Topaz Cash vs Accounts Payable Analysis
| TPZ Stock | CAD 27.10 0.30 1.12% |
Topaz Energy financial indicator trend analysis is much more than just breaking down Topaz Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Topaz Energy Corp is a good investment. Please check the relationship between Topaz Energy Cash and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Topaz Energy Corp. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Topaz Energy Corp Cash account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Topaz Energy's Cash and Accounts Payable is -0.19. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Topaz Energy Corp, assuming nothing else is changed. The correlation between historical values of Topaz Energy's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Topaz Energy Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Topaz Energy's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Topaz Energy Corp, which is listed under current asset account on Topaz Energy Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Topaz Energy customers. The amounts must be unrestricted with restricted cash listed in a different Topaz Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Accounts Payable
An accounting item on the balance sheet that represents Topaz Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Topaz Energy Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Topaz Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Topaz Energy Corp 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 Topaz Energy Corp. 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, Topaz Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Discontinued Operations is likely to drop about 26.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 43.2M | 147.3M | 82.3M | 61.2M | Total Revenue | 198.6M | 356.7M | 306.7M | 212.2M |
Topaz Energy fundamental ratios Correlations
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Topaz Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Topaz 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 Topaz 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Topaz Stock
Moving against Topaz Stock
The ability to find closely correlated positions to Topaz 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 Topaz 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 Topaz 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 Topaz Energy Corp to buy it.
The correlation of Topaz 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy Corp 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 Topaz 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.Other Information on Investing in Topaz Stock
Balance Sheet is a snapshot of the financial position of Topaz Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Topaz Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Topaz 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 Topaz currently owns. An asset can also be divided into two categories, current and non-current.