Western Net Income vs Operating Income Analysis

WRN Stock

USD 1.14 0.01 0.88%

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 Net Income and its Operating Income 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 metropolitan statistical area.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Copper Net Income account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Western Copper's Net Income and Operating Income is -0.69. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income 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 Net Income and Operating Income 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 Western Copper and are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Western Copper's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Income

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

Operating Income

Operating Income is the amount of profit realized from Western Copper operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Western Copper and is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 metropolitan statistical area.

At this time, Western Copper's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 266.5 M, while Issuance Of Capital Stock is likely to drop about 22.5 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	208.0K	584.5K	1.2M	1.2M
Interest Income	208.0K	584.5K	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	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Capital Surpluse
Total Assets		0.88	0.81	-0.73	0.83	-0.23	0.98	0.07	0.9	0.81	0.64	0.8	0.83	-0.53	0.52	0.53	0.83	0.42	0.96	-0.11	-0.46	0.83	0.44	0.99	0.84	0.7
Total Stockholder Equity	0.88		0.95	-0.72	0.92	-0.24	0.82	0.08	0.89	0.95	0.79	0.91	0.93	-0.59	0.74	0.61	0.75	0.36	0.78	-0.12	-0.43	0.92	0.38	0.84	0.74	0.71
Property Plant And Equipment Net	0.81	0.95		-0.71	0.87	-0.25	0.77	0.1	0.83	1.0	0.82	0.87	0.92	-0.36	0.67	0.39	0.81	0.14	0.72	-0.13	-0.4	0.87	0.16	0.79	0.8	0.78
Retained Earnings	-0.73	-0.72	-0.71		-0.57	0.25	-0.8	-0.02	-0.56	-0.71	-0.48	-0.48	-0.69	0.31	-0.3	-0.32	-0.41	0.16	-0.75	0.61	0.9	-0.56	0.15	-0.72	-0.45	-0.68
Non Currrent Assets Other	0.83	0.92	0.87	-0.57		-0.25	0.76	-0.01	0.81	0.87	0.63	0.84	0.92	-0.6	0.63	0.62	0.79	0.49	0.79	0.01	-0.21	0.85	0.5	0.82	0.79	0.73
Other Assets	-0.23	-0.24	-0.25	0.25	-0.25		-0.25	-0.09	-0.16	-0.25	-0.11	-0.15	-0.24	0.12	-0.14	-0.13	-0.21	0.01	-0.25	0.16	0.16	-0.19	0.0	-0.24	-0.34	-0.43
Common Stock Shares Outstanding	0.98	0.82	0.77	-0.8	0.76	-0.25		0.03	0.85	0.77	0.59	0.72	0.8	-0.41	0.36	0.41	0.79	0.28	0.96	-0.17	-0.55	0.76	0.29	0.98	0.82	0.73
Other Stockholder Equity	0.07	0.08	0.1	-0.02	-0.01	-0.09	0.03		0.08	0.1	0.11	0.07	-0.17	0.07	0.09	-0.06	0.03	-0.11	0.0	-0.06	-0.17	0.12	-0.11	0.0	0.04	-0.24
Total Liab	0.9	0.89	0.83	-0.56	0.81	-0.16	0.85	0.08		0.83	0.85	0.96	0.8	-0.47	0.59	0.49	0.8	0.5	0.75	0.15	-0.29	0.94	0.52	0.86	0.78	0.53
Property Plant And Equipment Gross	0.81	0.95	1.0	-0.71	0.87	-0.25	0.77	0.1	0.83		0.82	0.87	0.92	-0.36	0.67	0.39	0.81	0.14	0.72	-0.13	-0.4	0.87	0.16	0.79	0.8	0.78
Other Current Liab	0.64	0.79	0.82	-0.48	0.63	-0.11	0.59	0.11	0.85	0.82		0.91	0.66	-0.27	0.63	0.3	0.64	0.19	0.46	0.06	-0.26	0.87	0.2	0.58	0.6	0.4
Total Current Liabilities	0.8	0.91	0.87	-0.48	0.84	-0.15	0.72	0.07	0.96	0.87	0.91		0.82	-0.49	0.7	0.51	0.76	0.5	0.62	0.19	-0.18	0.96	0.51	0.75	0.73	0.51
Net Tangible Assets	0.83	0.93	0.92	-0.69	0.92	-0.24	0.8	-0.17	0.8	0.92	0.66	0.82		-0.43	0.59	0.46	0.78	0.31	0.78	-0.03	-0.34	0.84	0.32	0.83	0.78	0.83
Net Debt	-0.53	-0.59	-0.36	0.31	-0.6	0.12	-0.41	0.07	-0.47	-0.36	-0.27	-0.49	-0.43		-0.69	-1.0	-0.23	-0.72	-0.49	0.24	0.18	-0.46	-0.72	-0.49	-0.22	-0.23
Accounts Payable	0.52	0.74	0.67	-0.3	0.63	-0.14	0.36	0.09	0.59	0.67	0.63	0.7	0.59	-0.69		0.71	0.45	0.45	0.36	-0.09	-0.13	0.62	0.46	0.45	0.39	0.36
Cash	0.53	0.61	0.39	-0.32	0.62	-0.13	0.41	-0.06	0.49	0.39	0.3	0.51	0.46	-1.0	0.71		0.24	0.71	0.49	-0.24	-0.18	0.48	0.71	0.49	0.22	0.25
Non Current Assets Total	0.83	0.75	0.81	-0.41	0.79	-0.21	0.79	0.03	0.8	0.81	0.64	0.76	0.78	-0.23	0.45	0.24		0.33	0.78	0.18	-0.03	0.75	0.34	0.85	0.99	0.75
Cash And Short Term Investments	0.42	0.36	0.14	0.16	0.49	0.01	0.28	-0.11	0.5	0.14	0.19	0.5	0.31	-0.72	0.45	0.71	0.33		0.33	0.47	0.35	0.44	1.0	0.39	0.3	0.0
Common Stock Total Equity	0.96	0.78	0.72	-0.75	0.79	-0.25	0.96	0.0	0.75	0.72	0.46	0.62	0.78	-0.49	0.36	0.49	0.78	0.33		-0.23	-0.49	0.69	0.34	0.98	0.81	0.74
Short Term Investments	-0.11	-0.12	-0.13	0.61	0.01	0.16	-0.17	-0.06	0.15	-0.13	0.06	0.19	-0.03	0.24	-0.09	-0.24	0.18	0.47	-0.23		0.74	0.13	0.48	-0.11	0.14	-0.26
Non Current Liabilities Total	-0.46	-0.43	-0.4	0.9	-0.21	0.16	-0.55	-0.17	-0.29	-0.4	-0.26	-0.18	-0.34	0.18	-0.13	-0.18	-0.03	0.35	-0.49	0.74		-0.29	0.34	-0.43	-0.08	-0.35
Other Current Assets	0.83	0.92	0.87	-0.56	0.85	-0.19	0.76	0.12	0.94	0.87	0.87	0.96	0.84	-0.46	0.62	0.48	0.75	0.44	0.69	0.13	-0.29		0.45	0.78	0.73	0.5
Total Current Assets	0.44	0.38	0.16	0.15	0.5	0.0	0.29	-0.11	0.52	0.16	0.2	0.51	0.32	-0.72	0.46	0.71	0.34	1.0	0.34	0.48	0.34	0.45		0.41	0.31	0.01
Common Stock	0.99	0.84	0.79	-0.72	0.82	-0.24	0.98	0.0	0.86	0.79	0.58	0.75	0.83	-0.49	0.45	0.49	0.85	0.39	0.98	-0.11	-0.43	0.78	0.41		0.87	0.75
Property Plant Equipment	0.84	0.74	0.8	-0.45	0.79	-0.34	0.82	0.04	0.78	0.8	0.6	0.73	0.78	-0.22	0.39	0.22	0.99	0.3	0.81	0.14	-0.08	0.73	0.31	0.87		0.79
Capital Surpluse	0.7	0.71	0.78	-0.68	0.73	-0.43	0.73	-0.24	0.53	0.78	0.4	0.51	0.83	-0.23	0.36	0.25	0.75	0.0	0.74	-0.26	-0.35	0.5	0.01	0.75	0.79

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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	42.6M
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
Other Current Liab	462.2K	1.4K	759.5K	4.2M	4.3M	4.5M
Total Current Liabilities	462.6K	1.2M	3.2M	4.5M	4.5M	4.7M
Net Tangible Assets	50.0M	82.6M	112.1M	109.7M	126.2M	132.5M
Net Debt	(1.6M)	(28.6M)	(30.3M)	(923.3K)	(25.8M)	(24.5M)
Accounts Payable	372.79	1.2M	2.2M	4.2K	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
Common Stock Total Equity	108.0M	111.9M	116.9M	150.9M	173.5M	110.4M
Short Term Investments	160.5K	737.0K	17.2M	21.8M	6.1M	7.9M
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	116.9M	150.9M	183.2M	183.5M	216.3M	125.9M
Property Plant Equipment	48.4M	53.7M	66.8M	89.8M	103.3M	53.6M
Capital Surpluse	33.5M	33.9M	34.6M	35.5M	40.8M	35.8M
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.

Moving against Western Stock

0.38

LGO

Largo Resources

Pair Corr

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

Details

Is Western Stock a good investment?

Details

What is Western Copper's Net Worth?

Details

Largest Other Industrial Metals & Mining Companies

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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 metropolitan statistical area.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Copper. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Copper listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.03)

Return On Assets

(0.03)

Return On Equity

(0.04)

The market value of Western Copper is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Copper's value that differs from its market value or its book value, called intrinsic value, which is Western Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Copper's market value can be influenced by many factors that don't directly affect Western Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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 Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

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

Moving against Western Stock

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
Common Stock	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.98	Total Assets
Common Stock	+ 0.98	Common Stock Shares Outstanding

Cash	- 1.0	Net Debt
Common Stock Shares Outstanding	- 0.8	Retained Earnings
Common Stock Total Equity	- 0.75	Retained Earnings
Retained Earnings	- 0.73	Total Assets
Total Current Assets	- 0.72	Net Debt
Cash And Short Term Investments	- 0.72	Net Debt