California Net Interest Income vs Ebit Analysis
CRC Stock | USD 51.09 1.77 3.35% |
California Resources financial indicator trend analysis is way more than just evaluating California Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether California Resources Corp is a good investment. Please check the relationship between California Resources Net Interest Income and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California 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 metropolitan statistical area.
Net Interest Income vs Ebit
Net Interest Income vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Resources Corp Net Interest Income account and Ebit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between California Resources' Net Interest Income and Ebit is -0.16. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Ebit in the same time period over historical financial statements of California Resources Corp, assuming nothing else is changed. The correlation between historical values of California Resources' Net Interest Income and Ebit 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 Interest Income of California Resources Corp are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Interest Income i.e., California Resources' Net Interest Income and Ebit go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Ebit
Most indicators from California Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into California 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 California 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 metropolitan statistical area. At present, California Resources' Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 4.18, whereas Selling General Administrative is forecasted to decline to about 222.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.8B | 1.3B | 1.1B | Total Revenue | 2.6B | 3.3B | 2.8B | 2.4B |
California Resources fundamental ratios Correlations
Click cells to compare fundamentals
California Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
California Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 49M | 83.3M | 83M | 77.6M | 72.5M | 65.1M | |
Total Assets | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Other Current Liab | 285M | 71M | 520M | 531M | 338M | 320.9M | |
Total Current Liabilities | 709M | 473M | 854M | 894M | 616M | 766.5M | |
Total Stockholder Equity | (296M) | 1.2B | 1.7B | 1.9B | 2.2B | 1.8B | |
Property Plant And Equipment Net | 6.4B | 2.7B | 2.6B | 2.9B | 2.8B | 5.4B | |
Accounts Payable | 296M | 212M | 266M | 345M | 245M | 259.6M | |
Non Current Assets Total | 6.5B | 2.7B | 3.1B | 3.1B | 3.1B | 5.5B | |
Non Currrent Assets Other | 114M | 90M | 98M | 67M | 69M | 71.9M | |
Net Receivables | 347M | 219M | 292M | 408M | 278M | 314.2M | |
Liabilities And Stockholders Equity | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Non Current Liabilities Total | 5.7B | 1.4B | 1.3B | 1.2B | 1.2B | 1.1B | |
Inventory | 69M | 67M | 61M | 60M | 72M | 52.5M | |
Other Current Assets | 2M | 1M | 9M | 12M | 83M | 87.2M | |
Other Stockholder Equity | 4.7B | 1.3B | 1.1B | 844M | 725M | 688.8M | |
Total Liab | 6.5B | 1.9B | 2.2B | 2.1B | 1.8B | 1.7B | |
Property Plant And Equipment Gross | 6.4B | 2.7B | 2.8B | 3.3B | 3.5B | 5.5B | |
Total Current Assets | 491M | 329M | 753M | 864M | 929M | 606.0M | |
Short Long Term Debt Total | 5.0B | 639M | 637M | 662M | 610M | 579.5M | |
Net Debt | 5.0B | 611M | 332M | 355M | 114M | 108.3M | |
Retained Earnings | (5.4B) | (123M) | 475M | 938M | 1.4B | 1.5B | |
Common Stock | (814M) | (361M) | (389M) | 1M | 1.2M | 1.2M | |
Short Term Debt | 128M | 7M | 11M | 18M | 15M | 14.3M | |
Other Liab | 682M | 787M | 678M | 565M | 508.5M | 618.2M | |
Net Tangible Assets | (389M) | 1.1B | 1.7B | 1.9B | 2.1B | 2.3B | |
Long Term Debt | 4.9B | 597M | 589M | 592M | 540M | 513M | |
Long Term Debt Total | 4.9B | 597M | 589M | 592M | 532.8M | 506.2M | |
Capital Surpluse | 5.0B | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | |
Non Current Liabilities Other | 682M | 19M | 583M | 617M | 62M | 58.9M | |
Property Plant Equipment | 6.4B | 2.7B | 2.6B | 2.9B | 2.6B | 3.7B | |
Net Invested Capital | 4.6B | 1.7B | 2.3B | 2.5B | 2.8B | 2.7B | |
Net Working Capital | (218M) | (144M) | (101M) | (30M) | 313M | 328.7M |
Pair Trading with California 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 California 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 California Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
0.64 | AR | Antero Resources Corp | PairCorr |
0.73 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.65 | SD | SandRidge Energy Earnings Call Today | PairCorr |
0.7 | SM | SM Energy Earnings Call Today | PairCorr |
Moving against California Stock
0.57 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to California 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 California 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 California 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 California Resources Corp to buy it.
The correlation of California 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 California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California 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 California 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 California 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 metropolitan statistical area. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running California Resources' price analysis, check to measure California 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 California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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Is California 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 California Resources. If investors know California 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 California 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 1.36 | Dividend Share 1.158 | Earnings Share 7.78 | Revenue Per Share 39.756 | Quarterly Revenue Growth (0.28) |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California 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 California Resources' market value can be influenced by many factors that don't directly affect California 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California 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.