West Financial Statements From 2010 to 2025
| WTXR Stock | USD 0.08 0.03 26.36% |
Check West Texas financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among West Texas' main balance sheet or income statement drivers, such as , as well as many indicators such as . West financial statements analysis is a perfect complement when working with West Texas Valuation or Volatility modules.
West |
West Texas Resources Company Price To Earning Analysis
West Texas' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current West Texas Price To Earning | (15.79) X |
Most of West Texas' fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, West Texas Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, West Texas Resources has a Price To Earning of -15.79 times. This is 145.87% lower than that of the Energy sector and 185.4% lower than that of the Oil & Gas E&P industry. The price to earning for all United States stocks is 154.98% higher than that of the company.
West Texas Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining West Texas's current stock value. Our valuation model uses many indicators to compare West Texas value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across West Texas competition to find correlations between indicators driving West Texas's intrinsic value. More Info.West Texas Resources is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the West Texas' earnings, one of the primary drivers of an investment's value.About West Texas Financial Statements
West Texas shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although West Texas investors may analyze each financial statement separately, they are all interrelated. The changes in West Texas' assets and liabilities, for example, are also reflected in the revenues and expenses on on West Texas' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
West Texas Resources, Inc. acquires, explores for, and develops oil and gas properties in North America. West Texas Resources, Inc. was founded in 2010 and is headquartered in Frisco, Texas. West Texas operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 1 people.
Pair Trading with West Texas
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 Texas 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 Texas will appreciate offsetting losses from the drop in the long position's value.Moving against West Pink Sheet
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The ability to find closely correlated positions to West Texas 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 Texas 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 Texas - 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 Texas Resources to buy it.
The correlation of West Texas 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 Texas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Texas Resources 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 Texas 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.Additional Tools for West Pink Sheet Analysis
When running West Texas' price analysis, check to measure West Texas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy West Texas is operating at the current time. Most of West Texas' value examination focuses on studying past and present price action to predict the probability of West Texas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Texas' price. Additionally, you may evaluate how the addition of West Texas to your portfolios can decrease your overall portfolio volatility.