Goodfood Change In Cash vs Change To Inventory Analysis
FOOD Stock | CAD 0.45 0.01 2.27% |
Goodfood Market financial indicator trend analysis is much more than just examining Goodfood Market Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodfood Market Corp is a good investment. Please check the relationship between Goodfood Market Change In Cash and its Change To Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goodfood Market Corp. 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.
Change In Cash vs Change To Inventory
Change In Cash vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodfood Market Corp Change In Cash account and Change To Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Goodfood Market's Change In Cash and Change To Inventory is -0.73. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Goodfood Market Corp, assuming nothing else is changed. The correlation between historical values of Goodfood Market's Change In Cash and Change To 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 Change In Cash of Goodfood Market Corp are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Change In Cash i.e., Goodfood Market's Change In Cash and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Change In Cash
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most indicators from Goodfood Market's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodfood Market Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goodfood Market Corp. 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. As of the 2nd of December 2024, Selling General Administrative is likely to drop to about 60.3 K. In addition to that, Tax Provision is likely to drop to about (57.6 K)
2021 | 2022 | 2024 (projected) | Total Operating Expenses | 133.3M | 76.2M | 60.3K | Cost Of Revenue | 200.5M | 103.2M | 117.5M |
Goodfood Market fundamental ratios Correlations
Click cells to compare fundamentals
Goodfood Market Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodfood Market fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 80.8M | 163.0M | 255.3M | 129.8M | 57.8M | 153.3K | |
Short Long Term Debt Total | 59.2M | 100.1M | 108.4M | 59.2M | 68.0M | 43.8M | |
Other Current Liab | 14.8M | 22.1M | 10.3M | 1.0 | 1.15 | 1.09 | |
Total Current Liabilities | 39.5M | 59.0M | 63.4M | 52.8M | 29.0M | 101.8K | |
Total Stockholder Equity | 17.4M | 57.6M | 97.9M | (11.2M) | (23.4M) | 51.5K | |
Net Tangible Assets | 16.9M | 55.4M | 95.8M | (14.4M) | (16.5M) | (15.7M) | |
Property Plant And Equipment Net | 40.3M | 102.5M | 73.8M | 22.0M | 25.3M | 33.2M | |
Current Deferred Revenue | 5.4M | 5.1M | 5.5M | 4.1M | 4.7M | 3.6M | |
Net Debt | (45.2M) | (25.5M) | 71.5M | 34.2M | 39.4M | 41.3M | |
Retained Earnings | (41.5M) | (45.7M) | (79.0M) | (200.7M) | (217.2M) | (765.4K) | |
Accounts Payable | 24.0M | 26.1M | 30.1M | 16.8M | 18.0M | 8.1K | |
Cash | 45.1M | 104.4M | 125.5M | 36.9M | 24.9M | 153.3K | |
Non Current Assets Total | 6.4M | 28.0M | 46.4M | 108.7M | 77.7M | 25.1M | |
Other Assets | 2.9M | 3.9M | 4.1M | 650K | 747.5K | 710.1K | |
Long Term Debt | 26.2M | 26.3M | 27.5M | 41.8M | 48.0M | 50.4M | |
Cash And Short Term Investments | 104.4M | 125.5M | 36.9M | 24.9M | 28.7M | 46.4M | |
Net Receivables | 4.5M | 6.0M | 3.6M | 4.1M | 4.8M | 2.9M | |
Common Stock Shares Outstanding | 58.9M | 70.7M | 75.0M | 76.1M | 87.5M | 51.1M | |
Liabilities And Stockholders Equity | 163.0M | 255.3M | 129.8M | 57.8M | 66.5M | 90.9M | |
Non Current Liabilities Total | 3.0M | 23.9M | 46.5M | 94.0M | 88.2M | 52.3M | |
Inventory | 7.0M | 14.3M | 6.9M | 3.3M | 3.8M | 4.7M | |
Other Current Assets | 780K | 709K | 4.8M | 366K | 420.9K | 399.9K | |
Total Liab | 63.4M | 105.5M | 157.4M | 141.0M | 81.3M | 101.8K | |
Short Long Term Debt | 9.7M | 651K | 11.7M | 4.0M | 4.6M | 3.5M | |
Total Current Assets | 52.7M | 116.6M | 146.5M | 52.2M | 32.7M | 153.3K | |
Accumulated Other Comprehensive Income | 2.2M | 843K | 5.2M | 5.4M | 6.2M | 6.5M | |
Short Term Debt | 12.7M | 6.1M | 20.2M | 6.9M | 7.9M | 6.1M | |
Common Stock | 97.8M | 170.1M | 173.8M | 180.4M | 207.4M | 217.8M | |
Property Plant Equipment | 24.6M | 40.3M | 102.5M | 73.8M | 84.9M | 89.1M | |
Non Currrent Assets Other | 349.1K | 2.9M | 3.9M | 4.1M | 650K | 312K | |
Long Term Debt Total | 23.9M | 46.5M | 94.0M | 88.2M | 101.4M | 106.5M | |
Capital Surpluse | 2.3M | 3.2M | 5.9M | 10.6M | 12.2M | 12.8M | |
Property Plant And Equipment Gross | 40.3M | 110.5M | 127.1M | 73.1M | 84.1M | 52.8M | |
Cash And Equivalents | 45.1M | 104.4M | 125.5M | 36.9M | 42.4M | 55.7M | |
Intangible Assets | 2.2M | 2.1M | 3.2M | 2.8M | 3.2M | 3.4M | |
Other Stockholder Equity | 3.2M | 5.9M | 15.8M | 13.4M | 15.4M | 16.2M | |
Net Invested Capital | 93.4M | 124.8M | 28.0M | 22.3M | 25.7M | 24.4M | |
Net Working Capital | 57.6M | 83.1M | (619K) | 3.7M | 4.3M | 4.1M |
Pair Trading with Goodfood Market
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 Goodfood Market 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 Goodfood Market will appreciate offsetting losses from the drop in the long position's value.Moving together with Goodfood Stock
0.84 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
0.64 | RY | Royal Bank Earnings Call This Week | PairCorr |
0.78 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
0.75 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Goodfood Stock
0.45 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Goodfood Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfood Market 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 Goodfood Market - 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 Goodfood Market Corp to buy it.
The correlation of Goodfood Market 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 Goodfood Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfood Market Corp 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 Goodfood Market 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 Goodfood Stock
Balance Sheet is a snapshot of the financial position of Goodfood Market Corp at a specified time, usually calculated after every quarter, six months, or one year. Goodfood Market Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goodfood Market 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 Goodfood currently owns. An asset can also be divided into two categories, current and non-current.