Western Copper And Stock Current Ratio
| WRN Stock | CAD 1.47 0.03 2.00% |
Western Copper and fundamentals help investors to digest information that contributes to Western Copper's financial success or failures. It also enables traders to predict the movement of Western Stock. The fundamental analysis module provides a way to measure Western Copper's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Western Copper stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 8.60 | 15.74 |
Western | Current Ratio |
Western Copper and Company Current Ratio Analysis
Western Copper's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Western Copper Current Ratio | 8.59 X |
Most of Western Copper's fundamental indicators, such as Current Ratio, 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, Western Copper and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Western Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Western Copper is extremely important. It helps to project a fair market value of Western Stock properly, considering its historical fundamentals such as Current Ratio. Since Western Copper's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Western Copper's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Western Copper's interrelated accounts and indicators.
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Western Copper and has a Current Ratio of 8.59 times. This is 124.28% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Western Copper Current Valuation Drivers
We derive many important indicators used in calculating different scores of Western Copper from analyzing Western Copper's financial statements. These drivers represent accounts that assess Western Copper's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Western Copper's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 111.5M | 180.4M | 365.2M | 279.6M | 251.6M | 264.2M | |
| Enterprise Value | 109.9M | 151.8M | 364.3M | 253.8M | 228.4M | 239.9M |
Western Fundamentals
| Return On Equity | -0.0361 | ||||
| Return On Asset | -0.0283 | ||||
| Current Valuation | 222.5 M | ||||
| Shares Outstanding | 198.23 M | ||||
| Shares Owned By Insiders | 16.28 % | ||||
| Shares Owned By Institutions | 22.37 % | ||||
| Number Of Shares Shorted | 2.27 M | ||||
| Price To Earning | (50.37) X | ||||
| Price To Book | 1.56 X | ||||
| EBITDA | (3.13 M) | ||||
| Net Income | (3.34 M) | ||||
| Cash And Equivalents | 1.34 M | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 197.81 K | ||||
| Current Ratio | 8.59 X | ||||
| Book Value Per Share | 0.96 X | ||||
| Cash Flow From Operations | (2.54 M) | ||||
| Short Ratio | 18.21 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 4.0 | ||||
| Number Of Employees | 13 | ||||
| Beta | 2.06 | ||||
| Market Capitalization | 297.35 M | ||||
| Total Asset | 143.92 M | ||||
| Retained Earnings | (114.93 M) | ||||
| Working Capital | 28.89 M | ||||
| Current Asset | 10.7 M | ||||
| Current Liabilities | 659.66 K | ||||
| Net Asset | 143.92 M |
About Western Copper Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Copper and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Copper using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Copper and based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Western Copper
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.Moving against Western Stock
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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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Copper and. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.