Grande Cash And Short Term Investments vs Total Liab Analysis
GPG Stock | CAD 0.20 0.02 9.09% |
Grande Portage financial indicator trend analysis is much more than just examining Grande Portage Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grande Portage Resources is a good investment. Please check the relationship between Grande Portage Cash And Short Term Investments and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash And Short Term Investments vs Total Liab
Cash And Short Term Investments vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Cash And Short Term Investments account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Grande Portage's Cash And Short Term Investments and Total Liab is -0.08. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of Grande Portage Resources, assuming nothing else is changed. The correlation between historical values of Grande Portage's Cash And Short Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Grande Portage Resources are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash And Short Term Investments i.e., Grande Portage's Cash And Short Term Investments and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Grande Portage Resources balance sheet. This account contains Grande Portage investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Grande Portage Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Grande Portage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grande Portage Resources 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Grande Portage's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 26 M in 2024, whereas Selling General Administrative is likely to drop slightly above 707.3 K in 2024.
Grande Portage fundamental ratios Correlations
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Grande Portage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grande Portage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Current Liabilities | 450.3K | 433.8K | 276.1K | 962.4K | 1.1M | 1.2M | |
Total Stockholder Equity | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 23.9M | |
Property Plant And Equipment Net | 10.8M | 14.3M | 17.1M | 20.3M | 23.4M | 24.5M | |
Net Debt | (1.5M) | (3.4M) | (318.0K) | (213.1K) | (191.8K) | (201.3K) | |
Retained Earnings | (19.7M) | (20.9M) | (22.2M) | (23.3M) | (20.9M) | (19.9M) | |
Accounts Payable | 230.6K | 450.3K | 433.8K | 276.1K | 317.6K | 246.7K | |
Cash | 1.5M | 3.4M | 318.0K | 344.2K | 395.8K | 376.0K | |
Non Current Assets Total | 10.9M | 14.4M | 17.2M | 20.5M | 23.5M | 24.7M | |
Cash And Short Term Investments | 1.5M | 3.4M | 2.3M | 344.2K | 395.8K | 376.0K | |
Net Receivables | 15.1K | 9.8K | 6.3K | 5.9K | 5.3K | 5.1K | |
Common Stock Shares Outstanding | 67.4M | 87.6M | 106.9M | 110.8M | 127.4M | 133.8M | |
Liabilities And Stockholders Equity | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Liab | 450.3K | 433.8K | 276.1K | 1.1M | 1.3M | 1.3M | |
Total Current Assets | 1.6M | 3.5M | 2.4M | 403.9K | 464.5K | 441.3K | |
Accumulated Other Comprehensive Income | 2.9M | 3.3M | 3.8M | 4.2M | 4.9M | 3.1M | |
Other Current Assets | 61.4K | 83.4K | 52.7K | 53.9K | 48.5K | 46.1K | |
Short Term Investments | 4.2K | 2.2K | 1.2K | 949.0 | 2.0M | 0.0 | |
Common Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 27.0M | |
Net Tangible Assets | 7.9M | 12.0M | 17.4M | 19.3M | 22.2M | 23.3M | |
Property Plant Equipment | 7.8M | 10.8M | 14.3M | 17.1M | 19.7M | 20.7M | |
Net Invested Capital | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 14.2M | |
Net Working Capital | 1.1M | 3.1M | 2.1M | (558.5K) | (642.2K) | (610.1K) | |
Capital Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 34.4M |
Pair Trading with Grande Portage
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 Grande Portage 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 Grande Portage will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Grande Portage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grande Portage 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 Grande Portage - 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 Grande Portage Resources to buy it.
The correlation of Grande Portage 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 Grande Portage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grande Portage Resources 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 Grande Portage 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.Additional Tools for Grande Stock Analysis
When running Grande Portage's price analysis, check to measure Grande Portage'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 Grande Portage is operating at the current time. Most of Grande Portage's value examination focuses on studying past and present price action to predict the probability of Grande Portage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grande Portage's price. Additionally, you may evaluate how the addition of Grande Portage to your portfolios can decrease your overall portfolio volatility.