California Capital Expenditures from 2010 to 2024
| CRC Stock | USD 54.43 0.74 1.38% |
Capital Expenditures | First Reported 2013-03-31 | Previous Quarter 119 M | Current Value 66 M | Quarterly Volatility 171.4 M |
Check California Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among California main balance sheet or income statement drivers, such as Depreciation And Amortization of 257.4 M, Interest Expense of 53.2 M or Selling General Administrative of 222.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.44, Dividend Yield of 0.0202 or PTB Ratio of 1.8. California financial statements analysis is a perfect complement when working with California Resources Valuation or Volatility modules.
California | Capital Expenditures |
Latest California Resources' Capital Expenditures Growth Pattern
Below is the plot of the Capital Expenditures of California Resources Corp over the last few years. Capital Expenditures are funds used by California Resources Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of California Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software. It is California Resources' Capital Expenditures historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in California Resources' overall financial position and show how it may be relating to other accounts over time.
| Capital Expenditures | 10 Years Trend |
|
Capital Expenditures |
| Timeline |
California Capital Expenditures Regression Statistics
| Arithmetic Mean | 871,250,000 | |
| Geometric Mean | 385,811,733 | |
| Coefficient Of Variation | 103.89 | |
| Mean Deviation | 798,900,000 | |
| Median | 455,000,000 | |
| Standard Deviation | 905,107,201 | |
| Sample Variance | 819219T | |
| Range | 2.3B | |
| R-Value | (0.86) | |
| Mean Square Error | 223488.5T | |
| R-Squared | 0.75 | |
| Significance | 0.000033 | |
| Slope | (174,884,821) | |
| Total Sum of Squares | 11469066.6T |
California Capital Expenditures History
About California Resources Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include California Resources income statement, its balance sheet, and the statement of cash flows. California Resources investors use historical funamental indicators, such as California Resources's Capital Expenditures, to determine how well the company is positioned to perform in the future. Although California Resources investors may use each financial statement separately, they are all related. The changes in California Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on California Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on California Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in California Resources. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Capital Expenditures | 185 M | 175.8 M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards California Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, California Resources' short interest history, or implied volatility extrapolated from California Resources options trading.
Pair Trading with California Resources
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 California Resources 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 California Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
| 0.7 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.75 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.66 | SD | SandRidge Energy | PairCorr |
| 0.72 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against California Stock
| 0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
| 0.61 | EP | Empire Petroleum Corp Upward Rally | PairCorr |
The ability to find closely correlated positions to California Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Resources 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 California Resources - 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 California Resources Corp to buy it.
The correlation of California Resources 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 California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Resources 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 California Resources 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.Check out the analysis of California Resources Correlation against competitors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for California Stock analysis
When running California Resources' price analysis, check to measure California Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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Is California Resources' industry 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 California Resources. If investors know California 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 California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.36 | Dividend Share 1.158 | Earnings Share 7.78 | Revenue Per Share 39.756 | Quarterly Revenue Growth (0.28) |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.