Bakken Short Term Debt vs Total Liab Analysis
| BKEN Stock | USD 0.0001 0.00 0.00% |
Bakken Energy financial indicator trend analysis is way more than just evaluating Bakken Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bakken Energy Corp is a good investment. Please check the relationship between Bakken Energy Short Term Debt and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bakken Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Short Term Debt vs Total Liab
Short Term Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bakken Energy Corp Short Term Debt account and Total Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bakken Energy's Short Term Debt and Total Liab is 0.38. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Bakken Energy Corp, assuming nothing else is changed. The correlation between historical values of Bakken Energy's Short Term Debt and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Bakken Energy Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Short Term Debt i.e., Bakken Energy's Short Term Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Short Term Debt
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Bakken Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bakken Energy Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bakken Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. As of the 25th of November 2024, Selling General Administrative is likely to grow to about 138.3 K, while Enterprise Value Over EBITDA is likely to drop (0.03).
| 2013 | 2023 | 2024 (projected) | Non Recurring | 60K | 54K | 51.3K | Research Development | 137K | 67.5K | 96.0K |
Bakken Energy fundamental ratios Correlations
Click cells to compare fundamentals
Bakken Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Bakken Energy
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 Bakken Energy 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 Bakken Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bakken Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bakken Energy 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 Bakken Energy - 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 Bakken Energy Corp to buy it.
The correlation of Bakken Energy 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 Bakken Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bakken Energy Corp 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 Bakken Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bakken Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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 Bakken Energy. If investors know Bakken 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 Bakken Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.98) |
The market value of Bakken Energy Corp is measured differently than its book value, which is the value of Bakken that is recorded on the company's balance sheet. Investors also form their own opinion of Bakken Energy's value that differs from its market value or its book value, called intrinsic value, which is Bakken Energy'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 Bakken Energy's market value can be influenced by many factors that don't directly affect Bakken Energy'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 Bakken Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bakken Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bakken Energy'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.