Ceres Cash vs Inventory Analysis
CRP Stock | CAD 3.20 0.08 2.44% |
Ceres Global financial indicator trend analysis is way more than just evaluating Ceres Global Ag prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ceres Global Ag is a good investment. Please check the relationship between Ceres Global Cash and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ceres Global Ag. 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.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ceres Global Ag Cash account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ceres Global's Cash and Inventory is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Ceres Global Ag, assuming nothing else is changed. The correlation between historical values of Ceres Global's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Ceres Global Ag are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Ceres Global's Cash and Inventory go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Ceres Global Ag, which is listed under current asset account on Ceres Global Ag balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ceres Global customers. The amounts must be unrestricted with restricted cash listed in a different Ceres Global account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Inventory
Most indicators from Ceres Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ceres Global Ag 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 Ceres Global Ag. 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, Ceres Global's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 6th of December 2024, Enterprise Value is likely to grow to about 179.9 M, while Selling General Administrative is likely to drop about 7.6 M.
Ceres Global fundamental ratios Correlations
Click cells to compare fundamentals
Ceres Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ceres Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 255.0M | 338.6M | 333.9M | 263.6M | 259.4M | 259.2M | |
Total Stockholder Equity | 145.0M | 156.9M | 149.5M | 142.7M | 151.0M | 153.6M | |
Retained Earnings | (37.3M) | (25.3M) | (34.1M) | (42.0M) | (32.6M) | (26.3M) | |
Other Assets | 18K | 9.7M | 3.1M | (182K) | (163.8K) | (155.6K) | |
Cash And Short Term Investments | 1.4M | 5.0M | 18.0M | 6.8M | 4.6M | 7.7M | |
Net Receivables | 34.3M | 43.8M | 52.3M | 37.1M | 47.4M | 15.9M | |
Common Stock Shares Outstanding | 31.8M | 32.7M | 30.8M | 31.1M | 32.0M | 24.6M | |
Short Term Investments | 739K | 809K | 779K | 784K | 1.9M | 1.8M | |
Liabilities And Stockholders Equity | 255.0M | 338.6M | 333.9M | 263.6M | 259.4M | 266.3M | |
Other Stockholder Equity | 8.9M | 8.8M | 7.0M | 7.0M | 1.2M | 18.2M | |
Total Liab | 110.0M | 181.7M | 184.4M | 121.0M | 108.4M | 105.6M | |
Total Current Assets | 127.1M | 188.5M | 189.4M | 122.6M | 129.8M | 144.9M | |
Short Term Debt | 32.3M | 82.8M | 57.5M | 21.5M | 18.7M | 57.2M | |
Other Current Liab | 5.8M | 25.1M | 24.7M | 11.4M | 18.2M | 13.5M | |
Total Current Liabilities | 76.1M | 149.3M | 135.4M | 77.6M | 67.5M | 85.3M | |
Net Debt | 63.7M | 109.3M | 88.1M | 57.3M | 55.4M | 61.5M | |
Cash | 696K | 4.2M | 17.2M | 6.0M | 2.7M | 2.6M | |
Inventory | 81.1M | 112.0M | 66.5M | 57.7M | 39.0M | 112.6M | |
Other Current Assets | 10.3M | 27.7M | 52.5M | 20.9M | 38.9M | 3.8M | |
Short Long Term Debt Total | 64.4M | 113.5M | 105.3M | 63.4M | 58.1M | 62.1M | |
Property Plant And Equipment Net | 113.8M | 118.5M | 108.7M | 103.7M | 92.9M | 103.2M | |
Non Current Assets Total | 127.9M | 150.1M | 144.5M | 141.2M | 129.6M | 120.3M | |
Non Currrent Assets Other | 450K | 18K | 29K | 60K | 54K | 51.3K | |
Non Current Liabilities Total | 33.9M | 32.3M | 49.1M | 43.3M | 40.9M | 27.6M | |
Property Plant And Equipment Gross | 113.8M | 151.3M | 146.5M | 147.2M | 138.7M | 115.8M | |
Accounts Payable | 38.1M | 41.5M | 53.2M | 44.7M | 30.7M | 27.5M | |
Intangible Assets | 2.7M | 2.3M | 1.9M | 1.7M | 1.4M | 287.8K | |
Other Liab | 1.7M | 1.6M | 1.3M | 1.5M | 1.7M | 1.2M | |
Net Tangible Assets | 137.6M | 149.9M | 142.9M | 136.3M | 122.7M | 120.2M | |
Long Term Investments | 6.7M | 14.9M | 26.1M | 26.6M | 27.7M | 29.1M | |
Short Long Term Debt | 31.7M | 82.1M | 57.0M | 21.0M | 18.1M | 35.0M | |
Property Plant Equipment | 113.8M | 118.5M | 108.7M | 103.5M | 111.2M | 116.9M | |
Long Term Debt | 29.7M | 27.6M | 45.2M | 39.8M | 37.5M | 20.4M | |
Long Term Debt Total | 32.2M | 30.7M | 47.8M | 41.8M | 20.4M | 27.5M | |
Capital Surpluse | 7.2M | 7.0M | 7.0M | 7.0M | 7.0M | 6.5M |
Pair Trading with Ceres 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 Ceres 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 Ceres Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Ceres Stock
The ability to find closely correlated positions to Ceres 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 Ceres 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 Ceres 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 Ceres Global Ag to buy it.
The correlation of Ceres 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 Ceres Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ceres Global Ag 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 Ceres 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.Other Information on Investing in Ceres Stock
Balance Sheet is a snapshot of the financial position of Ceres Global Ag at a specified time, usually calculated after every quarter, six months, or one year. Ceres Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ceres 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 Ceres currently owns. An asset can also be divided into two categories, current and non-current.