Touchstone Book Value Per Share vs Average Payables Analysis
| TXP Stock | CAD 0.40 0.01 2.44% |
Touchstone Exploration financial indicator trend analysis is much more than just breaking down Touchstone Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone Exploration is a good investment. Please check the relationship between Touchstone Exploration Book Value Per Share and its Average Payables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Exploration. 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.
Book Value Per Share vs Average Payables
Book Value Per Share vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Touchstone Exploration Book Value Per Share account and Average Payables. At this time, the significance of the direction appears to have no relationship.
The correlation between Touchstone Exploration's Book Value Per Share and Average Payables is 0.04. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Touchstone Exploration, assuming nothing else is changed. The correlation between historical values of Touchstone Exploration's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Touchstone Exploration are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Touchstone Exploration's Book Value Per Share and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.04 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from Touchstone Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone Exploration 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 Touchstone Exploration. 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, Touchstone Exploration's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 8.3 M, while Issuance Of Capital Stock is likely to drop about 199.5 K.
Touchstone Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Touchstone Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Touchstone Exploration fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 85.0M | 104.6M | 143.0M | 147.9M | 138.9M | 132.0M | |
| Total Current Liabilities | 15.3M | 16.4M | 20.9M | 21.4M | 30.2M | 28.6M | |
| Total Stockholder Equity | 30.1M | 60.4M | 67.6M | 78.4M | 59.8M | 56.8M | |
| Property Plant And Equipment Net | 69.3M | 73.7M | 112.0M | 118.5M | 113.2M | 107.5M | |
| Net Debt | 8.9M | (16.8M) | 14.2M | 12M | 22.7M | 21.5M | |
| Retained Earnings | (19.1M) | (30.2M) | (24.4M) | (27.6M) | (48.2M) | (45.8M) | |
| Accounts Payable | 12.1M | 16.2M | 15.1M | 10.8M | 13.4M | 12.7M | |
| Cash | 6.2M | 24.3M | 17.9M | 16.3M | 8.2M | 7.8M | |
| Non Current Assets Total | 70.9M | 75.2M | 115.2M | 121.5M | 116.4M | 110.6M | |
| Non Currrent Assets Other | 1.6M | 1.5M | 3.1M | 2.9M | 3.2M | 3.0M | |
| Cash And Short Term Investments | 6.2M | 24.3M | 17.9M | 16.3M | 8.2M | 7.8M | |
| Common Stock Shares Outstanding | 155.8M | 183.8M | 217.7M | 213.2M | 233.5M | 245.2M | |
| Liabilities And Stockholders Equity | 85.0M | 104.6M | 143.0M | 147.9M | 138.9M | 132.0M | |
| Other Stockholder Equity | 2.3M | 2.5M | 3.5M | 4.9M | 6.2M | 5.9M | |
| Total Liab | 54.9M | 44.2M | 75.5M | 69.5M | 79.2M | 75.2M | |
| Property Plant And Equipment Gross | 69.3M | 73.7M | 199M | 210.3M | 200.1M | 190.1M | |
| Total Current Assets | 14.1M | 29.3M | 27.9M | 26.4M | 22.6M | 21.4M | |
| Short Long Term Debt Total | 15.1M | 7.5M | 32.2M | 28.3M | 30.9M | 29.3M | |
| Other Current Liab | 1.6M | 210K | 2.6M | 2.7M | 2.1M | 2.0M | |
| Other Assets | 1.6M | 1.5M | 3.1M | 2.5M | 2.9M | 3.0M | |
| Net Receivables | 3.1M | 4.7M | 2.0M | 3.3M | 7.8M | 7.4M | |
| Non Current Liabilities Total | 39.7M | 27.8M | 54.5M | 48.1M | 49.0M | 46.6M | |
| Inventory | 71K | 92K | 143K | 129K | 91K | 86.5K | |
| Other Current Assets | 4.8M | 254K | 7.8M | 6.7M | 6.5M | 6.2M | |
| Accumulated Other Comprehensive Income | (14.6M) | (13.3M) | (13.2M) | (13.5M) | (13.1M) | (13.8M) | |
| Common Stock | 61.5M | 101.4M | 101.8M | 114.6M | 115.0M | 79.5M | |
| Other Liab | 25.6M | 20.3M | 25.4M | 25.7M | 29.6M | 25.5M | |
| Net Tangible Assets | 30.1M | 60.4M | 67.6M | 78.4M | 70.5M | 43.5M | |
| Property Plant Equipment | 69.3M | 73.7M | 112.0M | 118.5M | 136.3M | 84.9M | |
| Long Term Debt | 14.0M | 7.2M | 26.9M | 21.0M | 15.0M | 14.9M | |
| Capital Surpluse | 2.3M | 2.5M | 3.5M | 4.9M | 5.6M | 2.8M | |
| Common Stock Total Equity | 21.6M | 19.9M | 61.5M | 101.4M | 91.2M | 52.9M | |
| Long Term Debt Total | 14.1M | 7.5M | 29.2M | 22.3M | 25.7M | 16.5M |
Pair Trading with Touchstone Exploration
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 Touchstone Exploration 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 Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Touchstone Stock
| 0.75 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.74 | BUI | Buhler Industries | PairCorr |
| 0.68 | ENS-PA | E Split Corp | PairCorr |
| 0.64 | ENS | E Split Corp | PairCorr |
| 0.6 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration 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 Touchstone Exploration - 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 Touchstone Exploration to buy it.
The correlation of Touchstone Exploration 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 Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration 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 Touchstone Exploration 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 Touchstone Stock
Balance Sheet is a snapshot of the financial position of Touchstone Exploration at a specified time, usually calculated after every quarter, six months, or one year. Touchstone Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone Exploration 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 Touchstone currently owns. An asset can also be divided into two categories, current and non-current.