Global Total Current Assets vs Other Liab Analysis
GWRS Stock | USD 13.23 0.04 0.30% |
Global Water financial indicator trend analysis is much more than just examining Global Water Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Water Resources is a good investment. Please check the relationship between Global Water Total Current Assets and its Other Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Water 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 metropolitan statistical area.
Total Current Assets vs Other Liab
Total Current Assets vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Water Resources Total Current Assets account and Other Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Global Water's Total Current Assets and Other Liab is -0.09. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Liab in the same time period over historical financial statements of Global Water Resources, assuming nothing else is changed. The correlation between historical values of Global Water's Total Current Assets and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Global Water Resources are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Total Current Assets i.e., Global Water's Total Current Assets and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Other Liab
Most indicators from Global Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Water 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 Global Water 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 metropolitan statistical area. Selling General Administrative is likely to gain to about 17.5 M in 2024, whereas Tax Provision is likely to drop slightly above 2.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 31.6M | 33.8M | 28.9M | 23.9M | Total Revenue | 41.9M | 44.7M | 53.0M | 39.7M |
Global Water fundamental ratios Correlations
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Global Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Global Water fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 266.1M | 283.4M | 294.1M | 323.1M | 361.1M | 230.0M | |
Other Current Liab | 7.5M | 8.3M | 9.2M | 8.1M | 7.7M | 7.2M | |
Total Current Liabilities | 10.1M | 12.4M | 16.9M | 16.2M | 14.2M | 15.7M | |
Total Stockholder Equity | 24.7M | 32.2M | 30.0M | 44.4M | 48.6M | 51.1M | |
Other Liab | 116.7M | 126.2M | 138.1M | 155.9M | 140.3M | 97.9M | |
Net Tangible Assets | 7.7M | 32.2M | 30.0M | 44.4M | 51.1M | 53.6M | |
Accounts Payable | 992K | 531K | 2.1M | 2.2M | 1.0M | 1.7M | |
Cash | 7.5M | 18.0M | 12.6M | 6.6M | 3.1M | 2.9M | |
Other Assets | 3.3M | 5.3M | 3.2M | 4.2M | 3.8M | 3.6M | |
Long Term Debt | 114.4M | 112.7M | 108.9M | 104.9M | 103.7M | 94.8M | |
Net Receivables | 4.1M | 4.8M | 4.7M | 5.2M | 2.8M | 3.6M | |
Good Will | 4.4M | 4.6M | 5.7M | 5.0M | 10.8M | 9.2M | |
Common Stock Total Equity | 216K | 227K | 228K | 239K | 274.9K | 288.6K | |
Other Current Assets | 675K | 665K | 1.6M | 2.4M | 5.8M | 6.1M | |
Other Stockholder Equity | 24.5M | 32.0M | 29.8M | 31.8M | 47.6M | 46.4M | |
Total Liab | 241.4M | 251.3M | 264.0M | 278.7M | 312.5M | 213.9M | |
Deferred Long Term Liab | 1.7M | 2.0M | 2.3M | 3.2M | 3.6M | 3.8M | |
Short Long Term Debt | 9K | 7K | 1.9M | 3.8M | 3.9M | 4.1M | |
Short Term Debt | 117K | 2.0M | 4.0M | 4.3M | 3.9M | 4.1M | |
Intangible Assets | 12.6M | 11.2M | 10.3M | 10.1M | 8.8M | 15.7M | |
Common Stock | 216K | 227K | 228K | 239K | 240K | 121.3K | |
Property Plant Equipment | 233.6M | 238.9M | 255.9M | 289.6M | 333.1M | 249.8M | |
Common Stock Shares Outstanding | 21.5M | 22.6M | 22.9M | 23.3M | 24.1M | 22.8M | |
Short Long Term Debt Total | 114.8M | 114.7M | 112.9M | 110.9M | 108.9M | 91.4M | |
Property Plant And Equipment Net | 233.6M | 238.9M | 255.9M | 289.6M | 325.1M | 266.0M | |
Current Deferred Revenue | 1.4M | 1.6M | 1.6M | 1.7M | 1.6M | 1.3M | |
Net Debt | 107.3M | 96.7M | 100.3M | 104.3M | 105.8M | 83.0M | |
Non Current Assets Total | 253.8M | 260.0M | 275.1M | 308.9M | 349.4M | 291.5M | |
Non Currrent Assets Other | 3.3M | 5.3M | 3.2M | (2.7M) | (3.6M) | (3.5M) | |
Cash And Short Term Investments | 7.5M | 18.0M | 12.6M | 6.6M | 3.1M | 2.9M | |
Liabilities And Stockholders Equity | 266.1M | 283.4M | 294.1M | 323.1M | 361.1M | 309.5M | |
Non Current Liabilities Total | 231.3M | 238.9M | 247.1M | 262.4M | 298.3M | 264.4M | |
Property Plant And Equipment Gross | 233.6M | 238.9M | 369.2M | 414.2M | 467.4M | 307.9M |
Pair Trading with Global Water
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 Global Water 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 Global Water will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Global Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Water 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 Global Water - 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 Global Water Resources to buy it.
The correlation of Global Water 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 Global Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Water 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 Global Water 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 Global Water 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 metropolitan statistical area. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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Is Global Water's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global Water. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Dividend Share 0.306 | Earnings Share 0.26 | Revenue Per Share 2.135 | Quarterly Revenue Growth (0.12) |
The market value of Global Water Resources is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Water's value that differs from its market value or its book value, called intrinsic value, which is Global Water's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global Water's market value can be influenced by many factors that don't directly affect Global Water's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Water'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.