Headwater Other Non Cash Items vs Change In Cash 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 Other Non Cash Items and its Change In Cash 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.

Other Non Cash Items vs Change In Cash

Other Non Cash Items vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Headwater Exploration Other Non Cash Items account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Headwater Exploration's Other Non Cash Items and Change In Cash is -0.06. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Cash 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 Other Non Cash Items and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Headwater Exploration are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Other Non Cash Items i.e., Headwater Exploration's Other Non Cash Items and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Non Cash Items

Change In Cash

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 Profit108.1M266.0M193.3M203.0M
Total Revenue190.9M458.4M425.5M446.8M

Headwater Exploration fundamental ratios Correlations

1.00.82-0.360.850.980.890.980.960.950.420.981.00.99-0.050.990.970.97-0.040.78-0.890.920.920.310.780.39
1.00.79-0.340.880.970.920.970.970.950.440.971.00.99-0.040.990.960.95-0.010.75-0.890.920.920.350.750.41
0.820.79-0.260.420.860.480.840.630.710.130.860.840.840.210.850.830.860.060.78-0.60.650.650.190.830.18
-0.36-0.34-0.26-0.24-0.42-0.31-0.44-0.39-0.54-0.38-0.44-0.33-0.29-0.14-0.38-0.46-0.410.35-0.240.58-0.58-0.580.55-0.34-0.43
0.850.880.42-0.240.770.980.780.940.830.420.760.840.84-0.210.80.750.77-0.030.6-0.80.820.820.360.540.31
0.980.970.86-0.420.770.820.990.920.950.341.00.980.97-0.060.990.981.0-0.10.81-0.890.920.920.230.830.34
0.890.920.48-0.310.980.820.840.980.890.550.830.880.87-0.20.850.830.81-0.050.57-0.880.890.890.380.540.46
0.980.970.84-0.440.780.990.840.940.960.430.990.970.97-0.090.990.990.98-0.090.79-0.90.930.930.220.810.43
0.960.970.63-0.390.940.920.980.940.950.560.920.950.94-0.160.940.930.9-0.070.65-0.920.940.940.330.650.51
0.950.950.71-0.540.830.950.890.960.950.530.960.930.91-0.10.940.960.93-0.170.66-0.981.01.00.190.680.52
0.420.440.13-0.380.420.340.550.430.560.530.40.390.37-0.040.40.510.26-0.06-0.16-0.610.560.560.25-0.090.98
0.980.970.86-0.440.761.00.830.990.920.960.40.980.97-0.050.990.990.99-0.10.78-0.90.930.930.240.80.4
1.01.00.84-0.330.840.980.880.970.950.930.390.981.00.00.990.960.970.020.79-0.860.890.890.320.790.36
0.990.990.84-0.290.840.970.870.970.940.910.370.971.0-0.030.990.950.970.010.8-0.840.880.880.350.80.33
-0.05-0.040.21-0.14-0.21-0.06-0.2-0.09-0.16-0.1-0.04-0.050.0-0.03-0.05-0.09-0.080.4-0.070.1-0.11-0.11-0.290.0-0.03
0.990.990.85-0.380.80.990.850.990.940.940.40.990.990.99-0.050.980.98-0.040.81-0.870.90.90.270.820.39
0.970.960.83-0.460.750.980.830.990.930.960.510.990.960.95-0.090.980.95-0.110.72-0.910.930.930.240.760.52
0.970.950.86-0.410.771.00.810.980.90.930.260.990.970.97-0.080.980.95-0.110.85-0.860.90.90.210.860.26
-0.04-0.010.060.35-0.03-0.1-0.05-0.09-0.07-0.17-0.06-0.10.020.010.4-0.04-0.11-0.11-0.070.21-0.2-0.20.13-0.1-0.1
0.780.750.78-0.240.60.810.570.790.650.66-0.160.780.790.8-0.070.810.720.85-0.07-0.520.60.60.050.98-0.16
-0.89-0.89-0.60.58-0.8-0.89-0.88-0.9-0.92-0.98-0.61-0.9-0.86-0.840.1-0.87-0.91-0.860.21-0.52-0.99-0.99-0.18-0.55-0.59
0.920.920.65-0.580.820.920.890.930.941.00.560.930.890.88-0.110.90.930.9-0.20.6-0.991.00.170.620.54
0.920.920.65-0.580.820.920.890.930.941.00.560.930.890.88-0.110.90.930.9-0.20.6-0.991.00.170.620.54
0.310.350.190.550.360.230.380.220.330.190.250.240.320.35-0.290.270.240.210.130.05-0.180.170.17-0.020.19
0.780.750.83-0.340.540.830.540.810.650.68-0.090.80.790.80.00.820.760.86-0.10.98-0.550.620.62-0.02-0.07
0.390.410.18-0.430.310.340.460.430.510.520.980.40.360.33-0.030.390.520.26-0.1-0.16-0.590.540.540.19-0.07
Click cells to compare fundamentals

Headwater Exploration Account Relationship Matchups

Headwater Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets128.3M300.7M488.8M734.7M836.3M878.2M
Total Stockholder Equity114.3M269.0M397.8M543.3M610.5M641.0M
Retained Earnings(144.4M)(137.7M)(91.9M)46.9M108.5M113.9M
Other Assets4.4M3.6M335K1.4M1.3M2.1M
Liabilities And Stockholders Equity128.3M300.7M488.8M734.7M836.3M878.2M
Total Liab14.0M31.7M91.0M191.4M225.8M237.1M
Common Stock247.3M387.4M469.5M479.2M483.0M507.2M
Net Receivables4.5M5.5M31.4M43.6M52.3M54.9M
Common Stock Shares Outstanding88.8M145.4M215.9M230.8M237.7M249.6M
Total Current Assets66.4M85.2M147.7M221.6M200.9M211.0M
Other Current Liab1.7M14.5M57.1M40.1M2.5M2.4M
Total Current Liabilities1.8M14.6M57.9M112.2M122.3M128.4M
Property Plant And Equipment Net58.2M215.2M340.8M511.7M616.4M647.2M
Non Current Assets Total61.9M215.5M341.1M513.1M635.4M667.2M
Other Current Assets287K2.3M839K1.3M1.5M907.5K
Property Plant And Equipment Gross58.2M215.2M632.8M881.7M1.1B1.2B
Accounts Payable1.4M4.1M53.0M71.4M73.7M77.4M
Non Current Liabilities Total12.2M17.0M33.1M79.2M103.5M108.7M
Other Stockholder Equity11.4M11.7M14.7M17.3M19.0M18.0M
Net Debt(60.7M)(76.3M)(113.2M)(174.6M)(134.2M)(127.4M)
Cash61.0M76.8M114.7M175.4M146.4M153.7M
Cash And Short Term Investments61.0M76.8M114.7M175.4M146.4M153.7M
Inventory680K571K807K1.2M788K687.5K
Short Term Debt90K138K855K626K34K32.3K
Capital Surpluse11.0M11.4M11.7M14.7M16.9M12.7M
Property Plant Equipment58.2M215.2M340.8M511.7M588.5M617.9M
Other Liab12.0M16.7M32.4M79.0M90.9M95.4M
Net Tangible Assets114.3M269.0M397.8M543.3M624.8M656.1M
Net Invested Capital114.3M269.0M397.8M543.3M610.5M339.2M
Net Working Capital64.6M70.5M89.8M109.4M78.6M81.3M
Capital Stock247.3M387.4M469.5M479.2M483.0M424.3M

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

  0.79ENB-PFV Enbridge Pref 5PairCorr
  0.7ENS E Split CorpPairCorr
  0.68ENS-PA E Split CorpPairCorr

Moving against Headwater Stock

  0.64RCI-A Rogers CommunicationsPairCorr
  0.61ARA Aclara ResourcesPairCorr
  0.42SAGE Sage Potash CorpPairCorr
  0.4CCL-A CCL IndustriesPairCorr
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.
Pair CorrelationCorrelation Matching

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.