Challenger Good Will vs Common Stock Shares Outstanding Analysis

CGF Stock   5.89  0.09  1.51%   
Challenger financial indicator trend analysis is way more than just evaluating Challenger prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Challenger is a good investment. Please check the relationship between Challenger Good Will and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Challenger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Common Stock Shares Outstanding

Good Will vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Challenger Good Will account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Challenger's Good Will and Common Stock Shares Outstanding is 0.32. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Challenger, assuming nothing else is changed. The correlation between historical values of Challenger's Good Will and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Challenger are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Good Will i.e., Challenger's Good Will and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Challenger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Challenger 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Challenger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Challenger's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 68 M in 2024, whereas Discontinued Operations is likely to drop (7.6 M) in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses233.9M1.1B635.9M604.1M
Gross Profit1.4B652.2M635.9M989.5M

Challenger fundamental ratios Correlations

0.960.720.340.340.620.620.980.85-0.060.770.790.70.86-0.140.810.540.57-0.33-0.20.830.880.580.52-0.030.12
0.960.670.170.290.60.520.970.950.070.70.780.670.89-0.190.660.470.52-0.48-0.390.80.90.670.38-0.08-0.05
0.720.670.120.30.440.450.720.56-0.120.640.80.510.79-0.380.70.560.62-0.51-0.410.510.720.480.36-0.350.15
0.340.170.120.490.020.250.260.090.010.190.30.16-0.080.450.490.04-0.010.620.660.480.010.140.340.460.17
0.340.290.30.49-0.4-0.080.310.290.62-0.090.62-0.260.060.380.48-0.32-0.330.20.130.640.1-0.06-0.10.34-0.49
0.620.60.440.02-0.40.630.620.47-0.630.910.310.950.7-0.450.440.810.85-0.4-0.170.210.660.620.59-0.330.59
0.620.520.450.25-0.080.630.620.27-0.610.570.290.760.62-0.350.40.890.830.050.180.340.650.530.98-0.220.35
0.980.970.720.260.310.620.620.85-0.030.740.80.70.89-0.190.760.560.61-0.41-0.30.80.930.630.5-0.080.05
0.850.950.560.090.290.470.270.850.260.570.710.530.78-0.090.530.250.3-0.54-0.480.780.750.610.130.01-0.18
-0.060.07-0.120.010.62-0.63-0.61-0.030.26-0.520.29-0.58-0.180.36-0.1-0.74-0.71-0.09-0.260.34-0.17-0.13-0.680.28-0.88
0.770.70.640.19-0.090.910.570.740.57-0.520.50.860.72-0.270.710.730.78-0.4-0.160.430.70.520.54-0.160.62
0.790.780.80.30.620.310.290.80.710.290.50.40.71-0.120.770.290.34-0.38-0.310.770.680.450.19-0.1-0.2
0.70.670.510.16-0.260.950.760.70.53-0.580.860.40.74-0.420.450.870.89-0.29-0.080.330.70.760.73-0.290.48
0.860.890.79-0.080.060.70.620.890.78-0.180.720.710.74-0.540.560.680.74-0.62-0.530.520.970.680.47-0.430.1
-0.14-0.19-0.380.450.38-0.45-0.35-0.19-0.090.36-0.27-0.12-0.42-0.540.07-0.52-0.560.420.40.32-0.47-0.5-0.270.98-0.14
0.810.660.70.490.480.440.40.760.53-0.10.710.770.450.560.070.370.4-0.140.040.740.590.180.380.120.32
0.540.470.560.04-0.320.810.890.560.25-0.740.730.290.870.68-0.520.370.98-0.25-0.060.150.650.60.86-0.420.51
0.570.520.62-0.01-0.330.850.830.610.3-0.710.780.340.890.74-0.560.40.98-0.37-0.190.150.70.610.79-0.460.51
-0.33-0.48-0.510.620.2-0.40.05-0.41-0.54-0.09-0.4-0.38-0.29-0.620.42-0.14-0.25-0.370.95-0.13-0.53-0.330.210.40.09
-0.2-0.39-0.410.660.13-0.170.18-0.3-0.48-0.26-0.16-0.31-0.08-0.530.40.04-0.06-0.190.95-0.05-0.45-0.250.350.390.3
0.830.80.510.480.640.210.340.80.780.340.430.770.330.520.320.740.150.15-0.13-0.050.540.320.260.39-0.22
0.880.90.720.010.10.660.650.930.75-0.170.70.680.70.97-0.470.590.650.7-0.53-0.450.540.660.51-0.360.1
0.580.670.480.14-0.060.620.530.630.61-0.130.520.450.760.68-0.50.180.60.61-0.33-0.250.320.660.45-0.42-0.02
0.520.380.360.34-0.10.590.980.50.13-0.680.540.190.730.47-0.270.380.860.790.210.350.260.510.45-0.160.45
-0.03-0.08-0.350.460.34-0.33-0.22-0.080.010.28-0.16-0.1-0.29-0.430.980.12-0.42-0.460.40.390.39-0.36-0.42-0.16-0.08
0.12-0.050.150.17-0.490.590.350.05-0.18-0.880.62-0.20.480.1-0.140.320.510.510.090.3-0.220.1-0.020.45-0.08
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Challenger Account Relationship Matchups

Challenger fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.6B30.0B29.7B31.0B33.4B21.2B
Total Stockholder Equity3.2B3.8B4.0B4.2B3.9B2.4B
Accounts Payable1.6B1.7B726.2M854.6M1.2B1.2B
Cash661.9M989.4M733.1M593.4M573.2M855.6M
Long Term Debt7.7B6.3B1.6B5.8B1.5B1.4B
Short Term Investments8.3B11.9B26.3B27.6B30.0B31.5B
Total Liab25.3B26.2B25.7B26.8B29.5B15.0B
Common Stock2.4B2.5B2.5B2.5B2.6B1.7B
Retained Earnings922.9M1.5B1.6B1.7B1.4B729.1M
Other Assets4.5B4.0B4.2B86.3M(30.9B)(29.3B)
Other Liab13.6B14.5B14.6B20.7B23.8B25.0B
Short Long Term Debt Total13.4B10.8B10.0B10.4B7.1B8.4B
Other Current Liab1.6B3.1B4.1B4.3B3.8B4.0B
Total Current Liabilities8.8B9.3B9.1B9.6B10.6B5.5B
Property Plant And Equipment Net58.3M62.9M53.8M47.8M39.3M72.4M
Net Debt7.1B5.4B5.1B5.3B6.6B6.4B
Non Current Assets Total27.3B27.8B28.3B29.4B31.8B33.4B
Non Currrent Assets Other24.3B25.2B25.1B26.2B31.1B32.7B
Cash And Short Term Investments661.9M989.4M733.1M593.4M573.2M544.5M
Net Receivables731.8M913.4M1.2B1.1B1.2B1.9B
Liabilities And Stockholders Equity28.6B30.0B29.7B31.0B33.4B24.8B
Non Current Liabilities Total16.5B16.9B16.7B17.2B18.9B13.4B
Property Plant And Equipment Gross28.6M58.3M73.6M70.3M67.9M75.3M
Total Current Assets1.3B2.2B1.4B1.5B32.5B34.1B
Short Term Debt5.6B4.4B4.2B4.5B5.6B4.0B
Intangible Assets598M589.1M587.2M587.4M4.8M4.6M
Property Plant Equipment58.3M62.9M53.8M47.8M55.0M98.6M
Current Deferred Revenue1M48.1M66.5M1.07.4M7.8M
Inventory(1.4B)(1.9B)(1.9B)(1.7B)(31.7B)(30.2B)
Other Current Assets1.3B2.2B1.4B1.5B721.9M1.0B
Treasury Stock(96.8M)(61.6M)(47.1M)(36.9M)(42.4M)(44.6M)
Other Stockholder Equity(47.1M)(36.9M)(24M)(30.4M)(53.8M)(56.5M)
Net Tangible Assets2.7B3.2B3.4B3.6B4.1B2.9B
Long Term Investments12.6B10.3B74.9M81.9M86.6M82.3M
Short Long Term Debt5.6B4.4B4.2B4.5B5.6B4.7B
Long Term Debt Total7.8B6.4B5.8B5.9B5.3B5.2B

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