Enerplus Capex To Revenue vs Cash Per Share Analysis
ERF Stock | CAD 27.19 0.30 1.09% |
Enerplus financial indicator trend analysis is much more than just examining Enerplus latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerplus is a good investment. Please check the relationship between Enerplus Capex To Revenue and its Cash Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.
Capex To Revenue vs Cash Per Share
Capex To Revenue vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Capex To Revenue account and Cash Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between Enerplus' Capex To Revenue and Cash Per Share is 0.27. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Capex To Revenue and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Enerplus are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Capex To Revenue i.e., Enerplus' Capex To Revenue and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Cash Per Share
Most indicators from Enerplus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerplus 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.At this time, Enerplus' Selling General Administrative is very stable compared to the past year. As of the 11th of May 2024, Tax Provision is likely to grow to about 116.9 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 56.8M | 70.0M | 1.1B | 1.2B | Cost Of Revenue | 794.0M | 996.7M | 902.3M | 510.7M |
Enerplus fundamental ratios Correlations
Click cells to compare fundamentals
Enerplus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enerplus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 1.2B | 2.0B | 1.9B | 2.1B | 2.9B | |
Short Long Term Debt Total | 505.0M | 413.5M | 730.7M | 282.4M | 324.8M | 557.4M | |
Other Current Liab | 84.9M | 101.0M | 249.4M | 120.7M | 138.8M | 93.0M | |
Total Current Liabilities | 321.5M | 306.3M | 621.4M | 503.2M | 478.4M | 296.8M | |
Total Stockholder Equity | 1.1B | 420.1M | 609.3M | 1.1B | 1.2B | 1.7B | |
Property Plant And Equipment Net | 1.2B | 492.4M | 1.3B | 1.4B | 1.5B | 2.2B | |
Net Debt | 388.9M | 323.7M | 669.3M | 244.4M | 119.3M | 113.3M | |
Retained Earnings | (1.5B) | (2.3B) | (2.2B) | (1.5B) | (1.2B) | (1.3B) | |
Accounts Payable | 142.1M | 113.4M | 260.8M | 288.2M | 294.1M | 171.0M | |
Cash | 116.1M | 89.8M | 61.3M | 38M | 66.7M | 52.4M | |
Non Current Assets Total | 1.7B | 968.5M | 1.7B | 1.5B | 1.7B | 2.6B | |
Non Currrent Assets Other | 10.6M | 3.8M | 9.8M | 21.2M | 5.9M | 5.6M | |
Cash And Short Term Investments | 116.1M | 89.8M | 61.3M | 38M | 43.7M | 51.5M | |
Net Receivables | 156.1M | 83.4M | 228.0M | 276.6M | 38.3M | 36.3M | |
Common Stock Shares Outstanding | 231.3M | 222.5M | 259.9M | 242.7M | 202.2M | 160.9M | |
Liabilities And Stockholders Equity | 2.0B | 1.2B | 2.0B | 1.9B | 2.2B | 2.9B | |
Non Current Liabilities Total | 516.1M | 423.7M | 759.3M | 358.2M | 362.8M | 344.6M | |
Other Stockholder Equity | 45.5M | 39.7M | 50.9M | 50.5M | 45.4M | 43.1M | |
Total Liab | 837.7M | 729.9M | 1.4B | 861.4M | 841.1M | 1.2B | |
Property Plant And Equipment Gross | 1.6B | 627.9M | 13.2B | 7.3B | 7.9B | 8.3B | |
Total Current Assets | 282.6M | 181.6M | 306.0M | 407.7M | 383.3M | 221.3M | |
Accumulated Other Comprehensive Income | 236.0M | 251.0M | (297.3M) | (301.3M) | (346.5M) | (329.2M) | |
Other Current Assets | 2.3M | 5.6M | 11.0M | 56.6M | 45.0M | 58.5M | |
Other Assets | 277.1M | 607.0M | 390.6M | 176.2M | 202.6M | 259.9M | |
Short Term Debt | 94.6M | 91.9M | 111.2M | 94.3M | 84.8M | 120.7M | |
Common Stock Total Equity | 3.4B | 3.3B | 3.1B | 3.1B | 2.8B | 2.6B | |
Common Stock | 2.4B | 2.4B | 3.1B | 2.8B | 2.6B | 2.2B | |
Other Liab | 138.0M | 130.2M | 139.9M | 170.0M | 153.0M | 145.5M | |
Net Tangible Assets | 1.3B | 535.7M | 609.3M | 1.1B | 969.0M | 782.2M | |
Long Term Debt | 500.6M | 386.6M | 601.2M | 178.9M | 105.4M | 100.2M | |
Short Long Term Debt | 106.0M | 103.8M | 100.6M | 80.6M | 72.5M | 68.9M | |
Property Plant Equipment | 1.6B | 627.9M | 1.3B | 1.4B | 1.2B | 1.1B | |
Long Term Debt Total | 536.2M | 386.6M | 601.2M | 178.9M | 161.0M | 153.0M | |
Capital Surpluse | 59.5M | 50.6M | 50.9M | 50.5M | 45.4M | 42.3M | |
Net Invested Capital | 2.1B | 1.0B | 1.3B | 1.3B | 1.4B | 1.4B | |
Net Working Capital | (50.9M) | (159.0M) | (315.5M) | (95.5M) | (95.1M) | (90.3M) | |
Capital Stock | 2.4B | 2.4B | 3.1B | 2.8B | 2.7B | 2.9B | |
Cash And Equivalents | 114.4M | 89.9M | 61.3M | 38M | 34.2M | 32.5M |
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 Enerplus 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, Enerplus' short interest history, or implied volatility extrapolated from Enerplus options trading.
Pair Trading with Enerplus
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 Enerplus 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 Enerplus will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerplus Stock
0.78 | ENB-PFC | Enbridge Pref 11 | PairCorr |
0.72 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Enerplus Stock
0.88 | ECN | ECN Capital Corp | PairCorr |
The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus 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 Enerplus - 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 Enerplus to buy it.
The correlation of Enerplus 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 Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus 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 Enerplus 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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