Condor Net Income vs Change In Cash Analysis

CDR Stock

2.25 0.16 7.66%

Condor Energies financial indicator trend analysis is way more than just evaluating Condor Energies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Condor Energies is a good investment. Please check the relationship between Condor Energies Net Income and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Condor Energies. 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.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Condor Energies Net Income account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Condor Energies' Net Income and Change In Cash is 0.45. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Condor Energies, assuming nothing else is changed. The correlation between historical values of Condor Energies' Net Income and Change In 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 Net Income of Condor Energies are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Condor Energies' Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Condor Energies financial statement analysis. It represents the amount of money remaining after all of Condor Energies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

Most indicators from Condor Energies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Condor Energies 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 Condor Energies. 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.

As of the 24th of November 2024, Selling General Administrative is likely to grow to about 7.2 M, while Tax Provision is likely to drop (3.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	6K	4K	708K	898.6K
Depreciation And Amortization	3.5M	1.1M	1.6M	2.6M

Interest Expense Depreciation And Amortization

Condor Energies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Long Term Debt Total	Short Term Debt	Short Term Investments	Common Stock	Capital Surpluse	Property Plant Equipment
Total Assets		0.57	0.46	1.0	0.74	-0.64	0.92	0.64	0.72	0.97	0.49	0.72	0.11	-0.73	0.31	0.36	0.84	0.46	0.87	0.76	0.88	0.6	0.93	-0.74	-0.79	0.95
Other Current Liab	0.57		0.64	0.54	0.36	-0.04	0.36	0.42	0.12	0.55	0.37	0.12	0.22	-0.27	0.02	0.58	0.64	0.54	0.49	0.31	0.52	0.77	0.44	-0.4	-0.36	0.38
Total Current Liabilities	0.46	0.64		0.38	0.37	0.19	0.27	0.38	-0.04	0.38	0.07	-0.04	0.49	-0.26	0.3	0.86	0.42	0.94	0.54	0.49	0.49	0.59	0.29	-0.39	-0.35	0.35
Total Stockholder Equity	1.0	0.54	0.38		0.73	-0.69	0.94	0.63	0.76	0.97	0.51	0.76	0.05	-0.74	0.26	0.3	0.85	0.38	0.86	0.73	0.86	0.58	0.94	-0.73	-0.79	0.95
Property Plant And Equipment Net	0.74	0.36	0.37	0.73		-0.2	0.58	0.11	0.25	0.81	-0.19	0.25	0.23	-0.34	0.41	0.32	0.54	0.42	0.44	0.65	0.61	0.23	0.61	-0.5	-0.6	0.72
Net Debt	-0.64	-0.04	0.19	-0.69	-0.2		-0.78	-0.59	-0.98	-0.57	-0.67	-0.98	0.21	0.67	0.12	0.28	-0.53	0.24	-0.67	-0.37	-0.48	-0.17	-0.75	0.54	0.55	-0.65
Retained Earnings	0.92	0.36	0.27	0.94	0.58	-0.78		0.73	0.82	0.9	0.6	0.82	0.05	-0.86	0.23	0.14	0.71	0.25	0.81	0.75	0.86	0.56	0.94	-0.78	-0.83	0.97
Accounts Payable	0.64	0.42	0.38	0.63	0.11	-0.59	0.73		0.64	0.59	0.82	0.64	0.27	-0.7	0.17	0.09	0.51	0.33	0.63	0.72	0.68	0.65	0.59	-0.62	-0.63	0.65
Cash	0.72	0.12	-0.04	0.76	0.25	-0.98	0.82	0.64		0.64	0.7	1.0	-0.15	-0.71	0.01	-0.15	0.6	-0.07	0.77	0.44	0.58	0.26	0.81	-0.58	-0.58	0.72
Non Current Assets Total	0.97	0.55	0.38	0.97	0.81	-0.57	0.9	0.59	0.64		0.42	0.64	0.17	-0.67	0.38	0.26	0.8	0.41	0.73	0.8	0.88	0.58	0.87	-0.7	-0.78	0.95
Non Currrent Assets Other	0.49	0.37	0.07	0.51	-0.19	-0.67	0.6	0.82	0.7	0.42		0.7	-0.08	-0.61	-0.02	-0.06	0.51	0.03	0.56	0.32	0.54	0.62	0.53	-0.39	-0.38	0.48
Cash And Short Term Investments	0.72	0.12	-0.04	0.76	0.25	-0.98	0.82	0.64	1.0	0.64	0.7		-0.15	-0.71	0.01	-0.15	0.6	-0.07	0.77	0.44	0.58	0.26	0.81	-0.58	-0.58	0.72
Net Receivables	0.11	0.22	0.49	0.05	0.23	0.21	0.05	0.27	-0.15	0.17	-0.08	-0.15		0.04	0.41	0.05	-0.1	0.53	-0.04	0.51	0.24	0.19	-0.15	-0.18	-0.23	0.13
Common Stock Shares Outstanding	-0.73	-0.27	-0.26	-0.74	-0.34	0.67	-0.86	-0.7	-0.71	-0.67	-0.61	-0.71	0.04		-0.02	-0.16	-0.66	-0.22	-0.72	-0.58	-0.72	-0.63	-0.83	0.59	0.79	-0.78
Non Current Liabilities Total	0.31	0.02	0.3	0.26	0.41	0.12	0.23	0.17	0.01	0.38	-0.02	0.01	0.41	-0.02		0.14	0.08	0.58	0.12	0.55	0.53	0.19	0.15	-0.17	-0.08	0.41
Other Current Assets	0.36	0.58	0.86	0.3	0.32	0.28	0.14	0.09	-0.15	0.26	-0.06	-0.15	0.05	-0.16	0.14		0.4	0.79	0.52	0.19	0.31	0.46	0.27	-0.24	-0.21	0.22
Other Stockholder Equity	0.84	0.64	0.42	0.85	0.54	-0.53	0.71	0.51	0.6	0.8	0.51	0.6	-0.1	-0.66	0.08	0.4		0.37	0.78	0.48	0.72	0.7	0.82	-0.59	-0.55	0.7
Total Liab	0.46	0.54	0.94	0.38	0.42	0.24	0.25	0.33	-0.07	0.41	0.03	-0.07	0.53	-0.22	0.58	0.79	0.37		0.48	0.55	0.58	0.55	0.27	-0.27	-0.27	0.4
Total Current Assets	0.87	0.49	0.54	0.86	0.44	-0.67	0.81	0.63	0.77	0.73	0.56	0.77	-0.04	-0.72	0.12	0.52	0.78	0.48		0.54	0.72	0.53	0.87	-0.67	-0.65	0.78
Inventory	0.76	0.31	0.49	0.73	0.65	-0.37	0.75	0.72	0.44	0.8	0.32	0.44	0.51	-0.58	0.55	0.19	0.48	0.55	0.54		0.77	0.46	0.58	-0.64	-0.73	0.81
Short Long Term Debt Total	0.88	0.52	0.49	0.86	0.61	-0.48	0.86	0.68	0.58	0.88	0.54	0.58	0.24	-0.72	0.53	0.31	0.72	0.58	0.72	0.77		0.75	0.83	-0.59	-0.62	0.92
Short Term Debt	0.6	0.77	0.59	0.58	0.23	-0.17	0.56	0.65	0.26	0.58	0.62	0.26	0.19	-0.63	0.19	0.46	0.7	0.55	0.53	0.46	0.75		0.58	-0.5	-0.46	0.55
Short Term Investments	0.93	0.44	0.29	0.94	0.61	-0.75	0.94	0.59	0.81	0.87	0.53	0.81	-0.15	-0.83	0.15	0.27	0.82	0.27	0.87	0.58	0.83	0.58		-0.71	-0.72	0.91
Common Stock	-0.74	-0.4	-0.39	-0.73	-0.5	0.54	-0.78	-0.62	-0.58	-0.7	-0.39	-0.58	-0.18	0.59	-0.17	-0.24	-0.59	-0.27	-0.67	-0.64	-0.59	-0.5	-0.71		0.75	-0.72
Capital Surpluse	-0.79	-0.36	-0.35	-0.79	-0.6	0.55	-0.83	-0.63	-0.58	-0.78	-0.38	-0.58	-0.23	0.79	-0.08	-0.21	-0.55	-0.27	-0.65	-0.73	-0.62	-0.46	-0.72	0.75		-0.81
Property Plant Equipment	0.95	0.38	0.35	0.95	0.72	-0.65	0.97	0.65	0.72	0.95	0.48	0.72	0.13	-0.78	0.41	0.22	0.7	0.4	0.78	0.81	0.92	0.55	0.91	-0.72	-0.81

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Condor Energies Account Relationship Matchups

Condor Energies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.5M	21.5M	8.7M	10.1M	6.8M	6.4M
Other Current Liab	8.3M	2.0M	409K	1.9M	635K	603.3K
Total Current Liabilities	20.3M	2.0M	2.1M	2.0M	2.0M	1.9M
Total Stockholder Equity	22.8M	17.1M	5.0M	6.3M	(2.5M)	(2.4M)
Property Plant And Equipment Net	15.0M	4.9M	2.8M	5.2M	638K	606.1K
Net Debt	4.0M	(12.3M)	(4.6M)	(3.6M)	1.1M	1.2M
Retained Earnings	(191.6M)	(193.6M)	(204.9M)	(208.0M)	(219.4M)	(230.4M)
Accounts Payable	5.1M	1.7M	1.7M	1.6M	680K	646K
Cash	2.9M	12.3M	4.6M	3.8M	5.0M	4.8M
Non Current Assets Total	18.6M	7.9M	3.6M	5.7M	1.2M	1.1M
Non Currrent Assets Other	4.4M	1.6M	1.3M	283K	254.7K	242.0K
Cash And Short Term Investments	2.9M	12.3M	4.6M	3.8M	5.0M	4.8M
Net Receivables	3.9M	394K	238K	380K	90K	85.5K
Liabilities And Stockholders Equity	45.5M	21.5M	8.7M	10.1M	6.8M	6.4M
Non Current Liabilities Total	2.4M	2.4M	1.6M	1.8M	7.3M	4.5M
Other Current Assets	19.7M	723K	218K	189K	387K	367.7K
Other Stockholder Equity	21.8M	22.1M	21.4M	21.7M	24.6M	23.3M
Total Liab	22.7M	4.4M	3.7M	3.8M	9.3M	11.4M
Total Current Assets	26.8M	13.6M	5.1M	4.4M	5.6M	5.3M
Inventory	342K	164K	69K	84K	59K	56.1K
Accumulated Other Comprehensive Income	(79.5M)	(83.3M)	(84.6M)	(83.9M)	(84.4M)	(88.6M)
Short Long Term Debt Total	9.2M	6.9M	13K	192K	6.2M	6.1M
Short Term Debt	3.8M	6.9M	13K	93K	649K	616.6K
Capital Surpluse	21.8M	22.1M	21.4M	21.7M	24.9M	23.6M
Property Plant Equipment	15.0M	4.9M	2.8M	5.2M	4.7M	4.5M
Current Deferred Revenue	292K	119K	(1.7M)	(1.6M)	(1.9M)	(2.0M)

Pair Trading with Condor Energies

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 Condor Energies 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 Condor Energies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Condor Stock

0.63	ENB-PFV	Enbridge Pref 5	Pair Corr
0.65	ENS	E Split Corp	Pair Corr

The ability to find closely correlated positions to Condor Energies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Energies 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 Condor Energies - 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 Condor Energies to buy it.

The correlation of Condor Energies 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 Condor Energies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Energies 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 Condor Energies 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.

Pair Correlation Correlation Matching

Other Information on Investing in Condor Stock

Balance Sheet is a snapshot of the financial position of Condor Energies at a specified time, usually calculated after every quarter, six months, or one year. Condor Energies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Condor Energies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Condor currently owns. An asset can also be divided into two categories, current and non-current.

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Condor Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

Condor Energies fundamental ratios Correlations

Condor Energies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Condor Energies fundamental ratios Accounts

Pair Trading with Condor Energies

Moving together with Condor Stock

Other Information on Investing in Condor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Property Plant Equipment	+ 0.97	Retained Earnings
Property Plant Equipment	+ 0.95	Total Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Short Term Investments	- 0.83	Common Stock Shares Outstanding
Capital Surpluse	- 0.83	Retained Earnings
Property Plant Equipment	- 0.81	Capital Surpluse