Canadian Total Stockholder Equity vs Other Stockholder Equity Analysis

CSIQ Stock

USD 15.15 0.65 4.48%

Canadian Solar financial indicator trend analysis is way more than just evaluating Canadian Solar prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Solar is a good investment. Please check the relationship between Canadian Solar Total Stockholder Equity and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

Total Stockholder Equity vs Other Stockholder Equity

Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Solar Total Stockholder Equity account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Canadian Solar's Total Stockholder Equity and Other Stockholder Equity is 0.76. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Canadian Solar, assuming nothing else is changed. The correlation between historical values of Canadian Solar's Total Stockholder Equity and Other Stockholder Equity 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 Stockholder Equity of Canadian Solar are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., Canadian Solar's Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Stockholder Equity

Most indicators from Canadian Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Solar 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 Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.At this time, Canadian Solar's Issuance Of Capital Stock is relatively stable compared to the past year. As of 04/28/2024, Enterprise Value is likely to grow to about 3.4 B, while Selling General Administrative is likely to drop slightly above 318.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	909.3M	1.3B	1.3B	1.3B
Total Revenue	5.3B	7.5B	7.6B	8.0B

Gross Profit Total Revenue

Canadian Solar fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Non Current Liabilities Total	Other Current Assets	Other Liab	Short Term Investments	Common Stock	Property Plant Equipment
Total Assets		0.98	0.93	0.57	0.91	0.97	0.96	0.94	0.91	0.95	0.64	0.9	0.79	0.99	0.94	0.97	0.96	0.98	0.94	0.37	0.98	0.24	0.9	-0.46	0.69	0.95
Total Stockholder Equity	0.98		0.91	0.57	0.89	0.95	0.96	0.95	0.89	0.95	0.64	0.91	0.76	0.96	0.94	0.95	0.91	0.94	0.98	0.27	0.96	0.21	0.95	-0.51	0.68	0.94
Property Plant And Equipment Net	0.93	0.91		0.3	0.97	0.99	0.92	0.81	0.97	0.9	0.42	0.86	0.91	0.9	0.95	0.81	0.89	0.85	0.88	0.23	0.97	-0.1	0.78	-0.3	0.47	0.95
Net Debt	0.57	0.57	0.3		0.18	0.4	0.47	0.69	0.18	0.62	0.79	0.56	0.01	0.63	0.53	0.72	0.5	0.68	0.58	0.48	0.47	0.62	0.68	-0.45	0.76	0.52
Cash	0.91	0.89	0.97	0.18		0.96	0.91	0.78	1.0	0.83	0.37	0.8	0.94	0.87	0.87	0.79	0.89	0.82	0.85	0.18	0.94	-0.05	0.75	-0.35	0.43	0.88
Non Current Assets Total	0.97	0.95	0.99	0.4	0.96		0.96	0.88	0.96	0.92	0.5	0.86	0.9	0.95	0.95	0.87	0.93	0.91	0.91	0.27	0.99	0.04	0.83	-0.38	0.55	0.96
Non Currrent Assets Other	0.96	0.96	0.92	0.47	0.91	0.96		0.95	0.91	0.89	0.53	0.85	0.83	0.93	0.9	0.89	0.91	0.9	0.94	0.18	0.96	0.16	0.9	-0.5	0.58	0.9
Other Assets	0.94	0.95	0.81	0.69	0.78	0.88	0.95		0.78	0.89	0.66	0.85	0.64	0.93	0.87	0.94	0.86	0.92	0.95	0.25	0.91	0.35	0.96	-0.56	0.7	0.87
Cash And Short Term Investments	0.91	0.89	0.97	0.18	1.0	0.96	0.91	0.78		0.83	0.37	0.8	0.94	0.87	0.87	0.79	0.89	0.82	0.85	0.18	0.94	-0.05	0.75	-0.35	0.43	0.88
Net Receivables	0.95	0.95	0.9	0.62	0.83	0.92	0.89	0.89	0.83		0.67	0.95	0.7	0.95	0.96	0.92	0.87	0.93	0.92	0.36	0.94	0.1	0.88	-0.36	0.72	0.96
Common Stock Shares Outstanding	0.64	0.64	0.42	0.79	0.37	0.5	0.53	0.66	0.37	0.67		0.57	0.16	0.67	0.59	0.74	0.54	0.71	0.56	0.73	0.55	0.48	0.68	-0.13	0.95	0.58
Inventory	0.9	0.91	0.86	0.56	0.8	0.86	0.85	0.85	0.8	0.95	0.57		0.64	0.88	0.92	0.88	0.79	0.86	0.9	0.24	0.89	0.0	0.88	-0.38	0.61	0.92
Other Stockholder Equity	0.79	0.76	0.91	0.01	0.94	0.9	0.83	0.64	0.94	0.7	0.16	0.64		0.75	0.75	0.63	0.84	0.69	0.73	0.07	0.85	-0.14	0.56	-0.33	0.21	0.75
Total Liab	0.99	0.96	0.9	0.63	0.87	0.95	0.93	0.93	0.87	0.95	0.67	0.88	0.75		0.93	0.98	0.96	0.99	0.92	0.44	0.97	0.3	0.89	-0.45	0.72	0.93
Property Plant And Equipment Gross	0.94	0.94	0.95	0.53	0.87	0.95	0.9	0.87	0.87	0.96	0.59	0.92	0.75	0.93		0.87	0.84	0.9	0.92	0.34	0.97	0.0	0.87	-0.31	0.63	1.0
Total Current Assets	0.97	0.95	0.81	0.72	0.79	0.87	0.89	0.94	0.79	0.92	0.74	0.88	0.63	0.98	0.87		0.92	0.99	0.91	0.44	0.91	0.42	0.91	-0.52	0.79	0.87
Other Current Liab	0.96	0.91	0.89	0.5	0.89	0.93	0.91	0.86	0.89	0.87	0.54	0.79	0.84	0.96	0.84	0.92		0.96	0.87	0.36	0.93	0.33	0.79	-0.52	0.59	0.85
Total Current Liabilities	0.98	0.94	0.85	0.68	0.82	0.91	0.9	0.92	0.82	0.93	0.71	0.86	0.69	0.99	0.9	0.99	0.96		0.9	0.48	0.93	0.39	0.88	-0.47	0.76	0.9
Retained Earnings	0.94	0.98	0.88	0.58	0.85	0.91	0.94	0.95	0.85	0.92	0.56	0.9	0.73	0.92	0.92	0.91	0.87	0.9		0.16	0.93	0.19	0.94	-0.62	0.58	0.92
Accounts Payable	0.37	0.27	0.23	0.48	0.18	0.27	0.18	0.25	0.18	0.36	0.73	0.24	0.07	0.44	0.34	0.44	0.36	0.48	0.16		0.31	0.34	0.2	0.27	0.68	0.33
Non Current Liabilities Total	0.98	0.96	0.97	0.47	0.94	0.99	0.96	0.91	0.94	0.94	0.55	0.89	0.85	0.97	0.97	0.91	0.93	0.93	0.93	0.31		0.08	0.87	-0.39	0.6	0.97
Other Current Assets	0.24	0.21	-0.1	0.62	-0.05	0.04	0.16	0.35	-0.05	0.1	0.48	0.0	-0.14	0.3	0.0	0.42	0.33	0.39	0.19	0.34	0.08		0.3	-0.49	0.49	-0.01
Other Liab	0.9	0.95	0.78	0.68	0.75	0.83	0.9	0.96	0.75	0.88	0.68	0.88	0.56	0.89	0.87	0.91	0.79	0.88	0.94	0.2	0.87	0.3		-0.53	0.72	0.87
Short Term Investments	-0.46	-0.51	-0.3	-0.45	-0.35	-0.38	-0.5	-0.56	-0.35	-0.36	-0.13	-0.38	-0.33	-0.45	-0.31	-0.52	-0.52	-0.47	-0.62	0.27	-0.39	-0.49	-0.53		-0.11	-0.31
Common Stock	0.69	0.68	0.47	0.76	0.43	0.55	0.58	0.7	0.43	0.72	0.95	0.61	0.21	0.72	0.63	0.79	0.59	0.76	0.58	0.68	0.6	0.49	0.72	-0.11		0.62
Property Plant Equipment	0.95	0.94	0.95	0.52	0.88	0.96	0.9	0.87	0.88	0.96	0.58	0.92	0.75	0.93	1.0	0.87	0.85	0.9	0.92	0.33	0.97	-0.01	0.87	-0.31	0.62

Click cells to compare fundamentals

Canadian Solar Account Relationship Matchups

Canadian Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5B	6.5B	7.4B	9.0B	11.9B	12.5B
Total Stockholder Equity	1.4B	1.6B	1.8B	1.9B	2.6B	2.7B
Property Plant And Equipment Net	1.1B	1.3B	1.5B	2.2B	4.3B	4.5B
Net Debt	1.8B	1.6B	2.4B	3.0B	1.5B	1.0B
Cash	668.8M	1.2B	869.8M	981.4M	2.9B	3.1B
Non Current Assets Total	2.2B	2.4B	2.6B	3.4B	6.1B	6.4B
Non Currrent Assets Other	687.1M	674.5M	645.8M	734.9M	1.2B	1.3B
Other Assets	841.1M	845.1M	882.3M	963.0M	1.1B	1.2B
Cash And Short Term Investments	668.8M	1.2B	869.8M	981.4M	2.9B	3.1B
Net Receivables	592.2M	545.7M	887.5M	1.2B	1.2B	1.3B
Common Stock Shares Outstanding	60.8M	62.3M	68.9M	71.2M	72.2M	49.4M
Liabilities And Stockholders Equity	5.5B	6.5B	7.4B	9.0B	11.9B	12.5B
Inventory	554.1M	696.0M	1.2B	1.5B	1.4B	1.4B
Other Stockholder Equity	5.3M	(28.2M)	(19.4M)	1.1M	292.7M	307.4M
Total Liab	4.0B	4.6B	5.3B	6.7B	8.2B	8.6B
Property Plant And Equipment Gross	1.1B	1.3B	1.5B	2.2B	2.6B	2.7B
Total Current Assets	3.3B	4.2B	4.8B	5.6B	5.8B	6.1B
Other Current Liab	588.5M	757.2M	913.4M	1.2B	2.0B	2.1B
Total Current Liabilities	3.1B	3.6B	4.0B	5.3B	5.9B	6.2B
Retained Earnings	793.6M	940.3M	1.0B	1.3B	1.5B	1.6B
Accounts Payable	585.6M	514.7M	503.0M	805.3M	813.7M	458.0M
Non Current Liabilities Total	950.2M	1.1B	1.2B	1.5B	2.3B	2.4B
Other Current Assets	857.6M	1.1B	1.0B	653.9M	292.9M	533.7M
Accumulated Other Comprehensive Income	(109.6M)	(28.7M)	(50.6M)	(170.6M)	(118.7M)	(112.8M)
Other Liab	295.0M	370.8M	452.2M	360.6M	414.6M	435.4M
Common Stock	702.9M	703.8M	687.0M	835.5M	752.0M	714.4M
Property Plant Equipment	1.1B	1.3B	1.5B	2.3B	2.6B	2.8B
Short Long Term Debt Total	2.4B	2.8B	3.3B	4.0B	4.5B	4.7B
Current Deferred Revenue	134.8M	189.5M	135.5M	334.9M	392.3M	465.7M
Long Term Debt	619.5M	669.3M	748.3M	1.0B	1.2B	1.3B
Short Term Debt	1.8B	2.1B	2.5B	2.9B	2.7B	2.8B
Intangible Assets	83.6M	84.8M	90.0M	85.6M	19.7M	18.7M
Common Stock Total Equity	702.2M	702.9M	703.8M	687.0M	790.1M	705.7M
Net Tangible Assets	1.3B	1.5B	1.7B	1.9B	2.2B	1.2B
Long Term Investments	152.8M	78.3M	98.8M	115.8M	104.2M	129.2M
Short Long Term Debt	1.8B	2.1B	2.5B	2.9B	3.4B	1.8B

Canadian Solar Investors Sentiment

The influence of Canadian Solar'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 Canadian. 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 Canadian Solar's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Solar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Canadian Solar'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 Canadian Solar'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 Canadian Solar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Solar.

Canadian Solar Implied Volatility

73.25

Canadian Solar's implied volatility exposes the market's sentiment of Canadian Solar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canadian Solar'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 Canadian Solar stock will not fluctuate a lot when Canadian Solar'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 Canadian Solar 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, Canadian Solar's short interest history, or implied volatility extrapolated from Canadian Solar options trading.

Pair Trading with Canadian Solar

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

Moving together with Canadian Stock

0.86

INTC

Intel Financial Report 25th of July 2024

Pair Corr

Moving against Canadian Stock

0.78	MU	Micron Technology Financial Report 26th of June 2024	Pair Corr
0.75	CLRO	ClearOne	Pair Corr
0.61	NVDA	NVIDIA Financial Report 22nd of May 2024	Pair Corr
0.56	TSM	Taiwan Semiconductor Financial Report 18th of July 2024	Pair Corr

The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar 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 Canadian Solar - 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 Canadian Solar to buy it.

The correlation of Canadian Solar 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 Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar 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 Canadian Solar 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 Correlation Correlation Matching

When determining whether Canadian Solar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Solar Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Solar Stock:

How To Invest In Canadian

Details

Is Canadian Stock a good investment?

Details

What is Canadian Solar's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Canadian Solar's price analysis, check to measure Canadian Solar'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 Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.

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Is Canadian Solar'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 Canadian Solar. If investors know Canadian 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 Canadian Solar 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

(0.71)

Earnings Share

4.99

Revenue Per Share

116.461

Quarterly Revenue Growth

(0.14)

Return On Assets

0.0271

The market value of Canadian Solar is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Solar's value that differs from its market value or its book value, called intrinsic value, which is Canadian Solar'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 Canadian Solar's market value can be influenced by many factors that don't directly affect Canadian Solar'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 Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar'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.

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Canadian Total Stockholder Equity vs Other Stockholder Equity Analysis

Total Stockholder Equity vs Other Stockholder Equity

Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Other Stockholder Equity

Canadian Solar fundamental ratios Correlations

Canadian Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Solar fundamental ratios Accounts

Canadian Solar Investors Sentiment

Canadian Solar Implied Volatility

Pair Trading with Canadian Solar

Moving together with Canadian Stock

Moving against Canadian Stock

Complementary Tools for Canadian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 1.0	Property Plant And Equipment Gross
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.99	Total Liab

Short Term Investments	- 0.62	Retained Earnings
Short Term Investments	- 0.56	Other Assets
Short Term Investments	- 0.53	Other Liab
Short Term Investments	- 0.52	Other Current Liab
Short Term Investments	- 0.52	Total Current Assets
Short Term Investments	- 0.51	Total Stockholder Equity