PyroGenesis Current Deferred Revenue vs Intangible Assets Analysis

PYR Stock

CAD 0.31 0.01 3.33%

PyroGenesis Canada financial indicator trend analysis is much more than just breaking down PyroGenesis Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PyroGenesis Canada is a good investment. Please check the relationship between PyroGenesis Canada Current Deferred Revenue and its Intangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PyroGenesis Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Current Deferred Revenue vs Intangible Assets

Current Deferred Revenue vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PyroGenesis Canada Current Deferred Revenue account and Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between PyroGenesis Canada's Current Deferred Revenue and Intangible Assets is -0.27. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of PyroGenesis Canada, assuming nothing else is changed. The correlation between historical values of PyroGenesis Canada's Current Deferred Revenue and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of PyroGenesis Canada are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Current Deferred Revenue i.e., PyroGenesis Canada's Current Deferred Revenue and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from PyroGenesis Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PyroGenesis Canada 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 PyroGenesis Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Tax Provision is expected to grow at the current pace this year, while Selling General Administrative is likely to drop about 8.9 M.

	2023	2024	2025	2026 (projected)
Cost Of Revenue	8.9M	10.4M	11.9M	7.9M
Depreciation And Amortization	1.5M	502.7K	452.4K	429.8K

Cost Of Revenue Depreciation And Amortization

PyroGenesis Canada fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Liab	Other Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Current Liabilities Total	Intangible Assets	Current Deferred Revenue	Non Currrent Assets Other	Common Stock Total Equity	Inventory
Total Assets		0.55	0.87	-0.65	-0.31	0.41	0.91	0.91	0.73	0.69	0.76	0.48	0.54	0.9	0.22	0.37	0.42	-0.07	0.79	0.93	-0.08	-0.21	0.6	0.35	0.7	0.49
Total Current Liabilities	0.55		0.11	0.11	-0.91	0.96	0.28	0.28	0.86	0.76	0.91	0.98	0.98	0.8	0.84	0.93	0.65	0.33	0.84	0.33	-0.18	-0.37	0.96	0.37	0.92	0.89
Total Stockholder Equity	0.87	0.11		-0.91	0.16	-0.03	0.95	0.95	0.4	0.34	0.42	0.05	0.09	0.64	-0.16	-0.07	0.07	-0.36	0.43	0.94	-0.1	-0.08	0.19	0.24	0.36	0.12
Net Debt	-0.65	0.11	-0.91		-0.33	0.25	-0.84	-0.85	-0.12	-0.15	-0.22	0.13	0.19	-0.4	0.32	0.25	0.1	0.54	-0.19	-0.8	0.25	0.15	0.02	-0.24	-0.18	0.05
Retained Earnings	-0.31	-0.91	0.16	-0.33		-0.91	-0.01	0.0	-0.69	-0.76	-0.77	-0.94	-0.9	-0.58	-0.75	-0.93	-0.73	-0.33	-0.74	-0.06	0.18	0.48	-0.87	-0.43	-0.83	-0.83
Accounts Payable	0.41	0.96	-0.03	0.25	-0.91		0.15	0.15	0.78	0.65	0.85	0.96	0.96	0.7	0.83	0.93	0.56	0.42	0.75	0.2	-0.1	-0.28	0.93	0.29	0.85	0.91
Cash	0.91	0.28	0.95	-0.84	-0.01	0.15		1.0	0.45	0.46	0.56	0.23	0.27	0.72	-0.01	0.14	0.15	-0.24	0.53	0.96	-0.11	-0.16	0.36	0.29	0.5	0.29
Cash And Short Term Investments	0.91	0.28	0.95	-0.85	0.0	0.15	1.0		0.44	0.44	0.56	0.22	0.26	0.72	-0.01	0.13	0.15	-0.23	0.52	0.97	-0.1	-0.15	0.36	0.27	0.49	0.29
Net Receivables	0.73	0.86	0.4	-0.12	-0.69	0.78	0.45	0.44		0.68	0.86	0.81	0.84	0.94	0.61	0.68	0.62	0.18	0.83	0.5	-0.09	-0.18	0.84	0.33	0.8	0.72
Common Stock Shares Outstanding	0.69	0.76	0.34	-0.15	-0.76	0.65	0.46	0.44	0.68		0.74	0.73	0.74	0.71	0.51	0.67	0.66	0.01	0.88	0.47	-0.34	-0.67	0.72	0.62	0.86	0.63
Short Term Investments	0.76	0.91	0.42	-0.22	-0.77	0.85	0.56	0.56	0.86	0.74		0.92	0.89	0.92	0.6	0.84	0.65	0.22	0.85	0.62	-0.08	-0.29	0.96	0.38	0.93	0.91
Other Stockholder Equity	0.48	0.98	0.05	0.13	-0.94	0.96	0.23	0.22	0.81	0.73	0.92		0.96	0.76	0.76	0.96	0.68	0.32	0.78	0.27	-0.14	-0.38	0.97	0.39	0.91	0.94
Total Liab	0.54	0.98	0.09	0.19	-0.9	0.96	0.27	0.26	0.84	0.74	0.89	0.96		0.79	0.78	0.93	0.67	0.41	0.82	0.32	-0.03	-0.29	0.96	0.32	0.88	0.88
Total Current Assets	0.9	0.8	0.64	-0.4	-0.58	0.7	0.72	0.72	0.94	0.71	0.92	0.76	0.79		0.49	0.64	0.58	0.07	0.85	0.74	-0.1	-0.22	0.83	0.38	0.84	0.72
Short Term Debt	0.22	0.84	-0.16	0.32	-0.75	0.83	-0.01	-0.01	0.61	0.51	0.6	0.76	0.78	0.49		0.75	0.31	0.37	0.61	0.05	-0.34	-0.31	0.69	0.2	0.67	0.68
Other Current Liab	0.37	0.93	-0.07	0.25	-0.93	0.93	0.14	0.13	0.68	0.67	0.84	0.96	0.93	0.64	0.75		0.7	0.35	0.67	0.16	-0.14	-0.36	0.91	0.36	0.83	0.91
Other Current Assets	0.42	0.65	0.07	0.1	-0.73	0.56	0.15	0.15	0.62	0.66	0.65	0.68	0.67	0.58	0.31	0.7		0.27	0.66	0.18	0.1	-0.26	0.69	0.33	0.62	0.54
Short Long Term Debt Total	-0.07	0.33	-0.36	0.54	-0.33	0.42	-0.24	-0.23	0.18	0.01	0.22	0.32	0.41	0.07	0.37	0.35	0.27		0.28	-0.15	0.68	0.5	0.37	-0.51	0.08	0.3
Property Plant And Equipment Net	0.79	0.84	0.43	-0.19	-0.74	0.75	0.53	0.52	0.83	0.88	0.85	0.78	0.82	0.85	0.61	0.67	0.66	0.28		0.59	-0.1	-0.33	0.84	0.34	0.88	0.68
Non Current Assets Total	0.93	0.33	0.94	-0.8	-0.06	0.2	0.96	0.97	0.5	0.47	0.62	0.27	0.32	0.74	0.05	0.16	0.18	-0.15	0.59		-0.02	-0.1	0.42	0.22	0.55	0.34
Non Current Liabilities Total	-0.08	-0.18	-0.1	0.25	0.18	-0.1	-0.11	-0.1	-0.09	-0.34	-0.08	-0.14	-0.03	-0.1	-0.34	-0.14	0.1	0.68	-0.1	-0.02		0.76	-0.02	-0.61	-0.3	-0.11
Intangible Assets	-0.21	-0.37	-0.08	0.15	0.48	-0.28	-0.16	-0.15	-0.18	-0.67	-0.29	-0.38	-0.29	-0.22	-0.31	-0.36	-0.26	0.5	-0.33	-0.1	0.76		-0.27	-0.81	-0.54	-0.3
Current Deferred Revenue	0.6	0.96	0.19	0.02	-0.87	0.93	0.36	0.36	0.84	0.72	0.96	0.97	0.96	0.83	0.69	0.91	0.69	0.37	0.84	0.42	-0.02	-0.27		0.32	0.92	0.91
Non Currrent Assets Other	0.35	0.37	0.24	-0.24	-0.43	0.29	0.29	0.27	0.33	0.62	0.38	0.39	0.32	0.38	0.2	0.36	0.33	-0.51	0.34	0.22	-0.61	-0.81	0.32		0.54	0.39
Common Stock Total Equity	0.7	0.92	0.36	-0.18	-0.83	0.85	0.5	0.49	0.8	0.86	0.93	0.91	0.88	0.84	0.67	0.83	0.62	0.08	0.88	0.55	-0.3	-0.54	0.92	0.54		0.85
Inventory	0.49	0.89	0.12	0.05	-0.83	0.91	0.29	0.29	0.72	0.63	0.91	0.94	0.88	0.72	0.68	0.91	0.54	0.3	0.68	0.34	-0.11	-0.3	0.91	0.39	0.85

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PyroGenesis Canada Account Relationship Matchups

PyroGenesis Canada fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	69.8M	47.7M	28.4M	29.2M	33.6M	18.7M
Total Current Liabilities	24.8M	25.8M	23.8M	28.6M	32.9M	34.5M
Total Stockholder Equity	40.8M	16.9M	(2.8M)	(3.5M)	(4.0M)	(3.8M)
Net Debt	(5.0M)	3.5M	7.4M	6.0M	6.9M	7.3M
Retained Earnings	(61.2M)	(93.4M)	(121.9M)	(128.6M)	(115.7M)	(109.9M)
Accounts Payable	4.7M	5.2M	4.9M	7.5M	8.6M	9.0M
Cash	12.2M	3.4M	1.8M	3.0M	3.4M	2.7M
Cash And Short Term Investments	12.2M	3.4M	1.8M	3.0M	3.4M	2.8M
Net Receivables	23.6M	20.9M	9.5M	12.6M	14.5M	15.2M
Common Stock Shares Outstanding	166.6M	171.0M	177.8M	166.9M	191.9M	98.5M
Liabilities And Stockholders Equity	69.8M	47.7M	28.4M	29.2M	33.6M	18.7M
Other Stockholder Equity	19.9M	24.5M	27.6M	29.6M	34.0M	35.7M
Total Liab	29.0M	30.8M	31.3M	32.7M	37.6M	39.4M
Total Current Assets	38.8M	27.4M	16.8M	19.4M	22.3M	23.4M
Short Term Debt	3.0M	3.7M	1.7M	4.9M	5.7M	5.9M
Other Current Liab	7.6M	7.0M	17.2M	16.2M	18.6M	19.6M
Other Current Assets	2.0M	1.2M	3.6M	1.3M	1.5M	804.8K
Short Long Term Debt Total	5.5M	6.9M	9.2M	9.0M	10.4M	6.7M
Property Plant And Equipment Net	9.5M	8.2M	7.1M	7.6M	8.7M	4.4M
Non Current Assets Total	31.0M	20.2M	11.6M	9.8M	11.3M	13.2M
Non Current Liabilities Total	4.2M	5.0M	7.5M	4.1M	3.7M	3.7M
Accumulated Other Comprehensive Income	3.4K	223.6K	803.7K	695.0K	625.5K	656.7K
Intangible Assets	2.8M	2.1M	1.4M	1.6M	1.4M	1.8M
Current Deferred Revenue	6.6M	9.4M	9.7M	11.0M	12.6M	13.3M
Non Currrent Assets Other	1.2M	998.3K	575.1K	628.4K	722.6K	758.8K
Inventory	887.6K	1.9M	1.9M	2.5M	2.9M	3.1M
Common Stock	82.1M	85.5M	90.7M	94.8M	109.0M	114.5M
Long Term Debt	107.9K	320.1K	2.9M	892.2K	803.0K	1.1M
Long Term Debt Total	2.5M	3.2M	7.5M	4.1M	4.7M	3.7M
Capital Surpluse	19.9M	24.5M	27.6M	29.6M	34.0M	35.7M
Property Plant Equipment	9.5M	8.2M	7.1M	7.6M	8.7M	5.6M
Long Term Investments	16.6M	14.9M	6.2M	2.6M	2.9M	2.8M
Short Long Term Debt	12.2K	83.0K	1.1M	1.2M	1.1M	1.2M
Net Invested Capital	59.5M	42.7M	18.3M	1.3M	1.5M	1.4M

Pair Trading with PyroGenesis Canada

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 PyroGenesis Canada 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 PyroGenesis Canada will appreciate offsetting losses from the drop in the long position's value.

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

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

Other Information on Investing in PyroGenesis Stock

Balance Sheet is a snapshot of the financial position of PyroGenesis Canada at a specified time, usually calculated after every quarter, six months, or one year. PyroGenesis Canada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PyroGenesis Canada 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 PyroGenesis currently owns. An asset can also be divided into two categories, current and non-current.

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PyroGenesis Current Deferred Revenue vs Intangible Assets Analysis

Current Deferred Revenue vs Intangible Assets

Current Deferred Revenue vs Intangible Assets Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Intangible Assets

PyroGenesis Canada fundamental ratios Correlations

PyroGenesis Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PyroGenesis Canada fundamental ratios Accounts

Pair Trading with PyroGenesis Canada

Other Information on Investing in PyroGenesis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Total Current Liabilities
Non Current Assets Total	+ 0.97	Cash And Short Term Investments
Current Deferred Revenue	+ 0.97	Other Stockholder Equity
Accounts Payable	+ 0.96	Total Current Liabilities

Other Stockholder Equity	- 0.94	Retained Earnings
Other Current Liab	- 0.93	Retained Earnings
Accounts Payable	- 0.91	Retained Earnings
Net Debt	- 0.91	Total Stockholder Equity
Retained Earnings	- 0.91	Total Current Liabilities
Total Liab	- 0.9	Retained Earnings