Western Free Cash Flow vs Change To Inventory Analysis

WEF Stock

CAD 0.45 0.02 4.26%

Western Forest financial indicator trend analysis is more than just analyzing Western Forest Products current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Forest Products is a good investment. Please check the relationship between Western Forest Free Cash Flow and its Change To Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Forest Products. 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.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Forest Products Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Western Forest's Free Cash Flow and Change To Inventory is -0.51. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Western Forest Products, assuming nothing else is changed. The correlation between historical values of Western Forest's Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Western Forest Products are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Western Forest's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Western Forest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Forest Products 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Forest Products. 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 2nd of December 2024, Selling General Administrative is likely to drop to about 40.4 M. In addition to that, Discontinued Operations is likely to drop to about 6.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	399M	254.5M	50.6M	48.1M
Total Revenue	1.4B	1.4B	1.0B	1.0B

Gross Profit Total Revenue

Western Forest fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		-0.26	0.53	0.88	0.71	-0.36	0.94	0.65	0.39	0.88	0.52	0.39	0.08	-0.19	-0.18	0.85	0.66	-0.19	0.18	0.86	0.83	-0.62	-0.18	-0.79	-0.74	-0.85
Short Long Term Debt Total	-0.26		0.01	-0.66	0.32	0.95	-0.08	-0.48	-0.32	-0.2	-0.52	-0.32	-0.2	-0.81	0.9	0.0	-0.18	0.87	0.79	-0.05	-0.26	0.35	0.01	0.0	0.27	0.28
Total Current Liabilities	0.53	0.01		0.3	0.32	-0.21	0.51	0.71	0.66	0.15	0.23	0.66	0.27	-0.44	-0.13	0.68	0.09	0.33	0.5	0.5	0.82	-0.04	0.03	-0.33	-0.03	-0.2
Total Stockholder Equity	0.88	-0.66	0.3		0.45	-0.68	0.76	0.65	0.37	0.8	0.61	0.37	0.17	0.21	-0.52	0.61	0.56	-0.55	-0.27	0.66	0.69	-0.66	-0.11	-0.57	-0.68	-0.76
Property Plant And Equipment Net	0.71	0.32	0.32	0.45		0.26	0.72	0.2	0.03	0.77	0.1	0.03	-0.05	-0.61	0.44	0.61	0.37	0.32	0.58	0.63	0.41	-0.42	-0.15	-0.58	-0.41	-0.46
Net Debt	-0.36	0.95	-0.21	-0.68	0.26		-0.18	-0.52	-0.6	-0.19	-0.53	-0.6	-0.13	-0.69	0.89	-0.1	-0.15	0.77	0.65	-0.17	-0.45	0.35	0.05	0.08	0.25	0.3
Retained Earnings	0.94	-0.08	0.51	0.76	0.72	-0.18		0.59	0.29	0.81	0.34	0.29	0.17	-0.39	-0.1	0.86	0.7	0.02	0.22	0.83	0.8	-0.53	-0.13	-0.78	-0.74	-0.83
Accounts Payable	0.65	-0.48	0.71	0.65	0.2	-0.52	0.59		0.34	0.38	0.39	0.34	0.6	0.01	-0.55	0.64	0.43	-0.19	-0.04	0.42	0.77	-0.22	0.13	-0.36	-0.39	-0.46
Cash	0.39	-0.32	0.66	0.37	0.03	-0.6	0.29	0.34		0.06	0.33	1.0	-0.15	0.04	-0.37	0.3	-0.09	-0.09	0.08	0.37	0.66	-0.14	-0.1	-0.18	-0.01	-0.16
Non Current Assets Total	0.88	-0.2	0.15	0.8	0.77	-0.19	0.81	0.38	0.06		0.44	0.06	-0.12	-0.09	0.01	0.62	0.64	-0.29	0.1	0.68	0.46	-0.67	-0.24	-0.69	-0.81	-0.82
Non Currrent Assets Other	0.52	-0.52	0.23	0.61	0.1	-0.53	0.34	0.39	0.33	0.44		0.33	-0.18	0.27	-0.34	0.53	0.08	-0.46	-0.16	0.56	0.46	-0.44	-0.37	-0.48	-0.22	-0.42
Cash And Short Term Investments	0.39	-0.32	0.66	0.37	0.03	-0.6	0.29	0.34	1.0	0.06	0.33		-0.15	0.04	-0.37	0.3	-0.09	-0.09	0.08	0.37	0.66	-0.14	-0.1	-0.18	-0.01	-0.16
Net Receivables	0.08	-0.2	0.27	0.17	-0.05	-0.13	0.17	0.6	-0.15	-0.12	-0.18	-0.15		-0.09	-0.44	0.13	0.17	0.09	-0.22	-0.1	0.28	0.13	0.54	0.12	0.0	0.03
Common Stock Shares Outstanding	-0.19	-0.81	-0.44	0.21	-0.61	-0.69	-0.39	0.01	0.04	-0.09	0.27	0.04	-0.09		-0.65	-0.45	-0.03	-0.91	-0.84	-0.35	-0.26	-0.14	-0.04	0.26	-0.1	0.0
Non Current Liabilities Total	-0.18	0.9	-0.13	-0.52	0.44	0.89	-0.1	-0.55	-0.37	0.01	-0.34	-0.37	-0.44	-0.65		-0.01	-0.17	0.65	0.79	0.04	-0.35	0.22	-0.11	-0.03	0.16	0.17
Inventory	0.85	0.0	0.68	0.61	0.61	-0.1	0.86	0.64	0.3	0.62	0.53	0.3	0.13	-0.45	-0.01		0.56	0.12	0.41	0.9	0.86	-0.43	-0.21	-0.83	-0.51	-0.71
Other Current Assets	0.66	-0.18	0.09	0.56	0.37	-0.15	0.7	0.43	-0.09	0.64	0.08	-0.09	0.17	-0.03	-0.17	0.56		-0.28	-0.1	0.57	0.48	-0.39	-0.14	-0.71	-0.86	-0.86
Other Stockholder Equity	-0.19	0.87	0.33	-0.55	0.32	0.77	0.02	-0.19	-0.09	-0.29	-0.46	-0.09	0.09	-0.91	0.65	0.12	-0.28		0.77	-0.01	-0.01	0.39	0.1	0.06	0.43	0.39
Total Liab	0.18	0.79	0.5	-0.27	0.58	0.65	0.22	-0.04	0.08	0.1	-0.16	0.08	-0.22	-0.84	0.79	0.41	-0.1	0.77		0.35	0.21	0.16	-0.08	-0.23	0.12	0.02
Property Plant And Equipment Gross	0.86	-0.05	0.5	0.66	0.63	-0.17	0.83	0.42	0.37	0.68	0.56	0.37	-0.1	-0.35	0.04	0.9	0.57	-0.01	0.35		0.79	-0.42	-0.29	-0.82	-0.54	-0.78
Total Current Assets	0.83	-0.26	0.82	0.69	0.41	-0.45	0.8	0.77	0.66	0.46	0.46	0.66	0.28	-0.26	-0.35	0.86	0.48	-0.01	0.21	0.79		-0.37	-0.05	-0.66	-0.43	-0.62
Short Term Debt	-0.62	0.35	-0.04	-0.66	-0.42	0.35	-0.53	-0.22	-0.14	-0.67	-0.44	-0.14	0.13	-0.14	0.22	-0.43	-0.39	0.39	0.16	-0.42	-0.37		0.38	0.6	0.54	0.54
Other Current Liab	-0.18	0.01	0.03	-0.11	-0.15	0.05	-0.13	0.13	-0.1	-0.24	-0.37	-0.1	0.54	-0.04	-0.11	-0.21	-0.14	0.1	-0.08	-0.29	-0.05	0.38		0.39	0.16	0.23
Intangible Assets	-0.79	0.0	-0.33	-0.57	-0.58	0.08	-0.78	-0.36	-0.18	-0.69	-0.48	-0.18	0.12	0.26	-0.03	-0.83	-0.71	0.06	-0.23	-0.82	-0.66	0.6	0.39		0.63	0.76
Common Stock Total Equity	-0.74	0.27	-0.03	-0.68	-0.41	0.25	-0.74	-0.39	-0.01	-0.81	-0.22	-0.01	0.0	-0.1	0.16	-0.51	-0.86	0.43	0.12	-0.54	-0.43	0.54	0.16	0.63		0.94
Common Stock	-0.85	0.28	-0.2	-0.76	-0.46	0.3	-0.83	-0.46	-0.16	-0.82	-0.42	-0.16	0.03	0.0	0.17	-0.71	-0.86	0.39	0.02	-0.78	-0.62	0.54	0.23	0.76	0.94

Click cells to compare fundamentals

Western Forest Account Relationship Matchups

Western Forest fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	782.5M	852.2M	959M	932.8M	915.4M	829.1M
Short Long Term Debt Total	134.3M	93.7M	18.3M	20.6M	104.6M	97.1M
Total Current Liabilities	48.6M	125.6M	194.3M	125.8M	121M	104.3M
Total Stockholder Equity	481.8M	504.5M	612.1M	647.2M	565M	467.4M
Property Plant And Equipment Net	414.9M	383.3M	343.2M	364.7M	403.7M	277.7M
Net Debt	132.2M	90.8M	(111.7M)	4.8M	102.3M	77.5M
Retained Earnings	(6.8M)	16.1M	184.5M	229.1M	148.9M	156.3M
Accounts Payable	35M	108.7M	112.8M	108.5M	98.7M	94.3M
Cash	2.1M	2.9M	130M	15.8M	2.3M	2.2M
Non Current Assets Total	593.6M	588.5M	548M	595.6M	580.5M	532.8M
Cash And Short Term Investments	2.1M	2.9M	130M	15.8M	2.3M	2.2M
Net Receivables	40.1M	66.8M	57.4M	77.4M	74.4M	75.6M
Common Stock Shares Outstanding	377.6M	375.4M	361.5M	325.1M	316.7M	367.3M
Liabilities And Stockholders Equity	782.5M	852.2M	959M	932.8M	915.4M	829.1M
Non Current Liabilities Total	251.3M	221M	147.5M	155.3M	226.5M	158.2M
Inventory	132M	177.9M	207.2M	224.8M	213.5M	184.2M
Other Current Assets	14.7M	16.1M	16.4M	21.8M	44.7M	46.9M
Other Stockholder Equity	9.1M	9.6M	10.4M	9M	8.8M	14.1M
Total Liab	299.9M	346.6M	341.8M	281.1M	347.5M	262.5M
Property Plant And Equipment Gross	414.9M	383.3M	787.5M	848.3M	868.3M	458.4M
Total Current Assets	188.9M	263.7M	411M	339.8M	334.9M	296.5M
Accumulated Other Comprehensive Income	(900K)	(1.9M)	(2.2M)	3.6M	1.9M	2.0M
Short Term Debt	(5.8M)	6.8M	5.5M	4.2M	7.8M	7.4M
Other Current Liab	6.7M	8.1M	9.9M	11.1M	12.3M	11.7M
Intangible Assets	109.2M	105M	100.3M	96.3M	92.3M	91.2M
Other Liab	120.9M	134.1M	134.7M	138.9M	159.7M	136.5M
Net Tangible Assets	372.6M	399.5M	511.8M	543.9M	625.5M	439.5M
Long Term Debt	6M	113.4M	71.5M	83.8M	75.4M	42.7M
Long Term Investments	9M	8.8M	10M	11M	12.7M	11.3M
Property Plant Equipment	470.9M	436.9M	392.3M	413.8M	475.9M	416.3M
Long Term Debt Total	128.4M	86.9M	12.8M	16.4M	14.8M	14.0M
Capital Surpluse	9.1M	9.6M	10.4M	9M	10.5M	9.9M
Non Current Liabilities Other	400K	1.4M	3.5M	3.7M	1.9M	2.0M
Cash And Equivalents	2.1M	2.9M	130M	15.8M	18.2M	33.6M

Pair Trading with Western Forest

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 Western Forest 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 Western Forest will appreciate offsetting losses from the drop in the long position's value.

Moving together with Western Stock

0.64

ORE

Orezone Gold Corp

Pair Corr

Moving against Western Stock

0.31

BUI

Buhler Industries

Pair Corr

The ability to find closely correlated positions to Western Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Forest 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 Western Forest - 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 Western Forest Products to buy it.

The correlation of Western Forest 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 Western Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Forest Products 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 Western Forest 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 Correlation Correlation Matching

Other Information on Investing in Western Stock

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

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Western Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

Western Forest fundamental ratios Correlations

Western Forest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Forest fundamental ratios Accounts

Pair Trading with Western Forest

Moving together with Western Stock

Moving against Western Stock

Other Information on Investing in Western Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.95	Short Long Term Debt Total
Retained Earnings	+ 0.94	Total Assets
Common Stock	+ 0.94	Common Stock Total Equity
Non Current Liabilities Total	+ 0.9	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.9	Inventory

Other Stockholder Equity	- 0.91	Common Stock Shares Outstanding
Common Stock	- 0.86	Other Current Assets
Common Stock Total Equity	- 0.86	Other Current Assets
Common Stock	- 0.85	Total Assets
Total Liab	- 0.84	Common Stock Shares Outstanding
Intangible Assets	- 0.83	Inventory