Boralex Capital Expenditures vs Change To Operating Activities Analysis
BLX Stock | CAD 29.69 0.77 2.66% |
Boralex financial indicator trend analysis is way more than just evaluating Boralex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boralex is a good investment. Please check the relationship between Boralex Capital Expenditures and its Change To Operating Activities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Capital Expenditures vs Change To Operating Activities
Capital Expenditures vs Change To Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boralex Capital Expenditures account and Change To Operating Activities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Boralex's Capital Expenditures and Change To Operating Activities is -0.17. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Boralex, assuming nothing else is changed. The correlation between historical values of Boralex's Capital Expenditures and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Boralex are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Capital Expenditures i.e., Boralex's Capital Expenditures and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Boralex to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Boralex operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change To Operating Activities
Most indicators from Boralex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boralex 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Boralex's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Tax Provision is likely to grow to about 41 M, while Discontinued Operations is likely to drop about 2.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 182M | 112M | 246M | 258.3M | Total Revenue | 691M | 836M | 1.0B | 1.1B |
Boralex fundamental ratios Correlations
Click cells to compare fundamentals
Boralex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boralex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 80.1M | 90.6M | 98.7M | 102.8M | 102.8M | 54.3M | |
Total Assets | 4.6B | 5.3B | 5.8B | 6.5B | 6.6B | 6.9B | |
Short Long Term Debt Total | 3.3B | 3.8B | 3.9B | 3.6B | 4.1B | 4.4B | |
Other Current Liab | 85M | 10M | 14M | 330M | 6M | 5.7M | |
Total Current Liabilities | 304M | 403M | 395M | 821M | 715M | 750.8M | |
Total Stockholder Equity | 860M | 989M | 1.0B | 1.7B | 1.6B | 1.7B | |
Property Plant And Equipment Net | 3.0B | 3.4B | 3.6B | 3.7B | 3.7B | 3.9B | |
Net Debt | 3.1B | 3.5B | 3.7B | 3.2B | 2.8B | 2.9B | |
Retained Earnings | (233M) | (249M) | (299M) | 174M | 183M | 192.2M | |
Accounts Payable | 36M | 161M | 145M | 57M | 38M | 40.1M | |
Cash | 153M | 275M | 256M | 361M | 478M | 501.9M | |
Non Current Assets Total | 4.2B | 4.8B | 5.3B | 5.9B | 5.8B | 6.1B | |
Non Currrent Assets Other | 19M | 21M | 152M | 369M | 121M | 78.1M | |
Cash And Short Term Investments | 170M | 275M | 259M | 361M | 415.2M | 435.9M | |
Net Receivables | 153M | 157M | 148M | 234M | 236M | 247.8M | |
Common Stock Total Equity | 733M | 984M | 1.1B | 1.3B | 1.5B | 1.6B | |
Liabilities And Stockholders Equity | 4.6B | 5.3B | 5.8B | 6.5B | 7.5B | 7.9B | |
Non Current Liabilities Total | 3.4B | 3.9B | 4.1B | 3.7B | 3.8B | 4.0B | |
Total Liab | 3.7B | 4.3B | 4.5B | 4.5B | 4.6B | 4.8B | |
Property Plant And Equipment Gross | 3.0B | 3.4B | 4.9B | 5.1B | 5.4B | 5.7B | |
Total Current Assets | 363M | 472M | 460M | 638M | 771M | 809.6M | |
Accumulated Other Comprehensive Income | (41M) | (91M) | (29M) | 174M | 200.1M | 210.1M | |
Common Stock | 984M | 1.1B | 1.3B | 1.3B | 1.5B | 1.6B | |
Other Current Assets | 25M | 38M | 50M | 30M | 35M | 35.7M | |
Short Term Debt | 183M | 242M | 236M | 434M | 499.1M | 524.1M | |
Intangible Assets | 700M | 1.0B | 1.1B | 1.1B | 986M | 645.5M | |
Good Will | 188M | 222M | 218M | 233M | 234M | 162.7M | |
Other Liab | 255M | 308M | 441M | 503M | 578.5M | 607.4M | |
Net Tangible Assets | (28M) | (260M) | (364M) | 389M | 447.4M | 469.7M | |
Other Assets | 80M | 84M | 148M | 369M | 424.4M | 445.6M | |
Long Term Debt | 2.9B | 3.3B | 3.4B | 2.9B | 3.0B | 2.6B | |
Long Term Investments | 312M | 144M | 140M | 565M | 526M | 552.3M | |
Short Long Term Debt | 172M | 229M | 220M | 416M | 277M | 245.3M | |
Property Plant Equipment | 3.0B | 3.4B | 3.6B | 3.7B | 4.2B | 2.7B | |
Long Term Debt Total | 3.1B | 3.5B | 3.7B | 3.2B | 3.6B | 3.0B | |
Non Current Liabilities Other | 60M | 29M | 52M | 38M | 37M | 41.0M |
Pair Trading with Boralex
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 Boralex 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 Boralex will appreciate offsetting losses from the drop in the long position's value.Moving against Boralex Stock
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0.5 | IFC | Intact Financial Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex 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 Boralex - 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 Boralex to buy it.
The correlation of Boralex 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 Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex 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 Boralex 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Boralex Stock analysis
When running Boralex's price analysis, check to measure Boralex's 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 Boralex is operating at the current time. Most of Boralex's value examination focuses on studying past and present price action to predict the probability of Boralex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boralex's price. Additionally, you may evaluate how the addition of Boralex to your portfolios can decrease your overall portfolio volatility.
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