BTE Stock | | | CAD 4.22 0.02 0.48% |
Baytex Energy financial indicator trend analysis is way more than just evaluating Baytex Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baytex Energy Corp is a good investment. Please check the relationship between Baytex Energy Other Stockholder Equity and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex 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 board of governors.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Baytex Energy Corp Other Stockholder Equity account and
Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Baytex Energy's Other Stockholder Equity and Cash is 0.14. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Baytex Energy Corp, assuming nothing else is changed. The correlation between historical values of Baytex Energy's Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Baytex Energy Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Baytex Energy's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Baytex Energy Corp, which is listed under current asset account on Baytex Energy Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Baytex Energy customers. The amounts must be unrestricted with restricted cash listed in a different Baytex Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Baytex Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baytex 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 Baytex 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 board of governors.
At this time, Baytex Energy's
Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024,
Enterprise Value Over EBITDA is likely to grow to 9.41, while
Tax Provision is likely to drop (297.4
M).
Baytex Energy fundamental ratios Correlations
Click cells to compare fundamentals
Baytex Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baytex Energy fundamental ratios Accounts
When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's
future performance.
For an informed investment choice regarding Baytex Stock, refer to the following important reports: Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex 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 board of governors.
You can also try the
Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Baytex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baytex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baytex 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.