Bengal Net Borrowings vs Change To Netincome Analysis
| BNG Stock | CAD 0.01 0.01 50.00% |
Bengal Energy financial indicator trend analysis is way more than just evaluating Bengal Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bengal Energy is a good investment. Please check the relationship between Bengal Energy Net Borrowings and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bengal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Borrowings vs Change To Netincome
Net Borrowings vs Change To Netincome Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bengal Energy Net Borrowings account and Change To Netincome. At this time, the significance of the direction appears to have very week relationship.
The correlation between Bengal Energy's Net Borrowings and Change To Netincome is 0.29. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Bengal Energy, assuming nothing else is changed. The correlation between historical values of Bengal Energy's Net Borrowings and Change To Netincome 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 Borrowings of Bengal Energy are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Borrowings i.e., Bengal Energy's Net Borrowings and Change To Netincome go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Change To Netincome
Most indicators from Bengal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bengal 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 Bengal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Bengal Energy's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 10th of January 2025, Enterprise Value is likely to grow to about 26.7 M, while Selling General Administrative is likely to drop about 2.6 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 6.5M | 2.0M | 2.3M | 4.2M | Total Revenue | 8.1M | 6.5M | 7.5M | 5.9M |
Bengal Energy fundamental ratios Correlations
Click cells to compare fundamentals
Bengal Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bengal Energy fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 44.2M | 48.6M | 49.7M | 34.4M | 39.5M | 30.9M | |
| Total Current Liabilities | 2.0M | 3.2M | 3.1M | 3.2M | 3.7M | 4.1M | |
| Total Stockholder Equity | 38.7M | 41.9M | 41.5M | 27.7M | 31.9M | 23.3M | |
| Property Plant And Equipment Net | 38.0M | 39.9M | 46.9M | 31.0M | 35.6M | 24.1M | |
| Net Debt | (4.4M) | (5.3M) | (763K) | (692K) | (795.8K) | (756.0K) | |
| Retained Earnings | (83.4M) | (83.8M) | (83.1M) | (95.8M) | (86.3M) | (81.9M) | |
| Accounts Payable | 1.4M | 2.4M | 2.4M | 2.6M | 3.0M | 1.6M | |
| Cash | 4.5M | 5.4M | 795K | 692K | 795.8K | 756.0K | |
| Non Current Assets Total | 38.0M | 39.9M | 46.9M | 31.0M | 35.6M | 24.3M | |
| Cash And Short Term Investments | 4.5M | 5.4M | 795K | 692K | 795.8K | 756.0K | |
| Net Receivables | 1.2M | 2.6M | 1.1M | 1.8M | 2.0M | 1.6M | |
| Common Stock Shares Outstanding | 133.1M | 436.4M | 486.2M | 485.3M | 558.1M | 586.0M | |
| Liabilities And Stockholders Equity | 44.2M | 48.6M | 49.7M | 34.4M | 39.5M | 30.9M | |
| Other Stockholder Equity | 7.9M | 8.0M | (35.7M) | 8.1M | 7.3M | 12.0M | |
| Total Liab | 5.5M | 6.7M | 8.2M | 6.7M | 7.7M | 7.6M | |
| Property Plant And Equipment Gross | 61.2M | 63.2M | 69.9M | 65.7M | 75.5M | 79.3M | |
| Total Current Assets | 6.2M | 8.7M | 2.8M | 3.4M | 3.9M | 6.7M | |
| Accumulated Other Comprehensive Income | (336K) | (1.1M) | (2.3M) | (3.4M) | (3.9M) | (4.1M) | |
| Short Long Term Debt Total | 17.9M | 99K | 68K | 32K | 36.8K | 35.0K | |
| Non Current Liabilities Total | 3.5M | 3.4M | 5.1M | 3.5M | 4.0M | 4.1M | |
| Non Currrent Assets Other | (38.0M) | (39.9M) | (46.9M) | 12.0M | 10.8M | 11.3M | |
| Other Current Assets | 1.7M | 485K | 658K | 903K | 812.7K | 1.5M | |
| Other Current Liab | 505K | 841K | 646K | 599K | 539.1K | 862.1K | |
| Short Term Debt | 17.7M | 31K | 37K | 32K | 28.8K | 27.4K | |
| Other Liab | 2.0M | 3.7M | 3.5M | 3.4M | 3.9M | 2.3M | |
| Net Tangible Assets | 21.5M | 16.9M | 38.7M | 41.9M | 37.7M | 27.7M | |
| Property Plant Equipment | 35.2M | 38.0M | 39.9M | 46.9M | 42.2M | 34.7M | |
| Capital Surpluse | 7.9M | 7.9M | 8.0M | 8.1M | 9.3M | 8.7M | |
| Net Invested Capital | 38.7M | 41.9M | 41.5M | 27.7M | 24.9M | 30.1M | |
| Cash And Equivalents | 998K | 4.5M | 5.4M | 795K | 715.5K | 679.7K | |
| Net Working Capital | 4.3M | 5.5M | (284K) | 199K | 228.9K | 240.3K | |
| Current Deferred Revenue | (17.7M) | (31K) | (37K) | (32K) | (36.8K) | (38.6K) |
Pair Trading with Bengal Energy
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 Bengal 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 Bengal Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Bengal Stock
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| 0.42 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Bengal 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 Bengal 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 Bengal 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 Bengal Energy to buy it.
The correlation of Bengal 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 Bengal Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bengal 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 Bengal 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.Other Information on Investing in Bengal Stock
Balance Sheet is a snapshot of the financial position of Bengal Energy at a specified time, usually calculated after every quarter, six months, or one year. Bengal Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bengal Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bengal currently owns. An asset can also be divided into two categories, current and non-current.