Galway Non Current Liabilities Total vs Total Stockholder Equity Analysis
GWM Stock | CAD 0.35 0.01 2.78% |
Galway Metals financial indicator trend analysis is much more than just examining Galway Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galway Metals is a good investment. Please check the relationship between Galway Metals Non Current Liabilities Total and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galway Metals. 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.
Non Current Liabilities Total vs Total Stockholder Equity
Non Current Liabilities Total vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galway Metals Non Current Liabilities Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Galway Metals' Non Current Liabilities Total and Total Stockholder Equity is 0.04. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Galway Metals, assuming nothing else is changed. The correlation between historical values of Galway Metals' Non Current Liabilities Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Galway Metals are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., Galway Metals' Non Current Liabilities Total and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Current Liabilities Total
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.Most indicators from Galway Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galway Metals 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 Galway Metals. 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. Selling General Administrative is likely to drop to about 2.5 M in 2024. Issuance Of Capital Stock is likely to drop to about 3.4 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.6K | 535.0 | 138.0K | 144.9K | Net Interest Income | 1.6K | 535.0 | 138.0K | 144.9K |
Galway Metals fundamental ratios Correlations
Click cells to compare fundamentals
Galway Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galway Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.7M | 24.7M | 20.7M | 16.2M | 14.2M | 16.2M | |
Total Current Liabilities | 1.3M | 4.3M | 4.3M | 1.5M | 1.4M | 1.4M | |
Total Stockholder Equity | 11.4M | 20.4M | 16.3M | 14.6M | 12.8M | 14.8M | |
Property Plant And Equipment Net | 5.8M | 7.6M | 9.1M | 9.7M | 10.4M | 7.1M | |
Net Debt | (6.1M) | (15.4M) | (10.4M) | (5.6M) | (6.5M) | (6.8M) | |
Retained Earnings | (21.5M) | (33.4M) | (49.5M) | (60.3M) | (65.7M) | (62.4M) | |
Cash | 6.1M | 15.4M | 10.7M | 5.8M | 3.3M | 3.2M | |
Non Current Assets Total | 5.8M | 7.7M | 9.2M | 9.7M | 10.4M | 10.9M | |
Non Currrent Assets Other | 57.3K | 54.5K | 53.5K | 53.2K | 47.9K | 72.4K | |
Cash And Short Term Investments | 6.1M | 15.4M | 10.7M | 5.8M | 5.3M | 8.1M | |
Common Stock Shares Outstanding | 38.2M | 49.6M | 58.7M | 64.1M | 74.9M | 38.9M | |
Liabilities And Stockholders Equity | 12.7M | 24.7M | 20.7M | 16.2M | 18.7M | 16.3M | |
Total Liab | 1.3M | 4.3M | 4.5M | 1.6M | 1.5M | 1.4M | |
Total Current Assets | 6.9M | 17.1M | 11.6M | 6.5M | 3.8M | 3.6M | |
Accumulated Other Comprehensive Income | 181.8K | 188.7K | 156.4K | 149.0K | 171.4K | 180.0K | |
Common Stock | 29.4M | 46.4M | 56.6M | 65.3M | 75.1M | 78.8M | |
Net Tangible Assets | 11.8M | 11.4M | 20.4M | 14.6M | 16.8M | 13.7M | |
Accounts Payable | 656.8K | 845.2K | 892.0K | 237.1K | 272.7K | 432.0K | |
Other Assets | 52.7K | 57.3K | 54.5K | 53.5K | 48.1K | 65.0K | |
Net Receivables | 684.4K | 1.7M | 867.8K | 540.3K | 621.4K | 648.2K | |
Other Stockholder Equity | 3.4M | 7.2M | 9.0M | 9.5M | 8.5M | 10.1M | |
Other Current Liab | 595.7K | 4.3M | 4.2M | 1.4M | 600.0K | 570.0K | |
Property Plant Equipment | 4.8M | 5.8M | 7.6M | 9.7M | 11.2M | 6.3M | |
Net Invested Capital | 11.4M | 20.4M | 16.5M | 14.8M | 12.9M | 15.5M | |
Net Working Capital | 5.6M | 12.7M | 7.3M | 5.0M | 2.4M | 2.3M | |
Capital Stock | 29.4M | 46.4M | 56.6M | 65.3M | 68.6M | 53.2M |
Pair Trading with Galway Metals
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 Galway Metals 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 Galway Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Galway Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galway Metals 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 Galway Metals - 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 Galway Metals to buy it.
The correlation of Galway Metals 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 Galway Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galway Metals 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 Galway Metals 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galway Metals. 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.
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