Gowest Total Stockholder Equity vs Other Assets 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 Total Stockholder Equity and its Other Assets 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 Stockholder Equity vs Other Assets

Total Stockholder Equity vs Other Assets Correlation Analysis

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

The correlation between Gowest Gold's Total Stockholder Equity and Other Assets is -0.23. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Assets 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 Stockholder Equity and Other Assets 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 Gowest Gold are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Stockholder Equity i.e., Gowest Gold's Total Stockholder Equity and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

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 Assets

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

Reconciled Depreciation Interest Income

Gowest Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Total Liab	Total Current Assets	Common Stock	Other Stockholder Equity	Non Current Liabilities Total	Other Current Liab	Other Liab	Net Tangible Assets	Long Term Investments	Intangible Assets	Property Plant Equipment	Other Assets
Total Assets		0.7	0.97	-0.05	0.26	-0.9	0.3	0.7	0.99	0.87	0.7	0.84	0.93	0.26	0.66	0.85	0.99	-0.55	0.44	0.09	-0.24	0.82	-0.7	-0.68	0.81	-0.14
Total Current Liabilities	0.7		0.52	0.58	0.79	-0.82	0.84	0.17	0.76	0.3	0.17	0.35	0.44	0.26	0.96	0.28	0.61	-0.67	0.74	-0.51	0.02	0.69	-0.54	-0.76	0.88	0.08
Total Stockholder Equity	0.97	0.52		-0.26	0.03	-0.83	0.08	0.81	0.94	0.94	0.8	0.89	0.98	0.21	0.46	0.94	0.99	-0.45	0.24	0.3	-0.34	0.77	-0.66	-0.55	0.69	-0.23
Property Plant And Equipment Net	-0.05	0.58	-0.26		0.72	-0.25	0.91	-0.47	0.05	-0.54	-0.47	-0.46	-0.38	0.32	0.62	-0.54	-0.15	-0.23	0.61	-0.79	0.23	0.21	-0.14	-0.49	0.42	0.23
Net Debt	0.26	0.79	0.03	0.72		-0.39	0.82	-0.36	0.35	-0.13	-0.37	-0.05	-0.06	0.22	0.88	-0.19	0.12	-0.53	0.89	-0.84	0.32	0.26	-0.26	-0.55	0.6	0.21
Retained Earnings	-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	-0.89	0.66	-0.47	0.14	0.34	-0.91	0.7	0.74	-0.92	0.26
Accounts Payable	0.3	0.84	0.08	0.91	0.82	-0.54		-0.23	0.39	-0.2	-0.23	-0.12	-0.04	0.25	0.85	-0.22	0.19	-0.48	0.76	-0.76	0.19	0.46	-0.28	-0.66	0.69	0.22
Cash	0.7	0.17	0.81	-0.47	-0.36	-0.53	-0.23		0.64	0.81	1.0	0.82	0.84	0.05	0.08	0.89	0.76	-0.07	-0.13	0.62	-0.42	0.56	-0.6	-0.32	0.35	-0.17
Non Current Assets Total	0.99	0.76	0.94	0.05	0.35	-0.93	0.39	0.64		0.81	0.64	0.78	0.89	0.29	0.72	0.79	0.97	-0.59	0.51	0.0	-0.22	0.84	-0.71	-0.72	0.86	-0.12
Non Currrent Assets Other	0.87	0.3	0.94	-0.54	-0.13	-0.63	-0.2	0.81	0.81		0.81	0.93	0.97	0.06	0.25	0.99	0.9	-0.36	0.07	0.46	-0.32	0.58	-0.51	-0.32	0.47	-0.24
Cash And Short Term Investments	0.7	0.17	0.8	-0.47	-0.37	-0.52	-0.23	1.0	0.64	0.81		0.82	0.84	0.04	0.07	0.89	0.76	-0.07	-0.13	0.62	-0.42	0.55	-0.59	-0.31	0.34	-0.17
Net Receivables	0.84	0.35	0.89	-0.46	-0.05	-0.58	-0.12	0.82	0.78	0.93	0.82		0.89	0.11	0.32	0.95	0.84	-0.16	0.18	0.47	-0.26	0.55	-0.45	-0.4	0.47	-0.01
Common Stock Shares Outstanding	0.93	0.44	0.98	-0.38	-0.06	-0.78	-0.04	0.84	0.89	0.97	0.84	0.89		0.12	0.36	0.97	0.97	-0.45	0.13	0.37	-0.38	0.72	-0.61	-0.44	0.61	-0.28
Short Term Investments	0.26	0.26	0.21	0.32	0.22	-0.32	0.25	0.05	0.29	0.06	0.04	0.11	0.12		0.3	0.06	0.23	0.16	0.33	0.04	-0.06	0.39	-0.38	-0.47	0.37	0.09
Total Liab	0.66	0.96	0.46	0.62	0.88	-0.74	0.85	0.08	0.72	0.25	0.07	0.32	0.36	0.3		0.21	0.54	-0.62	0.89	-0.61	0.16	0.62	-0.52	-0.78	0.86	0.18
Total Current Assets	0.85	0.28	0.94	-0.54	-0.19	-0.62	-0.22	0.89	0.79	0.99	0.89	0.95	0.97	0.06	0.21		0.89	-0.27	0.03	0.52	-0.35	0.59	-0.54	-0.33	0.45	-0.21
Common Stock	0.99	0.61	0.99	-0.15	0.12	-0.89	0.19	0.76	0.97	0.9	0.76	0.84	0.97	0.23	0.54	0.89		-0.52	0.3	0.2	-0.36	0.82	-0.68	-0.6	0.75	-0.25
Other Stockholder Equity	-0.55	-0.67	-0.45	-0.23	-0.53	0.66	-0.48	-0.07	-0.59	-0.36	-0.07	-0.16	-0.45	0.16	-0.62	-0.27	-0.52		-0.45	0.54	-0.03	-0.54	0.33	0.29	-0.67	0.32
Non Current Liabilities Total	0.44	0.74	0.24	0.61	0.89	-0.47	0.76	-0.13	0.51	0.07	-0.13	0.18	0.13	0.33	0.89	0.03	0.3	-0.45		-0.69	0.37	0.41	-0.39	-0.69	0.69	0.33
Other Current Liab	0.09	-0.51	0.3	-0.79	-0.84	0.14	-0.76	0.62	0.0	0.46	0.62	0.47	0.37	0.04	-0.61	0.52	0.2	0.54	-0.69		-0.37	-0.06	0.06	0.3	-0.36	-0.1
Other Liab	-0.24	0.02	-0.34	0.23	0.32	0.34	0.19	-0.42	-0.22	-0.32	-0.42	-0.26	-0.38	-0.06	0.16	-0.35	-0.36	-0.03	0.37	-0.37		-0.32	0.35	0.1	-0.12	0.8
Net Tangible Assets	0.82	0.69	0.77	0.21	0.26	-0.91	0.46	0.56	0.84	0.58	0.55	0.55	0.72	0.39	0.62	0.59	0.82	-0.54	0.41	-0.06	-0.32		-0.65	-0.75	0.93	-0.16
Long Term Investments	-0.7	-0.54	-0.66	-0.14	-0.26	0.7	-0.28	-0.6	-0.71	-0.51	-0.59	-0.45	-0.61	-0.38	-0.52	-0.54	-0.68	0.33	-0.39	0.06	0.35	-0.65		0.75	-0.63	0.28
Intangible Assets	-0.68	-0.76	-0.55	-0.49	-0.55	0.74	-0.66	-0.32	-0.72	-0.32	-0.31	-0.4	-0.44	-0.47	-0.78	-0.33	-0.6	0.29	-0.69	0.3	0.1	-0.75	0.75		-0.83	-0.16
Property Plant Equipment	0.81	0.88	0.69	0.42	0.6	-0.92	0.69	0.35	0.86	0.47	0.34	0.47	0.61	0.37	0.86	0.45	0.75	-0.67	0.69	-0.36	-0.12	0.93	-0.63	-0.83		-0.04
Other Assets	-0.14	0.08	-0.23	0.23	0.21	0.26	0.22	-0.17	-0.12	-0.24	-0.17	-0.01	-0.28	0.09	0.18	-0.21	-0.25	0.32	0.33	-0.1	0.8	-0.16	0.28	-0.16	-0.04

Click cells to compare fundamentals

Gowest Gold Account Relationship Matchups

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.

Moving against Gowest Stock

0.52

GOLDMAN SACHS CDR

Pair Corr

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 Correlation Correlation 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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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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.

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Gowest Total Stockholder Equity vs Other Assets Analysis

Total Stockholder Equity vs Other Assets

Total Stockholder Equity vs Other Assets Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Other Assets

Gowest Gold fundamental ratios Correlations

Gowest Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gowest Gold fundamental ratios Accounts

Pair Trading with Gowest Gold

Moving against Gowest Stock

Complementary Tools for Gowest Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Non Currrent Assets Other
Common Stock Shares Outstanding	+ 0.98	Total Stockholder Equity

Non Current Assets Total	- 0.93	Retained Earnings
Property Plant Equipment	- 0.92	Retained Earnings
Net Tangible Assets	- 0.91	Retained Earnings
Retained Earnings	- 0.9	Total Assets
Common Stock	- 0.89	Retained Earnings
Other Current Liab	- 0.84	Net Debt