Crescent Total Operating Expenses vs Income Before Tax Analysis
CPG Stock | CAD 11.76 0.17 1.42% |
Crescent Point financial indicator trend analysis is way more than just evaluating Crescent Point Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Point Energy is a good investment. Please check the relationship between Crescent Point Total Operating Expenses and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Operating Expenses vs Income Before Tax
Total Operating Expenses vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Point Energy Total Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Crescent Point's Total Operating Expenses and Income Before Tax is 0.17. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Crescent Point Energy, assuming nothing else is changed. The correlation between historical values of Crescent Point's Total Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Crescent Point Energy are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Operating Expenses i.e., Crescent Point's Total Operating Expenses and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Crescent Point income statement and is an important metric when analyzing Crescent Point Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Crescent Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Point Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Crescent Point's Tax Provision is very stable compared to the past year. As of the 14th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 101.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 1.7B | 2.0B | 2.3B | 2.1B | Total Revenue | 2.8B | 4.0B | 3.2B | 2.0B |
Crescent Point fundamental ratios Correlations
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Crescent Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crescent Point fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.1B | 6.6B | 9.2B | 9.5B | 12.8B | 8.7B | |
Other Current Liab | 543M | 421.2M | 277.9M | 227.2M | 183.8M | 141.2M | |
Total Current Liabilities | 775.3M | 669.2M | 1.0B | 1.2B | 1.4B | 1.4B | |
Total Stockholder Equity | 5.3B | 2.8B | 5.4B | 6.5B | 6.9B | 5.3B | |
Property Plant And Equipment Net | 8.2B | 4.6B | 7.8B | 7.9B | 11.4B | 7.7B | |
Net Debt | 3.0B | 2.4B | 2.1B | 1.3B | 3.5B | 1.9B | |
Retained Earnings | (11.6B) | (14.2B) | (11.8B) | (10.6B) | (10.2B) | (9.7B) | |
Cash | 56.9M | 8.8M | 13.5M | 289.9M | 17.3M | 33.9M | |
Non Current Assets Total | 9.5B | 6.4B | 8.8B | 8.5B | 11.7B | 8.3B | |
Cash And Short Term Investments | 56.9M | 8.8M | 13.5M | 289.9M | 333.4M | 350.1M | |
Net Receivables | 295.9M | 200.5M | 314.3M | 327.8M | 377.9M | 235.7M | |
Common Stock Shares Outstanding | 545.7M | 529.3M | 575.1M | 571.1M | 619.9M | 342.1M | |
Liabilities And Stockholders Equity | 10.1B | 6.6B | 9.2B | 9.5B | 10.9B | 8.5B | |
Non Current Liabilities Total | 4.0B | 3.2B | 2.7B | 1.8B | 4.5B | 2.8B | |
Other Current Assets | 271.8M | 46.7M | 83.1M | 371.5M | 427.2M | 448.6M | |
Other Stockholder Equity | 35.1M | 19.7M | 17.5M | 17.1M | 15.4M | 14.6M | |
Total Liab | 4.7B | 3.8B | 3.8B | 3.0B | 5.9B | 3.5B | |
Property Plant And Equipment Gross | 8.2B | 4.6B | 25.3B | 24.1B | 26.5B | 27.8B | |
Total Current Assets | 631.5M | 278.7M | 410.9M | 989.2M | 1.1B | 1.1B | |
Short Long Term Debt Total | 3.1B | 2.4B | 2.1B | 1.6B | 1.8B | 1.9B | |
Non Currrent Assets Other | 502.2M | 422.8M | 151.2M | 102.8M | 118.2M | 187.6M | |
Short Term Debt | 232.3M | 248M | 303.6M | 563.6M | 648.1M | 680.5M | |
Accounts Payable | 479.4M | 311.6M | 450.7M | 448.2M | 634.9M | 449.4M | |
Accumulated Other Comprehensive Income | 495.5M | 517.7M | 529.6M | 620.3M | 713.3M | 749.0M | |
Good Will | 230.9M | 223.3M | 211.5M | 203.9M | 275.9M | 213.5M | |
Common Stock Total Equity | 16.5B | 16.5B | 16.4B | 16.5B | 18.9B | 16.6B | |
Common Stock | 16.4B | 16.5B | 16.7B | 16.4B | 18.9B | 16.9B | |
Other Liab | 1.1B | 985.8M | 925.7M | 752M | 676.8M | 1.2B | |
Net Tangible Assets | 5.1B | 2.6B | 5.2B | 6.3B | 5.7B | 5.7B | |
Other Assets | 1.0B | 1.6B | 721.3M | 381.6M | 438.8M | 810.0M | |
Long Term Debt | 2.7B | 2.0B | 1.7B | 902.8M | 3.2B | 2.3B | |
Long Term Investments | 22.4M | 2.5M | 0.0 | 200K | 180K | 171K | |
Short Long Term Debt | 201M | 221.6M | 278.1M | 538.7M | 380M | 274.4M | |
Property Plant Equipment | 8.2B | 4.6B | 7.8B | 7.9B | 7.1B | 8.9B | |
Long Term Debt Total | 2.9B | 2.2B | 1.8B | 1.0B | 901.8M | 856.7M | |
Capital Surpluse | 35.1M | 19.7M | 17.5M | 17.1M | 15.4M | 14.6M | |
Capital Lease Obligations | 181.2M | 156.5M | 141.4M | 124.1M | 144.7M | 120.3M | |
Net Invested Capital | 8.2B | 5.1B | 7.4B | 7.9B | 10.4B | 7.2B |
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving against Crescent Stock
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The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point 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 Crescent Point 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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