Patriot Roe vs Ptb Ratio 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 Roe and its Ptb Ratio 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.
Roe vs Ptb Ratio
Roe vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patriot Battery Metals Roe account and Ptb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Patriot Battery's Roe and Ptb Ratio is 0.27. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ptb Ratio 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 Roe and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Patriot Battery Metals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Roe i.e., Patriot Battery's Roe and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Roe
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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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Patriot Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patriot Battery fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 4.4M | 26.6M | 107.7M | 247.9M | 285.1M | 299.4M | |
| Other Current Liab | 113.9K | 1.9M | 31.1M | 30.4M | 35.0M | 36.7M | |
| Total Current Liabilities | 153.9K | 2.8M | 35.0M | 30.6M | 35.1M | 36.9M | |
| Total Stockholder Equity | 4.2M | 23.9M | 70.0M | 203.2M | 233.7M | 245.4M | |
| 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) | |
| Cash | 138.1K | 11.7M | 56.7M | 73.0M | 84.0M | 88.2M | |
| Non Current Assets Total | 4.2M | 14.4M | 46.9M | 164.3M | 188.9M | 198.3M | |
| Cash And Short Term Investments | 149.6K | 11.7M | 56.7M | 73.0M | 84.0M | 88.2M | |
| Net Receivables | 4.1K | 478.5K | 3.9M | 10.0M | 11.5M | 12.0M | |
| Common Stock Shares Outstanding | 8.3M | 37.7M | 89.7M | 121.5M | 139.8M | 146.8M | |
| Liabilities And Stockholders Equity | 4.4M | 26.6M | 107.7M | 247.9M | 285.1M | 299.4M | |
| Other Current Assets | 6.1K | 32.3K | 249K | 699K | 803.9K | 844.0K | |
| Total Liab | 153.9K | 2.8M | 37.7M | 44.7M | 51.4M | 54.0M | |
| Total Current Assets | 159.7K | 12.2M | 60.9M | 83.7M | 96.2M | 101.0M | |
| Accumulated Other Comprehensive Income | 1.6M | 3.7M | 14.9M | 15.7M | 18.1M | 19.0M | |
| Common Stock | 11.5M | 32.9M | 78.0M | 207.8M | 238.9M | 250.9M | |
| Property Plant And Equipment Net | 4.2M | 14.4M | 588K | 52.3M | 60.2M | 63.2M | |
| Accounts Payable | 19.2K | 862K | 3.9M | 30.4M | 35.0M | 36.7M |
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
Moving against Patriot Stock
| 0.55 | SWA | Sarama Resource | PairCorr |
| 0.45 | CDB | Cordoba Minerals Corp | PairCorr |
| 0.42 | AND | Andlauer Healthcare | PairCorr |
| 0.36 | QBR-B | Quebecor | PairCorr |
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.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.