WSFS Good Will vs Total Assets Analysis

WSFS Stock

USD 45.28 0.29 0.64%

WSFS Financial financial indicator trend analysis is more than just analyzing WSFS Financial current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WSFS Financial is a good investment. Please check the relationship between WSFS Financial Good Will and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WSFS Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For more information on how to buy WSFS Stock please use our How to Invest in WSFS Financial guide.

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WSFS Financial Good Will account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between WSFS Financial's Good Will and Total Assets is 0.94. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of WSFS Financial, assuming nothing else is changed. The correlation between historical values of WSFS Financial's Good Will and Total 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 Good Will of WSFS Financial are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Good Will i.e., WSFS Financial's Good Will and Total Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Assets

Total assets refers to the total amount of WSFS Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in WSFS Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from WSFS Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WSFS Financial 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WSFS Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For more information on how to buy WSFS Stock please use our How to Invest in WSFS Financial guide.At this time, WSFS Financial's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 3.8 M in 2024, whereas Tax Provision is likely to drop slightly above 60.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	619.1M	923.0M	1.3B	1.3B
Total Revenue	619.1M	923.0M	1.3B	1.3B

Gross Profit Total Revenue

WSFS Financial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Long Term Debt	Short Term Investments
Common Stock Shares Outstanding		0.82	-0.03	0.28	0.28	0.83	0.66	-0.54	0.78	0.33	0.66	0.35	-0.59	0.59	0.46	0.73	0.2	0.67	0.82	0.77	-0.13	0.66	0.52	0.75	0.52	0.77
Total Assets	0.82		-0.09	0.66	0.66	0.99	0.81	-0.57	0.98	0.69	0.74	0.74	-0.46	0.81	0.21	0.97	0.58	0.91	1.0	0.97	-0.26	0.75	0.4	0.98	0.82	0.93
Short Long Term Debt Total	-0.03	-0.09		0.13	0.13	-0.16	-0.18	0.66	0.02	0.13	-0.16	0.04	0.53	0.32	-0.37	-0.06	0.27	-0.21	-0.08	-0.14	0.2	0.19	0.04	-0.16	0.09	-0.26
Other Current Liab	0.28	0.66	0.13		1.0	0.64	0.62	-0.1	0.72	1.0	0.33	0.98	0.26	0.81	-0.55	0.78	0.98	0.79	0.67	0.65	-0.41	0.44	-0.1	0.71	0.84	0.51
Total Current Liabilities	0.28	0.66	0.13	1.0		0.64	0.62	-0.1	0.72	1.0	0.33	0.98	0.26	0.81	-0.55	0.78	0.98	0.79	0.67	0.65	-0.41	0.44	-0.1	0.71	0.84	0.51
Total Stockholder Equity	0.83	0.99	-0.16	0.64	0.64		0.87	-0.6	0.97	0.67	0.74	0.72	-0.45	0.77	0.22	0.95	0.56	0.94	0.99	0.95	-0.25	0.77	0.33	0.95	0.77	0.92
Property Plant And Equipment Net	0.66	0.81	-0.18	0.62	0.62	0.87		-0.63	0.8	0.62	0.75	0.71	-0.24	0.55	0.1	0.75	0.58	0.92	0.8	0.73	-0.03	0.72	-0.13	0.76	0.53	0.73
Net Debt	-0.54	-0.57	0.66	-0.1	-0.1	-0.6	-0.63		-0.49	-0.1	-0.84	-0.28	0.73	-0.03	-0.63	-0.43	0.0	-0.55	-0.56	-0.53	-0.16	-0.38	-0.02	-0.6	-0.19	-0.7
Retained Earnings	0.78	0.98	0.02	0.72	0.72	0.97	0.8	-0.49		0.74	0.72	0.79	-0.34	0.85	0.13	0.95	0.66	0.89	0.98	0.95	-0.17	0.78	0.33	0.95	0.81	0.91
Accounts Payable	0.33	0.69	0.13	1.0	1.0	0.67	0.62	-0.1	0.74		0.32	0.97	0.23	0.83	-0.53	0.81	0.97	0.8	0.69	0.68	-0.46	0.45	-0.04	0.73	0.87	0.53
Cash	0.66	0.74	-0.16	0.33	0.33	0.74	0.75	-0.84	0.72	0.32		0.5	-0.55	0.35	0.48	0.6	0.3	0.65	0.74	0.67	0.3	0.67	0.04	0.75	0.4	0.78
Non Current Assets Total	0.35	0.74	0.04	0.98	0.98	0.72	0.71	-0.28	0.79	0.97	0.5		0.12	0.77	-0.39	0.81	0.95	0.84	0.74	0.73	-0.29	0.51	-0.12	0.79	0.83	0.63
Non Currrent Assets Other	-0.59	-0.46	0.53	0.26	0.26	-0.45	-0.24	0.73	-0.34	0.23	-0.55	0.12		0.05	-0.88	-0.31	0.38	-0.25	-0.46	-0.51	-0.02	-0.23	-0.56	-0.45	-0.11	-0.63
Other Assets	0.59	0.81	0.32	0.81	0.81	0.77	0.55	-0.03	0.85	0.83	0.35	0.77	0.05		-0.28	0.89	0.78	0.74	0.82	0.77	-0.44	0.63	0.41	0.79	0.9	0.6
Cash And Short Term Investments	0.46	0.21	-0.37	-0.55	-0.55	0.22	0.1	-0.63	0.13	-0.53	0.48	-0.39	-0.88	-0.28		0.0	-0.62	-0.03	0.21	0.22	0.41	0.21	0.41	0.16	-0.26	0.43
Net Receivables	0.73	0.97	-0.06	0.78	0.78	0.95	0.75	-0.43	0.95	0.81	0.6	0.81	-0.31	0.89	0.0		0.7	0.92	0.97	0.95	-0.44	0.69	0.4	0.97	0.92	0.85
Non Current Liabilities Total	0.2	0.58	0.27	0.98	0.98	0.56	0.58	0.0	0.66	0.97	0.3	0.95	0.38	0.78	-0.62	0.7		0.72	0.59	0.56	-0.32	0.44	-0.19	0.62	0.78	0.41
Other Stockholder Equity	0.67	0.91	-0.21	0.79	0.79	0.94	0.92	-0.55	0.89	0.8	0.65	0.84	-0.25	0.74	-0.03	0.92	0.72		0.91	0.88	-0.35	0.68	0.08	0.9	0.78	0.81
Total Liab	0.82	1.0	-0.08	0.67	0.67	0.99	0.8	-0.56	0.98	0.69	0.74	0.74	-0.46	0.82	0.21	0.97	0.59	0.91		0.97	-0.26	0.75	0.41	0.98	0.83	0.93
Property Plant And Equipment Gross	0.77	0.97	-0.14	0.65	0.65	0.95	0.73	-0.53	0.95	0.68	0.67	0.73	-0.51	0.77	0.22	0.95	0.56	0.88	0.97		-0.3	0.66	0.45	0.96	0.82	0.96
Total Current Assets	-0.13	-0.26	0.2	-0.41	-0.41	-0.25	-0.03	-0.16	-0.17	-0.46	0.3	-0.29	-0.02	-0.44	0.41	-0.44	-0.32	-0.35	-0.26	-0.3		0.17	-0.41	-0.31	-0.56	-0.09
Common Stock Total Equity	0.66	0.75	0.19	0.44	0.44	0.77	0.72	-0.38	0.78	0.45	0.67	0.51	-0.23	0.63	0.21	0.69	0.44	0.68	0.75	0.66	0.17		0.16	0.68	0.51	0.66
Common Stock	0.52	0.4	0.04	-0.1	-0.1	0.33	-0.13	-0.02	0.33	-0.04	0.04	-0.12	-0.56	0.41	0.41	0.4	-0.19	0.08	0.41	0.45	-0.41	0.16		0.37	0.38	0.37
Other Liab	0.75	0.98	-0.16	0.71	0.71	0.95	0.76	-0.6	0.95	0.73	0.75	0.79	-0.45	0.79	0.16	0.97	0.62	0.9	0.98	0.96	-0.31	0.68	0.37		0.86	0.92
Long Term Debt	0.52	0.82	0.09	0.84	0.84	0.77	0.53	-0.19	0.81	0.87	0.4	0.83	-0.11	0.9	-0.26	0.92	0.78	0.78	0.83	0.82	-0.56	0.51	0.38	0.86		0.65
Short Term Investments	0.77	0.93	-0.26	0.51	0.51	0.92	0.73	-0.7	0.91	0.53	0.78	0.63	-0.63	0.6	0.43	0.85	0.41	0.81	0.93	0.96	-0.09	0.66	0.37	0.92	0.65

Click cells to compare fundamentals

WSFS Financial Account Relationship Matchups

WSFS Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	49.6M	50.5M	47.7M	63.7M	61.2M	32.5M
Total Assets	12.3B	14.3B	15.8B	19.9B	20.6B	21.6B
Short Long Term Debt Total	489.3M	340.6M	239.5M	726.9M	895.1M	674.1M
Other Current Liab	(3.1M)	(1.5M)	(736K)	(5.2M)	13.0B	13.6B
Total Current Liabilities	3.1M	1.5M	736K	5.2M	13.0B	13.7B
Total Stockholder Equity	1.9B	1.8B	1.9B	2.2B	2.5B	2.6B
Property Plant And Equipment Net	104.5M	96.6M	87.3M	44.8M	104.5M	109.7M
Net Debt	(82.3M)	(1.3B)	(1.3B)	(105.1M)	(197.8M)	(187.9M)
Retained Earnings	917.4M	977.4M	1.2B	1.4B	1.6B	1.7B
Accounts Payable	3.1M	1.5M	736K	5.2M	46.7M	44.3M
Cash	571.5M	1.6B	1.5B	832.0M	1.1B	1.1B
Non Current Assets Total	898.2M	3.3B	6.0B	1.0B	19.5B	20.5B
Non Currrent Assets Other	(898.2M)	(3.3B)	(6.0B)	(5.3B)	945.2M	992.5M
Other Assets	8.8B	6.8B	3.1B	18.3B	21.0B	22.1B
Cash And Short Term Investments	2.5B	4.2B	6.7B	4.9B	(1.1B)	(1.0B)
Net Receivables	38.1M	44.3M	41.6M	74.4M	86.0M	90.3M
Liabilities And Stockholders Equity	12.3B	14.3B	15.8B	19.9B	20.6B	21.6B
Non Current Liabilities Total	489.3M	340.6M	239.5M	5.2M	5.1B	5.4B
Other Stockholder Equity	908.9M	757.7M	751.7M	561.7M	1.4B	1.5B
Total Liab	10.4B	12.5B	13.8B	17.7B	18.1B	19.0B
Property Plant And Equipment Gross	104.5M	96.6M	190.0M	216.5M	211.2M	221.7M
Total Current Assets	2.6B	4.2B	6.8B	580.1M	1.1B	1.9B
Accumulated Other Comprehensive Income	23.5M	56.0M	(37.8M)	(675.8M)	(594.0M)	(564.3M)
Common Stock Total Equity	569K	575K	576K	577K	663.6K	696.7K
Common Stock	575K	576K	577K	908.0M	761K	723.0K
Other Liab	141.8M	347.1M	360.8M	445.3M	512.1M	537.7M
Long Term Debt	181.6M	334.0M	239.5M	726.9M	895.1M	939.8M
Short Term Investments	1.9B	2.5B	5.2B	4.1B	3.8B	4.0B
Inventory	(612.5M)	(1.7B)	(1.6B)	833K	1.0B	1.1B
Treasury Stock	(305.1M)	(140.2M)	(295.3M)	(307.3M)	(276.6M)	(290.4M)
Short Term Debt	247.1M	17.0M	12.7M	14.7M	15.3M	14.5M
Property Plant Equipment	104.5M	96.6M	87.3M	253.8M	291.9M	306.4M
Other Current Assets	612.5M	1.7B	1.6B	(4.4B)	1.1B	1.6B
Intangible Assets	95.9M	84.6M	74.4M	73.1M	1.0B	1.1B
Retained Earnings Total Equity	791.0M	917.4M	977.4M	1.2B	1.4B	720.8M

Pair Trading with WSFS Financial

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 WSFS Financial 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 WSFS Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with WSFS Stock

0.83	AX	Axos Financial Fiscal Year End 25th of July 2024	Pair Corr
0.82	BY	Byline Bancorp Financial Report 25th of July 2024	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.64	PB	Prosperity Bancshares Financial Report 24th of July 2024	Pair Corr

Moving against WSFS Stock

0.64	ECBK	ECB Bancorp	Pair Corr
0.58	VBNK	VersaBank Financial Report 5th of June 2024	Pair Corr

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

The correlation of WSFS Financial 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 WSFS Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WSFS Financial 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 WSFS Financial 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 WSFS Financial is a strong investment it is important to analyze WSFS Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WSFS Financial's future performance. For an informed investment choice regarding WSFS Stock, refer to the following important reports:

How To Invest In WSFS

Details

Is WSFS Stock a good investment?

Details

What is WSFS Financial's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WSFS Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For more information on how to buy WSFS Stock please use our How to Invest in WSFS Financial guide.

Note that the WSFS Financial information on this page should be used as a complementary analysis to other WSFS Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for WSFS Stock analysis

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

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Is WSFS Financial'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 WSFS Financial. If investors know WSFS 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 WSFS Financial 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

0.079

Dividend Share

0.6

Earnings Share

4.48

Revenue Per Share

15.559

Quarterly Revenue Growth

0.089

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

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

Correlation Coefficient

Good Will

Total Assets

WSFS Financial fundamental ratios Correlations

WSFS Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WSFS Financial fundamental ratios Accounts

Pair Trading with WSFS Financial

Moving together with WSFS Stock

Moving against WSFS Stock

Complementary Tools for WSFS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity

Cash And Short Term Investments	- 0.88	Non Currrent Assets Other
Cash	- 0.84	Net Debt
Short Term Investments	- 0.7	Net Debt
Short Term Investments	- 0.63	Non Currrent Assets Other
Cash And Short Term Investments	- 0.63	Net Debt
Net Debt	- 0.63	Property Plant And Equipment Net