Crescent Net Invested Capital vs Property Plant Equipment Analysis
CPG Stock | USD 8.71 0.21 2.47% |
Crescent Point financial indicator trend analysis is way more than just evaluating Crescent Point Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Point Energy is a good investment. Please check the relationship between Crescent Point Net Invested Capital and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Net Invested Capital vs Property Plant Equipment
Net Invested Capital vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Point Energy Net Invested Capital account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Crescent Point's Net Invested Capital and Property Plant Equipment is 0.46. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Crescent Point Energy, assuming nothing else is changed. The correlation between historical values of Crescent Point's Net Invested Capital and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Crescent Point Energy are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Invested Capital i.e., Crescent Point's Net Invested Capital and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Property Plant Equipment
Most indicators from Crescent Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Point Energy 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 Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Crescent Point's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Crescent Point's current Enterprise Value Multiple is estimated to increase to 4.21, while Issuance Of Capital Stock is projected to decrease to roughly 263.8 M.
Crescent Point fundamental ratios Correlations
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Crescent Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crescent Point fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.1B | 6.6B | 9.2B | 9.5B | 12.8B | 8.7B | |
Other Current Liab | 543M | 421.2M | 159.6M | 227.2M | 183.8M | 118.9M | |
Total Current Liabilities | 775.3M | 669.2M | 1.0B | 1.2B | 1.4B | 1.4B | |
Total Stockholder Equity | 5.3B | 2.8B | 5.4B | 6.5B | 6.9B | 5.3B | |
Other Liab | 1.1B | 985.8M | 925.7M | 752M | 864.8M | 612.1M | |
Net Tangible Assets | 5.1B | 2.6B | 5.2B | 6.3B | 7.2B | 7.6B | |
Property Plant And Equipment Net | 8.2B | 4.6B | 7.8B | 7.9B | 11.4B | 7.7B | |
Net Debt | 3.0B | 2.4B | 2.1B | 1.3B | 3.7B | 1.9B | |
Retained Earnings | (11.6B) | (14.2B) | (11.8B) | (10.6B) | (10.2B) | (9.7B) | |
Accounts Payable | 479.4M | 311.6M | 450.7M | 448.2M | 634.9M | 410.9M | |
Cash | 56.9M | 8.8M | 13.5M | 289.9M | 17.3M | 25.1M | |
Non Current Assets Total | 9.5B | 6.4B | 8.8B | 8.5B | 11.7B | 8.3B | |
Other Assets | 1.0B | 1.6B | 721.3M | 381.6M | 438.8M | 373.3M | |
Long Term Debt | 2.7B | 2.0B | 1.7B | 902.8M | 3.2B | 1.7B | |
Cash And Short Term Investments | 56.9M | 8.8M | 13.5M | 289.9M | 17.3M | 28.0M | |
Net Receivables | 295.9M | 200.5M | 314.3M | 327.8M | 457.1M | 239.5M | |
Good Will | 230.9M | 223.3M | 211.5M | 203.9M | 275.9M | 179.4M | |
Common Stock Total Equity | 16.5B | 16.5B | 16.4B | 16.5B | 18.9B | 19.9B | |
Common Stock Shares Outstanding | 545.7M | 529.3M | 575.1M | 571.1M | 548.3M | 338.7M | |
Liabilities And Stockholders Equity | 10.1B | 6.6B | 9.2B | 9.5B | 12.8B | 8.7B | |
Non Current Liabilities Total | 4.0B | 3.2B | 2.7B | 1.8B | 4.5B | 2.8B | |
Other Current Assets | 278.7M | 69.4M | 83.1M | 371.5M | 654.8M | 687.5M | |
Other Stockholder Equity | 35.1M | 19.7M | 17.5M | 17.1M | 17.4M | 16.5M | |
Total Liab | 4.7B | 3.8B | 3.8B | 3.0B | 5.9B | 3.5B | |
Long Term Investments | 27.4M | 22.4M | 2.5M | 200K | 230K | 218.5K | |
Property Plant And Equipment Gross | 8.2B | 4.6B | 25.3B | 24.1B | 26.5B | 27.8B | |
Short Long Term Debt | 201M | 221.6M | 278.1M | 538.7M | 380M | 399M | |
Total Current Assets | 631.5M | 278.7M | 410.9M | 989.2M | 1.1B | 1.1B | |
Accumulated Other Comprehensive Income | 495.5M | 517.7M | 529.6M | 620.3M | (100K) | (95K) | |
Short Term Debt | 232.3M | 248M | 303.6M | 563.6M | 420.5M | 241.5M | |
Common Stock | 16.4B | 16.5B | 16.7B | 16.4B | 17.1B | 10.0B | |
Property Plant Equipment | 8.2B | 4.6B | 7.8B | 7.9B | 9.1B | 7.2B | |
Short Long Term Debt Total | 3.1B | 2.4B | 2.1B | 1.6B | 3.7B | 2.0B | |
Non Currrent Assets Other | 251.1M | 211.4M | 151.2M | 6.4M | 21.5M | 20.4M | |
Long Term Debt Total | 4.2B | 2.9B | 2.2B | 1.8B | 1.6B | 2.6B | |
Capital Surpluse | 41.4M | 35.1M | 19.7M | 17.5M | 15.8M | 15.0M |
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
0.95 | AR | Antero Resources Corp Sell-off Trend | PairCorr |
0.95 | PR | Permian Resources Earnings Call This Week | PairCorr |
0.92 | SD | SandRidge Energy Earnings Call Today | PairCorr |
0.96 | SM | SM Energy | PairCorr |
Moving against Crescent Stock
0.73 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy 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 Crescent Point 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 Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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Is Crescent Point'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 Crescent Point. If investors know Crescent 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 Crescent Point 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 (0.33) | Dividend Share 0.4 | Earnings Share 1.07 | Revenue Per Share 5.846 | Quarterly Revenue Growth 0.078 |
The market value of Crescent Point Energy is measured differently than its book value, which is the value of Crescent that is recorded on the company's balance sheet. Investors also form their own opinion of Crescent Point's value that differs from its market value or its book value, called intrinsic value, which is Crescent Point'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 Crescent Point's market value can be influenced by many factors that don't directly affect Crescent Point'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 Crescent Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crescent Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crescent Point'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.