Western Historical Financial Ratios
| WRN Stock | CAD 1.57 0.01 0.63% |
Western Copper is currently reporting on over 85 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0, PTB Ratio of 1.9 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate Western Copper financial condition quickly.
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About Western Financial Ratios Analysis
Western CopperFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Western Copper investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Western financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Western Copper history.
Western Copper Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Western Copper stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Western Copper sales, a figure that is much harder to manipulate than other Western Copper and 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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Western Copper's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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 Capex Per Share is very stable compared to the past year. As of the 30th of November 2024, Average Receivables is likely to grow to about 140.7 K, while PTB Ratio is likely to drop 1.90.
| 2022 | 2023 | 2024 (projected) | PB Ratio | 3.33 | 2.01 | 1.9 | Capex To Depreciation | 124.64 | 96.18 | 91.37 |
Western Copper fundamentals Correlations
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Western Copper Account Relationship Matchups
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Western Copper fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 2.23 | 2.18 | 2.57 | 3.33 | 2.01 | 1.9 | |
| Free Cash Flow Yield | (0.0535) | (0.0426) | (0.0529) | (0.0665) | (0.0802) | (0.0843) | |
| Operating Cash Flow Per Share | (0.0196) | (0.0206) | (0.0268) | (0.0221) | (0.0159) | (0.0167) | |
| Pb Ratio | 2.23 | 2.18 | 2.57 | 3.33 | 2.01 | 1.9 | |
| Free Cash Flow Per Share | (0.0348) | (0.0573) | (0.0668) | (0.16) | (0.14) | (0.15) | |
| Roic | (0.049) | (0.0286) | (0.0418) | (0.0455) | (0.0277) | (0.029) | |
| Net Income Per Share | (0.0173) | (0.0126) | (0.0218) | (0.0334) | (0.0209) | (0.0219) | |
| Cash Per Share | 0.0173 | 0.26 | 0.33 | 0.15 | 0.2 | 0.23 | |
| Pocfratio | (54.72) | (76.15) | (74.57) | (109.2) | (110.27) | (115.78) | |
| Capex To Operating Cash Flow | (1.93) | (2.24) | (2.95) | (6.26) | (7.85) | (7.46) | |
| Pfcf Ratio | (18.68) | (23.49) | (18.89) | (15.05) | (12.46) | (13.08) | |
| Income Quality | 0.74 | 1.15 | 1.17 | 0.67 | 0.76 | 0.95 | |
| Roe | (0.0361) | (0.0175) | (0.0281) | (0.0461) | (0.0239) | (0.0251) | |
| Ev To Operating Cash Flow | (53.92) | (64.06) | (66.75) | (108.92) | (100.1) | (105.11) | |
| Pe Ratio | (61.8) | (124.44) | (91.75) | (72.15) | (83.75) | (87.94) | |
| Return On Tangible Assets | (0.0358) | (0.0173) | (0.0272) | (0.0443) | (0.0232) | (0.0244) | |
| Ev To Free Cash Flow | (18.4) | (19.76) | (16.91) | (15.01) | (11.31) | (11.88) | |
| Earnings Yield | (0.0461) | (0.0162) | (0.008036) | (0.0109) | (0.0139) | (0.0125) | |
| Net Debt To E B I T D A | 0.48 | 4.19 | 7.53 | 0.19 | 8.23 | 8.64 | |
| Current Ratio | 4.5 | 25.41 | 15.42 | 5.5 | 7.47 | 7.1 | |
| Graham Number | 0.55 | 0.43 | 0.45 | 0.62 | 0.74 | 0.64 | |
| Capex Per Share | 0.0377 | 0.0462 | 0.079 | 0.14 | 0.12 | 0.13 | |
| Graham Net Net | 0.0129 | 0.25 | 0.31 | 0.12 | 0.17 | 0.11 | |
| Enterprise Value Over E B I T D A | (148.7) | (81.59) | (64.29) | (76.55) | (81.05) | (85.11) | |
| Price Earnings Ratio | (61.8) | (124.44) | (91.75) | (72.15) | (83.75) | (87.94) | |
| Price Book Value Ratio | 2.23 | 2.18 | 2.57 | 3.33 | 2.01 | 1.9 | |
| Price Earnings To Growth Ratio | 1.56 | 4.58 | (1.26) | (1.36) | 2.24 | 1.68 | |
| Price To Operating Cash Flows Ratio | (54.72) | (76.15) | (74.57) | (109.2) | (110.27) | (115.78) | |
| Price To Free Cash Flows Ratio | (18.68) | (23.49) | (18.89) | (15.05) | (12.46) | (13.08) |
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.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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.