West Average Receivables from 2010 to 2026
| WCYN Stock | USD 0.0001 0.00 0.00% |
Average Receivables | First Reported 2010-12-31 | Previous Quarter 51.7 K | Current Value 33.7 K | Quarterly Volatility 9.1 K |
Check West Canyon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among West Canyon's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 411.2 K or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 4.94 or Days Sales Outstanding of 0.0. West financial statements analysis is a perfect complement when working with West Canyon Valuation or Volatility modules.
West | Average Receivables | Build AI portfolio with West Stock |
Latest West Canyon's Average Receivables Growth Pattern
Below is the plot of the Average Receivables of West Canyon Energy over the last few years. It is West Canyon's Average Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in West Canyon's overall financial position and show how it may be relating to other accounts over time.
| Average Receivables | 10 Years Trend |
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Average Receivables |
| Timeline |
West Average Receivables Regression Statistics
| Arithmetic Mean | 53,902 | |
| Geometric Mean | 52,899 | |
| Coefficient Of Variation | 16.84 | |
| Mean Deviation | 5,816 | |
| Median | 57,432 | |
| Standard Deviation | 9,075 | |
| Sample Variance | 82.4M | |
| Range | 30.6K | |
| R-Value | 0.02 | |
| Mean Square Error | 87.8M | |
| R-Squared | 0.0004 | |
| Significance | 0.94 | |
| Slope | 35.86 | |
| Total Sum of Squares | 1.3B |
West Average Receivables History
About West Canyon Financial Statements
West Canyon investors utilize fundamental indicators, such as Average Receivables, to predict how West Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Average Receivables | 51.7 K | 33.7 K |
Pair Trading with West Canyon
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 Canyon 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 Canyon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to West Canyon 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 Canyon 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 Canyon - 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 Canyon Energy to buy it.
The correlation of West Canyon 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 Canyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Canyon Energy 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 Canyon 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 the analysis of West Canyon Correlation against competitors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of West Canyon. If investors know West will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about West Canyon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of West Canyon Energy is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Canyon's value that differs from its market value or its book value, called intrinsic value, which is West Canyon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because West Canyon's market value can be influenced by many factors that don't directly affect West Canyon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between West Canyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Canyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Canyon'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.