Ranger Other Current Assets vs Other Stockholder Equity Analysis

RNGR Stock  USD 14.46  0.14  0.98%   
Ranger Energy financial indicator trend analysis is much more than just breaking down Ranger Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ranger Energy Services is a good investment. Please check the relationship between Ranger Energy Other Current Assets and its Other Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ranger Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Other Current Assets vs Other Stockholder Equity

Other Current Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ranger Energy Services Other Current Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ranger Energy's Other Current Assets and Other Stockholder Equity is 0.67. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Ranger Energy Services, assuming nothing else is changed. The correlation between historical values of Ranger Energy's Other Current Assets and Other Stockholder Equity 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 Current Assets of Ranger Energy Services are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Current Assets i.e., Ranger Energy's Other Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Other Stockholder Equity

Most indicators from Ranger Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ranger Energy Services 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 Ranger Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Ranger Energy's Tax Provision is relatively stable compared to the past year. As of 12/25/2024, Enterprise Value Over EBITDA is likely to grow to 3.81, while Issuance Of Capital Stock is likely to drop 0.00.
 2023 2024 (projected)
Depreciation And Amortization39.9M30.3M
Interest Income6.7M3.7M

Ranger Energy fundamental ratios Correlations

0.630.830.970.90.80.830.990.480.890.540.980.50.540.940.750.420.890.630.960.970.930.530.940.71-0.69
0.630.320.680.370.120.230.710.980.35-0.080.70.82-0.080.50.110.710.79-0.010.510.740.480.860.430.88-0.51
0.830.320.820.90.890.960.770.170.730.650.760.320.650.890.850.240.770.860.90.830.820.330.890.5-0.57
0.970.680.820.880.790.80.960.560.860.440.960.480.440.930.690.380.870.570.940.990.880.660.910.82-0.71
0.90.370.90.880.880.920.830.240.810.530.820.210.530.960.910.120.750.720.970.870.880.420.970.58-0.48
0.80.120.890.790.880.930.73-0.030.840.680.730.00.680.830.8-0.070.530.810.860.730.780.240.850.42-0.53
0.830.230.960.80.920.930.770.060.740.740.760.210.740.870.860.140.70.910.890.790.830.270.90.44-0.49
0.990.710.770.960.830.730.770.570.860.511.00.570.510.880.640.490.890.570.910.970.910.590.870.76-0.71
0.480.980.170.560.24-0.030.060.570.2-0.290.560.75-0.290.37-0.030.640.67-0.210.380.610.310.870.290.85-0.39
0.890.350.730.860.810.840.740.860.20.620.870.260.620.830.720.240.660.630.860.820.880.250.860.47-0.64
0.54-0.080.650.440.530.680.740.51-0.290.620.510.181.00.460.60.220.410.920.50.450.7-0.220.57-0.02-0.45
0.980.70.760.960.820.730.761.00.560.870.510.570.510.870.620.490.880.560.910.960.90.580.860.75-0.7
0.50.820.320.480.210.00.210.570.750.260.180.570.180.330.070.980.790.180.370.60.440.470.320.52-0.43
0.54-0.080.650.440.530.680.740.51-0.290.621.00.510.180.460.60.220.410.920.50.450.7-0.220.57-0.02-0.45
0.940.50.890.930.960.830.870.880.370.830.460.870.330.460.870.250.830.640.970.930.850.480.980.65-0.62
0.750.110.850.690.910.80.860.64-0.030.720.60.620.070.60.870.020.630.770.830.690.80.10.920.28-0.49
0.420.710.240.380.12-0.070.140.490.640.240.220.490.980.220.250.020.710.180.280.50.380.290.250.36-0.38
0.890.790.770.870.750.530.70.890.670.660.410.880.790.410.830.630.710.540.840.940.820.590.820.72-0.66
0.63-0.010.860.570.720.810.910.57-0.210.630.920.560.180.920.640.770.180.540.670.580.75-0.050.720.13-0.44
0.960.510.90.940.970.860.890.910.380.860.50.910.370.50.970.830.280.840.670.930.90.50.970.66-0.54
0.970.740.830.990.870.730.790.970.610.820.450.960.60.450.930.690.50.940.580.930.880.660.910.81-0.71
0.930.480.820.880.880.780.830.910.310.880.70.90.440.70.850.80.380.820.750.90.880.370.910.56-0.65
0.530.860.330.660.420.240.270.590.870.25-0.220.580.47-0.220.480.10.290.59-0.050.50.660.370.390.97-0.36
0.940.430.890.910.970.850.90.870.290.860.570.860.320.570.980.920.250.820.720.970.910.910.390.57-0.61
0.710.880.50.820.580.420.440.760.850.47-0.020.750.52-0.020.650.280.360.720.130.660.810.560.970.57-0.53
-0.69-0.51-0.57-0.71-0.48-0.53-0.49-0.71-0.39-0.64-0.45-0.7-0.43-0.45-0.62-0.49-0.38-0.66-0.44-0.54-0.71-0.65-0.36-0.61-0.53
Click cells to compare fundamentals

Ranger Energy Account Relationship Matchups

Ranger Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets293.5M240.6M393.1M381.6M378M298.1M
Short Long Term Debt Total55.6M33.5M68.3M28M14.9M14.2M
Total Current Liabilities55.1M33M102.7M74.5M69M56.6M
Other Liab700K1.8M5M4.7M5.4M5.7M
Net Tangible Assets103.9M101.9M240.8M259.1M298.0M312.9M
Property Plant And Equipment Net225.4M195.2M277.4M232.8M235.3M212.2M
Net Debt48.7M30.7M67.7M24.3M(800K)(760K)
Accounts Payable13.8M10.5M20.7M24.3M31.3M19.4M
Cash6.9M2.8M600K3.7M15.7M16.5M
Non Current Assets Total234.8M204.9M287.9M241.5M242.6M223.1M
Long Term Debt26.6M14.5M18.4M11.6M13.3M19.2M
Cash And Short Term Investments6.9M2.8M600K3.7M15.7M16.5M
Net Receivables42.7M27M93.8M118.1M85.4M57.5M
Common Stock Shares Outstanding8.6M8.5M13.6M23.4M25.0M13.4M
Long Term Debt Total7.3M51.3M30.2M11.6M13.3M21.8M
Liabilities And Stockholders Equity293.5M240.6M393.1M381.6M378M298.1M
Non Current Liabilities Total35.4M22.8M41.7M40.9M37.2M31.9M
Other Current Assets5.3M3.6M8.3M12.4M27.9M29.3M
Other Stockholder Equity121.1M120.1M256.4M258.8M243.1M178.8M
Total Liab90.5M55.8M144.4M115.4M106.2M88.4M
Property Plant And Equipment Gross225.4M189M277.4M232.8M431.9M235.5M
Total Current Assets58.7M35.7M105.2M140.1M135.4M75.0M
Short Term Debt20.9M12.5M46.3M14.1M8M7.6M
Property Plant Equipment225.4M195.2M277.4M232.8M267.7M206.4M
Non Currrent Assets Other1M1.6M100K1.2M2.7M1.3M
Capital Lease Obligations13.2M9M5.8M9.6M33.8M35.5M
Inventory3.8M2.3M2.5M5.9M6.4M4.5M
Non Current Liabilities Other700K1.8M17.5M19.7M11M7.7M
Intangible Assets9.3M8.5M7.8M7.1M6.3M6.9M
Current Deferred Revenue18.4M9.3M30.3M1.7M2.0M1.9M
Retained Earnings(8.1M)(18.4M)(8M)7.1M28.4M29.8M

Pair Trading with Ranger Energy

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 Ranger Energy 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 Ranger Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ranger Stock

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  0.87EFXT EnerflexPairCorr

Moving against Ranger Stock

  0.62DWSN Dawson GeophysicalPairCorr
  0.33WFRD Weatherford InternationalPairCorr
  0.33DTI Drilling Tools InterPairCorr
The ability to find closely correlated positions to Ranger Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ranger Energy 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 Ranger Energy - 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 Ranger Energy Services to buy it.
The correlation of Ranger Energy 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 Ranger Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ranger Energy Services 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 Ranger Energy 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

Additional Tools for Ranger Stock Analysis

When running Ranger Energy's price analysis, check to measure Ranger Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ranger Energy is operating at the current time. Most of Ranger Energy's value examination focuses on studying past and present price action to predict the probability of Ranger Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ranger Energy's price. Additionally, you may evaluate how the addition of Ranger Energy to your portfolios can decrease your overall portfolio volatility.