Total Income Quality vs Pocfratio Analysis
TOT Stock | CAD 11.75 0.25 2.08% |
Total Energy financial indicator trend analysis is much more than just breaking down Total Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Total Energy Services is a good investment. Please check the relationship between Total Energy Income Quality and its Pocfratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Total Energy Services. 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.
Income Quality vs Pocfratio
Income Quality vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Total Energy Services Income Quality account and Pocfratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Total Energy's Income Quality and Pocfratio is 0.16. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Pocfratio in the same time period over historical financial statements of Total Energy Services, assuming nothing else is changed. The correlation between historical values of Total Energy's Income Quality and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Total Energy Services are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Income Quality i.e., Total Energy's Income Quality and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Pocfratio
Most indicators from Total Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Total Energy Services 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Total Energy Services. 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, Total Energy's Tax Provision is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 26.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 406.2M | 668.6M | 759.1M | 797.0M | EBITDA | 86.0M | 131.3M | 169.0M | 177.4M |
Total Energy fundamental ratios Correlations
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Total Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Total Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 997.2M | 849.6M | 813.5M | 878.6M | 861.7M | 493.0M | |
Short Long Term Debt Total | 298.3M | 247.9M | 202.6M | 134.8M | 108.8M | 103.9M | |
Total Current Liabilities | 152.2M | 61.7M | 88.4M | 187.8M | 177.0M | 185.9M | |
Total Stockholder Equity | 543.4M | 510.4M | 492.9M | 521.5M | 530.2M | 293.2M | |
Property Plant And Equipment Net | 730.6M | 637.7M | 576.3M | 567.5M | 557.2M | 345.5M | |
Net Debt | 278.4M | 224.9M | 169.3M | 100.7M | 60.8M | 90.1M | |
Retained Earnings | 268.1M | 240.1M | 242.9M | 273.8M | 299.7M | 167.3M | |
Accounts Payable | 50.4M | 16.5M | 33.6M | 53.2M | 43.4M | 26.5M | |
Non Current Assets Total | 741.7M | 648.9M | 587.8M | 578.6M | 561.2M | 352.9M | |
Net Receivables | 118.3M | 74.7M | 92.8M | 155.1M | 137.6M | 70.2M | |
Common Stock Shares Outstanding | 45.6M | 45.1M | 44.7M | 43.0M | 41.1M | 35.7M | |
Liabilities And Stockholders Equity | 997.2M | 849.6M | 813.5M | 878.6M | 861.7M | 493.0M | |
Non Current Liabilities Total | 301.8M | 276.8M | 231.7M | 168.8M | 153.9M | 123.3M | |
Inventory | 105.7M | 95.6M | 89.9M | 91.6M | 98.2M | 49.3M | |
Other Current Assets | 11.5M | 7.4M | 9.7M | 19.2M | 16.7M | 17.6M | |
Other Stockholder Equity | 7.5M | 5.0M | 5.8M | 3.6M | 4.8M | 4.6M | |
Total Liab | 454.0M | 338.6M | 320.1M | 356.6M | 330.9M | 199.7M | |
Property Plant And Equipment Gross | 730.6M | 637.7M | 1.2B | 1.2B | 1.3B | 1.3B | |
Total Current Assets | 255.4M | 200.7M | 225.7M | 300.0M | 300.5M | 315.5M | |
Accumulated Other Comprehensive Income | (16.7M) | (18.7M) | (26.7M) | (17.0M) | (25.5M) | (26.8M) | |
Short Term Debt | 49.9M | 9.0M | 6.6M | 7.2M | 7.9M | 15.7M | |
Other Current Liab | 79.7M | 48.1M | 53.9M | 114.8M | 76.6M | 80.4M | |
Cash | 19.9M | 23.0M | 33.4M | 34.1M | 47.9M | 50.3M | |
Cash And Short Term Investments | 19.9M | 23.0M | 33.4M | 34.1M | 47.9M | 50.3M | |
Current Deferred Revenue | 3.9M | 6.4M | 16.3M | 63.9M | 39.3M | 41.3M | |
Common Stock Total Equity | 291.3M | 288.9M | 284.5M | 284.1M | 326.7M | 179.9M | |
Common Stock | 284.5M | 284.1M | 270.9M | 261.1M | 251.3M | 204.7M | |
Other Liab | 53.4M | 37.9M | 35.7M | 41.1M | 37.0M | 41.0M | |
Net Tangible Assets | 539.3M | 506.3M | 488.8M | 517.4M | 595.0M | 506.4M | |
Long Term Debt | 236.3M | 230.5M | 187.9M | 118.0M | 90.9M | 162.5M | |
Short Long Term Debt | 41.6M | 2.6M | 2.6M | 2.0M | 2.1M | 1.9M | |
Property Plant Equipment | 730.6M | 637.7M | 576.3M | 567.5M | 652.6M | 621.8M | |
Long Term Debt Total | 248.4M | 238.9M | 196.0M | 127.6M | 146.8M | 220.3M | |
Capital Surpluse | 7.5M | 5.0M | 5.8M | 3.6M | 3.2M | 4.6M | |
Capital Lease Obligations | 20.4M | 14.8M | 12.1M | 14.8M | 15.8M | 13.2M |
Pair Trading with Total 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 Total 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 Total Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Total Stock
0.81 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.67 | ENB-PFC | Enbridge Pref 11 | PairCorr |
0.87 | ENS | E Split Corp | PairCorr |
0.93 | ENS-PA | E Split Corp | PairCorr |
Moving against Total Stock
The ability to find closely correlated positions to Total 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 Total 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 Total 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 Total Energy Services to buy it.
The correlation of Total 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 Total Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Total Energy Services 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 Total 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 Total Stock
Balance Sheet is a snapshot of the financial position of Total Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Total Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Total 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 Total currently owns. An asset can also be divided into two categories, current and non-current.