Western End Period Cash Flow vs Other Non Cash Items Analysis

WEF Stock  CAD 0.41  0.01  2.38%   
Western Forest financial indicator trend analysis is more than just analyzing Western Forest Products current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Forest Products is a good investment. Please check the relationship between Western Forest End Period Cash Flow and its Other Non Cash Items accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Forest Products. 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.

End Period Cash Flow vs Other Non Cash Items

End Period Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Forest Products End Period Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Western Forest's End Period Cash Flow and Other Non Cash Items is -0.15. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Western Forest Products, assuming nothing else is changed. The correlation between historical values of Western Forest's End Period Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Western Forest Products are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of End Period Cash Flow i.e., Western Forest's End Period Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

End Period Cash Flow

Other Non Cash Items

Most indicators from Western Forest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Forest Products 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Forest Products. 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 18th of December 2024, Selling General Administrative is likely to drop to about 40.4 M. In addition to that, Discontinued Operations is likely to drop to about 6.5 M
 2021 2022 2023 2024 (projected)
Gross Profit399M254.5M50.6M48.1M
Total Revenue1.4B1.4B1.0B1.0B

Western Forest fundamental ratios Correlations

-0.260.530.880.71-0.360.940.650.390.880.520.390.08-0.19-0.180.850.66-0.190.180.860.83-0.62-0.18-0.79-0.74-0.85
-0.260.01-0.660.320.95-0.08-0.48-0.32-0.2-0.52-0.32-0.2-0.810.90.0-0.180.870.79-0.05-0.260.350.010.00.270.28
0.530.010.30.32-0.210.510.710.660.150.230.660.27-0.44-0.130.680.090.330.50.50.82-0.040.03-0.33-0.03-0.2
0.88-0.660.30.45-0.680.760.650.370.80.610.370.170.21-0.520.610.56-0.55-0.270.660.69-0.66-0.11-0.57-0.68-0.76
0.710.320.320.450.260.720.20.030.770.10.03-0.05-0.610.440.610.370.320.580.630.41-0.42-0.15-0.58-0.41-0.46
-0.360.95-0.21-0.680.26-0.18-0.52-0.6-0.19-0.53-0.6-0.13-0.690.89-0.1-0.150.770.65-0.17-0.450.350.050.080.250.3
0.94-0.080.510.760.72-0.180.590.290.810.340.290.17-0.39-0.10.860.70.020.220.830.8-0.53-0.13-0.78-0.74-0.83
0.65-0.480.710.650.2-0.520.590.340.380.390.340.60.01-0.550.640.43-0.19-0.040.420.77-0.220.13-0.36-0.39-0.46
0.39-0.320.660.370.03-0.60.290.340.060.331.0-0.150.04-0.370.3-0.09-0.090.080.370.66-0.14-0.1-0.18-0.01-0.16
0.88-0.20.150.80.77-0.190.810.380.060.440.06-0.12-0.090.010.620.64-0.290.10.680.46-0.67-0.24-0.69-0.81-0.82
0.52-0.520.230.610.1-0.530.340.390.330.440.33-0.180.27-0.340.530.08-0.46-0.160.560.46-0.44-0.37-0.48-0.22-0.42
0.39-0.320.660.370.03-0.60.290.341.00.060.33-0.150.04-0.370.3-0.09-0.090.080.370.66-0.14-0.1-0.18-0.01-0.16
0.08-0.20.270.17-0.05-0.130.170.6-0.15-0.12-0.18-0.15-0.09-0.440.130.170.09-0.22-0.10.280.130.540.120.00.03
-0.19-0.81-0.440.21-0.61-0.69-0.390.010.04-0.090.270.04-0.09-0.65-0.45-0.03-0.91-0.84-0.35-0.26-0.14-0.040.26-0.10.0
-0.180.9-0.13-0.520.440.89-0.1-0.55-0.370.01-0.34-0.37-0.44-0.65-0.01-0.170.650.790.04-0.350.22-0.11-0.030.160.17
0.850.00.680.610.61-0.10.860.640.30.620.530.30.13-0.45-0.010.560.120.410.90.86-0.43-0.21-0.83-0.51-0.71
0.66-0.180.090.560.37-0.150.70.43-0.090.640.08-0.090.17-0.03-0.170.56-0.28-0.10.570.48-0.39-0.14-0.71-0.86-0.86
-0.190.870.33-0.550.320.770.02-0.19-0.09-0.29-0.46-0.090.09-0.910.650.12-0.280.77-0.01-0.010.390.10.060.430.39
0.180.790.5-0.270.580.650.22-0.040.080.1-0.160.08-0.22-0.840.790.41-0.10.770.350.210.16-0.08-0.230.120.02
0.86-0.050.50.660.63-0.170.830.420.370.680.560.37-0.1-0.350.040.90.57-0.010.350.79-0.42-0.29-0.82-0.54-0.78
0.83-0.260.820.690.41-0.450.80.770.660.460.460.660.28-0.26-0.350.860.48-0.010.210.79-0.37-0.05-0.66-0.43-0.62
-0.620.35-0.04-0.66-0.420.35-0.53-0.22-0.14-0.67-0.44-0.140.13-0.140.22-0.43-0.390.390.16-0.42-0.370.380.60.540.54
-0.180.010.03-0.11-0.150.05-0.130.13-0.1-0.24-0.37-0.10.54-0.04-0.11-0.21-0.140.1-0.08-0.29-0.050.380.390.160.23
-0.790.0-0.33-0.57-0.580.08-0.78-0.36-0.18-0.69-0.48-0.180.120.26-0.03-0.83-0.710.06-0.23-0.82-0.660.60.390.630.76
-0.740.27-0.03-0.68-0.410.25-0.74-0.39-0.01-0.81-0.22-0.010.0-0.10.16-0.51-0.860.430.12-0.54-0.430.540.160.630.94
-0.850.28-0.2-0.76-0.460.3-0.83-0.46-0.16-0.82-0.42-0.160.030.00.17-0.71-0.860.390.02-0.78-0.620.540.230.760.94
Click cells to compare fundamentals

Western Forest Account Relationship Matchups

Western Forest fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets782.5M852.2M959M932.8M915.4M829.1M
Short Long Term Debt Total134.3M93.7M18.3M20.6M104.6M97.1M
Total Current Liabilities48.6M125.6M194.3M125.8M121M104.3M
Total Stockholder Equity481.8M504.5M612.1M647.2M565M467.4M
Property Plant And Equipment Net414.9M383.3M343.2M364.7M403.7M277.7M
Net Debt132.2M90.8M(111.7M)4.8M102.3M77.5M
Retained Earnings(6.8M)16.1M184.5M229.1M148.9M156.3M
Accounts Payable35M108.7M112.8M108.5M98.7M94.3M
Cash2.1M2.9M130M15.8M2.3M2.2M
Non Current Assets Total593.6M588.5M548M595.6M580.5M532.8M
Cash And Short Term Investments2.1M2.9M130M15.8M2.3M2.2M
Net Receivables40.1M66.8M57.4M77.4M74.4M75.6M
Common Stock Shares Outstanding377.6M375.4M361.5M325.1M316.7M367.3M
Liabilities And Stockholders Equity782.5M852.2M959M932.8M915.4M829.1M
Non Current Liabilities Total251.3M221M147.5M155.3M226.5M158.2M
Inventory132M177.9M207.2M224.8M213.5M184.2M
Other Current Assets14.7M16.1M16.4M21.8M44.7M46.9M
Other Stockholder Equity9.1M9.6M10.4M9M8.8M14.1M
Total Liab299.9M346.6M341.8M281.1M347.5M262.5M
Property Plant And Equipment Gross414.9M383.3M787.5M848.3M868.3M458.4M
Total Current Assets188.9M263.7M411M339.8M334.9M296.5M
Accumulated Other Comprehensive Income(900K)(1.9M)(2.2M)3.6M1.9M2.0M
Short Term Debt(5.8M)6.8M5.5M4.2M7.8M7.4M
Other Current Liab6.7M8.1M9.9M11.1M12.3M11.7M
Intangible Assets109.2M105M100.3M96.3M92.3M91.2M
Other Liab120.9M134.1M134.7M138.9M159.7M136.5M
Net Tangible Assets372.6M399.5M511.8M543.9M625.5M439.5M
Long Term Debt6M113.4M71.5M83.8M75.4M42.7M
Long Term Investments9M8.8M10M11M12.7M11.3M
Property Plant Equipment470.9M436.9M392.3M413.8M475.9M416.3M
Long Term Debt Total128.4M86.9M12.8M16.4M14.8M14.0M
Capital Surpluse9.1M9.6M10.4M9M10.5M9.9M
Non Current Liabilities Other400K1.4M3.5M3.7M1.9M2.0M
Cash And Equivalents2.1M2.9M130M15.8M18.2M33.6M

Pair Trading with Western Forest

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 Western Forest 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 Western Forest will appreciate offsetting losses from the drop in the long position's value.

Moving together with Western Stock

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Moving against Western Stock

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The ability to find closely correlated positions to Western Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Forest 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 Western Forest - 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 Western Forest Products to buy it.
The correlation of Western Forest 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 Western Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Forest Products 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 Western Forest 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 Western Stock

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