Gowest Cash vs Short Term Investments Analysis

GWA Stock  CAD 0.06  0.01  8.33%   
Gowest Gold financial indicator trend analysis is much more than just examining Gowest Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gowest Gold is a good investment. Please check the relationship between Gowest Gold Cash and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gowest Gold. 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.

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gowest Gold Cash account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Gowest Gold's Cash and Short Term Investments is 0.05. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Gowest Gold, assuming nothing else is changed. The correlation between historical values of Gowest Gold's Cash and Short Term Investments 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 of Gowest Gold are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Gowest Gold's Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Gowest Gold, which is listed under current asset account on Gowest Gold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gowest Gold customers. The amounts must be unrestricted with restricted cash listed in a different Gowest Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Term Investments

Short Term Investments is an item under the current assets section of Gowest Gold balance sheet. It contains any investments Gowest Gold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Gowest Gold can easily liquidate in the marketplace.
Most indicators from Gowest Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gowest Gold 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 Gowest Gold. 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, Gowest Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 37.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2 M in 2024.
 2023 2024 (projected)
Reconciled Depreciation179.5K139.3K
Interest Income94.1K98.8K

Gowest Gold fundamental ratios Correlations

0.70.97-0.050.26-0.90.30.70.990.870.70.840.930.260.660.850.99-0.550.440.09-0.240.82-0.7-0.680.81-0.14
0.70.520.580.79-0.820.840.170.760.30.170.350.440.260.960.280.61-0.670.74-0.510.020.69-0.54-0.760.880.08
0.970.52-0.260.03-0.830.080.810.940.940.80.890.980.210.460.940.99-0.450.240.3-0.340.77-0.66-0.550.69-0.23
-0.050.58-0.260.72-0.250.91-0.470.05-0.54-0.47-0.46-0.380.320.62-0.54-0.15-0.230.61-0.790.230.21-0.14-0.490.420.23
0.260.790.030.72-0.390.82-0.360.35-0.13-0.37-0.05-0.060.220.88-0.190.12-0.530.89-0.840.320.26-0.26-0.550.60.21
-0.9-0.82-0.83-0.25-0.39-0.54-0.53-0.93-0.63-0.52-0.58-0.78-0.32-0.74-0.62-0.890.66-0.470.140.34-0.910.70.74-0.920.26
0.30.840.080.910.82-0.54-0.230.39-0.2-0.23-0.12-0.040.250.85-0.220.19-0.480.76-0.760.190.46-0.28-0.660.690.22
0.70.170.81-0.47-0.36-0.53-0.230.640.811.00.820.840.050.080.890.76-0.07-0.130.62-0.420.56-0.6-0.320.35-0.17
0.990.760.940.050.35-0.930.390.640.810.640.780.890.290.720.790.97-0.590.510.0-0.220.84-0.71-0.720.86-0.12
0.870.30.94-0.54-0.13-0.63-0.20.810.810.810.930.970.060.250.990.9-0.360.070.46-0.320.58-0.51-0.320.47-0.24
0.70.170.8-0.47-0.37-0.52-0.231.00.640.810.820.840.040.070.890.76-0.07-0.130.62-0.420.55-0.59-0.310.34-0.17
0.840.350.89-0.46-0.05-0.58-0.120.820.780.930.820.890.110.320.950.84-0.160.180.47-0.260.55-0.45-0.40.47-0.01
0.930.440.98-0.38-0.06-0.78-0.040.840.890.970.840.890.120.360.970.97-0.450.130.37-0.380.72-0.61-0.440.61-0.28
0.260.260.210.320.22-0.320.250.050.290.060.040.110.120.30.060.230.160.330.04-0.060.39-0.38-0.470.370.09
0.660.960.460.620.88-0.740.850.080.720.250.070.320.360.30.210.54-0.620.89-0.610.160.62-0.52-0.780.860.18
0.850.280.94-0.54-0.19-0.62-0.220.890.790.990.890.950.970.060.210.89-0.270.030.52-0.350.59-0.54-0.330.45-0.21
0.990.610.99-0.150.12-0.890.190.760.970.90.760.840.970.230.540.89-0.520.30.2-0.360.82-0.68-0.60.75-0.25
-0.55-0.67-0.45-0.23-0.530.66-0.48-0.07-0.59-0.36-0.07-0.16-0.450.16-0.62-0.27-0.52-0.450.54-0.03-0.540.330.29-0.670.32
0.440.740.240.610.89-0.470.76-0.130.510.07-0.130.180.130.330.890.030.3-0.45-0.690.370.41-0.39-0.690.690.33
0.09-0.510.3-0.79-0.840.14-0.760.620.00.460.620.470.370.04-0.610.520.20.54-0.69-0.37-0.060.060.3-0.36-0.1
-0.240.02-0.340.230.320.340.19-0.42-0.22-0.32-0.42-0.26-0.38-0.060.16-0.35-0.36-0.030.37-0.37-0.320.350.1-0.120.8
0.820.690.770.210.26-0.910.460.560.840.580.550.550.720.390.620.590.82-0.540.41-0.06-0.32-0.65-0.750.93-0.16
-0.7-0.54-0.66-0.14-0.260.7-0.28-0.6-0.71-0.51-0.59-0.45-0.61-0.38-0.52-0.54-0.680.33-0.390.060.35-0.650.75-0.630.28
-0.68-0.76-0.55-0.49-0.550.74-0.66-0.32-0.72-0.32-0.31-0.4-0.44-0.47-0.78-0.33-0.60.29-0.690.30.1-0.750.75-0.83-0.16
0.810.880.690.420.6-0.920.690.350.860.470.340.470.610.370.860.450.75-0.670.69-0.36-0.120.93-0.63-0.83-0.04
-0.140.08-0.230.230.210.260.22-0.17-0.12-0.24-0.17-0.01-0.280.090.18-0.21-0.250.320.33-0.10.8-0.160.28-0.16-0.04
Click cells to compare fundamentals

Gowest Gold Account Relationship Matchups

Gowest Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets62.4M65.6M71.6M109.7M126.1M132.4M
Total Current Liabilities21.6M14.8M15.4M10.9M12.5M13.1M
Total Stockholder Equity29.3M44.0M51.3M92.8M106.7M112.0M
Property Plant And Equipment Net60.3M64.0M66.8M2.4M2.8M2.7M
Net Debt19.3M7.0M3.7M2.2M2.5M1.7M
Retained Earnings(24.2M)(28.6M)(31.5M)(33.9M)(30.5M)(29.0M)
Accounts Payable12.1M13.1M11.5M2.3M2.6M3.2M
Cash459.5K278.5K3.5M4.2M4.9M5.1M
Non Current Assets Total61.6M65.3M68.1M93.3M107.3M112.7M
Cash And Short Term Investments459.5K278.5K3.5M4.2M4.9M5.1M
Net Receivables379.4K54.9K85.8K1.6M1.8M1.9M
Common Stock Shares Outstanding75.0M84.8M198.7M436.4M501.9M527.0M
Liabilities And Stockholders Equity62.4M65.6M71.6M109.7M126.1M132.4M
Total Liab33.1M21.6M20.3M16.9M19.4M20.4M
Total Current Assets869.0K359.8K3.6M16.3M18.8M19.7M
Common Stock52.2M71.4M80.1M120.4M138.4M145.3M
Other Stockholder Equity1.7M1.4M1.2M2.6M3.0M2.9M
Accumulated Other Comprehensive Income1.4M1.2M2.7M6.3M7.2M7.6M
Non Current Liabilities Total11.5M6.8M4.9M6.0M6.9M5.7M
Other Current Liab(9.9M)(5.4M)451.1K9.2M10.6M11.1M
Other Liab2.0M1.3M1.3M1.3M1.1M1.4M
Net Tangible Assets32.6M29.3M44.0M51.3M59.0M31.4M
Property Plant Equipment55.9M60.3M64.0M66.8M76.8M45.4M
Short Long Term Debt Total19.7M7.3M7.1M6.4M5.8M8.4M
Long Term Debt9.9M5.4M3.6M4.7M4.2M5.9M
Net Invested Capital48.6M50.6M58.2M97.6M112.2M58.9M
Short Long Term Debt9.4M1.2M3.4M67.3K60.5K57.5K
Net Working Capital(20.7M)(14.5M)(11.8M)5.5M6.3M6.6M
Short Term Debt9.6M1.8M3.4M1.7M1.5M1.4M
Current Deferred Revenue13.2M9.9M5.4M(2.3M)(2.1M)(2.0M)
Capital Stock52.2M71.4M80.1M120.4M138.4M75.5M
Other Current Assets30.0K26.4K27.5K242.5K278.9K292.9K

Pair Trading with Gowest Gold

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

Moving against Gowest Stock

  0.52GS GOLDMAN SACHS CDRPairCorr
The ability to find closely correlated positions to Gowest Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gowest Gold 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 Gowest Gold - 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 Gowest Gold to buy it.
The correlation of Gowest Gold 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 Gowest Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gowest Gold 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 Gowest Gold 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
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gowest Gold. 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.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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Please note, there is a significant difference between Gowest Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gowest Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gowest Gold'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.