Western Copper Price To Book vs. Total Debt
| WRN Stock | CAD 1.51 0.03 2.03% |
For Western Copper profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Western Copper to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Western Copper and utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Western Copper's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Western Copper and over time as well as its relative position and ranking within its peers.
Western |
Western Copper Total Debt vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Western Copper's current stock value. Our valuation model uses many indicators to compare Western Copper value to that of its competitors to determine the firm's financial worth. Western Copper and is rated second in price to book category among its peers. It is rated second in total debt category among its peers making up about 128,567 of Total Debt per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Western Copper by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Western Copper's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Western Total Debt vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Western Copper |
| = | 1.54 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Western Copper |
| = | 197.81 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Western Total Debt vs Competition
Western Copper and is rated second in total debt category among its peers. Total debt of Materials industry is at this time estimated at about 632.58 Million. Western Copper adds roughly 197,813 in total debt claiming only tiny portion of all equities under Materials industry.
Western Copper Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Western Copper, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Western Copper will eventually generate negative long term returns. The profitability progress is the general direction of Western Copper's change in net profit over the period of time. It can combine multiple indicators of Western Copper, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -3.9 M | -4.1 M | |
| Net Loss | -3.3 M | -3.5 M | |
| Income Tax Expense | 77.8 K | 81.7 K | |
| Income Before Tax | -3.3 M | -3.5 M | |
| Total Other Income Expense Net | 519.3 K | 545.2 K | |
| Net Loss | -3.3 M | -3.5 M | |
| Net Loss | -4.5 M | -4.3 M | |
| Interest Income | 1.2 M | 1.2 M | |
| Net Interest Income | 1.2 M | 1.2 M | |
| Change To Netincome | 1.7 M | 1.8 M | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 0.76 | 0.95 | |
| Net Income Per E B T | 0.91 | 0.68 |
Western Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Western Copper. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Western Copper position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Western Copper's important profitability drivers and their relationship over time.
Use Western Copper in pair-trading
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 Copper 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 Copper will appreciate offsetting losses from the drop in the long position's value.Western Copper Pair Trading
Western Copper and Pair Trading Analysis
The ability to find closely correlated positions to Western Copper 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 Copper 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 Copper - 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 Copper and to buy it.
The correlation of Western Copper 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 Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Copper 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 Copper 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.Use Investing Themes to Complement your Western Copper position
In addition to having Western Copper in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Recreation Thematic Idea Now
Recreation
Companies involved in production and services of recreational goods, foods, and accessories. The Recreation theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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To fully project Western Copper's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Western Copper at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Western Copper's income statement, its balance sheet, and the statement of cash flows.