76	-0.7	0.56	-0.37	-0.72	-0.76	-0.7	-0.37	-0.7	-0.35	-0.52	-0.63	-0.53	-0.52	-0.58	-0.66		1.0
Other Assets	-0.7	-0.76	-0.7	0.56	-0.37	-0.72	-0.76	-0.7	-0.37	-0.7	-0.35	-0.52	-0.63	-0.53	-0.52	-0.58	-0.66	1.0

Click cells to compare fundamentals

Torr Metals Account Relationship Matchups

Torr Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	334.4K	257.3K	8.3M	9.1M	10.4M	11.0M
Total Current Liabilities	55.1K	14.4K	231.4K	421.2K	484.3K	508.6K
Total Stockholder Equity	279.3K	242.8K	8.0M	8.7M	10.0M	10.5M
Retained Earnings	(185.2K)	(221.7K)	(960.5K)	(1.0M)	(941.0K)	(894.0K)
Accounts Payable	11.1K	14.4K	111.1K	28.2K	32.5K	36.3K
Cash	332.9K	256.6K	3.1M	2.2M	2.6M	1.3M
Total Liab	55.1K	14.4K	231.4K	421.2K	484.3K	508.6K
Net Invested Capital	279.3K	242.8K	8.0M	8.7M	10.0M	10.5M
Total Current Assets	334.4K	257.3K	3.2M	2.3M	2.6M	1.4M
Net Working Capital	279.3K	242.8K	3.0M	1.9M	2.1M	1.2M

Pair Trading with Torr Metals

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 Torr Metals 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 Torr Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Torr Stock

0.75	FDY	Faraday Copper Corp	Pair Corr
0.85	GOOG	Alphabet CDR	Pair Corr
0.72	NVDA	NVIDIA CDR	Pair Corr

Moving against Torr Stock

0.48	PYPL	PayPal Holdings CDR	Pair Corr
0.37	HD	HOME DEPOT CDR	Pair Corr

The ability to find closely correlated positions to Torr Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Torr Metals 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 Torr Metals - 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 Torr Metals to buy it.

The correlation of Torr Metals 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 Torr Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torr Metals 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 Torr Metals 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 Correlation Correlation Matching

Additional Tools for Torr Stock Analysis

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

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