Canada Retained Earnings vs Other Assets Analysis

GOOS Stock

USD 14.24 0.48 3.26%

Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Retained Earnings and its Other Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Goose Holdings Retained Earnings account and Other Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Canada Goose's Retained Earnings and Other Assets is 0.77. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Retained Earnings 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 Retained Earnings of Canada Goose Holdings 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 Retained Earnings i.e., Canada Goose's Retained Earnings and Other Assets go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Assets

Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

At this time, Canada Goose's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 19.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.56 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	733.6M	815.2M	804.6M	486.5M
Total Revenue	1.1B	1.2B	1.3B	798.5M

Gross Profit Total Revenue

Canada Goose fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets
Total Assets		0.97	0.45	0.99	0.93	0.97	0.94	0.98	0.86	0.72	0.91	0.85	0.84	0.98	0.91	0.95	0.84	0.75	0.87	0.83	-0.15	0.93	0.97	-0.61	0.97	0.92
Short Long Term Debt Total	0.97		0.4	0.96	0.82	0.94	0.84	0.98	0.81	0.77	0.79	0.79	0.81	0.97	0.91	0.97	0.81	0.75	0.87	0.73	-0.21	0.9	1.0	-0.49	0.92	0.88
Other Current Liab	0.45	0.4		0.51	0.39	0.52	0.53	0.44	0.15	0.67	0.37	0.2	0.19	0.47	0.64	0.44	0.19	0.8	0.7	0.52	-0.58	0.57	0.42	-0.48	0.51	0.65
Total Current Liabilities	0.99	0.96	0.51		0.89	0.97	0.9	0.97	0.79	0.73	0.87	0.86	0.8	0.97	0.91	0.96	0.8	0.74	0.88	0.85	-0.16	0.91	0.97	-0.66	0.97	0.95
Total Stockholder Equity	0.93	0.82	0.39	0.89		0.87	0.98	0.88	0.89	0.56	1.0	0.85	0.8	0.9	0.81	0.81	0.8	0.64	0.73	0.84	-0.02	0.87	0.83	-0.67	0.93	0.85
Other Liab	0.97	0.94	0.52	0.97	0.87		0.88	0.94	0.75	0.67	0.84	0.78	0.81	0.94	0.88	0.97	0.81	0.72	0.88	0.86	-0.12	0.87	0.95	-0.65	0.94	0.95
Net Tangible Assets	0.94	0.84	0.53	0.9	0.98	0.88		0.89	0.85	0.67	0.97	0.82	0.78	0.91	0.88	0.83	0.78	0.77	0.79	0.85	-0.2	0.92	0.85	-0.69	0.93	0.87
Property Plant And Equipment Net	0.98	0.98	0.44	0.97	0.88	0.94	0.89		0.87	0.79	0.85	0.8	0.74	1.0	0.92	0.93	0.74	0.77	0.89	0.78	-0.17	0.93	0.98	-0.55	0.97	0.92
Current Deferred Revenue	0.86	0.81	0.15	0.79	0.89	0.75	0.85	0.87		0.56	0.88	0.76	0.69	0.87	0.73	0.74	0.69	0.59	0.63	0.65	0.02	0.84	0.8	-0.41	0.83	0.7
Net Debt	0.72	0.77	0.67	0.73	0.56	0.67	0.67	0.79	0.56		0.51	0.48	0.37	0.79	0.91	0.7	0.37	0.93	0.85	0.52	-0.68	0.87	0.76	-0.34	0.76	0.76
Retained Earnings	0.91	0.79	0.37	0.87	1.0	0.84	0.97	0.85	0.88	0.51		0.85	0.79	0.87	0.77	0.78	0.79	0.6	0.69	0.85	0.01	0.84	0.79	-0.68	0.91	0.82
Accounts Payable	0.85	0.79	0.2	0.86	0.85	0.78	0.82	0.8	0.76	0.48	0.85		0.83	0.8	0.72	0.8	0.83	0.46	0.54	0.78	-0.03	0.78	0.79	-0.66	0.82	0.71
Cash	0.84	0.81	0.19	0.8	0.8	0.81	0.78	0.74	0.69	0.37	0.79	0.83		0.74	0.68	0.86	1.0	0.48	0.55	0.64	-0.01	0.7	0.81	-0.49	0.69	0.62
Non Current Assets Total	0.98	0.97	0.47	0.97	0.9	0.94	0.91	1.0	0.87	0.79	0.87	0.8	0.74		0.92	0.92	0.74	0.79	0.9	0.8	-0.19	0.94	0.97	-0.58	0.98	0.94
Other Assets	0.91	0.91	0.64	0.91	0.81	0.88	0.88	0.92	0.73	0.91	0.77	0.72	0.68	0.92		0.89	0.68	0.92	0.89	0.72	-0.48	0.97	0.92	-0.52	0.91	0.88
Long Term Debt	0.95	0.97	0.44	0.96	0.81	0.97	0.83	0.93	0.74	0.7	0.78	0.8	0.86	0.92	0.89		0.86	0.73	0.84	0.78	-0.23	0.88	0.97	-0.57	0.89	0.88
Cash And Short Term Investments	0.84	0.81	0.19	0.8	0.8	0.81	0.78	0.74	0.69	0.37	0.79	0.83	1.0	0.74	0.68	0.86		0.48	0.55	0.64	-0.01	0.7	0.81	-0.49	0.69	0.62
Net Receivables	0.75	0.75	0.8	0.74	0.64	0.72	0.77	0.77	0.59	0.93	0.6	0.46	0.48	0.79	0.92	0.73	0.48		0.87	0.59	-0.68	0.89	0.76	-0.42	0.75	0.77
Good Will	0.87	0.87	0.7	0.88	0.73	0.88	0.79	0.89	0.63	0.85	0.69	0.54	0.55	0.9	0.89	0.84	0.55	0.87		0.72	-0.37	0.84	0.88	-0.52	0.88	0.94
Common Stock Total Equity	0.83	0.73	0.52	0.85	0.84	0.86	0.85	0.78	0.65	0.52	0.85	0.78	0.64	0.8	0.72	0.78	0.64	0.59	0.72		-0.1	0.77	0.74	-0.94	0.86	0.89
Common Stock Shares Outstanding	-0.15	-0.21	-0.58	-0.16	-0.02	-0.12	-0.2	-0.17	0.02	-0.68	0.01	-0.03	-0.01	-0.19	-0.48	-0.23	-0.01	-0.68	-0.37	-0.1		-0.43	-0.21	0.12	-0.15	-0.2
Long Term Debt Total	0.93	0.9	0.57	0.91	0.87	0.87	0.92	0.93	0.84	0.87	0.84	0.78	0.7	0.94	0.97	0.88	0.7	0.89	0.84	0.77	-0.43		0.91	-0.57	0.92	0.87
Non Current Liabilities Total	0.97	1.0	0.42	0.97	0.83	0.95	0.85	0.98	0.8	0.76	0.79	0.79	0.81	0.97	0.92	0.97	0.81	0.76	0.88	0.74	-0.21	0.91		-0.51	0.92	0.89
Capital Surpluse	-0.61	-0.49	-0.48	-0.66	-0.67	-0.65	-0.69	-0.55	-0.41	-0.34	-0.68	-0.66	-0.49	-0.58	-0.52	-0.57	-0.49	-0.42	-0.52	-0.94	0.12	-0.57	-0.51		-0.65	-0.71
Inventory	0.97	0.92	0.51	0.97	0.93	0.94	0.93	0.97	0.83	0.76	0.91	0.82	0.69	0.98	0.91	0.89	0.69	0.75	0.88	0.86	-0.15	0.92	0.92	-0.65		0.96
Other Current Assets	0.92	0.88	0.65	0.95	0.85	0.95	0.87	0.92	0.7	0.76	0.82	0.71	0.62	0.94	0.88	0.88	0.62	0.77	0.94	0.89	-0.2	0.87	0.89	-0.71	0.96

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Canada Goose Account Relationship Matchups

Canada Goose fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Short Long Term Debt Total	386M	622.6M	620.7M	754M	728.4M	417.0M
Other Current Liab	28.6M	8.8M	43M	53.1M	146.2M	153.5M
Total Current Liabilities	201.3M	262.1M	281.5M	352.4M	309.9M	200.3M
Total Stockholder Equity	520.2M	600.1M	427.9M	469.5M	417M	382.9M
Other Liab	44.5M	41.1M	67.6M	72.8M	83.7M	43.9M
Net Tangible Assets	190.4M	305.4M	392M	252.6M	290.5M	305.0M
Property Plant And Equipment Net	326.9M	350.2M	329.4M	447.8M	451.6M	233.6M
Net Debt	354.3M	144.7M	333M	467.5M	583.5M	612.7M
Retained Earnings	389.4M	454.4M	290.4M	316.5M	252.5M	240.2M
Accounts Payable	136.8M	177.8M	176.2M	195.6M	57.6M	109.4M
Cash	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Non Current Assets Total	588.5M	610.3M	578.3M	726.8M	740.8M	484.1M
Non Currrent Assets Other	100K	5.1M	20.4M	12.5M	270.2M	283.7M
Other Assets	19.2M	46.8M	52M	73.6M	84.6M	88.9M
Long Term Debt	158.1M	367.8M	366.2M	391.6M	388.5M	253.8M
Cash And Short Term Investments	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Net Receivables	44.3M	45.7M	43.8M	51.8M	98.4M	103.3M
Common Stock Total Equity	106.1M	112.6M	114.7M	120.5M	138.6M	88.6M
Common Stock Shares Outstanding	111.2M	111.1M	109.2M	105.6M	101.8M	86.4M
Liabilities And Stockholders Equity	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Non Current Liabilities Total	391.2M	645M	631.2M	760.1M	748.2M	439.9M
Capital Lease Obligations	227.9M	254.8M	250.7M	334.8M	330.5M	347.0M
Inventory	412.3M	342.3M	393.3M	472.6M	445.2M	309.4M
Other Current Assets	35.9M	31M	37.5M	52.3M	60.1M	32.4M
Other Stockholder Equity	15.7M	25.2M	36.2M	28.5M	54.4M	57.1M
Total Liab	592.5M	907.1M	912.7M	1.1B	1.1B	640.1M
Property Plant And Equipment Gross	326.9M	350.2M	329.4M	447.8M	903.3M	948.5M
Total Current Assets	524.2M	896.9M	762.3M	863.2M	740.8M	540.5M
Accumulated Other Comprehensive Income	400K	(5.2M)	(17.2M)	5.8M	5.2M	5.5M
Non Current Liabilities Other	4.6M	20.4M	25.7M	56.9M	54.6M	57.3M
Short Term Debt	35.9M	45.2M	62.3M	103.7M	89.3M	93.8M
Intangible Assets	161.7M	155M	122.2M	135.1M	155.4M	151.9M
Common Stock	114.7M	120.5M	118.5M	118.7M	104.9M	99.7M
Property Plant Equipment	84.3M	326.9M	350.2M	329.4M	378.8M	397.8M

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

0.55	DOOO	BRP Inc Financial Report 6th of June 2024	Pair Corr
0.41	UHG	United Homes Group	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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