West Canyon Energy Stock Return On Asset
| WCYN Stock | USD 0.0002 0.00 0.00% |
West Canyon Energy fundamentals help investors to digest information that contributes to West Canyon's financial success or failures. It also enables traders to predict the movement of West Stock. The fundamental analysis module provides a way to measure West Canyon's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to West Canyon stock.
West | Return On Asset |
West Canyon Energy Company Return On Asset Analysis
West Canyon's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current West Canyon Return On Asset | -1.33 |
Most of West Canyon's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, West Canyon Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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West Total Assets
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Based on the latest financial disclosure, West Canyon Energy has a Return On Asset of -1.3316. This is 3429.0% lower than that of the Oil, Gas & Consumable Fuels sector and 81.71% lower than that of the Energy industry. The return on asset for all United States stocks is notably higher than that of the company.
West Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses West Canyon's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of West Canyon could also be used in its relative valuation, which is a method of valuing West Canyon by comparing valuation metrics of similar companies.West Canyon is currently under evaluation in return on asset category among its peers.
West Fundamentals
| Return On Asset | -1.33 | ||||
| Current Valuation | 111.03 K | ||||
| Shares Outstanding | 22.21 M | ||||
| Shares Owned By Institutions | 7.02 % | ||||
| Price To Earning | (0.03) X | ||||
| Price To Book | 0.43 X | ||||
| EBITDA | 729.9 K | ||||
| Net Income | (2.53 M) | ||||
| Cash And Equivalents | 1.74 K | ||||
| Total Debt | 1.19 M | ||||
| Debt To Equity | 1.44 % | ||||
| Book Value Per Share | (0.07) X | ||||
| Cash Flow From Operations | (273.2 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 18.36 | ||||
| Market Capitalization | 111.03 K | ||||
| Total Asset | 30.04 K | ||||
| Retained Earnings | (7.95 M) | ||||
| Working Capital | (1.6 M) | ||||
| Current Asset | 2 K | ||||
| Current Liabilities | 1.6 M | ||||
| Net Asset | 30.04 K |
About West Canyon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze West Canyon Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of West Canyon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of West Canyon Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with West Canyon
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 West Canyon 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 West Canyon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to West Canyon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Canyon 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 West Canyon - 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 West Canyon Energy to buy it.
The correlation of West Canyon 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 West Canyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Canyon 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 West Canyon 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 West Canyon Piotroski F Score and West Canyon Altman Z Score analysis. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Oil & Gas Exploration & Production space 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 West Canyon. If investors know West 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 West Canyon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (1.33) |
The market value of West Canyon Energy is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Canyon's value that differs from its market value or its book value, called intrinsic value, which is West Canyon'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 West Canyon's market value can be influenced by many factors that don't directly affect West Canyon'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 West Canyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Canyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Canyon'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.