Calfrac Price To Sales Ratio vs Ptb Ratio Analysis

CFW Stock  CAD 3.96  0.01  0.25%   
Calfrac Well financial indicator trend analysis is way more than just evaluating Calfrac Well Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calfrac Well Services is a good investment. Please check the relationship between Calfrac Well Price To Sales Ratio and its Ptb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. 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.

Price To Sales Ratio vs Ptb Ratio

Price To Sales Ratio vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Calfrac Well Services Price To Sales Ratio account and Ptb Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Calfrac Well's Price To Sales Ratio and Ptb Ratio is 0.93. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Calfrac Well Services, assuming nothing else is changed. The correlation between historical values of Calfrac Well's Price To Sales Ratio and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Calfrac Well Services are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Price To Sales Ratio i.e., Calfrac Well's Price To Sales Ratio and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Calfrac Well Services stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Calfrac Well sales, a figure that is much harder to manipulate than other Calfrac Well Services multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Calfrac Well's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calfrac Well Services 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 Calfrac Well Services. 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, Calfrac Well's Issuance Of Capital Stock is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 955.5 M, while Selling General Administrative is likely to drop about 49.8 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses45.6M62.2M64.4M62.4M
Cost Of Revenue1.0B1.3B1.6B829.7M

Calfrac Well fundamental ratios Correlations

0.820.40.80.810.980.790.60.840.480.980.480.83-0.40.890.89-0.32-0.420.94-0.120.9-0.56-0.680.18-0.070.25
0.820.390.460.360.850.990.320.50.410.890.410.45-0.460.980.68-0.36-0.360.95-0.220.55-0.3-0.510.00.010.3
0.40.390.080.370.480.390.370.120.120.470.120.22-0.470.40.22-0.45-0.220.36-0.290.21-0.77-0.370.13-0.290.36
0.80.460.080.750.70.460.390.990.140.690.140.94-0.050.550.90.02-0.160.690.150.93-0.5-0.560.370.170.11
0.810.360.370.750.770.320.640.770.410.730.410.84-0.180.470.74-0.17-0.290.570.030.87-0.65-0.680.21-0.20.09
0.980.850.480.70.770.830.580.730.491.00.490.73-0.450.910.83-0.37-0.410.94-0.170.81-0.55-0.660.19-0.050.27
0.790.990.390.460.320.830.240.490.290.860.290.44-0.420.970.69-0.31-0.280.93-0.170.53-0.29-0.530.010.030.29
0.60.320.370.390.640.580.240.460.670.570.670.56-0.650.450.29-0.69-0.880.48-0.560.58-0.390.00.12-0.330.33
0.840.50.120.990.770.730.490.460.210.720.210.97-0.150.590.9-0.09-0.230.730.070.96-0.5-0.560.270.110.16
0.480.410.120.140.410.490.290.670.210.481.00.23-0.450.470.12-0.47-0.690.44-0.410.4-0.17-0.05-0.03-0.170.11
0.980.890.470.690.731.00.860.570.720.480.480.72-0.450.940.83-0.37-0.430.96-0.180.8-0.53-0.660.16-0.060.26
0.480.410.120.140.410.490.290.670.211.00.480.23-0.440.470.12-0.46-0.690.44-0.410.4-0.17-0.04-0.03-0.170.11
0.830.450.220.940.840.730.440.560.970.230.720.23-0.210.550.86-0.17-0.290.690.010.97-0.55-0.570.21-0.080.18
-0.4-0.46-0.47-0.05-0.18-0.45-0.42-0.65-0.15-0.45-0.45-0.44-0.21-0.52-0.140.990.6-0.460.92-0.220.12-0.040.060.25-0.74
0.890.980.40.550.470.910.970.450.590.470.940.470.55-0.520.73-0.42-0.450.98-0.270.65-0.36-0.510.06-0.020.32
0.890.680.220.90.740.830.690.290.90.120.830.120.86-0.140.73-0.05-0.070.830.140.89-0.48-0.780.210.040.2
-0.32-0.36-0.450.02-0.17-0.37-0.31-0.69-0.09-0.47-0.37-0.46-0.170.99-0.42-0.050.63-0.360.93-0.180.1-0.10.120.34-0.71
-0.42-0.36-0.22-0.16-0.29-0.41-0.28-0.88-0.23-0.69-0.43-0.69-0.290.6-0.45-0.070.63-0.420.59-0.340.15-0.30.00.26-0.18
0.940.950.360.690.570.940.930.480.730.440.960.440.69-0.460.980.83-0.36-0.42-0.20.77-0.42-0.560.130.020.3
-0.12-0.22-0.290.150.03-0.17-0.17-0.560.07-0.41-0.18-0.410.010.92-0.270.140.930.59-0.20.0-0.07-0.30.130.27-0.69
0.90.550.210.930.870.810.530.580.960.40.80.40.97-0.220.650.89-0.18-0.340.770.0-0.55-0.630.21-0.070.19
-0.56-0.3-0.77-0.5-0.65-0.55-0.29-0.39-0.5-0.17-0.53-0.17-0.550.12-0.36-0.480.10.15-0.42-0.07-0.550.51-0.390.18-0.09
-0.68-0.51-0.37-0.56-0.68-0.66-0.530.0-0.56-0.05-0.66-0.04-0.57-0.04-0.51-0.78-0.1-0.3-0.56-0.3-0.630.51-0.050.14-0.11
0.180.00.130.370.210.190.010.120.27-0.030.16-0.030.210.060.060.210.120.00.130.130.21-0.39-0.050.180.04
-0.070.01-0.290.17-0.2-0.050.03-0.330.11-0.17-0.06-0.17-0.080.25-0.020.040.340.260.020.27-0.070.180.140.18-0.16
0.250.30.360.110.090.270.290.330.160.110.260.110.18-0.740.320.2-0.71-0.180.3-0.690.19-0.09-0.110.04-0.16
Click cells to compare fundamentals

Calfrac Well Account Relationship Matchups

Calfrac Well fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B912.5M893.0M995.8M1.1B986.1M
Short Long Term Debt Total1.0B346.6M410.4M354.9M275.2M400.0M
Other Current Liab143.2M101.8M127.4M19.8M20.9M19.8M
Total Current Liabilities157.2M109.7M136.8M203.7M208.4M133.3M
Total Stockholder Equity368.6M410.2M328.8M423.0M615.9M409.4M
Property Plant And Equipment Net999.7M641.3M585.4M566.4M639.2M634.3M
Net Debt965.1M316.8M431.0M346.4M241.1M351.3M
Retained Earnings(185.2M)(509.4M)(592.2M)(580.5M)(389.9M)(370.4M)
Accounts Payable143.2M101.8M127.4M171.6M176.8M121.6M
Cash42.6M29.8M(20.6M)8.5M34.1M48.8M
Non Current Assets Total1.1B641.3M585.4M581.4M668.2M667.4M
Cash And Short Term Investments42.6M29.8M(20.6M)8.5M34.1M49.4M
Net Receivables218.3M141.0M192.7M238.8M244.0M181.5M
Common Stock Shares Outstanding2.9M4.2M37.5M84.6M88.3M92.7M
Liabilities And Stockholders Equity1.5B912.5M893.0M995.8M1.1B986.1M
Non Current Liabilities Total1.0B392.5M427.3M369.1M301.9M444.6M
Inventory127.6M83.3M101.8M108.9M123.0M72.8M
Other Current Assets17.5M17.1M33.6M58.2M56.9M59.7M
Other Stockholder Equity41.8M109.2M110.8M106.9M78.7M59.1M
Total Liab1.2B502.2M564.1M572.8M510.3M577.8M
Property Plant And Equipment Gross999.7M641.3M2.6B2.7B3.1B3.2B
Total Current Assets405.9M271.2M307.5M414.4M458.0M318.8M
Accumulated Other Comprehensive Income2.7M10.3M9.1M31.5M16.2M17.0M
Current Deferred Revenue(186K)(143.2M)(101.8M)(127.4M)(114.7M)(120.4M)
Short Term Debt13.9M8.0M9.4M12.3M10.7M7.7M
Non Currrent Assets Other96.4M(999.7M)(2.5M)(1.0)(0.9)(0.94)
Common Stock Total Equity501.5M508.3M509.2M800.2M920.2M966.2M
Common Stock509.2M800.2M801.2M865.1M910.9M555.1M
Other Liab6.5M53.8M26.3M26.5M23.8M22.6M
Net Tangible Assets368.6M410.2M328.8M423.0M380.7M427.7M
Other Assets96.4M120.3M0.015M1.00.95
Long Term Debt976.7M324.6M388.5M329.2M296.3M581.5M
Property Plant Equipment999.7M641.3M585.4M566.4M509.7M802.2M
Long Term Debt Total993.7M338.6M401.0M342.6M308.4M593.7M
Capital Surpluse44.3M66.0M68.3M70.1M80.7M53.4M
Capital Lease Obligations30.9M22.0M20.6M23.2M26.7M15.5M
Cash And Equivalents42.6M29.8M0.08.5M7.6M7.3M

Pair Trading with Calfrac Well

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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.

Moving against Calfrac Stock

  0.54ENB-PFU Enbridge Pref LPairCorr
  0.49ENB-PFV Enbridge Pref 5PairCorr
  0.39ENS E Split CorpPairCorr
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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 CorrelationCorrelation Matching

Other Information on Investing in Calfrac Stock

Balance Sheet is a snapshot of the financial position of Calfrac Well Services at a specified time, usually calculated after every quarter, six months, or one year. Calfrac Well Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Calfrac Well 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 Calfrac currently owns. An asset can also be divided into two categories, current and non-current.