Championx Quick Ratio Trend from 2010 to 2022

CHX
 Stock
  

USD 20.72  0.23  1.12%   

Championx Corp Quick Ratio yearly trend continues to be fairly stable with very little volatility. Quick Ratio is likely to outpace its year average in 2022. During the period from 2010 to 2022, Championx Corp Quick Ratio regression line of anual values had r-squared of 0.45 and arithmetic mean of  1.34. Championx Corp Direct Expenses is fairly stable at the moment as compared to the past year. Championx Corp reported Direct Expenses of 2.33 Billion in 2021. Consolidated Income is likely to rise to about 123.3 M in 2022, whereas Gross Profit is likely to drop slightly above 626.5 M in 2022.
  
Check Championx Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Championx main balance sheet or income statement drivers, such as Direct Expenses of 2.5 B, Consolidated Income of 123.3 M or Cost of Revenue of 2.5 B, as well as many exotic indicators such as Interest Coverage of 3.93, Long Term Debt to Equity of 0.36 or Calculated Tax Rate of 24.45. Championx financial statements analysis is a perfect complement when working with Championx Corp Valuation or Volatility modules. It can also supplement Championx Corp's financial leverage analysis and stock options assessment as well as various Championx Corp Technical models . Continue to the analysis of Championx Corp Correlation against competitors.

Championx Quick Ratio Breakdown

Showing smoothed Quick Ratio of Championx Corp with missing and latest data points interpolated. Championx Corp's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Championx Corp's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Decreasing
Slightly volatile
   Quick Ratio   
Share
       Timeline  

Championx Quick Ratio Regression Statistics

Arithmetic Mean 1.34
Geometric Mean 1.34
Coefficient Of Variation 8.74
Mean Deviation 0.09
Median 1.40
Standard Deviation 0.12
Sample Variance 0.013744
Range 0.41
R-Value(0.67)
Mean Square Error 0.008182
R-Squared 0.45
Significance 0.011532
Slope(0.020289)
Total Sum of Squares 0.16

Championx Quick Ratio History

2017 1.44
2018 1.41
2019 1.24
2020 1.21
2021 1.03
2022 1.29

About Championx Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Championx Corp income statement, its balance sheet, and the statement of cash flows. Championx Corp investors use historical funamental indicators, such as Championx Corp's Quick Ratio, to determine how well the company is positioned to perform in the future. Although Championx Corp investors may use each financial statement separately, they are all related. The changes in Championx Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Championx Corp'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 Championx Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Championx Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Quick Ratio 1.03  1.29 
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

Championx Corp Investors Sentiment

The influence of Championx Corp'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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Championx Corp's public news can be used to forecast risks associated with 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 Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Championx Corp'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 Corp'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 Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Championx Corp.

Championx Corp Implied Volatility

    
  38.8  
Championx Corp's implied volatility exposes the market's sentiment of Championx Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Championx Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Championx Corp stock will not fluctuate a lot when Championx Corp's options are near their expiration.
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 Corp 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 Corp's short interest history, or implied volatility extrapolated from Championx Corp options trading.

Pair Trading with Championx Corp

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 Corp 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 Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Championx Corp

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The ability to find closely correlated positions to Championx Corp 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 Corp 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 Corp - 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 Corp to buy it.
The correlation of Championx Corp is a statistical measure of how it moves in relation to other equities. 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx Corp 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 Corp 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Championx Corp Correlation against competitors. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Championx Corp price analysis, check to measure Championx Corp'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 Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp'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 Corp. 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 Corp 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 YOY
3.33
Market Capitalization
4.2 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp 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 Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp'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 Corp's market value can be influenced by many factors that don't directly affect Championx Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp'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.