Touchstone Net Income vs End Period Cash Flow Analysis

Stocks . Canada . 
Stock . Touchstone Exploration
TXP Stock  CAD 0.53  0.02  3.64%   
Touchstone Exploration financial indicator trend analysis is much more than just breaking down Touchstone Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone Exploration is a good investment. Please check the relationship between Touchstone Exploration Net Income and its End Period Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Exploration. 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 End Period Cash Flow

Net Income vs End Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Touchstone Exploration Net Income account and End Period Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Touchstone Exploration's Net Income and End Period Cash Flow is -0.19. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Touchstone Exploration, assuming nothing else is changed. The correlation between historical values of Touchstone Exploration's Net Income and End Period Cash Flow 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 Touchstone Exploration are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Net Income i.e., Touchstone Exploration's Net Income and End Period Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.19
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

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

End Period Cash Flow

Most indicators from Touchstone Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone Exploration 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 Touchstone Exploration. 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, Touchstone Exploration's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Tax Provision is likely to grow to about 8.3 M, while Issuance Of Capital Stock is likely to drop about 199.5 K.

Touchstone Exploration fundamental ratios Correlations

Total Assets
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
Common Stock Shares Outstanding
Other Stockholder Equity
Total Liab
Property Plant And Equipment Gross
Total Current Assets
Short Long Term Debt Total
Other Current Liab
Current Deferred Revenue
Other Assets
Net Receivables
Non Current Liabilities Total
Inventory
Other Current Assets
Short Term Debt
Good Will
Total Assets
1.01.01.01.0-0.510.27-0.21.00.38-0.19-0.251.01.01.00.981.01.0-0.63-0.23-0.271.00.981.0-0.130.1
Total Current Liabilities
1.01.01.01.0-0.520.3-0.211.00.4-0.21-0.211.01.01.00.981.01.0-0.61-0.2-0.231.00.991.0-0.090.12
Total Stockholder Equity
1.01.01.00.99-0.520.28-0.161.00.37-0.15-0.261.01.01.00.991.01.0-0.65-0.23-0.281.00.981.0-0.130.11
Property Plant And Equipment Net
1.01.01.01.0-0.510.27-0.211.00.38-0.2-0.241.01.01.00.981.01.0-0.62-0.22-0.271.00.981.0-0.120.1
Net Debt
1.01.00.991.0-0.50.25-0.261.00.39-0.25-0.231.01.01.00.971.01.0-0.59-0.21-0.261.00.991.0-0.120.08
Retained Earnings
-0.51-0.52-0.52-0.51-0.5-0.080.08-0.51-0.440.060.27-0.51-0.51-0.51-0.52-0.51-0.510.270.45-0.08-0.51-0.56-0.52-0.05-0.31
Accounts Payable
0.270.30.280.270.25-0.080.240.270.290.170.460.250.270.280.310.260.25-0.20.240.340.270.310.260.090.65
Cash
-0.2-0.21-0.16-0.21-0.260.080.24-0.21-0.230.99-0.15-0.21-0.21-0.21-0.02-0.21-0.21-0.58-0.12-0.21-0.21-0.28-0.22-0.150.19
Non Current Assets Total
1.01.01.01.01.0-0.510.27-0.210.38-0.2-0.251.01.01.00.981.01.0-0.62-0.22-0.271.00.981.0-0.130.09
Non Currrent Assets Other
0.380.40.370.380.39-0.440.29-0.230.38-0.250.370.370.380.390.330.380.37-0.140.10.00.380.370.380.230.31
Cash And Short Term Investments
-0.19-0.21-0.15-0.2-0.250.060.170.99-0.2-0.25-0.2-0.2-0.21-0.21-0.01-0.21-0.2-0.59-0.17-0.25-0.21-0.28-0.21-0.170.19
Common Stock Shares Outstanding
-0.25-0.21-0.26-0.24-0.230.270.46-0.15-0.250.37-0.2-0.26-0.24-0.22-0.3-0.24-0.270.370.80.15-0.25-0.24-0.240.650.29
Other Stockholder Equity
1.01.01.01.01.0-0.510.25-0.211.00.37-0.2-0.261.01.00.981.01.0-0.62-0.23-0.271.00.981.0-0.140.08
Total Liab
1.01.01.01.01.0-0.510.27-0.211.00.38-0.21-0.241.01.00.981.01.0-0.62-0.22-0.261.00.991.0-0.120.1
Property Plant And Equipment Gross
1.01.01.01.01.0-0.510.28-0.211.00.39-0.21-0.221.01.00.981.01.0-0.62-0.2-0.271.00.981.0-0.10.1
Total Current Assets
0.980.980.990.980.97-0.520.31-0.020.980.33-0.01-0.30.980.980.980.980.98-0.75-0.27-0.310.980.950.98-0.160.14
Short Long Term Debt Total
1.01.01.01.01.0-0.510.26-0.211.00.38-0.21-0.241.01.01.00.981.0-0.62-0.22-0.271.00.981.0-0.120.09
Other Current Liab
1.01.01.01.01.0-0.510.25-0.211.00.37-0.2-0.271.01.01.00.981.0-0.62-0.24-0.271.00.981.0-0.140.09
Current Deferred Revenue
-0.63-0.61-0.65-0.62-0.590.27-0.2-0.58-0.62-0.14-0.590.37-0.62-0.62-0.62-0.75-0.62-0.620.270.52-0.62-0.52-0.610.21-0.09
Other Assets
-0.23-0.2-0.23-0.22-0.210.450.24-0.12-0.220.1-0.170.8-0.23-0.22-0.2-0.27-0.22-0.240.270.01-0.22-0.23-0.210.520.14
Net Receivables
-0.27-0.23-0.28-0.27-0.26-0.080.34-0.21-0.270.0-0.250.15-0.27-0.26-0.27-0.31-0.27-0.270.520.01-0.27-0.14-0.270.140.33
Non Current Liabilities Total
1.01.01.01.01.0-0.510.27-0.211.00.38-0.21-0.251.01.01.00.981.01.0-0.62-0.22-0.270.981.0-0.130.09
Inventory
0.980.990.980.980.99-0.560.31-0.280.980.37-0.28-0.240.980.990.980.950.980.98-0.52-0.23-0.140.980.99-0.130.14
Other Current Assets
1.01.01.01.01.0-0.520.26-0.221.00.38-0.21-0.241.01.01.00.981.01.0-0.61-0.21-0.271.00.99-0.10.1
Short Term Debt
-0.13-0.09-0.13-0.12-0.12-0.050.09-0.15-0.130.23-0.170.65-0.14-0.12-0.1-0.16-0.12-0.140.210.520.14-0.13-0.13-0.10.15
Good Will
0.10.120.110.10.08-0.310.650.190.090.310.190.290.080.10.10.140.090.09-0.090.140.330.090.140.10.15
Click cells to compare fundamentals

Touchstone Exploration Account Relationship Matchups

High Positive Relationship

Total Current Liabilities
+ 1.0
Total Assets
Total Stockholder Equity
+ 1.0
Total Assets
Property Plant And Equipment Net
+ 1.0
Total Assets
Net Debt
+ 1.0
Total Assets
Non Current Assets Total
+ 1.0
Total Assets
Other Stockholder Equity
+ 1.0
Total Assets

High Negative Relationship

Current Deferred Revenue
- 0.75
Total Current Assets
Current Deferred Revenue
- 0.65
Total Stockholder Equity
Current Deferred Revenue
- 0.63
Total Assets
Non Current Liabilities Total
- 0.62
Current Deferred Revenue
Current Deferred Revenue
- 0.62
Other Current Liab
Current Deferred Revenue
- 0.62
Short Long Term Debt Total

Touchstone Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets85.0M104.6M143.0M147.9M138.9M132.0M
Total Current Liabilities15.3M16.4M20.9M21.4M30.2M28.6M
Total Stockholder Equity30.1M60.4M67.6M78.4M59.8M56.8M
Property Plant And Equipment Net69.3M73.7M112.0M118.5M113.2M107.5M
Net Debt8.9M(16.8M)14.2M12M22.7M21.5M
Retained Earnings(19.1M)(30.2M)(24.4M)(27.6M)(48.2M)(45.8M)
Accounts Payable12.1M16.2M15.1M10.8M13.4M12.7M
Cash6.2M24.3M17.9M16.3M8.2M7.8M
Non Current Assets Total70.9M75.2M115.2M121.5M116.4M110.6M
Non Currrent Assets Other1.6M1.5M3.1M2.9M3.2M3.0M
Cash And Short Term Investments6.2M24.3M17.9M16.3M8.2M7.8M
Common Stock Shares Outstanding155.8M183.8M217.7M213.2M233.5M245.2M
Liabilities And Stockholders Equity85.0M104.6M143.0M147.9M138.9M132.0M
Other Stockholder Equity2.3M2.5M3.5M4.9M6.2M5.9M
Total Liab54.9M44.2M75.5M69.5M79.2M75.2M
Property Plant And Equipment Gross69.3M73.7M199M210.3M200.1M190.1M
Total Current Assets14.1M29.3M27.9M26.4M22.6M21.4M
Short Long Term Debt Total15.1M7.5M32.2M28.3M30.9M29.3M
Other Current Liab1.6M210K2.6M2.7M2.1M2.0M
Other Assets1.6M1.5M3.1M2.5M2.9M3.0M
Net Receivables3.1M4.7M2.0M3.3M7.8M7.4M
Non Current Liabilities Total39.7M27.8M54.5M48.1M49.0M46.6M
Inventory71K92K143K129K91K86.5K
Other Current Assets4.8M254K7.8M6.7M6.5M6.2M
Accumulated Other Comprehensive Income(14.6M)(13.3M)(13.2M)(13.5M)(13.1M)(13.8M)
Common Stock61.5M101.4M101.8M114.6M115.0M79.5M
Other Liab25.6M20.3M25.4M25.7M29.6M25.5M
Net Tangible Assets30.1M60.4M67.6M78.4M70.5M43.5M
Property Plant Equipment69.3M73.7M112.0M118.5M136.3M84.9M
Long Term Debt14.0M7.2M26.9M21.0M15.0M14.9M
Capital Surpluse2.3M2.5M3.5M4.9M5.6M2.8M
Common Stock Total Equity21.6M19.9M61.5M101.4M91.2M52.9M
Long Term Debt Total14.1M7.5M29.2M22.3M25.7M16.5M

Pair Trading with Touchstone Exploration

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 Touchstone Exploration 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 Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving against Touchstone Stock

  0.64ENB-PFC Enbridge Pref 11PairCorr
  0.63ENS-PA E Split CorpPairCorr
  0.47ENB-PFV Enbridge Pref 5PairCorr
  0.47ENS E Split CorpPairCorr
  0.34ENB-PFU Enbridge Pref LPairCorr
The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration 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 Touchstone Exploration - 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 Touchstone Exploration to buy it.
The correlation of Touchstone Exploration 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 Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration 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 Touchstone Exploration 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 Touchstone Stock

Balance Sheet is a snapshot of the financial position of Touchstone Exploration at a specified time, usually calculated after every quarter, six months, or one year. Touchstone Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone Exploration 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 Touchstone currently owns. An asset can also be divided into two categories, current and non-current.
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
Financial
Indicators
Details
Valuation
Indicators
Details
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