Western Free Cash Flow Yield vs Roic Analysis

WRX Stock

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Western Resources financial indicator trend analysis is more than just analyzing Western Resources Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Resources Corp is a good investment. Please check the relationship between Western Resources Free Cash Flow Yield and its Roic accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Resources Corp. 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 Roic

Free Cash Flow Yield vs Roic Correlation Analysis

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

The correlation between Western Resources' Free Cash Flow Yield and Roic is -0.3. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Roic in the same time period over historical financial statements of Western Resources Corp, assuming nothing else is changed. The correlation between historical values of Western Resources' Free Cash Flow Yield and Roic 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 Resources Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Free Cash Flow Yield i.e., Western Resources' Free Cash Flow Yield and Roic go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Western Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Resources Corp 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 Resources Corp. 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 Resources' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value Multiple is likely to grow to 53.39, while Selling General Administrative is likely to drop about 883.7 K.

Western Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Non Currrent Assets Other	Other Stockholder Equity	Other Current Liab	Short Term Investments	Intangible Assets	Net Tangible Assets	Other Assets	Property Plant Equipment
Total Assets		0.45	0.97	0.96	0.8	-0.63	0.32	-0.22	0.98	-0.01	-0.15	0.49	0.94	0.5	0.93	0.96	-0.16	0.86	0.32	0.55	0.88	0.2	-0.26	0.87	0.41	0.84
Total Current Liabilities	0.45		0.3	0.47	0.38	-0.36	0.96	-0.2	0.51	-0.26	-0.2	0.27	0.29	0.47	0.63	0.47	-0.41	0.43	0.75	0.11	0.38	-0.11	-0.25	0.34	0.82	0.63
Total Stockholder Equity	0.97	0.3		0.89	0.7	-0.71	0.17	-0.14	0.91	0.11	-0.06	0.57	0.9	0.47	0.81	0.89	0.04	0.86	0.22	0.47	0.79	0.29	-0.2	0.89	0.3	0.75
Property Plant And Equipment Net	0.96	0.47	0.89		0.92	-0.5	0.35	-0.42	0.99	-0.23	-0.19	0.4	0.95	0.49	0.96	1.0	-0.4	0.84	0.34	0.61	0.88	0.16	-0.38	0.79	0.41	0.86
Net Debt	0.8	0.38	0.7	0.92		-0.25	0.26	-0.69	0.87	-0.48	-0.16	0.17	0.88	0.42	0.87	0.92	-0.56	0.8	0.35	0.65	0.75	0.18	-0.57	0.65	0.37	0.76
Retained Earnings	-0.63	-0.36	-0.71	-0.5	-0.25		-0.32	-0.02	-0.54	-0.21	-0.09	-0.89	-0.44	-0.33	-0.41	-0.5	-0.29	-0.63	-0.2	0.14	-0.34	-0.27	-0.01	-0.58	-0.32	-0.47
Accounts Payable	0.32	0.96	0.17	0.35	0.26	-0.32		-0.18	0.38	-0.29	-0.16	0.22	0.17	0.27	0.5	0.35	-0.42	0.34	0.69	-0.06	0.28	-0.17	-0.24	0.18	0.77	0.49
Cash	-0.22	-0.2	-0.14	-0.42	-0.69	-0.02	-0.18		-0.32	0.78	-0.06	0.06	-0.31	-0.2	-0.31	-0.42	0.58	-0.52	-0.29	-0.28	-0.09	-0.24	0.75	-0.17	-0.25	-0.33
Non Current Assets Total	0.98	0.51	0.91	0.99	0.87	-0.54	0.38	-0.32		-0.15	-0.18	0.43	0.95	0.5	0.97	0.99	-0.35	0.84	0.4	0.58	0.89	0.14	-0.33	0.82	0.47	0.87
Cash And Short Term Investments	-0.01	-0.26	0.11	-0.23	-0.48	-0.21	-0.29	0.78	-0.15		-0.1	0.15	-0.12	-0.02	-0.21	-0.23	0.7	-0.21	-0.35	-0.17	-0.03	0.41	0.57	0.05	-0.29	-0.21
Net Receivables	-0.15	-0.2	-0.06	-0.19	-0.16	-0.09	-0.16	-0.06	-0.18	-0.1		0.03	-0.18	-0.18	-0.27	-0.19	0.17	0.09	-0.02	-0.24	-0.25	-0.06	-0.12	-0.05	-0.04	-0.21
Common Stock Total Equity	0.49	0.27	0.57	0.4	0.17	-0.89	0.22	0.06	0.43	0.15	0.03		0.35	0.23	0.31	0.39	0.19	0.41	0.16	-0.21	0.26	0.15	0.06	0.46	0.23	0.4
Common Stock Shares Outstanding	0.94	0.29	0.9	0.95	0.88	-0.44	0.17	-0.31	0.95	-0.12	-0.18	0.35		0.29	0.91	0.95	-0.27	0.8	0.21	0.61	0.93	0.15	-0.29	0.78	0.27	0.75
Other Current Assets	0.5	0.47	0.47	0.49	0.42	-0.33	0.27	-0.2	0.5	-0.02	-0.18	0.23	0.29		0.49	0.49	-0.13	0.44	0.39	0.5	0.22	0.28	-0.21	0.57	0.39	0.67
Total Liab	0.93	0.63	0.81	0.96	0.87	-0.41	0.5	-0.31	0.97	-0.21	-0.27	0.31	0.91	0.49		0.96	-0.45	0.76	0.44	0.61	0.92	0.04	-0.32	0.74	0.51	0.87
Property Plant And Equipment Gross	0.96	0.47	0.89	1.0	0.92	-0.5	0.35	-0.42	0.99	-0.23	-0.19	0.39	0.95	0.49	0.96		-0.4	0.84	0.34	0.61	0.88	0.16	-0.38	0.79	0.41	0.86
Total Current Assets	-0.16	-0.41	0.04	-0.4	-0.56	-0.29	-0.42	0.58	-0.35	0.7	0.17	0.19	-0.27	-0.13	-0.45	-0.4		-0.11	-0.46	-0.33	-0.28	0.27	0.4	0.03	-0.41	-0.36
Common Stock	0.86	0.43	0.86	0.84	0.8	-0.63	0.34	-0.52	0.84	-0.21	0.09	0.41	0.8	0.44	0.76	0.84	-0.11		0.38	0.43	0.63	0.36	-0.53	0.82	0.45	0.75
Non Currrent Assets Other	0.32	0.75	0.22	0.34	0.35	-0.2	0.69	-0.29	0.4	-0.35	-0.02	0.16	0.21	0.39	0.44	0.34	-0.46	0.38		0.06	0.14	-0.12	-0.31	0.27	0.98	0.44
Other Stockholder Equity	0.55	0.11	0.47	0.61	0.65	0.14	-0.06	-0.28	0.58	-0.17	-0.24	-0.21	0.61	0.5	0.61	0.61	-0.33	0.43	0.06		0.59	0.14	-0.27	0.67	0.02	0.71
Other Current Liab	0.88	0.38	0.79	0.88	0.75	-0.34	0.28	-0.09	0.89	-0.03	-0.25	0.26	0.93	0.22	0.92	0.88	-0.28	0.63	0.14	0.59		-0.02	-0.15	0.69	0.22	0.72
Short Term Investments	0.2	-0.11	0.29	0.16	0.18	-0.27	-0.17	-0.24	0.14	0.41	-0.06	0.15	0.15	0.28	0.04	0.16	0.27	0.36	-0.12	0.14	-0.02		-0.2	0.31	-0.1	0.16
Intangible Assets	-0.26	-0.25	-0.2	-0.38	-0.57	-0.01	-0.24	0.75	-0.33	0.57	-0.12	0.06	-0.29	-0.21	-0.32	-0.38	0.4	-0.53	-0.31	-0.27	-0.15	-0.2		-0.25	-0.28	-0.35
Net Tangible Assets	0.87	0.34	0.89	0.79	0.65	-0.58	0.18	-0.17	0.82	0.05	-0.05	0.46	0.78	0.57	0.74	0.79	0.03	0.82	0.27	0.67	0.69	0.31	-0.25		0.29	0.88
Other Assets	0.41	0.82	0.3	0.41	0.37	-0.32	0.77	-0.25	0.47	-0.29	-0.04	0.23	0.27	0.39	0.51	0.41	-0.41	0.45	0.98	0.02	0.22	-0.1	-0.28	0.29		0.47
Property Plant Equipment	0.84	0.63	0.75	0.86	0.76	-0.47	0.49	-0.33	0.87	-0.21	-0.21	0.4	0.75	0.67	0.87	0.86	-0.36	0.75	0.44	0.71	0.72	0.16	-0.35	0.88	0.47

Click cells to compare fundamentals

Western Resources Account Relationship Matchups

Western Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	264.8M	246.8M	304.5M	351.1M	403.8M	424.0M
Total Current Liabilities	57.1M	45.4M	14.4M	13.8M	15.9M	10.6M
Total Stockholder Equity	166.6M	160.8M	241.4M	245.7M	282.6M	296.7M
Property Plant And Equipment Net	216.1M	231.4M	260.4M	329.6M	379.1M	398.0M
Net Debt	37.3M	20.3M	36.6M	74.6M	85.8M	90.0M
Retained Earnings	(92.7M)	(98.4M)	(99.6M)	(96.8M)	(87.2M)	(91.5M)
Accounts Payable	37.3M	41.5M	4.3M	5.1M	5.9M	7.6M
Cash	6.7M	8.0M	2.2M	3.5M	3.1M	3.0M
Non Current Assets Total	253.6M	237.8M	267.7M	337.4M	388.0M	407.4M
Cash And Short Term Investments	10.0M	8.1M	30.5M	12.2M	14.0M	23.1M
Net Receivables	850.1K	143.1K	653.0K	290.4K	333.9K	317.2K
Common Stock Shares Outstanding	186.1M	186.2M	188.8M	408.6M	469.9M	493.4M
Liabilities And Stockholders Equity	264.8M	246.8M	304.5M	351.1M	403.8M	424.0M
Other Current Assets	3.2M	800.0K	5.7M	1.2M	1.4M	829.1K
Total Liab	95.6M	86.0M	63.1M	105.4M	121.2M	127.3M
Property Plant And Equipment Gross	216.1M	232.2M	261.3M	330.7M	380.2M	399.3M
Total Current Assets	11.2M	9.1M	36.8M	13.7M	15.7M	15.0M
Non Currrent Assets Other	27.3M	5.0M	6.5M	6.5M	7.5M	5.9M
Other Stockholder Equity	28.2M	28.1M	54.7M	56.2M	64.7M	36.0M
Other Current Liab	2.4M	3.9M	1.2M	5.4M	6.2M	6.5M
Short Term Investments	3.3M	70.8K	28.3M	8.7M	10.0M	9.3M
Net Tangible Assets	160.6M	166.6M	160.8M	241.4M	277.6M	173.1M
Other Assets	25.2M	32.9M	8.8M	6.5M	7.5M	9.7M
Property Plant Equipment	151.4M	210.5M	227.6M	260.4M	299.5M	150.3M
Long Term Debt Total	9.5M	34.3M	36.6M	29.8M	34.3M	17.3M
Non Current Liabilities Total	38.5M	40.6M	48.7M	91.6M	105.3M	110.6M
Capital Surpluse	21.3M	29.0M	28.8M	55.5M	63.8M	67.0M
Short Term Debt	17.4M	37.4K	8.9M	3.3M	3.8M	4.1M
Net Invested Capital	197.4M	189.1M	280.2M	320.5M	368.5M	228.8M
Long Term Investments	10.2M	1.4M	830.5K	1.1M	970.7K	922.2K
Net Working Capital	(45.9M)	(36.4M)	22.4M	(100.2K)	(90.2K)	(85.7K)
Short Long Term Debt Total	51.7M	36.7M	38.8M	78.0M	89.7M	47.2M

Pair Trading with Western Resources

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

Moving against Western Stock

0.43	BRK	Berkshire Hathaway CDR	Pair Corr
0.32	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to Western Resources 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 Resources 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 Resources - 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 Resources Corp to buy it.

The correlation of Western Resources 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 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Resources Corp 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 Resources 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

Other Information on Investing in Western Stock

Balance Sheet is a snapshot of the financial position of Western Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Western Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Western Resources 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.

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Western Free Cash Flow Yield vs Roic Analysis

Free Cash Flow Yield vs Roic

Free Cash Flow Yield vs Roic Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Roic

Western Resources fundamental ratios Correlations

Western Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Resources fundamental ratios Accounts

Pair Trading with Western Resources

Moving against Western Stock

Other Information on Investing in Western Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.98	Total Assets
Other Assets	+ 0.98	Non Currrent Assets Other
Total Stockholder Equity	+ 0.97	Total Assets

Common Stock Total Equity	- 0.89	Retained Earnings
Retained Earnings	- 0.71	Total Stockholder Equity
Cash	- 0.69	Net Debt
Common Stock	- 0.63	Retained Earnings
Retained Earnings	- 0.63	Total Assets
Net Tangible Assets	- 0.58	Retained Earnings