Gowest Total Current Assets vs Non Current Liabilities Total Analysis
GWA Stock | CAD 0.07 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 Total Current Assets and its Non Current Liabilities Total 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.
Total Current Assets vs Non Current Liabilities Total
Total Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gowest Gold Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Gowest Gold's Total Current Assets and Non Current Liabilities Total is 0.03. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total 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 Total Current Assets and Non Current Liabilities Total 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 Current Assets of Gowest Gold are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Gowest Gold's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Non Current Liabilities Total
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 Depreciation | 179.5K | 139.3K | Interest Income | 94.1K | 98.8K |
Gowest Gold fundamental ratios Correlations
Click cells to compare fundamentals
Gowest Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gowest Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 62.4M | 65.6M | 71.6M | 109.7M | 126.1M | 132.4M | |
Total Current Liabilities | 21.6M | 14.8M | 15.4M | 10.9M | 12.5M | 13.1M | |
Total Stockholder Equity | 29.3M | 44.0M | 51.3M | 92.8M | 106.7M | 112.0M | |
Property Plant And Equipment Net | 60.3M | 64.0M | 66.8M | 2.4M | 2.8M | 2.7M | |
Net Debt | 19.3M | 7.0M | 3.7M | 2.2M | 2.5M | 1.7M | |
Retained Earnings | (24.2M) | (28.6M) | (31.5M) | (33.9M) | (30.5M) | (29.0M) | |
Accounts Payable | 12.1M | 13.1M | 11.5M | 2.3M | 2.6M | 3.2M | |
Cash | 459.5K | 278.5K | 3.5M | 4.2M | 4.9M | 5.1M | |
Non Current Assets Total | 61.6M | 65.3M | 68.1M | 93.3M | 107.3M | 112.7M | |
Cash And Short Term Investments | 459.5K | 278.5K | 3.5M | 4.2M | 4.9M | 5.1M | |
Net Receivables | 379.4K | 54.9K | 85.8K | 1.6M | 1.8M | 1.9M | |
Common Stock Shares Outstanding | 75.0M | 84.8M | 198.7M | 436.4M | 501.9M | 527.0M | |
Liabilities And Stockholders Equity | 62.4M | 65.6M | 71.6M | 109.7M | 126.1M | 132.4M | |
Total Liab | 33.1M | 21.6M | 20.3M | 16.9M | 19.4M | 20.4M | |
Total Current Assets | 869.0K | 359.8K | 3.6M | 16.3M | 18.8M | 19.7M | |
Common Stock | 52.2M | 71.4M | 80.1M | 120.4M | 138.4M | 145.3M | |
Other Stockholder Equity | 1.7M | 1.4M | 1.2M | 2.6M | 3.0M | 2.9M | |
Accumulated Other Comprehensive Income | 1.4M | 1.2M | 2.7M | 6.3M | 7.2M | 7.6M | |
Non Current Liabilities Total | 11.5M | 6.8M | 4.9M | 6.0M | 6.9M | 5.7M | |
Other Current Liab | (9.9M) | (5.4M) | 451.1K | 9.2M | 10.6M | 11.1M | |
Other Liab | 2.0M | 1.3M | 1.3M | 1.3M | 1.1M | 1.4M | |
Net Tangible Assets | 32.6M | 29.3M | 44.0M | 51.3M | 59.0M | 31.4M | |
Property Plant Equipment | 55.9M | 60.3M | 64.0M | 66.8M | 76.8M | 45.4M | |
Short Long Term Debt Total | 19.7M | 7.3M | 7.1M | 6.4M | 5.8M | 8.4M | |
Long Term Debt | 9.9M | 5.4M | 3.6M | 4.7M | 4.2M | 5.9M | |
Net Invested Capital | 48.6M | 50.6M | 58.2M | 97.6M | 112.2M | 58.9M | |
Short Long Term Debt | 9.4M | 1.2M | 3.4M | 67.3K | 60.5K | 57.5K | |
Net Working Capital | (20.7M) | (14.5M) | (11.8M) | 5.5M | 6.3M | 6.6M | |
Short Term Debt | 9.6M | 1.8M | 3.4M | 1.7M | 1.5M | 1.4M | |
Current Deferred Revenue | 13.2M | 9.9M | 5.4M | (2.3M) | (2.1M) | (2.0M) | |
Capital Stock | 52.2M | 71.4M | 80.1M | 120.4M | 138.4M | 75.5M | |
Other Current Assets | 30.0K | 26.4K | 27.5K | 242.5K | 278.9K | 292.9K |
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.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.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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Gowest Stock analysis
When running Gowest Gold's price analysis, check to measure Gowest Gold'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 Gowest Gold is operating at the current time. Most of Gowest Gold's value examination focuses on studying past and present price action to predict the probability of Gowest Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gowest Gold's price. Additionally, you may evaluate how the addition of Gowest Gold to your portfolios can decrease your overall portfolio volatility.
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