Westbridge Energy Market Capitalization vs. Current Liabilities
| WEGYF Stock | USD 0.57 0.01 1.79% |
For Westbridge Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Westbridge Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Westbridge Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Westbridge Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Westbridge Energy over time as well as its relative position and ranking within its peers.
Westbridge |
Westbridge Energy Current Liabilities vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Westbridge Energy's current stock value. Our valuation model uses many indicators to compare Westbridge Energy value to that of its competitors to determine the firm's financial worth. Westbridge Energy is rated first in market capitalization category among its peers. It is rated first in current liabilities category among its peers creating about 0.02 of Current Liabilities per Market Capitalization. The ratio of Market Capitalization to Current Liabilities for Westbridge Energy is roughly 60.19 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Westbridge Energy's earnings, one of the primary drivers of an investment's value.Westbridge Market Capitalization vs. Competition
Westbridge Energy is rated first in market capitalization category among its peers. Market capitalization of Utilities—Renewable industry is at this time estimated at about 15.91 Billion. Westbridge Energy adds roughly 40.87 Million in market capitalization claiming only tiny portion of Utilities—Renewable industry.
Westbridge Current Liabilities vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Westbridge Energy |
| = | 40.87 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Westbridge Energy |
| = | 679 K |
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Westbridge Current Liabilities Comparison
Westbridge Energy is currently under evaluation in current liabilities category among its peers.
Westbridge Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Westbridge Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Westbridge Energy will eventually generate negative long term returns. The profitability progress is the general direction of Westbridge Energy's change in net profit over the period of time. It can combine multiple indicators of Westbridge Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Westbridge Energy Corporation engages in the acquisition and development of solar photovoltaic projects in Canada and the United States. It also holds 100 percent interest in the Accalia project, a 221MWp solar PV plant covering an area of approximately 1,120 acres located in Cameron County, Texas and 75 percent interest in the Sunnynook Project, a 236MWp solar PV plant with a 100MW battery energy storage system covering an area of approximately 940 acres located in Sunnynook, Alberta, Canada. Westbridge Renewable operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange.
Westbridge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Westbridge Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Westbridge Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Westbridge Energy's important profitability drivers and their relationship over time.
Use Westbridge Energy in pair-trading
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 Westbridge Energy 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 Westbridge Energy will appreciate offsetting losses from the drop in the long position's value.Westbridge Energy Pair Trading
Westbridge Energy Pair Trading Analysis
The ability to find closely correlated positions to Westbridge Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westbridge Energy 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 Westbridge Energy - 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 Westbridge Energy to buy it.
The correlation of Westbridge Energy 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 Westbridge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westbridge Energy 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 Westbridge Energy 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.Use Investing Themes to Complement your Westbridge Energy position
In addition to having Westbridge Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Westbridge OTC Stock
To fully project Westbridge Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Westbridge Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Westbridge Energy's income statement, its balance sheet, and the statement of cash flows.