Ceres Other Current Assets vs Short Term Investments Analysis
CRP Stock | CAD 3.28 0.01 0.30% |
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 Other Current Assets and its Short Term Investments 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.
Other Current Assets vs Short Term Investments
Other Current Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ceres Global Ag Other Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ceres Global's Other Current Assets and Short Term Investments is -0.32. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Term Investments 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 Other Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ceres Global Ag are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Assets i.e., Ceres Global's Other Current Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Short Term Investments
Short Term Investments is an item under the current assets section of Ceres Global balance sheet. It contains any investments Ceres Global Ag undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ceres Global Ag can easily liquidate in the marketplace.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 5th 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.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.