Calfrac Total Other Income Expense Net vs Net Income From Continuing Ops Analysis

CFW Stock  CAD 4.15  0.09  2.12%   
Calfrac Well financial indicator trend analysis is way more than just evaluating Calfrac Well Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calfrac Well Services is a good investment. Please check the relationship between Calfrac Well Total Other Income Expense Net and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. 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.

Total Other Income Expense Net vs Net Income From Continuing Ops

Total Other Income Expense Net vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Calfrac Well Services Total Other Income Expense Net account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Calfrac Well's Total Other Income Expense Net and Net Income From Continuing Ops is 0.55. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Calfrac Well Services, assuming nothing else is changed. The correlation between historical values of Calfrac Well's Total Other Income Expense Net and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Calfrac Well Services are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Other Income Expense Net i.e., Calfrac Well's Total Other Income Expense Net and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Total Other Income Expense Net

Net Income From Continuing Ops

Most indicators from Calfrac Well's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calfrac Well 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. 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, Calfrac Well's Issuance Of Capital Stock is very stable compared to the past year. As of the 3rd of May 2024, Enterprise Value is likely to grow to about 956.7 M, while Selling General Administrative is likely to drop about 49.8 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses45.6M62.2M1.7B1.8B
Cost Of Revenue1.0B1.3B1.6B830.2M

Calfrac Well fundamental ratios Correlations

0.820.520.780.840.980.790.60.810.510.980.510.83-0.510.90.89-0.26-0.450.95-0.120.9-0.680.15-0.360.250.53
0.820.540.460.410.850.990.320.410.440.890.440.44-0.510.980.7-0.29-0.40.95-0.170.57-0.54-0.03-0.170.260.27
0.520.540.150.430.580.550.420.280.220.590.220.3-0.510.540.35-0.53-0.420.5-0.350.3-0.42-0.1-0.370.420.32
0.780.460.150.730.680.470.350.90.140.670.140.94-0.140.550.90.07-0.140.70.180.93-0.570.37-0.120.090.49
0.840.410.430.730.80.370.670.880.450.770.450.85-0.360.530.73-0.15-0.340.62-0.050.88-0.660.18-0.440.160.69
0.980.850.580.680.80.830.590.70.531.00.530.72-0.540.920.83-0.31-0.460.94-0.170.81-0.660.15-0.390.270.5
0.790.990.550.470.370.830.230.390.320.860.320.43-0.440.960.72-0.26-0.320.93-0.110.54-0.56-0.02-0.080.250.29
0.60.320.420.350.670.590.230.570.730.570.730.54-0.850.450.28-0.59-0.890.47-0.620.570.00.05-0.860.420.03
0.810.410.280.90.880.70.390.570.320.680.320.99-0.320.520.84-0.1-0.320.650.010.97-0.590.12-0.30.190.56
0.510.440.220.140.450.530.320.730.320.521.00.24-0.730.510.16-0.44-0.730.47-0.560.42-0.07-0.07-0.710.36-0.03
0.980.890.590.670.771.00.860.570.680.520.520.71-0.550.940.83-0.31-0.470.96-0.180.8-0.660.11-0.360.260.49
0.510.440.220.140.450.530.320.730.321.00.520.24-0.730.510.16-0.44-0.730.47-0.560.42-0.07-0.07-0.710.36-0.03
0.830.440.30.940.850.720.430.540.990.240.710.24-0.290.550.86-0.09-0.290.690.040.97-0.580.2-0.260.160.55
-0.51-0.51-0.51-0.14-0.36-0.54-0.44-0.85-0.32-0.73-0.55-0.73-0.29-0.58-0.20.790.97-0.530.86-0.35-0.080.130.76-0.650.25
0.90.980.540.550.530.920.960.450.520.510.940.510.55-0.580.75-0.35-0.480.98-0.230.66-0.540.02-0.280.290.29
0.890.70.350.90.730.830.720.280.840.160.830.160.86-0.20.75-0.07-0.140.850.140.89-0.780.2-0.040.210.59
-0.26-0.29-0.530.07-0.15-0.31-0.26-0.59-0.1-0.44-0.31-0.44-0.090.79-0.35-0.070.74-0.280.84-0.1-0.070.20.6-0.80.34
-0.45-0.4-0.42-0.14-0.34-0.46-0.32-0.89-0.32-0.73-0.47-0.73-0.290.97-0.48-0.140.74-0.450.8-0.34-0.20.080.83-0.610.31
0.950.950.50.70.620.940.930.470.650.470.960.470.69-0.530.980.85-0.28-0.45-0.150.78-0.590.1-0.260.270.36
-0.12-0.17-0.350.18-0.05-0.17-0.11-0.620.01-0.56-0.18-0.560.040.86-0.230.140.840.8-0.150.01-0.30.230.62-0.690.48
0.90.570.30.930.880.810.540.570.970.420.80.420.97-0.350.660.89-0.1-0.340.780.01-0.640.2-0.310.190.56
-0.68-0.54-0.42-0.57-0.66-0.66-0.560.0-0.59-0.07-0.66-0.07-0.58-0.08-0.54-0.78-0.07-0.2-0.59-0.3-0.64-0.05-0.17-0.11-0.86
0.15-0.03-0.10.370.180.15-0.020.050.12-0.070.11-0.070.20.130.020.20.20.080.10.230.2-0.05-0.01-0.090.11
-0.36-0.17-0.37-0.12-0.44-0.39-0.08-0.86-0.3-0.71-0.36-0.71-0.260.76-0.28-0.040.60.83-0.260.62-0.31-0.17-0.01-0.480.2
0.250.260.420.090.160.270.250.420.190.360.260.360.16-0.650.290.21-0.8-0.610.27-0.690.19-0.11-0.09-0.48-0.28
0.530.270.320.490.690.50.290.030.56-0.030.49-0.030.550.250.290.590.340.310.360.480.56-0.860.110.2-0.28
Click cells to compare fundamentals

Calfrac Well Account Relationship Matchups

Calfrac Well fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B912.5M893.0M995.8M1.1B976.7M
Short Long Term Debt Total1.0B346.6M410.4M354.9M408.1M403.8M
Total Current Liabilities157.2M109.7M136.8M203.7M234.3M129.7M
Total Stockholder Equity368.6M410.2M328.8M423.0M486.4M399.5M
Property Plant And Equipment Net999.7M641.3M585.4M566.4M651.3M631.8M
Net Debt965.1M316.8M431.0M346.4M398.4M354.6M
Retained Earnings(185.2M)(509.4M)(592.2M)(580.5M)(522.5M)(496.4M)
Accounts Payable143.2M101.8M127.4M171.6M197.3M115.7M
Cash42.6M29.8M(20.6M)8.5M9.8M9.3M
Non Current Assets Total1.1B641.3M585.4M581.4M668.6M664.8M
Cash And Short Term Investments42.6M29.8M(20.6M)8.5M9.8M9.3M
Net Receivables218.3M141.0M192.7M238.8M274.6M178.3M
Common Stock Shares Outstanding2.9M54.2M86.7M84.6M97.3M102.2M
Liabilities And Stockholders Equity1.5B912.5M893.0M995.8M1.1B978.0M
Non Current Liabilities Total1.0B392.5M427.3M369.1M424.4M448.7M
Inventory127.6M83.3M101.8M108.9M125.2M70.5M
Other Stockholder Equity41.8M109.2M110.8M106.9M122.9M129.1M
Total Liab1.2B502.2M564.1M572.8M658.7M578.5M
Property Plant And Equipment Gross999.7M641.3M2.6B2.7B3.1B3.2B
Total Current Assets405.9M271.2M307.5M414.4M476.5M311.9M
Accumulated Other Comprehensive Income2.7M10.3M9.1M31.5M36.3M38.1M
Short Term Debt13.9M8.0M9.4M12.3M14.1M9.9M
Common Stock Total Equity501.5M508.3M509.2M800.2M920.2M966.2M
Common Stock509.2M800.2M801.2M865.1M994.8M523.2M
Other Liab6.5M53.8M26.3M26.5M23.8M22.6M
Net Tangible Assets368.6M410.2M328.8M423.0M380.7M427.7M
Other Assets96.4M120.3M0.015M17.3M16.4M
Long Term Debt976.7M324.6M388.5M329.2M296.3M581.5M
Property Plant Equipment999.7M641.3M585.4M566.4M509.7M802.2M
Long Term Debt Total993.7M338.6M401.0M342.6M308.4M593.7M
Capital Surpluse44.3M66.0M68.3M70.1M80.7M53.4M
Capital Lease Obligations30.9M22.0M20.6M23.2M26.7M15.5M
Cash And Equivalents42.6M29.8M0.08.5M7.6M7.3M
Net Invested Capital1.3B734.9M718.7M754.7M679.2M876.8M
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 Calfrac Well 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, Calfrac Well's short interest history, or implied volatility extrapolated from Calfrac Well options trading.

Pair Trading with Calfrac Well

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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.

Moving against Calfrac Stock

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The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. 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 .

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Please note, there is a significant difference between Calfrac Well's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calfrac Well is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calfrac Well'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.