Prairie Financial Statements From 2010 to 2025
| PPR Stock | CAD 0.03 0.01 16.67% |
Check Prairie Provident financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Prairie Provident's main balance sheet or income statement drivers, such as , as well as many indicators such as . Prairie financial statements analysis is a perfect complement when working with Prairie Provident Valuation or Volatility modules.
Prairie |
Prairie Provident Resources Company Return On Asset Analysis
Prairie Provident's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Prairie Provident Return On Asset | -0.0442 |
Most of Prairie Provident's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Prairie Provident Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Prairie Provident Resources has a Return On Asset of -0.0442. This is 210.5% lower than that of the Oil, Gas & Consumable Fuels sector and 99.39% lower than that of the Energy industry. The return on asset for all Canada stocks is 68.43% lower than that of the firm.
Prairie Provident Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Prairie Provident's current stock value. Our valuation model uses many indicators to compare Prairie Provident value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Prairie Provident competition to find correlations between indicators driving Prairie Provident's intrinsic value. More Info.Prairie Provident Resources is rated below average in return on asset category among its peers. It also is rated below average in profit margin category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Prairie Provident by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Prairie Provident's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Prairie Provident Financial Statements
Prairie Provident investors utilize fundamental indicators, such as revenue or net income, to predict how Prairie Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Prairie Provident Resources Inc. explores for and develops oil and natural gas properties primarily in Alberta. The company was incorporated in 2016 and is headquartered in Calgary, Canada. PRAIRIE PROVIDENT operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 41 people.
Pair Trading with Prairie Provident
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 Prairie Provident 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 Prairie Provident will appreciate offsetting losses from the drop in the long position's value.Moving against Prairie Stock
| 0.46 | ATH | Athabasca Oil Corp | PairCorr |
| 0.38 | TD | Toronto Dominion Bank | PairCorr |
| 0.31 | ENS | E Split Corp | PairCorr |
The ability to find closely correlated positions to Prairie Provident could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prairie Provident 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 Prairie Provident - 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 Prairie Provident Resources to buy it.
The correlation of Prairie Provident 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 Prairie Provident moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prairie Provident 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 Prairie Provident 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 Prairie Stock
Prairie Provident financial ratios help investors to determine whether Prairie Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prairie with respect to the benefits of owning Prairie Provident security.