California Net Interest Income vs Non Recurring 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 Non Recurring 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 Non Recurring

Net Interest Income vs Non Recurring 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 Non Recurring. At this time, the significance of the direction appears to have pay attention.

The correlation between California Resources' Net Interest Income and Non Recurring is -0.79. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Non Recurring 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 Non Recurring 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 Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Net Interest Income i.e., California Resources' Net Interest Income and Non Recurring go up and down completely randomly.

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Non Recurring

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

Gross Profit Total Revenue

California Resources fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock	Current Deferred Revenue	Short Term Debt
Common Stock Shares Outstanding		0.47	-0.24	-0.39	0.62	0.47	0.13	0.47	-0.44	-0.59	-0.23	0.57	0.22	0.54	-0.24	0.48	-0.42	0.23	0.22	0.13	-0.14	-0.14	0.41	0.23	-0.29	0.25
Total Assets	0.47		-0.37	-0.22	0.82	1.0	0.72	1.0	-0.51	-0.6	0.31	0.79	0.56	0.92	0.3	1.0	-0.64	0.8	0.79	-0.21	-0.52	-0.52	0.88	0.18	-0.37	0.7
Other Current Liab	-0.24	-0.37		0.75	-0.28	-0.4	0.02	-0.39	0.28	0.56	-0.19	-0.36	-0.06	-0.42	-0.15	-0.39	0.69	-0.42	-0.43	0.3	0.52	0.52	-0.35	-0.3	-0.3	-0.46
Total Current Liabilities	-0.39	-0.22	0.75		-0.34	-0.25	0.27	-0.24	0.48	0.71	0.13	-0.44	0.09	-0.43	0.18	-0.25	0.62	-0.23	-0.24	0.17	0.35	0.35	-0.23	-0.06	-0.1	-0.13
Total Stockholder Equity	0.62	0.82	-0.28	-0.34		0.82	0.47	0.82	-0.55	-0.81	-0.27	0.83	0.45	0.87	-0.29	0.83	-0.58	0.38	0.37	0.26	-0.18	-0.18	0.72	0.42	-0.55	0.43
Property Plant And Equipment Net	0.47	1.0	-0.4	-0.25	0.82		0.69	1.0	-0.52	-0.62	0.31	0.78	0.54	0.93	0.29	1.0	-0.68	0.8	0.8	-0.22	-0.54	-0.54	0.87	0.17	-0.33	0.7
Accounts Payable	0.13	0.72	0.02	0.27	0.47	0.69		0.7	0.03	0.02	0.4	0.57	0.52	0.46	0.41	0.7	-0.07	0.52	0.51	-0.03	-0.33	-0.33	0.61	0.14	-0.41	0.38
Non Current Assets Total	0.47	1.0	-0.39	-0.24	0.82	1.0	0.7		-0.52	-0.62	0.31	0.78	0.54	0.92	0.29	1.0	-0.67	0.8	0.79	-0.22	-0.53	-0.53	0.88	0.18	-0.35	0.7
Non Currrent Assets Other	-0.44	-0.51	0.28	0.48	-0.55	-0.52	0.03	-0.52		0.68	0.02	-0.37	-0.17	-0.7	0.04	-0.53	0.58	-0.48	-0.48	0.23	0.28	0.28	-0.46	0.03	0.12	-0.19
Net Receivables	-0.59	-0.6	0.56	0.71	-0.81	-0.62	0.02	-0.62	0.68		0.28	-0.63	-0.18	-0.8	0.31	-0.62	0.78	-0.35	-0.35	-0.05	0.29	0.29	-0.6	-0.38	0.27	-0.42
Non Current Liabilities Total	-0.23	0.31	-0.19	0.13	-0.27	0.31	0.4	0.31	0.02	0.28		0.0	0.14	0.13	1.0	0.29	-0.14	0.75	0.75	-0.83	-0.67	-0.67	0.29	-0.37	0.33	0.47
Inventory	0.57	0.79	-0.36	-0.44	0.83	0.78	0.57	0.78	-0.37	-0.63	0.0		0.39	0.79	-0.01	0.79	-0.43	0.52	0.51	0.02	-0.35	-0.35	0.62	0.25	-0.37	0.5
Other Current Assets	0.22	0.56	-0.06	0.09	0.45	0.54	0.52	0.54	-0.17	-0.18	0.14	0.39		0.3	0.14	0.56	-0.02	0.25	0.23	0.27	0.17	0.17	0.62	0.33	-0.6	0.3
Other Stockholder Equity	0.54	0.92	-0.42	-0.43	0.87	0.93	0.46	0.92	-0.7	-0.8	0.13	0.79	0.3		0.11	0.93	-0.79	0.75	0.74	-0.24	-0.56	-0.56	0.77	0.11	-0.25	0.62
Total Liab	-0.24	0.3	-0.15	0.18	-0.29	0.29	0.41	0.29	0.04	0.31	1.0	-0.01	0.14	0.11		0.28	-0.11	0.73	0.73	-0.81	-0.65	-0.65	0.28	-0.37	0.33	0.46
Property Plant And Equipment Gross	0.48	1.0	-0.39	-0.25	0.83	1.0	0.7	1.0	-0.53	-0.62	0.29	0.79	0.56	0.93	0.28		-0.66	0.79	0.78	-0.2	-0.52	-0.52	0.87	0.18	-0.36	0.69
Total Current Assets	-0.42	-0.64	0.69	0.62	-0.58	-0.68	-0.07	-0.67	0.58	0.78	-0.14	-0.43	-0.02	-0.79	-0.11	-0.66		-0.62	-0.63	0.37	0.69	0.69	-0.55	-0.02	-0.14	-0.54
Short Long Term Debt Total	0.23	0.8	-0.42	-0.23	0.38	0.8	0.52	0.8	-0.48	-0.35	0.75	0.52	0.25	0.75	0.73	0.79	-0.62		1.0	-0.75	-0.82	-0.82	0.68	-0.19	0.08	0.73
Net Debt	0.22	0.79	-0.43	-0.24	0.37	0.8	0.51	0.79	-0.48	-0.35	0.75	0.51	0.23	0.74	0.73	0.78	-0.63	1.0		-0.75	-0.84	-0.84	0.67	-0.2	0.1	0.73
Retained Earnings	0.13	-0.21	0.3	0.17	0.26	-0.22	-0.03	-0.22	0.23	-0.05	-0.83	0.02	0.27	-0.24	-0.81	-0.2	0.37	-0.75	-0.75		0.76	0.76	-0.1	0.57	-0.58	-0.41
Cash	-0.14	-0.52	0.52	0.35	-0.18	-0.54	-0.33	-0.53	0.28	0.29	-0.67	-0.35	0.17	-0.56	-0.65	-0.52	0.69	-0.82	-0.84	0.76		1.0	-0.42	0.25	-0.39	-0.56
Cash And Short Term Investments	-0.14	-0.52	0.52	0.35	-0.18	-0.54	-0.33	-0.53	0.28	0.29	-0.67	-0.35	0.17	-0.56	-0.65	-0.52	0.69	-0.82	-0.84	0.76	1.0		-0.42	0.25	-0.39	-0.56
Common Stock Total Equity	0.41	0.88	-0.35	-0.23	0.72	0.87	0.61	0.88	-0.46	-0.6	0.29	0.62	0.62	0.77	0.28	0.87	-0.55	0.68	0.67	-0.1	-0.42	-0.42		0.4	-0.58	0.67
Common Stock	0.23	0.18	-0.3	-0.06	0.42	0.17	0.14	0.18	0.03	-0.38	-0.37	0.25	0.33	0.11	-0.37	0.18	-0.02	-0.19	-0.2	0.57	0.25	0.25	0.4		-0.49	0.27
Current Deferred Revenue	-0.29	-0.37	-0.3	-0.1	-0.55	-0.33	-0.41	-0.35	0.12	0.27	0.33	-0.37	-0.6	-0.25	0.33	-0.36	-0.14	0.08	0.1	-0.58	-0.39	-0.39	-0.58	-0.49		-0.08
Short Term Debt	0.25	0.7	-0.46	-0.13	0.43	0.7	0.38	0.7	-0.19	-0.42	0.47	0.5	0.3	0.62	0.46	0.69	-0.54	0.73	0.73	-0.41	-0.56	-0.56	0.67	0.27	-0.08

Click cells to compare fundamentals

California Resources Account Relationship Matchups

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	Pair Corr
0.73	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.65	SD	SandRidge Energy	Pair Corr
0.7	SM	SM Energy	Pair Corr

Moving against California Stock

0.57

Empire Petroleum Corp

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:

How To Invest In California

Details

Is California Stock a good investment?

Details

What is California Resources' Net Worth?

Details

Largest Oil & Gas E&P Companies

View

Largest Energy Companies

View

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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for California Stock analysis

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.

	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Global Correlations Find global opportunities by holding instruments from different markets
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

California Net Interest Income vs Non Recurring Analysis

Net Interest Income vs Non Recurring

Net Interest Income vs Non Recurring Correlation Analysis

Correlation Coefficient

Net Interest Income

Non Recurring

California Resources fundamental ratios Correlations

California Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

California Resources fundamental ratios Accounts

Pair Trading with California Resources

Moving together with California Stock

Moving against California Stock

Complementary Tools for California Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Cash And Short Term Investments	- 0.84	Net Debt
Cash	- 0.84	Net Debt
Retained Earnings	- 0.83	Non Current Liabilities Total
Cash And Short Term Investments	- 0.82	Short Long Term Debt Total
Cash	- 0.82	Short Long Term Debt Total
Retained Earnings	- 0.81	Total Liab