West Inventory vs Net Receivables 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 Inventory and its Net Receivables 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.
Inventory vs Net Receivables
Inventory vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of West Fraser Timber Inventory account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between West Fraser's Inventory and Net Receivables is 0.98. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables 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 Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of West Fraser Timber are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., West Fraser's Inventory and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Net Receivables
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 Revenue | 10.5B | 9.7B | 6.5B | 3.5B | Depreciation And Amortization | 732.2M | 766.8M | 730.2M | 766.7M |
West Fraser fundamental ratios Correlations
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West Fraser Account Relationship Matchups
High Positive Relationship
High Negative Relationship
West Fraser fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6B | 4.2B | 10.4B | 10.0B | 9.4B | 9.9B | |
Short Long Term Debt Total | 954.3M | 644.8M | 510M | 536M | 538M | 567.2M | |
Other Current Liab | 161.5M | 304.3M | 733M | 422M | 63M | 59.9M | |
Total Current Liabilities | 640.8M | 527.8M | 1.2B | 792M | 1.1B | 1.1B | |
Total Stockholder Equity | 1.9B | 2.5B | 7.7B | 7.6B | 7.2B | 7.6B | |
Property Plant And Equipment Net | 1.6B | 1.7B | 4.1B | 4.0B | 3.8B | 4.0B | |
Current Deferred Revenue | 149.3M | 3M | 51M | 257M | 295.6M | 310.3M | |
Net Debt | 784.0M | 507.4M | (337M) | (626M) | (362M) | (343.9M) | |
Retained Earnings | 1.4B | 2.0B | 4.5B | 5.3B | 4.9B | 5.2B | |
Accounts Payable | 183.0M | 215.7M | 411M | 359M | 417M | 246.5M | |
Cash | 16M | 587M | 847M | 1.2B | 900M | 945M | |
Non Current Assets Total | 2.7B | 2.8B | 7.2B | 7.2B | 7.0B | 7.4B | |
Non Currrent Assets Other | 81.1M | 212.5M | 31M | 512.8M | 36M | 34.2M | |
Cash And Short Term Investments | 12.2M | 460.3M | 1.6B | 1.2B | 900M | 945M | |
Net Receivables | 300.9M | 284.7M | 550M | 495M | 404M | 265.1M | |
Common Stock Shares Outstanding | 69.2M | 68.7M | 109.0M | 94.2M | 83.2M | 85.0M | |
Liabilities And Stockholders Equity | 3.6B | 4.2B | 10.4B | 10.0B | 9.4B | 9.9B | |
Non Current Liabilities Total | 1.0B | 1.2B | 1.6B | 1.6B | 1.1B | 875.7M | |
Inventory | 558.1M | 576.4M | 1.1B | 1.0B | 851M | 511.7M | |
Other Current Assets | 6.9M | 12.5M | 38M | 60M | 222M | 233.1M | |
Other Stockholder Equity | 132M | (240M) | (314.9M) | (449.5M) | (404.6M) | (384.3M) | |
Total Liab | 1.7B | 1.7B | 2.8B | 2.4B | 2.2B | 1.4B | |
Total Current Assets | 878.1M | 1.3B | 3.2B | 2.7B | 2.4B | 2.5B | |
Short Term Debt | 44.8M | 296.3M | 7.8M | 11M | 313M | 328.7M | |
Accumulated Other Comprehensive Income | 101.1M | 82.3M | (249M) | (332M) | (297M) | (282.2M) | |
Common Stock | 369.8M | 379.6M | 3.4B | 2.7B | 2.6B | 2.7B | |
Good Will | 551.2M | 557.6M | 2.0B | 1.9B | 1.9B | 2.0B | |
Intangible Assets | 417.2M | 403.9M | 833M | 765M | 735M | 588.2M | |
Short Term Investments | (42.5M) | (3.8M) | 27M | 721M | 829.2M | 870.6M | |
Long Term Debt | 692M | 650M | 637M | 499M | 199M | 189.1M | |
Long Term Debt Total | 658M | 637M | 499M | 525M | 603.8M | 616.4M | |
Property Plant Equipment | 2.1B | 1.7B | 4.1B | 4.0B | 4.6B | 2.6B | |
Other Liab | 693M | 662M | 1.1B | 1.0B | 1.2B | 803.5M | |
Net Tangible Assets | 1.2B | 1.5B | 4.8B | 4.9B | 5.6B | 5.9B | |
Cash And Equivalents | 12.4M | 461M | 721M | 456M | 524.4M | 316.3M | |
Net Invested Capital | 3.5B | 3.8B | 8.2B | 8.1B | 7.7B | 6.0B | |
Non Current Liabilities Other | 27M | 30M | 38M | 18M | 23M | 28.1M | |
Net Working Capital | 310M | 1.0B | 2.0B | 2.0B | 1.3B | 1.3B |
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
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.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 Equity Valuation module to check real value of public entities based on technical and fundamental data.