Headwater Change To Netincome vs Net Borrowings Analysis
HWX Stock | CAD 6.66 0.16 2.35% |
Headwater Exploration financial indicator trend analysis is much more than just examining Headwater Exploration latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Headwater Exploration is a good investment. Please check the relationship between Headwater Exploration Change To Netincome and its Net Borrowings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Headwater Exploration. 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.
Change To Netincome vs Net Borrowings
Change To Netincome vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Headwater Exploration Change To Netincome account and Net Borrowings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Headwater Exploration's Change To Netincome and Net Borrowings is 0.86. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Headwater Exploration, assuming nothing else is changed. The correlation between historical values of Headwater Exploration's Change To Netincome and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Headwater Exploration are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Netincome i.e., Headwater Exploration's Change To Netincome and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Change To Netincome
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from Headwater Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Headwater Exploration 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 Headwater Exploration. 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. At this time, Headwater Exploration's Tax Provision is very stable compared to the past year. As of the 10th of December 2024, Issuance Of Capital Stock is likely to grow to about 57.9 M, while Selling General Administrative is likely to drop about 7.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 108.1M | 266.0M | 193.3M | 203.0M | Total Revenue | 190.9M | 458.4M | 425.5M | 446.8M |
Headwater Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Headwater Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Headwater Exploration fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 128.3M | 300.7M | 488.8M | 734.7M | 836.3M | 878.2M | |
Total Stockholder Equity | 114.3M | 269.0M | 397.8M | 543.3M | 610.5M | 641.0M | |
Retained Earnings | (144.4M) | (137.7M) | (91.9M) | 46.9M | 108.5M | 113.9M | |
Other Assets | 4.4M | 3.6M | 335K | 1.4M | 1.3M | 2.1M | |
Liabilities And Stockholders Equity | 128.3M | 300.7M | 488.8M | 734.7M | 836.3M | 878.2M | |
Total Liab | 14.0M | 31.7M | 91.0M | 191.4M | 225.8M | 237.1M | |
Common Stock | 247.3M | 387.4M | 469.5M | 479.2M | 483.0M | 507.2M | |
Net Receivables | 4.5M | 5.5M | 31.4M | 43.6M | 52.3M | 54.9M | |
Common Stock Shares Outstanding | 88.8M | 145.4M | 215.9M | 230.8M | 237.7M | 249.6M | |
Total Current Assets | 66.4M | 85.2M | 147.7M | 221.6M | 200.9M | 211.0M | |
Other Current Liab | 1.7M | 14.5M | 57.1M | 40.1M | 2.5M | 2.4M | |
Total Current Liabilities | 1.8M | 14.6M | 57.9M | 112.2M | 122.3M | 128.4M | |
Property Plant And Equipment Net | 58.2M | 215.2M | 340.8M | 511.7M | 616.4M | 647.2M | |
Non Current Assets Total | 61.9M | 215.5M | 341.1M | 513.1M | 635.4M | 667.2M | |
Other Current Assets | 287K | 2.3M | 839K | 1.3M | 1.5M | 907.5K | |
Property Plant And Equipment Gross | 58.2M | 215.2M | 632.8M | 881.7M | 1.1B | 1.2B | |
Accounts Payable | 1.4M | 4.1M | 53.0M | 71.4M | 73.7M | 77.4M | |
Non Current Liabilities Total | 12.2M | 17.0M | 33.1M | 79.2M | 103.5M | 108.7M | |
Other Stockholder Equity | 11.4M | 11.7M | 14.7M | 17.3M | 19.0M | 18.0M | |
Net Debt | (60.7M) | (76.3M) | (113.2M) | (174.6M) | (134.2M) | (127.4M) | |
Cash | 61.0M | 76.8M | 114.7M | 175.4M | 146.4M | 153.7M | |
Cash And Short Term Investments | 61.0M | 76.8M | 114.7M | 175.4M | 146.4M | 153.7M | |
Inventory | 680K | 571K | 807K | 1.2M | 788K | 687.5K | |
Short Term Debt | 90K | 138K | 855K | 626K | 34K | 32.3K | |
Capital Surpluse | 11.0M | 11.4M | 11.7M | 14.7M | 16.9M | 12.7M | |
Property Plant Equipment | 58.2M | 215.2M | 340.8M | 511.7M | 588.5M | 617.9M | |
Other Liab | 12.0M | 16.7M | 32.4M | 79.0M | 90.9M | 95.4M | |
Net Tangible Assets | 114.3M | 269.0M | 397.8M | 543.3M | 624.8M | 656.1M | |
Net Invested Capital | 114.3M | 269.0M | 397.8M | 543.3M | 610.5M | 339.2M | |
Net Working Capital | 64.6M | 70.5M | 89.8M | 109.4M | 78.6M | 81.3M | |
Capital Stock | 247.3M | 387.4M | 469.5M | 479.2M | 483.0M | 424.3M |
Pair Trading with Headwater Exploration
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 Headwater Exploration 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 Headwater Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Headwater Stock
Moving against Headwater Stock
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The ability to find closely correlated positions to Headwater Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Headwater Exploration 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 Headwater Exploration - 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 Headwater Exploration to buy it.
The correlation of Headwater Exploration 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 Headwater Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Headwater Exploration 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 Headwater Exploration 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 Headwater Stock
Balance Sheet is a snapshot of the financial position of Headwater Exploration at a specified time, usually calculated after every quarter, six months, or one year. Headwater Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Headwater Exploration 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 Headwater currently owns. An asset can also be divided into two categories, current and non-current.