Clean Free Cash Flow vs Income Tax Expense Analysis
CLNE Stock | USD 2.68 0.05 1.90% |
Clean Energy financial indicator trend analysis is way more than just evaluating Clean Energy Fuels prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Energy Fuels is a good investment. Please check the relationship between Clean Energy Free Cash Flow and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Fuels. 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.
Free Cash Flow vs Income Tax Expense
Free Cash Flow vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Energy Fuels Free Cash Flow account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Clean Energy's Free Cash Flow and Income Tax Expense is -0.2. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Clean Energy Fuels, assuming nothing else is changed. The correlation between historical values of Clean Energy's Free Cash Flow and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Clean Energy Fuels are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Free Cash Flow i.e., Clean Energy's Free Cash Flow and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Income Tax Expense
Most indicators from Clean Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Energy Fuels 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 Clean Energy Fuels. 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. As of March 28, 2024, Selling General Administrative is expected to decline to about 83.1 M. The current year's Tax Provision is expected to grow to about (160.6 K)
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 89.9M | 109.5M | 112.3M | 89.4M | Cost Of Revenue | 260.8M | 362.4M | 389.3M | 235.0M |
Clean Energy fundamental ratios Correlations
Click cells to compare fundamentals
Clean Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clean Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 777.1M | 715.0M | 957.1M | 1.1B | 1.3B | 754.9M | |
Total Stockholder Equity | 533.4M | 513.5M | 747.1M | 720.0M | 726.8M | 443.7M | |
Net Debt | 72.6M | 6.6M | (17.1M) | 75.8M | 253.5M | 128.6M | |
Cash | 49.2M | 109.0M | 99.4M | 126.0M | 107.0M | 82.8M | |
Other Assets | 38.9M | 42.4M | 63.2M | 30.5M | 35.0M | 41.7M | |
Cash And Short Term Investments | 106.2M | 138.5M | 229.2M | 265.5M | 265.1M | 148.0M | |
Common Stock Shares Outstanding | 206.0M | 200.7M | 213.1M | 222.4M | 222.9M | 117.7M | |
Liabilities And Stockholders Equity | 777.1M | 715.0M | 957.1M | 1.1B | 1.3B | 754.9M | |
Other Stockholder Equity | 1.2B | 1.2B | 1.5B | 1.6B | 1.7B | 880.4M | |
Total Liab | 234.1M | 192.2M | 201.7M | 354.9M | 525.8M | 301.7M | |
Total Current Assets | 293.8M | 263.0M | 409.9M | 471.7M | 470.2M | 276.2M | |
Short Long Term Debt Total | 121.8M | 115.6M | 82.3M | 201.8M | 360.5M | 222.0M | |
Other Current Liab | 67.9M | 52.6M | 77.1M | 92.5M | 93.4M | 98.1M | |
Total Current Liabilities | 162.6M | 79.8M | 125.9M | 148.1M | 163.8M | 109.1M | |
Property Plant And Equipment Net | 352.5M | 316.9M | 304.3M | 316.7M | 424.1M | 324.8M | |
Current Deferred Revenue | 7.3M | 2.6M | 7.3M | 6.0M | 4.9M | 8.0M | |
Retained Earnings | (668.2M) | (678.1M) | (771.2M) | (830.0M) | (929.5M) | (883.0M) | |
Accounts Payable | 27.4M | 17.3M | 24.4M | 44.4M | 57.0M | 59.8M | |
Non Current Assets Total | 483.3M | 452.0M | 547.1M | 610.6M | 789.3M | 499.0M | |
Net Receivables | 146.7M | 85.4M | 111.9M | 108.5M | 126.0M | 86.9M | |
Non Current Liabilities Total | 71.5M | 112.3M | 75.8M | 206.7M | 362.0M | 206.5M | |
Inventory | 29.9M | 28.1M | 31.3M | 37.1M | 45.3M | 26.5M | |
Other Current Assets | 11.1M | 9.4M | 37.6M | 60.6M | 33.7M | 18.6M | |
Property Plant And Equipment Gross | 352.5M | 316.9M | 304.3M | 316.7M | 916.2M | 962.0M | |
Accumulated Other Comprehensive Income | (1.6M) | (209K) | (1.6M) | (3.7M) | (2.1M) | (2.2M) | |
Short Term Debt | 60.0M | 7.3M | 17.2M | 5.2M | 8.5M | 8.1M | |
Other Liab | 9.7M | 4.0M | 10.7M | 10.2M | 11.8M | 13.2M | |
Long Term Debt | 32.9M | 82.1M | 23.2M | 145.5M | 261.1M | 178.2M | |
Intangible Assets | 1.2M | 464K | 5.5M | 5.9M | 6.4M | 6.0M | |
Property Plant Equipment | 323.9M | 316.9M | 304.3M | 316.7M | 364.2M | 331.4M | |
Short Term Investments | 56.9M | 29.5M | 129.7M | 139.6M | 158.2M | 80.9M | |
Net Tangible Assets | 467.9M | 448.7M | 677.2M | 649.8M | 747.2M | 450.2M | |
Noncontrolling Interest In Consolidated Entity | 17.0M | 9.6M | 9.3M | 8.3M | 9.6M | 13.1M | |
Retained Earnings Total Equity | (688.7M) | (668.2M) | (678.1M) | (771.2M) | (694.1M) | (728.8M) | |
Long Term Debt Total | 78.8M | 32.9M | 82.1M | 23.2M | 20.9M | 19.8M |
Pair Trading with Clean Energy
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 Clean Energy 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 Clean Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Clean Stock
0.9 | VTNR | Vertex Energy Buyout Trend | PairCorr |
Moving against Clean Stock
0.87 | MPC | Marathon Petroleum Corp Financial Report 7th of May 2024 | PairCorr |
0.86 | MITSY | Mitsui Company | PairCorr |
0.83 | REPYY | Repsol SA | PairCorr |
0.82 | PSX | Phillips 66 Financial Report 1st of May 2024 | PairCorr |
0.8 | VLO | Valero Energy Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to Clean Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Energy 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 Clean Energy - 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 Clean Energy Fuels to buy it.
The correlation of Clean Energy 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 Clean Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Energy Fuels 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 Clean Energy 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 Clean Energy Fuels. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running Clean Energy's price analysis, check to measure Clean Energy'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 Clean Energy is operating at the current time. Most of Clean Energy's value examination focuses on studying past and present price action to predict the probability of Clean Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Energy's price. Additionally, you may evaluate how the addition of Clean Energy to your portfolios can decrease your overall portfolio volatility.
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Is Clean Energy's 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 Clean Energy. If investors know Clean 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 Clean Energy 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 5.12 | Earnings Share (0.45) | Revenue Per Share 1.907 | Quarterly Revenue Growth (0.06) | Return On Assets (0.04) |
The market value of Clean Energy Fuels is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Energy's value that differs from its market value or its book value, called intrinsic value, which is Clean Energy'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 Clean Energy's market value can be influenced by many factors that don't directly affect Clean Energy'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 Clean Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Energy'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.