Championx Stock Current Asset
CHX Stock | USD 33.55 0.05 0.15% |
ChampionX fundamentals help investors to digest information that contributes to ChampionX's financial success or failures. It also enables traders to predict the movement of ChampionX Stock. The fundamental analysis module provides a way to measure ChampionX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ChampionX stock.
Non Current Assets Total is likely to rise to about 1.9 B in 2024, whereas Other Current Assets are likely to drop slightly above 45.2 M in 2024. ChampionX | Current Asset |
ChampionX Company Current Asset Analysis
ChampionX's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
ChampionX Current Asset Historical Pattern
Today, most investors in ChampionX Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ChampionX's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ChampionX current asset as a starting point in their analysis.
ChampionX Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition |
ChampionX Total Assets
Total Assets |
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In accordance with the recently published financial statements, ChampionX has a Current Asset of 0.0. This is 100.0% lower than that of the Energy Equipment & Services sector and 100.0% lower than that of the Energy industry. The current asset for all United States stocks is 100.0% higher than that of the company.
ChampionX Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ChampionX's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ChampionX could also be used in its relative valuation, which is a method of valuing ChampionX by comparing valuation metrics of similar companies.ChampionX is currently under evaluation in current asset category among related companies.
ChampionX Fundamentals
Return On Equity | 0.22 | ||||
Return On Asset | 0.0967 | ||||
Profit Margin | 0.1 % | ||||
Operating Margin | 0.14 % | ||||
Current Valuation | 6.7 B | ||||
Shares Outstanding | 190.37 M | ||||
Shares Owned By Insiders | 0.90 % | ||||
Shares Owned By Institutions | 99.10 % | ||||
Number Of Shares Shorted | 5.9 M | ||||
Price To Earning | 81.16 X | ||||
Price To Book | 4.22 X | ||||
Price To Sales | 1.89 X | ||||
Revenue | 3.76 B | ||||
Gross Profit | 945.88 M | ||||
EBITDA | 506.61 M | ||||
Net Income | 318.72 M | ||||
Cash And Equivalents | 187.47 M | ||||
Cash Per Share | 0.94 X | ||||
Total Debt | 665.75 M | ||||
Debt To Equity | 0.43 % | ||||
Current Ratio | 1.85 X | ||||
Book Value Per Share | 8.98 X | ||||
Cash Flow From Operations | 540.27 M | ||||
Short Ratio | 1.75 X | ||||
Earnings Per Share | 1.84 X | ||||
Price To Earnings To Growth | 1.52 X | ||||
Target Price | 43.67 | ||||
Number Of Employees | 7.1 K | ||||
Beta | 2.47 | ||||
Market Capitalization | 6.4 B | ||||
Total Asset | 3.24 B | ||||
Retained Earnings | (455.68 M) | ||||
Working Capital | 642.67 M | ||||
Annual Yield | 0.01 % | ||||
Net Asset | 3.24 B | ||||
Last Dividend Paid | 0.35 |
About ChampionX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ChampionX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ChampionX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ChampionX based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ChampionX Investors Sentiment
The influence of ChampionX's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ChampionX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ChampionX's public news can be used to forecast risks associated with an investment in ChampionX. The trend in average sentiment can be used to explain how an investor holding ChampionX can time the market purely based on public headlines and social activities around ChampionX. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ChampionX's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ChampionX's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ChampionX's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ChampionX.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ChampionX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ChampionX's short interest history, or implied volatility extrapolated from ChampionX options trading.
Pair Trading with ChampionX
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 ChampionX 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 ChampionX will appreciate offsetting losses from the drop in the long position's value.Moving together with ChampionX Stock
0.92 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
0.82 | TS | Tenaris SA ADR | PairCorr |
0.82 | DNOW | Now Inc Earnings Call This Week | PairCorr |
Moving against ChampionX Stock
0.45 | NOA | North American Const | PairCorr |
The ability to find closely correlated positions to ChampionX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChampionX 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 ChampionX - 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 ChampionX to buy it.
The correlation of ChampionX 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 ChampionX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChampionX 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 ChampionX 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 ChampionX Piotroski F Score and ChampionX Altman Z Score analysis. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for ChampionX Stock analysis
When running ChampionX's price analysis, check to measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.
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Is ChampionX'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 ChampionX. If investors know ChampionX 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 ChampionX 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 0.871 | Dividend Share 0.35 | Earnings Share 1.84 | Revenue Per Share 19.216 | Quarterly Revenue Growth (0.03) |
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX'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 ChampionX's market value can be influenced by many factors that don't directly affect ChampionX'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 ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX'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.