Boralex Cash Flow Overview
| BLX Stock | CAD 26.76 0.32 1.18% |
Boralex |
Most accounts from Boralex's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Boralex current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Boralex Valuation and Boralex Correlation analysis. At this time, Boralex's Total Cash From Operating Activities is very stable compared to the past year. As of the 19th of April 2024, Net Income is likely to grow to about 81.9 M, though Sale Purchase Of Stock is likely to grow to (13.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 179M | 256M | 280M | 144.6M | Other Non Cash Items | 22M | 5M | 132M | 138.6M |
Boralex cash flow statement Correlations
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Boralex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boralex cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (4M) | 122M | (19M) | 93M | 107.0M | 112.3M | |
| Free Cash Flow | 117M | 206M | 166M | 257M | 216M | 226.8M | |
| Other Non Cash Items | 59M | 35M | 22M | 5M | 132M | 138.6M | |
| Capital Expenditures | 177M | 156M | 179M | 256M | 280M | 144.6M | |
| Net Income | (43M) | 61M | 26M | 8M | 78M | 81.9M | |
| End Period Cash Flow | 153M | 275M | 256M | 349M | 472M | 495.6M | |
| Depreciation | 299M | 237M | 297M | 380M | 293M | 167.0M | |
| Investments | (100M) | (247M) | (6M) | (684M) | (268M) | (281.4M) | |
| Net Borrowings | (76M) | (107M) | 163M | (382M) | (343.8M) | (326.6M) | |
| Dividends Paid | 50M | 60M | 66M | 68M | (68M) | (64.6M) | |
| Change To Netincome | 100M | 31M | 35M | 64M | 73.6M | 77.3M |
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 Boralex 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, Boralex's short interest history, or implied volatility extrapolated from Boralex options trading.
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
| 0.69 | ETHC | Ether Capital Corp | PairCorr |
| 0.65 | KDA | KDA Group | 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 Boralex Valuation and Boralex Correlation analysis. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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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