Tenaz Total Assets vs Other Stockholder Equity Analysis
TNZ Stock | 13.76 0.10 0.73% |
Tenaz Energy financial indicator trend analysis is much more than just breaking down Tenaz Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenaz Energy Corp is a good investment. Please check the relationship between Tenaz Energy Total Assets and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz 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.
Total Assets vs Other Stockholder Equity
Total Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaz Energy Corp Total Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tenaz Energy's Total Assets and Other Stockholder Equity is 0.66. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Tenaz Energy Corp, assuming nothing else is changed. The correlation between historical values of Tenaz Energy's Total Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Tenaz Energy Corp are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Tenaz Energy's Total Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Tenaz Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tenaz Energy Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Other Stockholder Equity
Most indicators from Tenaz Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaz 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz 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, Tenaz Energy's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.25, though Tax Provision is likely to grow to (5.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.1M | 21.7M | 40.0M | 42.0M | Total Revenue | 17.8M | 34.1M | 64.9M | 68.1M |
Tenaz Energy fundamental ratios Correlations
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Tenaz Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tenaz Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.1M | 34.4M | 75.4M | 203.9M | 238.7M | 250.7M | |
Total Current Liabilities | 3.2M | 5.6M | 7.4M | 58.7M | 44.0M | 46.2M | |
Total Stockholder Equity | 44.9M | 22.9M | 65.3M | 71.4M | 96.4M | 101.2M | |
Net Debt | 100K | 4.4M | (25.3M) | 19.8M | (50.1M) | (47.6M) | |
Retained Earnings | 250K | (22.1M) | (10.1M) | (4.5M) | 21.1M | 22.2M | |
Accounts Payable | 2.3M | 1.2M | 6.8M | 14.4M | 15.7M | 16.5M | |
Common Stock Shares Outstanding | 11.5M | 11.4M | 14.9M | 28.9M | 29.1M | 30.5M | |
Liabilities And Stockholders Equity | 55.1M | 34.4M | 75.4M | 203.9M | 238.7M | 250.7M | |
Other Current Assets | 149K | 221K | 252K | 1.1M | 1.2M | 1.3M | |
Other Stockholder Equity | 4.4M | 7.2M | 7.7M | 8.9M | 14.1M | 14.8M | |
Total Liab | 10.2M | 11.5M | 10.1M | 132.5M | 142.4M | 149.5M | |
Total Current Assets | 2.1M | 1.3M | 27.5M | 72.3M | 92.5M | 97.1M | |
Other Current Liab | 447K | 1.6M | 7.4M | 520K | 28.3M | 29.7M | |
Property Plant And Equipment Net | 52.9M | 33.1M | 47.9M | 119.0M | 124.9M | 131.1M | |
Non Current Assets Total | 52.9M | 33.1M | 47.9M | 131.6M | 146.2M | 153.5M | |
Net Receivables | 1.8M | 1.1M | 1.8M | 10.3M | 8.0M | 8.4M | |
Non Current Liabilities Total | 7.0M | 5.9M | 2.7M | 73.8M | 98.4M | 103.3M | |
Short Long Term Debt Total | 242K | 4.2M | 167K | 21.6M | 244K | 231.8K | |
Short Term Debt | 48K | 4.0M | 61K | 21.5M | 24.8M | 26.0M | |
Accumulated Other Comprehensive Income | 2.2M | 2.5M | 0.0 | 3.2M | 254K | 241.3K | |
Long Term Debt Total | 194K | 156K | 106K | 59K | 67.9K | 80.9K | |
Capital Surpluse | 4.4M | 7.2M | 7.7M | 8.9M | 10.2M | 6.1M | |
Property Plant Equipment | 52.9M | 33.1M | 47.9M | 119.0M | 136.8M | 143.7M |
Pair Trading with Tenaz 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 Tenaz 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 Tenaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tenaz Stock
Moving against Tenaz Stock
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The ability to find closely correlated positions to Tenaz 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 Tenaz 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 Tenaz 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 Tenaz Energy Corp to buy it.
The correlation of Tenaz 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 Tenaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaz 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 Tenaz 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.Other Information on Investing in Tenaz Stock
Balance Sheet is a snapshot of the financial position of Tenaz Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Tenaz Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tenaz Energy 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 Tenaz currently owns. An asset can also be divided into two categories, current and non-current.