West Common Stock vs Total Current Liabilities Analysis

WFG Stock  CAD 131.15  1.25  0.94%   
West Fraser financial indicator trend analysis is more than just analyzing West Fraser Timber current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether West Fraser Timber is a good investment. Please check the relationship between West Fraser Common Stock and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Fraser Timber. 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.

Common Stock vs Total Current Liabilities

Common Stock vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of West Fraser Timber Common Stock account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between West Fraser's Common Stock and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of West Fraser Timber, assuming nothing else is changed. The correlation between historical values of West Fraser's Common Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of West Fraser Timber are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock i.e., West Fraser's Common Stock and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Common Stock

Total Current Liabilities

Total Current Liabilities is an item on West Fraser balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of West Fraser Timber are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from West Fraser's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into West Fraser Timber 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 West Fraser Timber. 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, West Fraser's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 10th of December 2024, Enterprise Value Multiple is likely to grow to 21.03, while Selling General Administrative is likely to drop about 212.7 M.
 2021 2022 2023 2024 (projected)
Total Revenue10.5B9.7B6.5B3.5B
Depreciation And Amortization732.2M766.8M730.2M766.7M

West Fraser fundamental ratios Correlations

0.080.50.911.00.990.63-0.880.990.870.951.00.410.960.820.570.760.840.69-0.830.840.990.120.520.980.99
0.080.010.070.040.140.120.320.09-0.050.040.10.220.030.04-0.510.370.1-0.09-0.160.250.050.010.24-0.070.13
0.50.010.470.470.46-0.16-0.430.420.50.470.450.380.680.780.620.690.75-0.18-0.450.740.62-0.320.760.520.43
0.910.070.470.90.90.6-0.750.880.760.80.910.140.870.740.580.570.750.67-0.780.770.90.350.310.90.89
1.00.040.470.90.990.65-0.90.990.860.951.00.410.950.810.580.730.830.72-0.820.820.980.130.50.980.99
0.990.140.460.90.990.65-0.860.990.850.941.00.410.950.790.510.760.820.7-0.830.830.970.120.510.961.0
0.630.12-0.160.60.650.65-0.550.680.410.550.670.270.420.330.250.260.40.71-0.580.350.520.420.130.580.65
-0.880.32-0.43-0.75-0.9-0.86-0.55-0.89-0.79-0.87-0.88-0.39-0.85-0.73-0.71-0.54-0.74-0.630.72-0.64-0.87-0.08-0.43-0.91-0.86
0.990.090.420.880.990.990.68-0.890.840.960.990.460.930.780.520.730.810.72-0.850.80.960.140.510.950.99
0.87-0.050.50.760.860.850.41-0.790.840.830.860.350.870.890.590.770.870.59-0.60.870.88-0.050.480.880.85
0.950.040.470.80.950.940.55-0.870.960.830.950.580.930.770.460.760.80.66-0.860.790.940.030.580.90.94
1.00.10.450.911.01.00.67-0.880.990.860.950.410.940.80.550.740.820.72-0.830.820.980.150.490.971.0
0.410.220.380.140.410.410.27-0.390.460.350.580.410.420.490.090.640.550.01-0.480.490.43-0.320.860.30.4
0.960.030.680.870.950.950.42-0.850.930.870.930.940.420.870.60.810.870.54-0.810.880.99-0.040.610.950.94
0.820.040.780.740.810.790.33-0.730.780.890.770.80.490.870.710.870.980.28-0.640.960.87-0.140.720.820.78
0.57-0.510.620.580.580.510.25-0.710.520.590.460.550.090.60.710.370.640.22-0.330.520.62-0.070.370.680.5
0.760.370.690.570.730.760.26-0.540.730.770.760.740.640.810.870.370.880.22-0.640.930.8-0.290.80.690.75
0.840.10.750.750.830.820.4-0.740.810.870.80.820.550.870.980.640.880.29-0.730.970.88-0.130.750.820.8
0.69-0.09-0.180.670.720.70.71-0.630.720.590.660.720.010.540.280.220.220.29-0.490.320.60.5-0.110.70.73
-0.83-0.16-0.45-0.78-0.82-0.83-0.580.72-0.85-0.6-0.86-0.83-0.48-0.81-0.64-0.33-0.64-0.73-0.49-0.72-0.82-0.2-0.49-0.75-0.82
0.840.250.740.770.820.830.35-0.640.80.870.790.820.490.880.960.520.930.970.32-0.720.88-0.10.710.80.81
0.990.050.620.90.980.970.52-0.870.960.880.940.980.430.990.870.620.80.880.6-0.820.880.040.580.970.97
0.120.01-0.320.350.130.120.42-0.080.14-0.050.030.15-0.32-0.04-0.14-0.07-0.29-0.130.5-0.2-0.10.04-0.460.130.15
0.520.240.760.310.50.510.13-0.430.510.480.580.490.860.610.720.370.80.75-0.11-0.490.710.58-0.460.460.48
0.98-0.070.520.90.980.960.58-0.910.950.880.90.970.30.950.820.680.690.820.7-0.750.80.970.130.460.96
0.990.130.430.890.991.00.65-0.860.990.850.941.00.40.940.780.50.750.80.73-0.820.810.970.150.480.96
Click cells to compare fundamentals

West Fraser Account Relationship Matchups

West Fraser fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B4.2B10.4B10.0B9.4B9.9B
Short Long Term Debt Total954.3M644.8M510M536M538M567.2M
Other Current Liab161.5M304.3M733M422M63M59.9M
Total Current Liabilities640.8M527.8M1.2B792M1.1B1.1B
Total Stockholder Equity1.9B2.5B7.7B7.6B7.2B7.6B
Property Plant And Equipment Net1.6B1.7B4.1B4.0B3.8B4.0B
Current Deferred Revenue149.3M3M51M257M295.6M310.3M
Net Debt784.0M507.4M(337M)(626M)(362M)(343.9M)
Retained Earnings1.4B2.0B4.5B5.3B4.9B5.2B
Accounts Payable183.0M215.7M411M359M417M246.5M
Cash16M587M847M1.2B900M945M
Non Current Assets Total2.7B2.8B7.2B7.2B7.0B7.4B
Non Currrent Assets Other81.1M212.5M31M512.8M36M34.2M
Cash And Short Term Investments12.2M460.3M1.6B1.2B900M945M
Net Receivables300.9M284.7M550M495M404M265.1M
Common Stock Shares Outstanding69.2M68.7M109.0M94.2M83.2M85.0M
Liabilities And Stockholders Equity3.6B4.2B10.4B10.0B9.4B9.9B
Non Current Liabilities Total1.0B1.2B1.6B1.6B1.1B875.7M
Inventory558.1M576.4M1.1B1.0B851M511.7M
Other Current Assets6.9M12.5M38M60M222M233.1M
Other Stockholder Equity132M(240M)(314.9M)(449.5M)(404.6M)(384.3M)
Total Liab1.7B1.7B2.8B2.4B2.2B1.4B
Total Current Assets878.1M1.3B3.2B2.7B2.4B2.5B
Short Term Debt44.8M296.3M7.8M11M313M328.7M
Accumulated Other Comprehensive Income101.1M82.3M(249M)(332M)(297M)(282.2M)
Common Stock369.8M379.6M3.4B2.7B2.6B2.7B
Good Will551.2M557.6M2.0B1.9B1.9B2.0B
Intangible Assets417.2M403.9M833M765M735M588.2M
Short Term Investments(42.5M)(3.8M)27M721M829.2M870.6M
Long Term Debt692M650M637M499M199M189.1M
Long Term Debt Total658M637M499M525M603.8M616.4M
Property Plant Equipment2.1B1.7B4.1B4.0B4.6B2.6B
Other Liab693M662M1.1B1.0B1.2B803.5M
Net Tangible Assets1.2B1.5B4.8B4.9B5.6B5.9B
Cash And Equivalents12.4M461M721M456M524.4M316.3M
Net Invested Capital3.5B3.8B8.2B8.1B7.7B6.0B
Non Current Liabilities Other27M30M38M18M23M28.1M
Net Working Capital310M1.0B2.0B2.0B1.3B1.3B

Pair Trading with West Fraser

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 West Fraser 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 West Fraser will appreciate offsetting losses from the drop in the long position's value.

Moving against West Stock

  0.49INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to West Fraser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Fraser 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 West Fraser - 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 West Fraser Timber to buy it.
The correlation of West Fraser 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 West Fraser moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Fraser Timber 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 West Fraser 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
When determining whether West Fraser Timber is a strong investment it is important to analyze West Fraser's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact West Fraser's future performance. For an informed investment choice regarding West Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Fraser Timber. 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.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Please note, there is a significant difference between West Fraser's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Fraser is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Fraser's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.