Greenfire Dividend Yield vs Capex To Operating Cash Flow Analysis

GFR Stock   9.51  0.13  1.35%   
Greenfire Resources financial indicator trend analysis is much more than just examining Greenfire Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenfire Resources is a good investment. Please check the relationship between Greenfire Resources Dividend Yield and its Capex To Operating Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. 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.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.

Dividend Yield vs Capex To Operating Cash Flow

Dividend Yield vs Capex To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenfire Resources Dividend Yield account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Greenfire Resources' Dividend Yield and Capex To Operating Cash Flow is -0.65. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of Greenfire Resources, assuming nothing else is changed. The correlation between historical values of Greenfire Resources' Dividend Yield and Capex 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 Dividend Yield of Greenfire Resources are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Dividend Yield i.e., Greenfire Resources' Dividend Yield and Capex To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Dividend Yield

Dividend Yield is Greenfire Resources dividend as a percentage of Greenfire Resources stock price. Greenfire Resources dividend yield is a measure of Greenfire Resources stock productivity, which can be interpreted as interest rate earned on an Greenfire Resources investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Capex To Operating Cash Flow

Most indicators from Greenfire Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenfire Resources 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. 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.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.At this time, Greenfire Resources' Tax Provision is very stable compared to the past year. As of the 16th of December 2024, Issuance Of Capital Stock is likely to grow to about 81 M, while Selling General Administrative is likely to drop about 67.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit512.7M279.5M321.4M341.6M
Total Revenue998.8M676.0M777.4M713.3M

Greenfire Resources fundamental ratios Correlations

Greenfire Resources Account Relationship Matchups

Pair Trading with Greenfire Resources

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 Greenfire Resources 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources 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 Greenfire Resources - 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 Greenfire Resources to buy it.
The correlation of Greenfire Resources 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources 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 Greenfire Resources 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
When determining whether Greenfire Resources is a strong investment it is important to analyze Greenfire Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Greenfire Resources' future performance. For an informed investment choice regarding Greenfire Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. 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.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Please note, there is a significant difference between Greenfire Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenfire Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenfire Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.