Canada Good Will from 2010 to 2024
| GOOS Stock | USD 14.24 0.48 3.26% |
Good Will | First Reported 2015-03-31 | Previous Quarter 76.5 M | Current Value 70.8 M | Quarterly Volatility 12.8 M |
Check Canada Goose financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canada Goose's main balance sheet or income statement drivers, such as Discontinued Operations of 0.0, Interest Expense of 21 M or Selling General Administrative of 832.5 M, as well as many indicators such as Price To Sales Ratio of 1.2, Dividend Yield of 0.0 or PTB Ratio of 3.84. Canada financial statements analysis is a perfect complement when working with Canada Goose Valuation or Volatility modules.
Canada | Good Will |
Latest Canada Goose's Good Will Growth Pattern
Below is the plot of the Good Will of Canada Goose Holdings over the last few years. It is 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. Canada Goose's Good Will historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canada Goose's overall financial position and show how it may be relating to other accounts over time.
| Good Will | 10 Years Trend |
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Good Will |
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Canada Good Will Regression Statistics
| Arithmetic Mean | 50,853,221 | |
| Geometric Mean | 50,294,486 | |
| Coefficient Of Variation | 16.12 | |
| Mean Deviation | 6,542,103 | |
| Median | 45,269,000 | |
| Standard Deviation | 8,195,025 | |
| Sample Variance | 67.2T | |
| Range | 26.3M | |
| R-Value | 0.84 | |
| Mean Square Error | 20.8T | |
| R-Squared | 0.71 | |
| Significance | 0.000076 | |
| Slope | 1,546,787 | |
| Total Sum of Squares | 940.2T |
Canada Good Will History
About Canada Goose Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Canada Goose income statement, its balance sheet, and the statement of cash flows. Canada Goose investors use historical funamental indicators, such as Canada Goose's Good Will, to determine how well the company is positioned to perform in the future. Although Canada Goose investors may use each financial statement separately, they are all related. The changes in Canada Goose's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canada Goose's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canada Goose Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canada Goose. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Good Will | 70.8 M | 57.9 M |
Pair Trading with Canada Goose
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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.Moving against Canada Stock
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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 Canada Stock Analysis
When running Canada Goose's price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.