| WRG Stock | | | CAD 2.67 0.02 0.74% |
Western Energy financial indicator trend analysis is more than just analyzing Western Energy Services current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Energy Services is a good investment. Please check the relationship between Western Energy Price To Sales Ratio and its Roic accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western 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 board of governors.
Price To Sales Ratio vs Roic
Price To Sales Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Western Energy Services Price To Sales Ratio account and
Roic. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Western Energy's Price To Sales Ratio and Roic is -0.42. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Western Energy Services, assuming nothing else is changed. The correlation between historical values of Western Energy's Price To Sales Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Western Energy Services are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Price To Sales Ratio i.e., Western Energy's Price To Sales Ratio and Roic go up and down completely randomly.
Correlation Coefficient | -0.42 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Western Energy Services stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Western Energy sales, a figure that is much harder to manipulate than other Western Energy Services multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Western Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western 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 board of governors.
At this time, Western Energy's
Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of December 2024,
Enterprise Value Multiple is likely to grow to 4.86, while
Selling General Administrative is likely to drop about 14.6
M.
Western Energy fundamental ratios Correlations
Click cells to compare fundamentals
Western Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Energy fundamental ratios Accounts
Other Information on Investing in Western Stock
Balance Sheet is a snapshot of the
financial position of Western Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Western Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Western 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 Western currently owns. An asset can also be divided into two categories, current and non-current.