Western Historical Income Statement
| WRN Stock | CAD 1.58 0.02 1.25% |
Historical analysis of Western Copper income statement accounts such as Interest Expense of 99.1 K, Selling General Administrative of 3 M, Other Operating Expenses of 3.6 M or Cost Of Revenue of 196.6 K can show how well Western Copper and performed in making a profits. Evaluating Western Copper income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Western Copper's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Western Copper latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Western Copper is a good buy for the upcoming year.
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About Western Income Statement Analysis
Western Copper Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Western Copper shareholders. The income statement also shows Western investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Western Copper Income Statement Chart
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Most accounts from Western Copper's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Western Copper current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Copper and. 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, Western Copper's Interest Expense is very stable compared to the past year. As of the 26th of November 2024, Selling General Administrative is likely to grow to about 3 M, while Gross Profit is likely to drop (217.2 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 208.0K | 584.5K | 1.2M | 1.2M | Interest Income | 208.0K | 121.3K | 1.2M | 1.2M |
Western Copper income statement Correlations
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Western Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Western Copper
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 Copper 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 Copper will appreciate offsetting losses from the drop in the long position's value.Moving against Western Stock
The ability to find closely correlated positions to Western Copper 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 Copper 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 Copper - 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 Copper and to buy it.
The correlation of Western Copper 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 Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Copper 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 Copper 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Copper and. 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. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.