Century Long Term Investments vs Total Current Liabilities Analysis

CNT Stock  CAD 0.03  0.00  0.00%   
Century Global financial indicator trend analysis is way more than just evaluating Century Global Commo prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Global Commo is a good investment. Please check the relationship between Century Global Long Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Global Commodities. 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.

Long Term Investments vs Total Current Liabilities

Long Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Century Global Commo Long Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
Long Term InvestmentsTotal Current LiabilitiesDiversified AwayLong Term InvestmentsTotal Current LiabilitiesDiversified Away100%
The correlation between Century Global's Long Term Investments and Total Current Liabilities is 0.02. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Century Global Commodities, assuming nothing else is changed. The correlation between historical values of Century Global's Long Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Century Global Commodities are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Investments i.e., Century Global's Long Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

Long Term Investments

Long Term Investments is an item on the asset side of Century Global balance sheet that represents investments Century Global Commo intends to hold for over a year. Century Global Commodities long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Current Liabilities

Total Current Liabilities is an item on Century Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Century Global Commodities are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Century Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Global Commo 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 Century Global Commodities. 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, Century Global's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 48.8 K, while Issuance Of Capital Stock is likely to drop about 169.5 K.
 2021 2022 2023 2024 (projected)
Gross Profit2.2M3.2M2.7M3.9M
Total Revenue8.7M11.3M12.8M9.0M

Century Global fundamental ratios Correlations

0.99-0.770.760.770.840.730.30.280.340.440.88-0.460.40.880.570.54-0.790.750.120.55-0.66-0.150.74-0.320.75
0.99-0.750.790.750.870.710.30.30.290.390.88-0.470.360.850.550.53-0.80.790.110.53-0.67-0.260.76-0.30.76
-0.77-0.75-0.6-1.0-0.4-0.98-0.17-0.07-0.81-0.8-0.930.49-0.29-0.72-0.59-0.570.66-0.31-0.47-0.580.640.27-0.680.26-0.67
0.760.79-0.60.60.730.52-0.350.120.230.220.62-0.720.010.670.870.86-0.980.680.550.85-0.95-0.370.99-0.440.99
0.770.75-1.00.60.390.980.180.070.810.80.93-0.480.290.720.590.57-0.660.30.470.58-0.64-0.270.67-0.260.67
0.840.87-0.40.730.390.320.20.38-0.17-0.040.55-0.330.230.660.390.35-0.740.82-0.140.38-0.52-0.170.65-0.30.67
0.730.71-0.980.520.980.320.250.010.820.790.94-0.470.260.660.510.49-0.560.270.420.49-0.56-0.270.59-0.10.59
0.30.3-0.17-0.350.180.20.250.20.020.180.360.350.470.23-0.53-0.560.30.2-0.71-0.520.460.12-0.380.25-0.37
0.280.3-0.070.120.070.380.010.2-0.10.050.180.40.320.16-0.130.02-0.060.36-0.21-0.16-0.04-0.170.08-0.260.12
0.340.29-0.810.230.81-0.170.820.02-0.10.940.63-0.310.280.440.470.49-0.28-0.170.640.47-0.42-0.160.35-0.190.34
0.440.39-0.80.220.8-0.040.790.180.050.940.66-0.150.590.630.460.48-0.29-0.10.490.47-0.39-0.180.32-0.350.32
0.880.88-0.930.620.930.550.940.360.180.630.66-0.470.30.760.480.48-0.640.570.260.46-0.6-0.30.65-0.130.65
-0.46-0.470.49-0.72-0.48-0.33-0.470.350.4-0.31-0.15-0.470.34-0.35-0.73-0.650.71-0.43-0.62-0.730.760.26-0.75-0.05-0.7
0.40.36-0.290.010.290.230.260.470.320.280.590.30.340.690.120.13-0.070.05-0.180.14-0.030.040.0-0.50.02
0.880.85-0.720.670.720.660.660.230.160.440.630.76-0.350.690.650.62-0.720.520.210.65-0.64-0.150.66-0.520.66
0.570.55-0.590.870.590.390.51-0.53-0.130.470.460.48-0.730.120.650.97-0.880.330.811.0-0.96-0.30.9-0.530.89
0.540.53-0.570.860.570.350.49-0.560.020.490.480.48-0.650.130.620.97-0.840.340.830.97-0.96-0.320.89-0.580.89
-0.79-0.80.66-0.98-0.66-0.74-0.560.3-0.06-0.28-0.29-0.640.71-0.07-0.72-0.88-0.84-0.6-0.53-0.860.930.33-0.980.5-0.98
0.750.79-0.310.680.30.820.270.20.36-0.17-0.10.57-0.430.050.520.330.34-0.6-0.080.3-0.52-0.280.59-0.110.58
0.120.11-0.470.550.47-0.140.42-0.71-0.210.640.490.26-0.62-0.180.210.810.83-0.53-0.080.8-0.76-0.350.65-0.320.62
0.550.53-0.580.850.580.380.49-0.52-0.160.470.470.46-0.730.140.651.00.97-0.860.30.8-0.94-0.30.88-0.530.87
-0.66-0.670.64-0.95-0.64-0.52-0.560.46-0.04-0.42-0.39-0.60.76-0.03-0.64-0.96-0.960.93-0.52-0.76-0.940.42-0.970.45-0.96
-0.15-0.260.27-0.37-0.27-0.17-0.270.12-0.17-0.16-0.18-0.30.260.04-0.15-0.3-0.320.33-0.28-0.35-0.30.42-0.410.07-0.39
0.740.76-0.680.990.670.650.59-0.380.080.350.320.65-0.750.00.660.90.89-0.980.590.650.88-0.97-0.41-0.430.99
-0.32-0.30.26-0.44-0.26-0.3-0.10.25-0.26-0.19-0.35-0.13-0.05-0.5-0.52-0.53-0.580.5-0.11-0.32-0.530.450.07-0.43-0.48
0.750.76-0.670.990.670.670.59-0.370.120.340.320.65-0.70.020.660.890.89-0.980.580.620.87-0.96-0.390.99-0.48
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Century Global Account Relationship Matchups

Century Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets27.8M25.4M24.3M23.0M22.2M43.8M
Total Stockholder Equity23.4M22.6M20.9M18.9M17.3M16.4M
Net Debt(2.2M)(5.4M)(3.8M)(2.0M)(2.4M)(2.5M)
Retained Earnings(97.7M)(99.0M)(101.6M)(103.4M)(105.2M)(99.9M)
Cash2.6M5.5M4.2M2.2M2.6M2.4M
Other Assets7.7M1.0M992.0K913.6K1.00.95
Cash And Short Term Investments3.9M13.2M10.3M6.5M5.0M4.7M
Common Stock Shares Outstanding113.2M113.2M98.5M113.2M112.6M98.1M
Liabilities And Stockholders Equity27.8M25.4M24.3M23.0M22.2M43.8M
Other Current Assets3.2M220.6K302.2K193.4K227.3K215.9K
Other Stockholder Equity4.9M3.1M6.5M4.3M5.4M8.6M
Total Liab3.8M2.6M2.6M3.3M4.1M2.4M
Total Current Assets12.2M17.0M13.8M11.6M10.1M9.6M
Other Current Liab2.8M1.3M1.7M956.5K1.9M1.3M
Total Current Liabilities3.7M2.6M2.5M3.2M4.0M2.6M
Accounts Payable622.3K305.0K562.8K1.3M1.8M935.6K
Property Plant And Equipment Net488.7K7.2M9.5M10.5M11.2M12.0M
Non Current Assets Total15.6M8.3M10.5M11.4M12.1M14.6M
Non Currrent Assets Other7.6M951.1K944.6K913.6K840.3K882.3K
Net Receivables3.1M1.9M1.9M2.3M2.1M2.0M
Non Current Liabilities Total154.9K9.0K171.2K64.7K85.8K81.5K
Property Plant And Equipment Gross488.7K9.6M11.9M12.9M13.4M12.5M
Accumulated Other Comprehensive Income(882.4K)(618.3K)(1.0M)(1.4M)773.9K812.6K
Inventory2.0M1.6M1.3M2.5M2.8M2.9M
Net Tangible Assets23.4M22.6M20.9M18.9M17.0M16.2M
Short Term Investments1.3M7.7M6.1M4.3M2.4M4.2M
Long Term Investments7.5M75.3K62.2K67.4K67.4K64.1K
Property Plant Equipment488.7K7.2M9.5M10.5M9.4M7.1M
Long Term Debt Total154.9K9.0K171.3K64.7K74.4K48.9K
Capital Surpluse3.1M3.3M3.1M4.3M5.0M3.7M
Short Term Debt260.7K143.7K207.9K109.5K116.9K111.0K
Net Invested Capital23.4M22.6M20.9M18.9M17.3M18.9M
Net Working Capital8.6M14.5M11.3M8.4M6.1M10.4M

Pair Trading with Century Global

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 Century Global 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 Century Global will appreciate offsetting losses from the drop in the long position's value.

Moving against Century Stock

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The ability to find closely correlated positions to Century Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Global 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 Century Global - 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 Century Global Commodities to buy it.
The correlation of Century Global 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 Century Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Global Commo 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 Century Global 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 CorrelationCorrelation Matching

Other Information on Investing in Century Stock

Balance Sheet is a snapshot of the financial position of Century Global Commo at a specified time, usually calculated after every quarter, six months, or one year. Century Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Century Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Century currently owns. An asset can also be divided into two categories, current and non-current.

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