West Canyon Current Valuation vs. Cash Flow From Operations
| WCYN Stock | USD 0.0002 0.00 0.00% |
For West Canyon profitability analysis, we use financial ratios and fundamental drivers that measure the ability of West Canyon to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well West Canyon Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between West Canyon's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of West Canyon Energy over time as well as its relative position and ranking within its peers.
West |
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.
West Canyon Energy Cash Flow From Operations vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining West Canyon's current stock value. Our valuation model uses many indicators to compare West Canyon value to that of its competitors to determine the firm's financial worth. West Canyon Energy is rated fourth in current valuation category among its peers. It is rated fifth in cash flow from operations category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the West Canyon's earnings, one of the primary drivers of an investment's value.West Current Valuation vs. Competition
West Canyon Energy is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is at this time estimated at about 25.47 Million. West Canyon adds roughly 111,033 in current valuation claiming only tiny portion of equities under Energy industry.
West Cash Flow From Operations vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
West Canyon |
| = | 111.03 K |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
West Canyon |
| = | (273.2 K) |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
West Cash Flow From Operations Comparison
West Canyon is currently under evaluation in cash flow from operations category among its peers.
West Canyon Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in West Canyon, profitability is also one of the essential criteria for including it into their portfolios because, without profit, West Canyon will eventually generate negative long term returns. The profitability progress is the general direction of West Canyon's change in net profit over the period of time. It can combine multiple indicators of West Canyon, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -2.9 M | -3.1 M | |
| Net Loss | -2.9 M | -3.1 M | |
| Income Before Tax | -2.9 M | -3.1 M | |
| Net Loss | -2.9 M | -3.1 M | |
| Net Loss | -2.9 M | -3.1 M | |
| Change To Netincome | 12.7 K | 13.3 K |
West Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on West Canyon. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of West Canyon position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the West Canyon's important profitability drivers and their relationship over time.
Use West Canyon in pair-trading
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.West Canyon Pair Trading
West Canyon Energy Pair Trading Analysis
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.Use Investing Themes to Complement your West Canyon position
In addition to having West Canyon in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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To fully project West Canyon's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of West Canyon Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include West Canyon's income statement, its balance sheet, and the statement of cash flows.