Grande Invested Capital vs Capex To Depreciation Analysis

GPG Stock

CAD 0.19 0.01 5.00%

Grande Portage financial indicator trend analysis is much more than just examining Grande Portage Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grande Portage Resources is a good investment. Please check the relationship between Grande Portage Invested Capital and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage Resources. 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.

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Invested Capital account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Grande Portage's Invested Capital and Capex To Depreciation is -0.2. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Grande Portage Resources, assuming nothing else is changed. The correlation between historical values of Grande Portage's Invested Capital and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Grande Portage Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Invested Capital i.e., Grande Portage's Invested Capital and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

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Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Grande Portage Resources. There are two different methods for calculating Grande Portage Resources invested capital: operating approach and financing approach. Understanding Grande Portage invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Grande Portage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grande Portage Resources 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 Grande Portage Resources. 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, Grande Portage's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 26 M in 2024, whereas Selling General Administrative is likely to drop slightly above 707.3 K in 2024.

Grande Portage 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Non Currrent Assets Other	Inventory	Other Current Assets	Short Term Investments	Common Stock	Other Current Liab	Net Tangible Assets	Other Assets
Total Assets		0.78	1.0	0.99	-0.24	-0.62	0.5	0.31	0.99	0.41	-0.03	0.93	-0.49	0.78	0.41	0.56	0.59	0.58	-0.43	-0.43	0.71	-0.2	0.83	0.67	0.92	-0.24
Total Current Liabilities	0.78		0.76	0.82	-0.02	-0.58	0.42	0.1	0.82	-0.06	-0.16	0.8	-0.37	1.0	-0.06	0.45	0.73	0.48	-0.45	-0.28	0.46	-0.38	0.66	0.79	0.71	-0.02
Total Stockholder Equity	1.0	0.76		0.99	-0.26	-0.61	0.5	0.32	0.99	0.43	-0.03	0.92	-0.49	0.76	0.43	0.56	0.57	0.58	-0.42	-0.43	0.72	-0.19	0.83	0.66	0.92	-0.25
Property Plant And Equipment Net	0.99	0.82	0.99		-0.15	-0.61	0.46	0.22	1.0	0.3	-0.07	0.93	-0.48	0.83	0.3	0.56	0.64	0.58	-0.42	-0.42	0.67	-0.23	0.82	0.72	0.92	-0.23
Net Debt	-0.24	-0.02	-0.26	-0.15		0.31	-0.62	-1.0	-0.15	-0.82	0.07	-0.26	0.27	0.01	-0.8	-0.11	0.15	-0.1	0.3	0.15	-0.66	0.2	-0.33	0.02	-0.23	0.09
Retained Earnings	-0.62	-0.58	-0.61	-0.61	0.31		-0.63	-0.35	-0.61	-0.28	0.44	-0.76	0.43	-0.56	-0.26	-0.66	-0.23	-0.66	0.48	0.63	-0.74	0.56	-0.77	-0.38	-0.43	0.0
Accounts Payable	0.5	0.42	0.5	0.46	-0.62	-0.63		0.64	0.46	0.51	-0.24	0.62	-0.62	0.39	0.51	0.25	0.17	0.25	-0.82	-0.24	0.76	-0.25	0.66	0.37	0.48	-0.32
Cash	0.31	0.1	0.32	0.22	-1.0	-0.35	0.64		0.22	0.81	-0.08	0.32	-0.3	0.07	0.79	0.14	-0.08	0.14	-0.33	-0.17	0.69	-0.22	0.39	0.05	0.29	-0.1
Non Current Assets Total	0.99	0.82	0.99	1.0	-0.15	-0.61	0.46	0.22		0.3	-0.07	0.93	-0.48	0.83	0.3	0.56	0.64	0.58	-0.42	-0.42	0.67	-0.23	0.82	0.72	0.92	-0.23
Cash And Short Term Investments	0.41	-0.06	0.43	0.3	-0.82	-0.28	0.51	0.81	0.3		0.19	0.34	-0.25	-0.08	0.99	0.16	-0.17	0.15	-0.23	-0.21	0.63	0.13	0.43	-0.11	0.39	-0.15
Net Receivables	-0.03	-0.16	-0.03	-0.07	0.07	0.44	-0.24	-0.08	-0.07	0.19		-0.31	0.36	-0.17	0.26	0.07	-0.15	0.06	0.39	-0.11	-0.29	0.19	-0.28	-0.31	-0.12	-0.08
Common Stock Shares Outstanding	0.93	0.8	0.92	0.93	-0.26	-0.76	0.62	0.32	0.93	0.34	-0.31		-0.68	0.8	0.32	0.43	0.59	0.45	-0.65	-0.29	0.81	-0.18	0.9	0.78	0.91	-0.22
Other Stockholder Equity	-0.49	-0.37	-0.49	-0.48	0.27	0.43	-0.62	-0.3	-0.48	-0.25	0.36	-0.68		-0.37	-0.25	0.15	-0.3	0.13	0.82	-0.22	-0.76	-0.18	-0.63	-0.73	-0.65	0.31
Total Liab	0.78	1.0	0.76	0.83	0.01	-0.56	0.39	0.07	0.83	-0.08	-0.17	0.8	-0.37		-0.09	0.44	0.75	0.47	-0.44	-0.26	0.45	-0.36	0.66	0.81	0.72	-0.04
Total Current Assets	0.41	-0.06	0.43	0.3	-0.8	-0.26	0.51	0.79	0.3	0.99	0.26	0.32	-0.25	-0.09		0.18	-0.18	0.17	-0.22	-0.23	0.62	0.12	0.42	-0.12	0.38	-0.16
Short Long Term Debt Total	0.56	0.45	0.56	0.56	-0.11	-0.66	0.25	0.14	0.56	0.16	0.07	0.43	0.15	0.44	0.18		0.25	1.0	0.12	-0.96	0.34	-0.78	0.38	0.05	0.2	0.05
Current Deferred Revenue	0.59	0.73	0.57	0.64	0.15	-0.23	0.17	-0.08	0.64	-0.17	-0.15	0.59	-0.3	0.75	-0.18	0.25		0.29	-0.28	-0.08	0.22	-0.13	0.51	0.71	0.61	-0.1
Short Term Debt	0.58	0.48	0.58	0.58	-0.1	-0.66	0.25	0.14	0.58	0.15	0.06	0.45	0.13	0.47	0.17	1.0	0.29		0.1	-0.95	0.35	-0.77	0.4	0.09	0.23	0.04
Non Currrent Assets Other	-0.43	-0.45	-0.42	-0.42	0.3	0.48	-0.82	-0.33	-0.42	-0.23	0.39	-0.65	0.82	-0.44	-0.22	0.12	-0.28	0.1		-0.19	-0.61	-0.1	-0.6	-0.6	-0.56	0.36
Inventory	-0.43	-0.28	-0.43	-0.42	0.15	0.63	-0.24	-0.17	-0.42	-0.21	-0.11	-0.29	-0.22	-0.26	-0.23	-0.96	-0.08	-0.95	-0.19		-0.3	0.77	-0.36	0.13	-0.06	-0.07
Other Current Assets	0.71	0.46	0.72	0.67	-0.66	-0.74	0.76	0.69	0.67	0.63	-0.29	0.81	-0.76	0.45	0.62	0.34	0.22	0.35	-0.61	-0.3		-0.24	0.82	0.54	0.68	-0.2
Short Term Investments	-0.2	-0.38	-0.19	-0.23	0.2	0.56	-0.25	-0.22	-0.23	0.13	0.19	-0.18	-0.18	-0.36	0.12	-0.78	-0.13	-0.77	-0.1	0.77	-0.24		-0.16	-0.05	0.11	-0.14
Common Stock	0.83	0.66	0.83	0.82	-0.33	-0.77	0.66	0.39	0.82	0.43	-0.28	0.9	-0.63	0.66	0.42	0.38	0.51	0.4	-0.6	-0.36	0.82	-0.16		0.63	0.8	-0.2
Other Current Liab	0.67	0.79	0.66	0.72	0.02	-0.38	0.37	0.05	0.72	-0.11	-0.31	0.78	-0.73	0.81	-0.12	0.05	0.71	0.09	-0.6	0.13	0.54	-0.05	0.63		0.78	-0.31
Net Tangible Assets	0.92	0.71	0.92	0.92	-0.23	-0.43	0.48	0.29	0.92	0.39	-0.12	0.91	-0.65	0.72	0.38	0.2	0.61	0.23	-0.56	-0.06	0.68	0.11	0.8	0.78		-0.31
Other Assets	-0.24	-0.02	-0.25	-0.23	0.09	0.0	-0.32	-0.1	-0.23	-0.15	-0.08	-0.22	0.31	-0.04	-0.16	0.05	-0.1	0.04	0.36	-0.07	-0.2	-0.14	-0.2	-0.31	-0.31

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Grande Portage Account Relationship Matchups

Grande Portage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4M	17.9M	19.6M	20.9M	24.0M	25.2M
Total Current Liabilities	450.3K	433.8K	276.1K	962.4K	1.1M	1.2M
Total Stockholder Equity	12.0M	17.4M	19.3M	19.8M	22.7M	23.9M
Property Plant And Equipment Net	10.8M	14.3M	17.1M	20.3M	23.4M	24.5M
Net Debt	(1.5M)	(3.4M)	(318.0K)	(213.1K)	(191.8K)	(201.3K)
Retained Earnings	(19.7M)	(20.9M)	(22.2M)	(23.3M)	(20.9M)	(19.9M)
Accounts Payable	230.6K	450.3K	433.8K	276.1K	317.6K	246.7K
Cash	1.5M	3.4M	318.0K	344.2K	395.8K	376.0K
Non Current Assets Total	10.9M	14.4M	17.2M	20.5M	23.5M	24.7M
Cash And Short Term Investments	1.5M	3.4M	2.3M	344.2K	395.8K	376.0K
Net Receivables	15.1K	9.8K	6.3K	5.9K	5.3K	5.1K
Common Stock Shares Outstanding	67.4M	87.6M	106.9M	110.8M	127.4M	133.8M
Liabilities And Stockholders Equity	12.4M	17.9M	19.6M	20.9M	24.0M	25.2M
Total Liab	450.3K	433.8K	276.1K	1.1M	1.3M	1.3M
Total Current Assets	1.6M	3.5M	2.4M	403.9K	464.5K	441.3K
Accumulated Other Comprehensive Income	2.9M	3.3M	3.8M	4.2M	4.9M	3.1M
Other Current Assets	61.4K	83.4K	52.7K	53.9K	48.5K	46.1K
Short Term Investments	4.2K	2.2K	1.2K	949.0	2.0M	0.0
Common Stock	28.8M	35.1M	37.7M	38.8M	44.6M	27.0M
Net Tangible Assets	7.9M	12.0M	17.4M	19.3M	22.2M	23.3M
Property Plant Equipment	7.8M	10.8M	14.3M	17.1M	19.7M	20.7M
Net Invested Capital	12.0M	17.4M	19.3M	19.8M	22.7M	14.2M
Net Working Capital	1.1M	3.1M	2.1M	(558.5K)	(642.2K)	(610.1K)
Capital Stock	28.8M	35.1M	37.7M	38.8M	44.6M	34.4M

Pair Trading with Grande Portage

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 Grande Portage 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 Grande Portage will appreciate offsetting losses from the drop in the long position's value.

Moving against Grande Stock

0.65	UNH	UnitedHealth Group CDR Earnings Call Today	Pair Corr
0.56	COST	Costco Wholesale Corp	Pair Corr
0.55	AAPL	Apple Inc CDR	Pair Corr

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

The correlation of Grande Portage 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 Grande Portage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grande Portage Resources 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 Grande Portage 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 Grande Portage Resources. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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

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Please note, there is a significant difference between Grande Portage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grande Portage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grande Portage'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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Grande Invested Capital vs Capex To Depreciation Analysis

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Invested Capital

Capex To Depreciation

Grande Portage fundamental ratios Correlations

Grande Portage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Grande Portage fundamental ratios Accounts

Pair Trading with Grande Portage

Moving against Grande Stock

Complementary Tools for Grande Stock analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Short Term Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Inventory	- 0.96	Short Long Term Debt Total
Inventory	- 0.95	Short Term Debt
Non Currrent Assets Other	- 0.82	Accounts Payable
Cash And Short Term Investments	- 0.82	Net Debt
Total Current Assets	- 0.8	Net Debt