Western Free Cash Flow Yield vs Earnings Yield Analysis

WRN Stock

CAD 1.57 0.01 0.63%

Western Copper financial indicator trend analysis is more than just analyzing Western Copper current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Copper is a good investment. Please check the relationship between Western Copper Free Cash Flow Yield and its Earnings Yield accounts. 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.

Free Cash Flow Yield vs Earnings Yield

Free Cash Flow Yield vs Earnings Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Copper Free Cash Flow Yield account and Earnings Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Western Copper's Free Cash Flow Yield and Earnings Yield is 0.31. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Earnings Yield in the same time period over historical financial statements of Western Copper and, assuming nothing else is changed. The correlation between historical values of Western Copper's Free Cash Flow Yield and Earnings Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Western Copper and are associated (or correlated) with its Earnings Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earnings Yield has no effect on the direction of Free Cash Flow Yield i.e., Western Copper's Free Cash Flow Yield and Earnings Yield go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Earnings Yield

The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.

Most indicators from Western Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value is likely to grow to about 266.5 M, while Issuance Of Capital Stock is likely to drop about 23.6 M.

	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

Net Interest Income Interest Income

Western Copper fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Liabilities	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Current Assets	Other Current Liab	Common Stock Total Equity	Common Stock	Net Tangible Assets	Property Plant Equipment
Total Assets		0.88	0.81	-0.73	-0.15	-0.4	0.98	0.02	0.9	0.81	0.8	-0.53	0.55	0.53	0.83	0.42	-0.54	-0.16	-0.46	0.83	0.44	-0.03	0.92	0.95	0.94	0.91
Total Stockholder Equity	0.88		0.95	-0.72	-0.17	-0.43	0.82	0.04	0.89	0.95	0.91	-0.59	0.72	0.61	0.75	0.36	-0.59	-0.17	-0.43	0.91	0.38	-0.04	0.8	0.86	0.82	0.8
Property Plant And Equipment Net	0.81	0.95		-0.71	-0.04	-0.4	0.77	0.09	0.83	1.0	0.87	-0.36	0.79	0.39	0.81	0.14	-0.57	-0.26	-0.4	0.87	0.16	-0.03	0.75	0.82	0.74	0.82
Retained Earnings	-0.73	-0.72	-0.71		-0.19	0.1	-0.8	-0.04	-0.56	-0.71	-0.48	0.31	-0.36	-0.32	-0.41	0.16	0.93	0.65	0.9	-0.55	0.15	0.66	-0.54	-0.54	-0.48	-0.6
Non Currrent Assets Other	-0.15	-0.17	-0.04	-0.19		-0.28	-0.01	-0.09	-0.3	-0.04	-0.32	0.26	-0.24	-0.26	-0.08	-0.51	-0.13	-0.48	-0.18	-0.28	-0.51	-0.34	-0.1	-0.15	-0.23	-0.02
Other Assets	-0.4	-0.43	-0.4	0.1	-0.28		-0.34	-0.23	-0.41	-0.4	-0.43	0.48	-0.15	-0.48	-0.46	-0.4	-0.04	-0.08	-0.12	-0.43	-0.41	-0.3	-0.51	-0.5	-0.49	-0.41
Common Stock Shares Outstanding	0.98	0.82	0.77	-0.8	-0.01	-0.34		-0.01	0.85	0.77	0.72	-0.41	0.49	0.41	0.79	0.28	-0.59	-0.23	-0.55	0.75	0.29	-0.15	0.88	0.9	0.88	0.91
Other Stockholder Equity	0.02	0.04	0.09	-0.04	-0.09	-0.23	-0.01		0.03	0.09	0.02	0.14	-0.1	-0.14	0.0	-0.23	-0.2	-0.17	-0.21	0.07	-0.22	-0.19	-0.11	-0.09	-0.06	-0.14
Total Liab	0.9	0.89	0.83	-0.56	-0.3	-0.41	0.85	0.03		0.83	0.96	-0.47	0.76	0.49	0.8	0.5	-0.41	0.15	-0.29	0.94	0.52	0.18	0.79	0.89	0.89	0.84
Property Plant And Equipment Gross	0.81	0.95	1.0	-0.71	-0.04	-0.4	0.77	0.09	0.83		0.87	-0.36	0.79	0.39	0.81	0.14	-0.57	-0.26	-0.4	0.87	0.16	-0.03	0.75	0.82	0.74	0.82
Total Current Liabilities	0.8	0.91	0.87	-0.48	-0.32	-0.43	0.72	0.02	0.96	0.87		-0.49	0.84	0.51	0.76	0.5	-0.35	0.19	-0.18	0.96	0.51	0.26	0.71	0.83	0.81	0.77
Net Debt	-0.53	-0.59	-0.36	0.31	0.26	0.48	-0.41	0.14	-0.47	-0.36	-0.49		-0.11	-1.0	-0.23	-0.72	0.28	0.02	0.18	-0.46	-0.72	-0.03	-0.53	-0.51	-0.52	-0.31
Accounts Payable	0.55	0.72	0.79	-0.36	-0.24	-0.15	0.49	-0.1	0.76	0.79	0.84	-0.11		0.15	0.69	0.15	-0.27	0.13	-0.09	0.81	0.16	0.27	0.49	0.61	0.55	0.66
Cash	0.53	0.61	0.39	-0.32	-0.26	-0.48	0.41	-0.14	0.49	0.39	0.51	-1.0	0.15		0.24	0.71	-0.29	-0.01	-0.18	0.49	0.71	0.03	0.53	0.52	0.53	0.32
Non Current Assets Total	0.83	0.75	0.81	-0.41	-0.08	-0.46	0.79	0.0	0.8	0.81	0.76	-0.23	0.69	0.24		0.33	-0.15	0.01	-0.03	0.75	0.34	0.35	0.89	0.93	0.9	0.96
Cash And Short Term Investments	0.42	0.36	0.14	0.16	-0.51	-0.4	0.28	-0.23	0.5	0.14	0.5	-0.72	0.15	0.71	0.33		0.28	0.61	0.35	0.44	1.0	0.6	0.51	0.53	0.61	0.31
Net Receivables	-0.54	-0.59	-0.57	0.93	-0.13	-0.04	-0.59	-0.2	-0.41	-0.57	-0.35	0.28	-0.27	-0.29	-0.15	0.28		0.7	0.97	-0.43	0.27	0.81	-0.27	-0.28	-0.23	-0.32
Short Term Investments	-0.16	-0.17	-0.26	0.65	-0.48	-0.08	-0.23	-0.17	0.15	-0.26	0.19	0.02	0.13	-0.01	0.01	0.61	0.7		0.72	0.1	0.61	0.81	-0.09	0.01	0.11	-0.09
Non Current Liabilities Total	-0.46	-0.43	-0.4	0.9	-0.18	-0.12	-0.55	-0.21	-0.29	-0.4	-0.18	0.18	-0.09	-0.18	-0.03	0.35	0.97	0.72		-0.28	0.34	0.89	-0.19	-0.18	-0.14	-0.23
Other Current Assets	0.83	0.91	0.87	-0.55	-0.28	-0.43	0.75	0.07	0.94	0.87	0.96	-0.46	0.81	0.49	0.75	0.44	-0.43	0.1	-0.28		0.46	0.15	0.75	0.82	0.81	0.76
Total Current Assets	0.44	0.38	0.16	0.15	-0.51	-0.41	0.29	-0.22	0.52	0.16	0.51	-0.72	0.16	0.71	0.34	1.0	0.27	0.61	0.34	0.46		0.6	0.52	0.55	0.63	0.32
Other Current Liab	-0.03	-0.04	-0.03	0.66	-0.34	-0.3	-0.15	-0.19	0.18	-0.03	0.26	-0.03	0.27	0.03	0.35	0.6	0.81	0.81	0.89	0.15	0.6		0.19	0.24	0.29	0.17
Common Stock Total Equity	0.92	0.8	0.75	-0.54	-0.1	-0.51	0.88	-0.11	0.79	0.75	0.71	-0.53	0.49	0.53	0.89	0.51	-0.27	-0.09	-0.19	0.75	0.52	0.19		0.97	0.96	0.93
Common Stock	0.95	0.86	0.82	-0.54	-0.15	-0.5	0.9	-0.09	0.89	0.82	0.83	-0.51	0.61	0.52	0.93	0.53	-0.28	0.01	-0.18	0.82	0.55	0.24	0.97		0.99	0.96
Net Tangible Assets	0.94	0.82	0.74	-0.48	-0.23	-0.49	0.88	-0.06	0.89	0.74	0.81	-0.52	0.55	0.53	0.9	0.61	-0.23	0.11	-0.14	0.81	0.63	0.29	0.96	0.99		0.92
Property Plant Equipment	0.91	0.8	0.82	-0.6	-0.02	-0.41	0.91	-0.14	0.84	0.82	0.77	-0.31	0.66	0.32	0.96	0.31	-0.32	-0.09	-0.23	0.76	0.32	0.17	0.93	0.96	0.92

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Western Copper Account Relationship Matchups

Western Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	50.5M	83.8M	115.5M	114.4M	143.9M	74.1M
Total Stockholder Equity	50.0M	82.6M	112.1M	109.7M	139.4M	146.4M
Property Plant And Equipment Net	48.4M	53.7M	66.8M	89.8M	110.6M	116.1M
Retained Earnings	(100.9M)	(102.9M)	(106.6M)	(111.6M)	(114.9M)	(109.2M)
Common Stock Shares Outstanding	104.2M	114.9M	144.3M	151.5M	159.8M	103.7M
Liabilities And Stockholders Equity	50.5M	83.8M	115.5M	114.4M	143.9M	74.1M
Other Stockholder Equity	33.9M	34.6M	35.5M	37.8M	38.1M	44.9M
Total Liab	462.6K	1.2M	3.4M	4.6M	4.5M	3.3M
Property Plant And Equipment Gross	48.4M	53.7M	66.8M	89.8M	110.6M	116.1M
Total Current Liabilities	462.6K	1.2M	3.2M	4.5M	4.5M	4.7M
Net Debt	(1.6M)	(28.6M)	(30.3M)	(923.3K)	(25.8M)	(24.5M)
Accounts Payable	372.79	1.2K	2.2K	4.2M	4.3M	4.5M
Cash	1.6M	28.6M	30.7M	1.3M	26.0M	27.3M
Non Current Assets Total	48.4M	53.7M	66.8M	89.8M	110.6M	59.6M
Cash And Short Term Investments	1.8M	29.4M	47.9M	23.1M	32.1M	21.7M
Short Term Investments	160.5K	737.0K	17.2M	21.8M	6.1M	8.9M
Other Current Assets	281.5K	677.9K	860.5K	1.4M	1.3M	1.3M
Total Current Assets	2.1M	30.1M	48.7M	24.6M	33.3M	22.2M
Common Stock Total Equity	108.0M	111.9M	116.9M	150.9M	173.5M	123.8M
Common Stock	116.9M	150.9M	183.2M	183.5M	216.3M	146.3M
Net Tangible Assets	50.0M	82.6M	112.1M	109.7M	126.2M	69.8M
Property Plant Equipment	48.4M	53.7M	66.8M	89.8M	103.3M	52.4M
Capital Surpluse	33.9M	34.6M	35.5M	37.8M	43.5M	37.7M
Cash And Equivalents	1.6M	28.6M	30.7M	1.3M	1.5M	1.5M
Net Invested Capital	50.0M	82.6M	112.1M	109.7M	139.4M	91.9M
Net Working Capital	1.6M	28.9M	45.6M	20.1M	28.9M	20.9M
Capital Stock	116.9M	150.9M	183.2M	183.5M	216.3M	176.5M

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.

Pair Correlation Correlation Matching

When determining whether Western Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Copper And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Copper And Stock:

How To Invest In Western

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Is Western Stock a good investment?

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What is Western Copper's Net Worth?

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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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Please note, there is a significant difference between Western Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Western Free Cash Flow Yield vs Earnings Yield Analysis

Free Cash Flow Yield vs Earnings Yield

Free Cash Flow Yield vs Earnings Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Earnings Yield

Western Copper fundamental ratios Correlations

Western Copper Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Copper fundamental ratios Accounts

Pair Trading with Western Copper

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Tangible Assets	+ 0.99	Common Stock
Common Stock Shares Outstanding	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.97	Net Receivables
Common Stock	+ 0.97	Common Stock Total Equity

Cash	- 1.0	Net Debt
Common Stock Shares Outstanding	- 0.8	Retained Earnings
Retained Earnings	- 0.73	Total Assets
Total Current Assets	- 0.72	Net Debt
Cash And Short Term Investments	- 0.72	Net Debt
Retained Earnings	- 0.72	Total Stockholder Equity