White Energy Revenue vs. Cash and Equivalents
| WECFF Stock | USD 0.04 0.02 41.17% |
For White Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of White Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well White Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between White Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of White Energy over time as well as its relative position and ranking within its peers.
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White Energy Cash and Equivalents vs. Revenue Fundamental Analysis
White Revenue vs. Competition
White Energy is rated second in revenue category among related companies. Market size based on revenue of Thermal Coal industry is at this time estimated at about 5.08 Billion. White Energy adds roughly 90,000 in revenue claiming only tiny portion of equities listed under Thermal Coal industry.
White Cash and Equivalents vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
White Energy |
| = | 90 K |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
White Energy | = | null |
Use White Energy in pair-trading
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 White 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 White Energy will appreciate offsetting losses from the drop in the long position's value.White Energy Pair Trading
White Energy Pair Trading Analysis
The ability to find closely correlated positions to White 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 White 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 White 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 White Energy to buy it.
The correlation of White 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 White Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if White 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 White 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.Use Investing Themes to Complement your White Energy position
In addition to having White Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Investor Favorites Thematic Idea Now
Investor Favorites
Macroaxis most traded equities with largest long positions over the last 2 years. The Investor Favorites theme has 21 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Investor Favorites Theme or any other thematic opportunities.
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Check out Your Current Watchlist. Note that the White Energy information on this page should be used as a complementary analysis to other White Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for White Pink Sheet analysis
When running White Energy's price analysis, check to measure White 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 White Energy is operating at the current time. Most of White Energy's value examination focuses on studying past and present price action to predict the probability of White 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 White Energy's price. Additionally, you may evaluate how the addition of White Energy to your portfolios can decrease your overall portfolio volatility.
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To fully project White Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of White Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include White Energy's income statement, its balance sheet, and the statement of cash flows.