West Net Borrowings vs Change To Netincome Analysis

WCYN Stock  USD 0.0002  0.00  0.000005%   
West Canyon financial indicator trend analysis is more than just analyzing West Canyon Energy current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether West Canyon Energy is a good investment. Please check the relationship between West Canyon Net Borrowings and its Change To Netincome accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Canyon 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 manufacturing.

Net Borrowings vs Change To Netincome

Net Borrowings vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of West Canyon Energy Net Borrowings account and Change To Netincome. At this time, the significance of the direction appears to have totally related.
The correlation between West Canyon's Net Borrowings and Change To Netincome is 1.0. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of West Canyon Energy, assuming nothing else is changed. The correlation between historical values of West Canyon's Net Borrowings and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of West Canyon Energy are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Borrowings i.e., West Canyon's Net Borrowings and Change To Netincome go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change To Netincome

Most indicators from West Canyon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into West Canyon 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Canyon 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 manufacturing.
As of the 16th of December 2024, Selling General Administrative is likely to grow to about 411.2 K

West Canyon fundamental ratios Correlations

0.990.991.01.00.950.96-0.110.1-0.9-0.89-0.060.990.10.991.00.99-0.490.97
0.991.00.990.990.950.99-0.08-0.02-0.96-0.81-0.161.0-0.020.990.970.99-0.481.0
0.991.00.990.990.940.99-0.120.03-0.95-0.84-0.111.00.030.990.980.99-0.510.99
1.00.990.991.00.970.97-0.030.01-0.91-0.84-0.150.990.010.980.980.98-0.420.98
1.00.990.991.00.970.97-0.030.01-0.91-0.84-0.150.990.010.980.980.98-0.420.98
0.950.950.940.970.970.920.19-0.14-0.84-0.75-0.330.94-0.140.90.930.9-0.210.93
0.960.990.990.970.970.92-0.06-0.1-0.98-0.74-0.220.99-0.10.970.940.97-0.471.0
-0.11-0.08-0.12-0.03-0.030.19-0.06-0.830.160.44-0.9-0.12-0.83-0.23-0.19-0.230.91-0.07
0.1-0.020.030.010.01-0.14-0.1-0.830.1-0.550.970.031.00.130.190.13-0.67-0.08
-0.9-0.96-0.95-0.91-0.91-0.84-0.980.160.10.680.18-0.950.1-0.95-0.89-0.950.55-0.98
-0.89-0.81-0.84-0.84-0.84-0.75-0.740.44-0.550.68-0.38-0.84-0.55-0.88-0.92-0.880.68-0.76
-0.06-0.16-0.11-0.15-0.15-0.33-0.22-0.90.970.18-0.38-0.110.970.00.030.0-0.69-0.2
0.991.01.00.990.990.940.99-0.120.03-0.95-0.84-0.110.030.990.980.99-0.510.99
0.1-0.020.030.010.01-0.14-0.1-0.831.00.1-0.550.970.030.130.190.13-0.67-0.08
0.990.990.990.980.980.90.97-0.230.13-0.95-0.880.00.990.130.991.0-0.60.98
1.00.970.980.980.980.930.94-0.190.19-0.89-0.920.030.980.190.990.99-0.550.95
0.990.990.990.980.980.90.97-0.230.13-0.95-0.880.00.990.131.00.99-0.60.98
-0.49-0.48-0.51-0.42-0.42-0.21-0.470.91-0.670.550.68-0.69-0.51-0.67-0.6-0.55-0.6-0.47
0.971.00.990.980.980.931.0-0.07-0.08-0.98-0.76-0.20.99-0.080.980.950.98-0.47
Click cells to compare fundamentals

West Canyon Account Relationship Matchups

Pair Trading with West Canyon

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 West Canyon 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 West Canyon will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to West Canyon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Canyon 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 West Canyon - 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 West Canyon Energy to buy it.
The correlation of West Canyon 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 West Canyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Canyon 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 West Canyon 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
When determining whether West Canyon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of West Canyon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of West Canyon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on West Canyon Energy Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Canyon 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 manufacturing.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of West Canyon. If investors know West will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about West Canyon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.01)
Return On Assets
(1.33)
The market value of West Canyon Energy is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Canyon's value that differs from its market value or its book value, called intrinsic value, which is West Canyon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because West Canyon's market value can be influenced by many factors that don't directly affect West Canyon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between West Canyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Canyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Canyon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.