Galway Retained Earnings vs Net Receivables 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 Retained Earnings and its Net Receivables 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.

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galway Metals Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Galway Metals' Retained Earnings and Net Receivables is -0.62. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables 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' Retained Earnings and Net Receivables 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 Galway Metals are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., Galway Metals' Retained Earnings and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Net Receivables

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

Interest Income Net Interest Income

Galway Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Accounts Payable	Other Assets	Net Receivables	Other Stockholder Equity	Other Current Liab	Other Liab	Non Current Liabilities Total	Property Plant Equipment	Net Invested Capital	Long Term Investments	Net Working Capital
Total Assets		0.91	0.97	0.56	-0.34	-0.51	0.27	0.55	-0.3	0.37	0.57	0.91	0.37	0.53	0.83	0.71	-0.33	0.86	-0.4	0.9	-0.09	-0.09	0.58	0.95	-0.09	0.46
Total Current Liabilities	0.91		0.78	0.72	-0.07	-0.61	0.04	0.68	-0.58	0.08	0.69	1.0	0.15	0.6	0.8	0.9	-0.6	0.91	-0.5	0.95	-0.07	-0.32	0.72	0.91	-0.07	0.36
Total Stockholder Equity	0.97	0.78		0.41	-0.47	-0.4	0.38	0.42	-0.12	0.5	0.44	0.78	0.47	0.44	0.78	0.53	-0.14	0.77	-0.31	0.79	-0.09	0.04	0.45	0.89	-0.09	0.49
Property Plant And Equipment Net	0.56	0.72	0.41		0.5	-0.95	-0.55	0.93	-0.74	-0.51	0.97	0.73	-0.46	0.91	0.75	0.63	-0.79	0.72	-0.6	0.56	-0.39	-0.44	0.98	0.72	-0.39	-0.26
Net Debt	-0.34	-0.07	-0.47	0.5		-0.53	-0.96	0.57	-0.67	-0.99	0.43	-0.07	-0.95	0.48	-0.03	0.1	-0.65	-0.01	-0.38	-0.25	-0.39	-0.54	0.44	-0.07	-0.39	-0.71
Retained Earnings	-0.51	-0.61	-0.4	-0.95	-0.53		0.64	-0.97	0.65	0.52	-0.92	-0.62	0.57	-0.99	-0.7	-0.5	0.69	-0.62	0.56	-0.42	0.63	0.33	-0.93	-0.69	0.63	0.45
Cash	0.27	0.04	0.38	-0.55	-0.96	0.64		-0.65	0.63	0.94	-0.48	0.04	0.99	-0.62	-0.08	-0.09	0.63	-0.05	0.38	0.26	0.63	0.51	-0.49	0.0	0.63	0.82
Non Current Assets Total	0.55	0.68	0.42	0.93	0.57	-0.97	-0.65		-0.78	-0.55	0.9	0.68	-0.57	0.96	0.73	0.62	-0.8	0.71	-0.64	0.49	-0.58	-0.49	0.91	0.74	-0.58	-0.35
Non Currrent Assets Other	-0.3	-0.58	-0.12	-0.74	-0.67	0.65	0.63	-0.78		0.67	-0.66	-0.56	0.54	-0.6	-0.55	-0.65	0.96	-0.62	0.55	-0.44	0.21	0.82	-0.69	-0.52	0.21	0.1
Cash And Short Term Investments	0.37	0.08	0.5	-0.51	-0.99	0.52	0.94	-0.55	0.67		-0.46	0.08	0.94	-0.46	0.01	-0.07	0.65	0.02	0.38	0.26	0.33	0.54	-0.46	0.11	0.33	0.7
Common Stock Shares Outstanding	0.57	0.69	0.44	0.97	0.43	-0.92	-0.48	0.9	-0.66	-0.46		0.7	-0.4	0.89	0.78	0.54	-0.7	0.68	-0.61	0.53	-0.34	-0.32	0.99	0.68	-0.34	-0.26
Total Liab	0.91	1.0	0.78	0.73	-0.07	-0.62	0.04	0.68	-0.56	0.08	0.7		0.15	0.61	0.8	0.9	-0.59	0.9	-0.49	0.95	-0.08	-0.3	0.73	0.91	-0.08	0.34
Total Current Assets	0.37	0.15	0.47	-0.46	-0.95	0.57	0.99	-0.57	0.54	0.94	-0.4	0.15		-0.55	0.03	0.02	0.54	0.07	0.31	0.36	0.62	0.44	-0.41	0.1	0.62	0.86
Common Stock	0.53	0.6	0.44	0.91	0.48	-0.99	-0.62	0.96	-0.6	-0.46	0.89	0.61	-0.55		0.71	0.48	-0.64	0.62	-0.55	0.4	-0.69	-0.3	0.9	0.7	-0.69	-0.45
Net Tangible Assets	0.83	0.8	0.78	0.75	-0.03	-0.7	-0.08	0.73	-0.55	0.01	0.78	0.8	0.03	0.71		0.59	-0.55	0.89	-0.53	0.71	-0.27	-0.36	0.77	0.9	-0.27	0.22
Accounts Payable	0.71	0.9	0.53	0.63	0.1	-0.5	-0.09	0.62	-0.65	-0.07	0.54	0.9	0.02	0.48	0.59		-0.69	0.86	-0.49	0.83	-0.07	-0.52	0.58	0.75	-0.07	0.3
Other Assets	-0.33	-0.6	-0.14	-0.79	-0.65	0.69	0.63	-0.8	0.96	0.65	-0.7	-0.59	0.54	-0.64	-0.55	-0.69		-0.64	0.51	-0.49	0.25	0.85	-0.72	-0.55	0.25	0.13
Net Receivables	0.86	0.91	0.77	0.72	-0.01	-0.62	-0.05	0.71	-0.62	0.02	0.68	0.9	0.07	0.62	0.89	0.86	-0.64		-0.63	0.81	-0.18	-0.51	0.69	0.93	-0.18	0.35
Other Stockholder Equity	-0.4	-0.5	-0.31	-0.6	-0.38	0.56	0.38	-0.64	0.55	0.38	-0.61	-0.49	0.31	-0.55	-0.53	-0.49	0.51	-0.63		-0.28	0.2	0.39	-0.63	-0.53	0.2	0.08
Other Current Liab	0.9	0.95	0.79	0.56	-0.25	-0.42	0.26	0.49	-0.44	0.26	0.53	0.95	0.36	0.4	0.71	0.83	-0.49	0.81	-0.28		0.13	-0.24	0.56	0.85	0.13	0.54
Other Liab	-0.09	-0.07	-0.09	-0.39	-0.39	0.63	0.63	-0.58	0.21	0.33	-0.34	-0.08	0.62	-0.69	-0.27	-0.07	0.25	-0.18	0.2	0.13		0.18	-0.34	-0.27	1.0	0.67
Non Current Liabilities Total	-0.09	-0.32	0.04	-0.44	-0.54	0.33	0.51	-0.49	0.82	0.54	-0.32	-0.3	0.44	-0.3	-0.36	-0.52	0.85	-0.51	0.39	-0.24	0.18		-0.33	-0.32	0.18	-0.03
Property Plant Equipment	0.58	0.72	0.45	0.98	0.44	-0.93	-0.49	0.91	-0.69	-0.46	0.99	0.73	-0.41	0.9	0.77	0.58	-0.72	0.69	-0.63	0.56	-0.34	-0.33		0.71	-0.34	-0.25
Net Invested Capital	0.95	0.91	0.89	0.72	-0.07	-0.69	0.0	0.74	-0.52	0.11	0.68	0.91	0.1	0.7	0.9	0.75	-0.55	0.93	-0.53	0.85	-0.27	-0.32	0.71		-0.27	0.3
Long Term Investments	-0.09	-0.07	-0.09	-0.39	-0.39	0.63	0.63	-0.58	0.21	0.33	-0.34	-0.08	0.62	-0.69	-0.27	-0.07	0.25	-0.18	0.2	0.13	1.0	0.18	-0.34	-0.27		0.67
Net Working Capital	0.46	0.36	0.49	-0.26	-0.71	0.45	0.82	-0.35	0.1	0.7	-0.26	0.34	0.86	-0.45	0.22	0.3	0.13	0.35	0.08	0.54	0.67	-0.03	-0.25	0.3	0.67

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Galway Metals Account Relationship Matchups

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.

Pair Correlation Correlation Matching

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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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

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Please note, there is a significant difference between Galway Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Galway Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galway Metals' 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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Galway Retained Earnings vs Net Receivables Analysis

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Receivables

Galway Metals fundamental ratios Correlations

Galway Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Galway Metals fundamental ratios Accounts

Pair Trading with Galway Metals

Complementary Tools for Galway Stock analysis

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Long Term Investments	+ 1.0	Other Liab
Total Current Assets	+ 0.99	Cash
Property Plant Equipment	+ 0.99	Common Stock Shares Outstanding
Property Plant Equipment	+ 0.98	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.97	Total Assets

Common Stock	- 0.99	Retained Earnings
Cash And Short Term Investments	- 0.99	Net Debt
Non Current Assets Total	- 0.97	Retained Earnings
Cash	- 0.96	Net Debt
Total Current Assets	- 0.95	Net Debt
Retained Earnings	- 0.95	Property Plant And Equipment Net