CNX Other Stockholder Equity vs Total Stockholder Equity Analysis
CNX Stock | USD 24.19 0.72 3.07% |
CNX Resources financial indicator trend analysis is way more than just evaluating CNX Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNX Resources Corp is a good investment. Please check the relationship between CNX Resources Other Stockholder Equity and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. 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.
Other Stockholder Equity vs Total Stockholder Equity
Other Stockholder Equity vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CNX Resources Corp Other Stockholder Equity account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CNX Resources' Other Stockholder Equity and Total Stockholder Equity is -0.23. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of CNX Resources Corp, assuming nothing else is changed. The correlation between historical values of CNX Resources' Other Stockholder Equity and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of CNX Resources Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Stockholder Equity i.e., CNX Resources' Other Stockholder Equity and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from CNX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNX Resources Corp 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 CNX Resources Corp. 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. Selling General Administrative is likely to rise to about 142.4 M in 2024. Discontinued Operations is likely to rise to about 102.7 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 151.2M | 127.7M | 154.3M | 166.0M | Depreciation And Amortization | 515.1M | 461.2M | 433.6M | 452.3M |
CNX Resources fundamental ratios Correlations
Click cells to compare fundamentals
CNX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CNX Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.1B | 8.0B | 8.1B | 8.5B | 8.6B | 8.2B | |
Short Long Term Debt Total | 2.9B | 2.5B | 2.3B | 2.4B | 2.4B | 2.0B | |
Other Current Liab | 243.6M | 230.1M | 790.3M | 1.1B | 278.5M | 528.9M | |
Total Current Liabilities | 528.9M | 441.3M | 954.6M | 1.3B | 823.0M | 794.1M | |
Total Stockholder Equity | 4.2B | 4.4B | 3.7B | 3.0B | 4.4B | 2.7B | |
Property Plant And Equipment Net | 7.3B | 7.1B | 7.0B | 7.3B | 7.5B | 6.6B | |
Net Debt | 2.9B | 2.5B | 2.3B | 2.4B | 2.4B | 1.9B | |
Retained Earnings | 2.0B | 1.5B | 877.9M | 449.0M | 2.0B | 1.1B | |
Accounts Payable | 202.6M | 118.2M | 121.8M | 191.3M | 147.4M | 278.8M | |
Cash | 16.3M | 15.6M | 3.6M | 21.3M | 443K | 420.9K | |
Non Current Assets Total | 8.6B | 7.8B | 7.6B | 7.9B | 8.2B | 7.4B | |
Non Currrent Assets Other | 15.2M | 16.5M | 188.6M | (206.9M) | 48.5M | 46.1M | |
Cash And Short Term Investments | 16.3M | 15.6M | 3.6M | 21.3M | 443K | 420.9K | |
Net Receivables | 209.6M | 150.3M | 339.1M | 354.6M | 134.0M | 127.3M | |
Common Stock Total Equity | 1.9M | 2.2M | 2.0M | 1.7M | 2.0M | 1.8M | |
Common Stock Shares Outstanding | 190.7M | 199.2M | 216.0M | 189.5M | 192.0M | 216.7M | |
Liabilities And Stockholders Equity | 9.1B | 8.0B | 8.1B | 8.5B | 8.6B | 8.2B | |
Non Current Liabilities Total | 3.6B | 3.2B | 3.4B | 4.3B | 3.4B | 4.4B | |
Inventory | 7.0M | 9.7M | 6.1M | 27.2M | 19.8M | 18.9M | |
Other Current Assets | 265.3M | 97.8M | 111.0M | 170.7M | 267.5M | 204.5M | |
Other Stockholder Equity | 2.2B | 3.0B | 2.8B | 2.5B | 2.4B | 2.0B | |
Total Liab | 4.1B | 3.6B | 4.4B | 5.6B | 4.3B | 5.5B | |
Property Plant And Equipment Gross | 7.3B | 7.1B | 11.4B | 11.9B | 12.7B | 7.2B | |
Total Current Assets | 498.1M | 273.3M | 459.8M | 573.8M | 421.8M | 631.8M | |
Accumulated Other Comprehensive Income | (12.6M) | (15.2M) | (14.5M) | (6.5M) | (7.3M) | (7.7M) | |
Short Term Debt | 68.8M | 82.0M | 23.5M | 48.3M | 381.3M | 400.4M | |
Common Stock | 1.9M | 2.2M | 2.0M | 1.7M | 1.5M | 1.8M | |
Other Liab | 696.9M | 722.3M | 1.2B | 1.9B | 1.7B | 1.9B | |
Other Assets | 329.3M | 204.8M | 188.6M | 270.3M | 1.0 | 0.95 | |
Long Term Debt | 2.8B | 2.4B | 2.2B | 2.2B | 1.9B | 1.9B | |
Property Plant Equipment | 7.1B | 7.0B | 7.0B | 7.3B | 8.4B | 7.0B | |
Current Deferred Revenue | 14.0M | 11.0M | 19.0M | 22.1M | 15.8M | 15.0M | |
Intangible Assets | 96.6M | 90.1M | 83.5M | 77.0M | 70.4M | 44.8M | |
Net Tangible Assets | 4.2B | 4.4B | 3.3B | 3.0B | 3.4B | 4.3B | |
Retained Earnings Total Equity | 2.0B | 1.5B | 877.9M | 449.0M | 404.1M | 383.9M |
Pair Trading with CNX 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 CNX 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 CNX Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with CNX Stock
0.85 | AR | Antero Resources Corp | PairCorr |
0.94 | PR | Permian Resources | PairCorr |
0.89 | SD | SandRidge Energy | PairCorr |
0.94 | SM | SM Energy | PairCorr |
The ability to find closely correlated positions to CNX 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 CNX 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 CNX 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 CNX Resources Corp to buy it.
The correlation of CNX 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 CNX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNX 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 CNX 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running CNX Resources' price analysis, check to measure CNX 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
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Is CNX 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 CNX Resources. If investors know CNX 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 CNX 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 (0.99) | Earnings Share 5.42 | Revenue Per Share 8.353 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0992 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX 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 CNX Resources' market value can be influenced by many factors that don't directly affect CNX 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 CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX 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.