Tamarack Free Cash Flow Yield vs Capex To Depreciation Analysis
| TVE Stock | CAD 4.46 0.07 1.59% |
Tamarack Valley financial indicator trend analysis is much more than just breaking down Tamarack Valley Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tamarack Valley Energy is a good investment. Please check the relationship between Tamarack Valley Free Cash Flow Yield and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamarack Valley 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.
Free Cash Flow Yield vs Capex To Depreciation
Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tamarack Valley Energy Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tamarack Valley's Free Cash Flow Yield and Capex To Depreciation is -0.29. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Tamarack Valley Energy, assuming nothing else is changed. The correlation between historical values of Tamarack Valley's Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Tamarack Valley Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Tamarack Valley's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.29 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Tamarack Valley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tamarack Valley 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 Tamarack Valley 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, Tamarack Valley's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Tax Provision is likely to grow to about 49.5 M, while Issuance Of Capital Stock is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 44.0M | 91.4M | 505.8M | 531.0M | Cost Of Revenue | 432.4M | 846.0M | 988.2M | 1.0B |
Tamarack Valley fundamental ratios Correlations
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Tamarack Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tamarack Valley fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.2B | 1.0B | 2.3B | 4.6B | 4.2B | 4.4B | |
| Other Current Liab | 7.4M | 2.3M | 7.6M | 34.1M | 114.1M | 119.8M | |
| Total Current Liabilities | 47.4M | 58.9M | 94.5M | 642.9M | 375.4M | 394.1M | |
| Total Stockholder Equity | 773.8M | 509.5M | 1.3B | 2.2B | 2.2B | 2.3B | |
| Property Plant And Equipment Net | 1.2B | 944.9M | 2.2B | 4.4B | 4.0B | 4.2B | |
| Net Debt | 217.2M | 231.2M | 498.5M | 1.3B | 860.7M | 903.7M | |
| Retained Earnings | (105.9M) | (417.3M) | (26.7M) | 259.0M | 269.6M | 283.1M | |
| Accounts Payable | 37.8M | 38.9M | 72.2M | 219.9M | 201.5M | 211.6M | |
| Non Current Assets Total | 1.2B | 994.6M | 2.2B | 4.4B | 4.0B | 4.2B | |
| Cash And Short Term Investments | (12.2M) | (10.2M) | (10.5M) | (75.8M) | (68.3M) | (64.8M) | |
| Net Receivables | 42.2M | 30.8M | 79.9M | 162.1M | 135.1M | 141.8M | |
| Common Stock Shares Outstanding | 225.2M | 222.8M | 360.8M | 464.3M | 560.0M | 588.0M | |
| Liabilities And Stockholders Equity | 1.2B | 1.0B | 2.3B | 4.6B | 4.2B | 4.4B | |
| Non Current Liabilities Total | 425.9M | 459.2M | 973.0M | 1.8B | 1.7B | 1.7B | |
| Other Current Assets | 2.0M | 2.2M | 7.8M | 22.0M | 84.9M | 89.2M | |
| Other Stockholder Equity | 46.8M | 50.6M | 45.0M | 25.0M | 26.0M | 31.1M | |
| Total Liab | 473.3M | 518.1M | 1.1B | 2.5B | 2.0B | 2.1B | |
| Property Plant And Equipment Gross | 1.2B | 944.9M | 3.4B | 5.9B | 5.6B | 5.9B | |
| Total Current Assets | 44.3M | 33.0M | 87.7M | 184.1M | 195.2M | 204.9M | |
| Short Long Term Debt Total | 205.1M | 221.0M | 488.0M | 1.2B | 860.7M | 903.7M | |
| Short Term Debt | 2.2M | 4.1M | 3.9M | 265M | 59.7M | 58.2M | |
| Common Stock Total Equity | 850.4M | 848.2M | 832.8M | 876.1M | 1.0B | 607.0M | |
| Common Stock | 832.8M | 876.1M | 1.2B | 1.9B | 2.2B | 2.3B | |
| Other Liab | 223.1M | 240.6M | 488.6M | 877.0M | 1.0B | 1.1B | |
| Net Tangible Assets | 773.8M | 509.5M | 1.3B | 2.2B | 2.5B | 2.6B | |
| Other Assets | 275K | 49.7M | 77K | 254K | 228.6K | 217.2K | |
| Property Plant Equipment | 1.2B | 944.9M | 2.2B | 4.4B | 5.1B | 5.3B | |
| Long Term Debt | 192.9M | 210.9M | 477.4M | 946.1M | 791.1M | 830.7M | |
| Long Term Debt Total | 202.9M | 218.5M | 484.4M | 952.5M | 1.1B | 1.2B | |
| Capital Surpluse | 47.8M | 51.3M | 48.3M | 27.5M | 31.6M | 37.9M | |
| Inventory | 12.2M | 10.2M | 10.5M | 75.8M | 87.2M | 91.6M | |
| Non Currrent Assets Other | 1.5M | 275K | 77K | 20.3M | (1.0) | (0.95) | |
| Net Invested Capital | 966.7M | 720.4M | 1.7B | 3.3B | 3.0B | 1.8B | |
| Net Working Capital | (3.1M) | (25.9M) | (6.8M) | (458.9M) | (180.2M) | (171.2M) | |
| Capital Stock | 832.8M | 876.1M | 1.2B | 1.9B | 2.2B | 1.4B |
Pair Trading with Tamarack Valley
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 Tamarack Valley 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 Tamarack Valley will appreciate offsetting losses from the drop in the long position's value.Moving together with Tamarack Stock
Moving against Tamarack Stock
| 0.78 | TC | Tucows Inc | PairCorr |
| 0.74 | DII-B | Dorel Industries | PairCorr |
| 0.72 | SLF-PH | Sun Lif Non | PairCorr |
| 0.4 | AIM | Aimia Inc | PairCorr |
| 0.36 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Tamarack Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamarack Valley 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 Tamarack Valley - 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 Tamarack Valley Energy to buy it.
The correlation of Tamarack Valley 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 Tamarack Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamarack Valley 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 Tamarack Valley 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 Tamarack Stock
Balance Sheet is a snapshot of the financial position of Tamarack Valley Energy at a specified time, usually calculated after every quarter, six months, or one year. Tamarack Valley Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tamarack Valley 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 Tamarack currently owns. An asset can also be divided into two categories, current and non-current.