Patriot Pb Ratio vs Ev To Operating Cash Flow Analysis

PMET Stock   2.06  0.09  4.19%   
Patriot Battery financial indicator trend analysis is much more than just breaking down Patriot Battery Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patriot Battery Metals is a good investment. Please check the relationship between Patriot Battery Pb Ratio and its Ev To Operating Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot Battery 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 board of governors.

Pb Ratio vs Ev To Operating Cash Flow

Pb Ratio vs Ev To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patriot Battery Metals Pb Ratio account and Ev To Operating Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between Patriot Battery's Pb Ratio and Ev To Operating Cash Flow is -0.92. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Ev To Operating Cash Flow in the same time period over historical financial statements of Patriot Battery Metals, assuming nothing else is changed. The correlation between historical values of Patriot Battery's Pb Ratio and Ev To Operating Cash Flow 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 Patriot Battery Metals are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Pb Ratio i.e., Patriot Battery's Pb Ratio and Ev To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Pb Ratio

Ev To Operating Cash Flow

A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.
Most indicators from Patriot Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patriot Battery 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot Battery 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 board of governors.
As of the 2nd of June 2025, Selling General Administrative is likely to grow to about 24.7 M. Also, Tax Provision is likely to grow to about 12.1 M

Patriot Battery fundamental ratios Correlations

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-0.85-0.94-0.95-0.820.95-0.92-0.81-0.83-0.92-0.83-0.930.16-0.78-0.92-0.91-0.830.51-0.71-0.750.51-0.90.930.510.51-0.77
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-0.77-0.68-0.66-0.780.60.51-0.73-0.79-0.78-0.73-0.78-0.730.1-0.78-0.72-0.74-0.78-0.79-0.791.0-0.370.461.01.0-0.79
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0.760.810.820.75-0.86-0.90.820.730.730.820.740.85-0.170.680.80.810.75-0.370.680.68-0.37-0.98-0.37-0.370.68
-0.79-0.84-0.85-0.780.880.93-0.85-0.76-0.76-0.85-0.77-0.880.18-0.71-0.83-0.84-0.780.46-0.71-0.710.46-0.980.460.46-0.71
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0.990.910.881.0-0.9-0.770.951.00.990.950.990.95-0.140.990.940.960.99-0.790.981.0-0.790.68-0.71-0.79-0.79
Click cells to compare fundamentals

Patriot Battery Account Relationship Matchups

Patriot Battery fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets4.4M26.6M107.7M247.9M285.1M299.4M
Other Current Liab113.9K1.9M31.1M30.4M35.0M36.7M
Total Current Liabilities153.9K2.8M35.0M30.6M35.1M36.9M
Total Stockholder Equity4.2M23.9M70.0M203.2M233.7M245.4M
Net Debt(98.1K)(11.7M)(56.7M)(72.6M)(65.4M)(62.1M)
Retained Earnings(8.9M)(12.8M)(22.9M)(20.3M)(18.3M)(19.2M)
Cash138.1K11.7M56.7M73.0M84.0M88.2M
Non Current Assets Total4.2M14.4M46.9M164.3M188.9M198.3M
Cash And Short Term Investments149.6K11.7M56.7M73.0M84.0M88.2M
Net Receivables4.1K478.5K3.9M10.0M11.5M12.0M
Common Stock Shares Outstanding8.3M37.7M89.7M121.5M139.8M146.8M
Liabilities And Stockholders Equity4.4M26.6M107.7M247.9M285.1M299.4M
Other Current Assets6.1K32.3K249K699K803.9K844.0K
Total Liab153.9K2.8M37.7M44.7M51.4M54.0M
Total Current Assets159.7K12.2M60.9M83.7M96.2M101.0M
Accumulated Other Comprehensive Income1.6M3.7M14.9M15.7M18.1M19.0M
Common Stock11.5M32.9M78.0M207.8M238.9M250.9M
Property Plant And Equipment Net4.2M14.4M588K52.3M60.2M63.2M
Accounts Payable19.2K862K3.9M30.4M35.0M36.7M

Pair Trading with Patriot Battery

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 Patriot Battery 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 Patriot Battery will appreciate offsetting losses from the drop in the long position's value.

Moving together with Patriot Stock

  0.89TECK-B Teck ResourcesPairCorr
  0.76IVN Ivanhoe MinesPairCorr

Moving against Patriot Stock

  0.55SWA Sarama ResourcePairCorr
  0.45CDB Cordoba Minerals CorpPairCorr
  0.42AND Andlauer HealthcarePairCorr
  0.36QBR-B QuebecorPairCorr
The ability to find closely correlated positions to Patriot Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patriot Battery 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 Patriot Battery - 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 Patriot Battery Metals to buy it.
The correlation of Patriot Battery 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 Patriot Battery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patriot Battery 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 Patriot Battery 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

Other Information on Investing in Patriot Stock

Balance Sheet is a snapshot of the financial position of Patriot Battery Metals at a specified time, usually calculated after every quarter, six months, or one year. Patriot Battery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Patriot Battery and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Patriot currently owns. An asset can also be divided into two categories, current and non-current.