XCana Petroleum EBITDA vs. Beta
| XCPT Stock | USD 0.03 0.07 73.47% |
For XCana Petroleum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of XCana Petroleum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well XCana Petroleum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between XCana Petroleum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of XCana Petroleum over time as well as its relative position and ranking within its peers.
XCana |
XCana Petroleum Beta vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining XCana Petroleum's current stock value. Our valuation model uses many indicators to compare XCana Petroleum value to that of its competitors to determine the firm's financial worth. XCana Petroleum is rated second in ebitda category among its peers. It is rated first in beta category among its peers . 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 XCana Petroleum's earnings, one of the primary drivers of an investment's value.XCana Beta vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
XCana Petroleum |
| = | (1.55 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
XCana Petroleum |
| = | 41.82 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
XCana Beta Comparison
XCana Petroleum is currently under evaluation in beta category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, XCana Petroleum will likely underperform.
XCana Petroleum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in XCana Petroleum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, XCana Petroleum will eventually generate negative long term returns. The profitability progress is the general direction of XCana Petroleum's change in net profit over the period of time. It can combine multiple indicators of XCana Petroleum, 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.
XCana Petroleum Corporation, an oil and gas company, is engaged in exploiting oil and gas reserves in the Western Canadian Sedimentary basin. XCana Petroleum Corporation was incorporated in 1980 and is based in Dallas, Texas with subsidiaries in the United States and Colombia. Xcana Petroleum operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 170 people.
XCana Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on XCana Petroleum. 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 XCana Petroleum 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 XCana Petroleum's important profitability drivers and their relationship over time.
Use XCana Petroleum 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 XCana Petroleum 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 XCana Petroleum will appreciate offsetting losses from the drop in the long position's value.XCana Petroleum Pair Trading
XCana Petroleum Pair Trading Analysis
The ability to find closely correlated positions to XCana Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XCana Petroleum 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 XCana Petroleum - 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 XCana Petroleum to buy it.
The correlation of XCana Petroleum 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 XCana Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XCana Petroleum 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 XCana Petroleum 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 XCana Petroleum position
In addition to having XCana Petroleum 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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Additional Tools for XCana Pink Sheet Analysis
When running XCana Petroleum's price analysis, check to measure XCana Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XCana Petroleum is operating at the current time. Most of XCana Petroleum's value examination focuses on studying past and present price action to predict the probability of XCana Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XCana Petroleum's price. Additionally, you may evaluate how the addition of XCana Petroleum to your portfolios can decrease your overall portfolio volatility.