Surge Change To Netincome vs Sale Purchase Of Stock Analysis

SGY Stock  CAD 5.25  0.09  1.69%   
Surge Energy financial indicator trend analysis is much more than just breaking down Surge Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Energy is a good investment. Please check the relationship between Surge Energy Change To Netincome and its Sale Purchase Of Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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 Sale Purchase Of Stock

Change To Netincome vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Energy Change To Netincome account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have no relationship.
The correlation between Surge Energy's Change To Netincome and Sale Purchase Of Stock is 0.01. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Surge Energy, assuming nothing else is changed. The correlation between historical values of Surge Energy's Change To Netincome and Sale Purchase Of Stock 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 Surge Energy are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Change To Netincome i.e., Surge Energy's Change To Netincome and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change To Netincome

Sale Purchase Of Stock

Most indicators from Surge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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, Surge Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 3.15, while Selling General Administrative is likely to drop about 18 M.
 2021 2022 2023 2024 (projected)
Gross Profit244.0M464.6M348.6M366.1M
Total Revenue414.6M734.5M558.6M586.6M

Surge Energy fundamental ratios Correlations

0.080.890.7-0.310.62-0.311.00.21-0.120.740.510.640.730.840.730.510.920.830.460.72-0.390.6-0.270.720.72
0.08-0.320.51-0.760.44-0.50.07-0.54-0.460.390.330.450.590.240.470.570.10.310.010.220.340.140.020.460.47
0.89-0.320.340.030.420.040.890.370.120.540.370.430.370.660.390.310.80.550.420.6-0.480.53-0.270.490.49
0.70.510.34-0.490.43-0.610.690.02-0.270.720.220.590.970.670.990.470.770.950.110.35-0.090.440.160.650.62
-0.31-0.760.03-0.49-0.480.78-0.310.330.87-0.36-0.7-0.8-0.58-0.26-0.44-0.38-0.21-0.4-0.36-0.540.22-0.160.29-0.81-0.83
0.620.440.420.43-0.48-0.350.61-0.24-0.240.710.780.50.540.730.430.540.450.480.470.870.010.41-0.50.480.58
-0.31-0.50.04-0.610.78-0.35-0.32-0.080.75-0.21-0.51-0.67-0.62-0.14-0.57-0.1-0.27-0.54-0.29-0.410.19-0.120.18-0.64-0.65
1.00.070.890.69-0.310.61-0.320.23-0.130.730.510.650.720.820.730.50.920.820.460.72-0.40.6-0.270.720.72
0.21-0.540.370.020.33-0.24-0.080.230.29-0.32-0.110.02-0.07-0.110.08-0.470.210.110.27-0.09-0.240.01-0.05-0.04-0.09
-0.12-0.460.12-0.270.87-0.240.75-0.130.29-0.16-0.65-0.66-0.33-0.05-0.2-0.08-0.02-0.21-0.26-0.430.450.140.29-0.69-0.72
0.740.390.540.72-0.360.71-0.210.73-0.32-0.160.420.550.80.850.710.640.790.790.10.62-0.150.490.060.590.63
0.510.330.370.22-0.70.78-0.510.51-0.11-0.650.420.660.340.490.220.310.260.280.70.91-0.380.09-0.740.670.76
0.640.450.430.59-0.80.5-0.670.650.02-0.660.550.660.70.410.580.330.640.650.460.63-0.40.46-0.160.940.94
0.730.590.370.97-0.580.54-0.620.72-0.07-0.330.80.340.70.70.970.570.810.950.150.47-0.10.490.120.740.72
0.840.240.660.67-0.260.73-0.140.82-0.11-0.050.850.490.410.70.70.570.740.730.40.68-0.250.42-0.280.540.56
0.730.470.390.99-0.440.43-0.570.730.08-0.20.710.220.580.970.70.480.80.960.150.36-0.10.460.130.640.61
0.510.570.310.47-0.380.54-0.10.5-0.47-0.080.640.310.330.570.570.480.490.460.00.510.10.31-0.080.470.49
0.920.10.80.77-0.210.45-0.270.920.21-0.020.790.260.640.810.740.80.490.910.20.51-0.320.620.10.670.65
0.830.310.550.95-0.40.48-0.540.820.11-0.210.790.280.650.950.730.960.460.910.190.48-0.240.520.120.690.67
0.460.010.420.11-0.360.47-0.290.460.27-0.260.10.70.460.150.40.150.00.20.190.63-0.270.21-0.810.450.45
0.720.220.60.35-0.540.87-0.410.72-0.09-0.430.620.910.630.470.680.360.510.510.480.63-0.390.27-0.650.660.75
-0.390.34-0.48-0.090.220.010.19-0.4-0.240.45-0.15-0.38-0.4-0.1-0.25-0.10.1-0.32-0.24-0.27-0.390.170.22-0.52-0.52
0.60.140.530.44-0.160.41-0.120.60.010.140.490.090.460.490.420.460.310.620.520.210.270.170.060.370.33
-0.270.02-0.270.160.29-0.50.18-0.27-0.050.290.06-0.74-0.160.12-0.280.13-0.080.10.12-0.81-0.650.220.06-0.24-0.28
0.720.460.490.65-0.810.48-0.640.72-0.04-0.690.590.670.940.740.540.640.470.670.690.450.66-0.520.37-0.240.99
0.720.470.490.62-0.830.58-0.650.72-0.09-0.720.630.760.940.720.560.610.490.650.670.450.75-0.520.33-0.280.99
Click cells to compare fundamentals

Surge Energy Account Relationship Matchups

Surge Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B708.0M1.3B1.6B1.5B1.6B
Total Current Liabilities60.3M343.9M180.0M141.4M122.1M72.4M
Total Stockholder Equity671.3M(66.2M)513.4M838.3M844.0M886.2M
Net Debt478.5M446.4M368.1M376.7M282.2M183.2M
Retained Earnings(853.7M)(1.6B)(1.2B)(988.8M)(1.0B)(969.5M)
Accounts Payable40.8M51.3M84.3M93.4M85.4M89.7M
Non Current Assets Total1.4B672.9M1.2B1.5B1.4B1.5B
Non Currrent Assets Other191K(672.9M)(1.2B)660K67.1M70.4M
Cash And Short Term Investments(46.7M)(40.8M)(31.1M)(28.8M)(25.9M)(24.6M)
Net Receivables41.5M29.8M55.7M60.6M46.8M23.9M
Common Stock Shares Outstanding37.3M39.5M56.0M87.0M101.0M106.1M
Liabilities And Stockholders Equity1.4B708.0M1.3B1.6B1.5B1.6B
Other Stockholder Equity52.2M52.1M52.1M59.0M67.5M38.6M
Total Liab754.5M774.2M762.1M711.8M636.8M341.4M
Total Current Assets47.4M35.0M58.9M65.1M63.4M66.6M
Short Long Term Debt Total431.8M405.6M337.1M347.9M282.2M192.2M
Other Current Liab2.7M22.9M34.3M16.8M16.3M16.8M
Property Plant And Equipment Net1.3B672.9M1.2B1.4B1.4B714.6M
Non Current Liabilities Total694.2M430.3M582.0M570.3M514.7M279.8M
Other Current Assets5.9M5.3M3.2M4.5M16.7M17.5M
Property Plant And Equipment Gross1.5B1.3B672.9M2.8B3.2B3.4B
Accumulated Other Comprehensive Income(872.9M)(1.1B)6.3M2.7M6.4M6.7M
Short Term Debt8.1M269.7M61.4M31.3M20.4M19.4M
Common Stock Total Equity1.3B1.4B1.5B1.5B1.7B1.3B
Common Stock1.5B1.5B1.7B1.8B1.8B1.5B
Other Liab270.5M294.4M298.7M253.7M291.7M240.8M
Net Tangible Assets671.3M(66.2M)513.4M838.3M754.5M567.1M
Long Term Debt385.1M103.9M260.0M294.3M264.8M231.2M
Property Plant Equipment1.3B672.9M1.2B1.4B1.3B1.0B
Other Assets2.9M42.6M0.077.1M88.6M93.0M
Long Term Debt Total423.7M135.9M283.4M316.7M364.2M297.3M
Capital Surpluse52.2M52.1M52.1M59.0M67.8M53.6M
Inventory46.7M40.8M31.1M28.8M33.1M27.6M
Net Invested Capital1.1B298.6M819.4M1.2B1.0B751.3M
Net Working Capital(12.9M)(308.8M)(121.1M)(76.3M)(68.7M)(72.1M)

Pair Trading with Surge 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 Surge 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Surge Stock

  0.55ENS E Split CorpPairCorr
  0.53ENS-PA E Split CorpPairCorr
  0.49BUI Buhler IndustriesPairCorr
  0.32ENB-PFV Enbridge Pref 5PairCorr
The ability to find closely correlated positions to Surge 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 Surge 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 Surge 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 Surge Energy to buy it.
The correlation of Surge 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy 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 Surge 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

Other Information on Investing in Surge Stock

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