Western Return On Assets from 2010 to 2024
| WES Stock | USD 37.77 0.77 2.00% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.08196346 | Current Value 0.044 | Quarterly Volatility 0.03332093 |
Check Western Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Western main balance sheet or income statement drivers, such as Interest Expense of 380 M, Selling General Administrative of 244.3 M or Total Revenue of 1.7 B, as well as many exotic indicators such as Price To Sales Ratio of 5.78, Dividend Yield of 0.0517 or PTB Ratio of 4.06. Western financial statements analysis is a perfect complement when working with Western Midstream Valuation or Volatility modules.
Western | Return On Assets |
Latest Western Midstream's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Western Midstream Partners over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Western Midstream's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Western Midstream's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Western Return On Assets Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.04 | |
| Coefficient Of Variation | 64.00 | |
| Mean Deviation | 0.03 | |
| Median | 0.04 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0 | |
| Range | 0.1215 | |
| R-Value | 0.29 | |
| Mean Square Error | 0 | |
| R-Squared | 0.09 | |
| Significance | 0.29 | |
| Slope | 0 | |
| Total Sum of Squares | 0.02 |
Western Return On Assets History
About Western Midstream Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Western Midstream income statement, its balance sheet, and the statement of cash flows. Western Midstream investors use historical funamental indicators, such as Western Midstream's Return On Assets, to determine how well the company is positioned to perform in the future. Although Western Midstream investors may use each financial statement separately, they are all related. The changes in Western Midstream's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Western Midstream's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Western Midstream Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Western Midstream. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.08 | 0.04 |
Pair Trading with Western Midstream
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 Midstream 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 Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Western Stock
| 0.95 | AM | Antero Midstream Partners | PairCorr |
| 0.84 | EE | Excelerate Energy | PairCorr |
| 0.87 | ET | Energy Transfer LP | PairCorr |
Moving against Western Stock
| 0.41 | NGL | NGL Energy Partners Financial Report 29th of May 2024 | PairCorr |
The ability to find closely correlated positions to Western Midstream 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 Midstream 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 Midstream - 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 Midstream Partners to buy it.
The correlation of Western Midstream 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 Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Midstream 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 Midstream 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.Check out the analysis of Western Midstream Correlation against competitors. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Western Stock analysis
When running Western Midstream's price analysis, check to measure Western Midstream'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 Western Midstream is operating at the current time. Most of Western Midstream's value examination focuses on studying past and present price action to predict the probability of Western Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Midstream's price. Additionally, you may evaluate how the addition of Western Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Western Midstream's industry 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 Midstream. 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 Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.841 | Dividend Share 2.588 | Earnings Share 3.55 | Revenue Per Share 8.536 | Quarterly Revenue Growth 0.209 |
The market value of Western Midstream 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream'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 Midstream's market value can be influenced by many factors that don't directly affect Western Midstream'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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream'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.