Tidewater Pb Ratio vs Capex To Depreciation Analysis

TWM Stock  CAD 0.14  0.00  0.00%   
Tidewater Midstream financial indicator trend analysis is much more than just breaking down Tidewater Midstream and prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tidewater Midstream and is a good investment. Please check the relationship between Tidewater Midstream Pb Ratio and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidewater Midstream and. 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.

Pb Ratio vs Capex To Depreciation

Pb Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tidewater Midstream and Pb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tidewater Midstream's Pb Ratio and Capex To Depreciation is -0.56. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Tidewater Midstream and, assuming nothing else is changed. The correlation between historical values of Tidewater Midstream's Pb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Tidewater Midstream and are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Pb Ratio i.e., Tidewater Midstream's Pb Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Pb Ratio

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Tidewater Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tidewater Midstream and 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 Tidewater Midstream and. 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.
As of the 4th of December 2024, Selling General Administrative is likely to drop to about 28.2 M. In addition to that, Tax Provision is likely to grow to about (48.5 M)
 2021 2022 2023 2024 (projected)
Depreciation And Amortization85.2M87.8M96.8M63.2M
Interest Income37.8M23.9M27.5M19.9M

Tidewater Midstream fundamental ratios Correlations

0.950.350.750.870.80.860.980.95-0.010.990.260.990.050.670.90.30.970.880.860.270.940.90.810.750.37
0.950.170.60.80.590.670.961.00.090.920.180.96-0.030.770.960.120.930.740.710.10.910.950.710.820.18
0.350.170.870.160.560.580.240.17-0.840.37-0.20.25-0.06-0.24-0.020.990.310.460.620.990.43-0.040.760.130.42
0.750.60.870.580.780.850.650.6-0.530.77-0.030.67-0.070.220.420.840.730.740.890.820.760.40.960.470.45
0.870.80.160.580.710.760.90.790.280.870.480.90.20.660.740.120.890.790.750.060.670.760.620.640.48
0.80.590.560.780.710.950.730.58-0.240.820.350.730.240.310.550.540.740.90.90.490.780.560.740.520.7
0.860.670.580.850.760.950.780.66-0.190.880.280.790.130.40.590.550.840.910.950.50.830.590.840.510.55
0.980.960.240.650.90.730.780.950.070.950.31.00.080.660.920.20.930.860.790.160.890.930.730.730.34
0.951.00.170.60.790.580.660.950.090.920.150.96-0.060.770.960.120.920.730.70.10.910.950.710.810.17
-0.010.09-0.84-0.530.28-0.24-0.190.070.090.010.310.070.050.550.21-0.860.12-0.21-0.23-0.88-0.20.22-0.390.05-0.28
0.990.920.370.770.870.820.880.950.920.010.20.96-0.020.710.860.320.990.840.880.290.930.850.850.750.37
0.260.18-0.2-0.030.480.350.280.30.150.310.20.290.920.180.23-0.130.210.420.27-0.240.10.29-0.040.190.41
0.990.960.250.670.90.730.791.00.960.070.960.290.060.680.920.20.950.850.80.170.90.930.740.740.33
0.05-0.03-0.06-0.070.20.240.130.08-0.060.05-0.020.920.06-0.10.010.03-0.030.260.16-0.07-0.040.07-0.11-0.010.33
0.670.77-0.240.220.660.310.40.660.770.550.710.180.68-0.10.79-0.30.770.340.4-0.310.60.740.40.770.0
0.90.96-0.020.420.740.550.590.920.960.210.860.230.920.010.79-0.060.850.690.59-0.090.870.990.560.810.15
0.30.120.990.840.120.540.550.20.12-0.860.32-0.130.20.03-0.3-0.060.250.450.60.990.39-0.070.710.080.42
0.970.930.310.730.890.740.840.930.920.120.990.210.95-0.030.770.850.250.780.850.220.890.830.820.730.28
0.880.740.460.740.790.90.910.860.73-0.210.840.420.850.260.340.690.450.780.880.390.820.720.70.60.64
0.860.710.620.890.750.90.950.790.7-0.230.880.270.80.160.40.590.60.850.880.560.830.60.850.540.47
0.270.10.990.820.060.490.50.160.1-0.880.29-0.240.17-0.07-0.31-0.090.990.220.390.560.37-0.110.70.060.36
0.940.910.430.760.670.780.830.890.91-0.20.930.10.9-0.040.60.870.390.890.820.830.370.850.830.740.28
0.90.95-0.040.40.760.560.590.930.950.220.850.290.930.070.740.99-0.070.830.720.6-0.110.850.530.740.15
0.810.710.760.960.620.740.840.730.71-0.390.85-0.040.74-0.110.40.560.710.820.70.850.70.830.530.520.29
0.750.820.130.470.640.520.510.730.810.050.750.190.74-0.010.770.810.080.730.60.540.060.740.740.520.46
0.370.180.420.450.480.70.550.340.17-0.280.370.410.330.330.00.150.420.280.640.470.360.280.150.290.46
Click cells to compare fundamentals

Tidewater Midstream Account Relationship Matchups

Tidewater Midstream fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.9B2.0B2.3B1.6B1.6B
Short Long Term Debt Total1.0B1.0B889.7M917.3M373.5M592.2M
Other Current Liab7.2M18.3M22.9M70.1M511.8M537.4M
Total Current Liabilities312.6M337.0M524.1M546.6M924.7M970.9M
Total Stockholder Equity448.6M426.7M616.7M703.3M305.9M486.3M
Other Liab158.5M190.4M190.7M326.6M375.6M204.9M
Net Tangible Assets470.1M426.7M616.7M703.3M808.8M508.0M
Property Plant And Equipment Net1.7B1.4B1.5B1.7B924.5M1.2B
Net Debt1.0B1.0B873.9M900.3M373.4M578.1M
Retained Earnings(11.7M)(37.6M)152.6M145.8M(252.9M)(240.3M)
Accounts Payable263.5M269.1M311.1M404.7M262.4M218.9M
Cash5.8M9.9M15.8M17M100K95K
Non Current Assets Total1.8B1.5B1.6B1.8B999.9M1.3B
Non Currrent Assets Other24.7M51.7M49.5M65.6M39.6M37.6M
Other Assets24.7M51.7M49.5M65.6M1.00.95
Long Term Debt837.6M855.5M541.2M736.7M222.3M211.2M
Cash And Short Term Investments5.8M9.9M15.8M17M336.7M353.5M
Net Receivables172.3M170.0M242.9M269.9M147.8M147.2M
Common Stock Total Equity431.1M433.7M441.0M442.1M508.4M424.9M
Common Stock Shares Outstanding332.9M338.2M411.8M380.4M425.4M379.1M
Long Term Debt Total970.3M993.3M699.6M870.3M1.0B562.8M
Liabilities And Stockholders Equity2.0B1.9B2.0B2.3B1.6B1.6B
Non Current Liabilities Total1.3B1.1B803.8M981.7M338.4M321.5M
Inventory57.8M38.5M59.4M87.9M98.1M103.0M
Other Current Assets21.3M127.4M44.3M76.1M21.1M40.9M
Other Stockholder Equity3.4M(21.4M)1.0(13.6M)1.151.21
Total Liab1.6B1.4B1.3B1.5B1.3B1.1B
Property Plant And Equipment Gross1.7B1.4B1.8B2.0B1.7B1.4B
Total Current Assets257.1M345.8M362.4M450.9M603.7M633.9M
Accumulated Other Comprehensive Income14.5M17.3M13.6M15M18M10.3M
Short Term Debt41.8M49.6M190.1M71.8M134.3M91.7M
Common Stock441.0M442.1M445.6M537.6M540.8M469.5M
Property Plant Equipment1.5B1.4B1.5B1.7B1.9B1.2B
Net Invested Capital1.3B1.3B1.3B1.4B630.9M1.2B
Long Term Investments53.8M55.0M61.2M94.5M34.8M47.6M
Net Working Capital(55.5M)8.8M(161.7M)(95.7M)(321M)(305.0M)
Capital Stock441.0M442.1M445.6M537.6M540.8M520.8M

Pair Trading with Tidewater Midstream

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 Tidewater Midstream 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 Tidewater Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving against Tidewater Stock

  0.88ENS-PA E Split CorpPairCorr
  0.84BOFA Bank of AmericaPairCorr
  0.81JPM JPMorgan ChasePairCorr
  0.78AMZN Amazon CDRPairCorr
  0.71ENS E Split CorpPairCorr
The ability to find closely correlated positions to Tidewater Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater Midstream 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 Tidewater Midstream - 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 Tidewater Midstream and to buy it.
The correlation of Tidewater Midstream 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 Tidewater Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater Midstream and 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 Tidewater Midstream 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Tidewater Stock

Balance Sheet is a snapshot of the financial position of Tidewater Midstream and at a specified time, usually calculated after every quarter, six months, or one year. Tidewater Midstream Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tidewater Midstream 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 Tidewater currently owns. An asset can also be divided into two categories, current and non-current.