| GPOR Stock | | | USD 175.80 1.44 0.81% |
Gulfport Energy financial indicator trend analysis is much more than just examining Gulfport Energy Operating latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gulfport Energy Operating is a good investment. Please check the relationship between Gulfport Energy Total Stockholder Equity and its Total Current Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulfport Energy Operating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Total Stockholder Equity vs Total Current Assets
Total Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gulfport Energy Operating Total Stockholder Equity account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Gulfport Energy's Total Stockholder Equity and Total Current Assets is 0.27. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Gulfport Energy Operating, assuming nothing else is changed. The correlation between historical values of Gulfport Energy's Total Stockholder Equity and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Gulfport Energy Operating are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Stockholder Equity i.e., Gulfport Energy's Total Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Gulfport Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gulfport Energy Operating 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulfport Energy Operating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
As of 12/01/2024,
Enterprise Value is likely to grow to about 11.2
B, while
Selling General Administrative is likely to drop slightly above 36.7
M.
Gulfport Energy fundamental ratios Correlations
Click cells to compare fundamentals
Gulfport Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gulfport Energy fundamental ratios Accounts
Pair Trading with Gulfport 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 Gulfport 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 Gulfport Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Gulfport 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 Gulfport 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 Gulfport 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 Gulfport Energy Operating to buy it.
The correlation of Gulfport 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 Gulfport Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gulfport Energy Operating 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 Gulfport 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.
Additional Tools for Gulfport Stock Analysis
When running Gulfport Energy's price analysis, check to
measure Gulfport 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 Gulfport Energy is operating at the current time. Most of Gulfport Energy's value examination focuses on studying past and present price action to
predict the probability of Gulfport 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 Gulfport Energy's price. Additionally, you may evaluate how the addition of Gulfport Energy to your portfolios can decrease your overall portfolio volatility.