GreenPro Accounts Payable vs Capital Stock Analysis
GRNQ Stock | USD 1.01 0.02 1.94% |
GreenPro Capital financial indicator trend analysis is much more than just examining GreenPro Capital Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenPro Capital Corp is a good investment. Please check the relationship between GreenPro Capital Accounts Payable and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPro Capital 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.
Accounts Payable vs Capital Stock
Accounts Payable vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenPro Capital Corp Accounts Payable account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between GreenPro Capital's Accounts Payable and Capital Stock is 0.63. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Capital Stock in the same time period over historical financial statements of GreenPro Capital Corp, assuming nothing else is changed. The correlation between historical values of GreenPro Capital's Accounts Payable and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of GreenPro Capital Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Accounts Payable i.e., GreenPro Capital's Accounts Payable and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents GreenPro Capital obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of GreenPro Capital Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from GreenPro Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenPro Capital 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPro Capital 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. At this time, GreenPro Capital's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/19/2024, Enterprise Value Multiple is likely to grow to 5.66, while Selling General Administrative is likely to drop slightly above 3.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 2.9M | 3.7M | 3.5M | 3.4M | Depreciation And Amortization | 371.9K | 238.3K | 237.9K | 302.4K |
GreenPro Capital fundamental ratios Correlations
Click cells to compare fundamentals
GreenPro Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GreenPro Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.9M | 14.8M | 22.7M | 15.6M | 8.7M | 11.2M | |
Short Long Term Debt Total | 2.5M | 1.8M | 108.4K | 18.7K | 131.6K | 125.0K | |
Total Current Liabilities | 3.9M | 5.0M | 3.7M | 3.1M | 2.3M | 3.1M | |
Total Stockholder Equity | 3.2M | 8.2M | 18.8M | 12.3M | 6.0M | 7.0M | |
Net Debt | 1.4M | 851.3K | (5.2M) | (3.9M) | (1.9M) | (1.8M) | |
Retained Earnings | (13.2M) | (16.9M) | (31.3M) | (37.6M) | (36.5M) | (34.7M) | |
Cash | 1.1M | 913.8K | 5.3M | 3.9M | 2.2M | 2.0M | |
Cash And Short Term Investments | 1.1M | 913.8K | 5.3M | 3.9M | 2.2M | 2.0M | |
Common Stock Shares Outstanding | 5.5M | 5.7M | 6.9M | 7.9M | 7.7M | 6.7M | |
Liabilities And Stockholders Equity | 8.9M | 14.8M | 22.7M | 15.6M | 8.7M | 11.2M | |
Non Current Liabilities Total | 1.7M | 1.4M | 18.8K | 315.2K | 33.5K | 31.8K | |
Total Liab | 5.5M | 6.4M | 3.7M | 3.1M | 2.3M | 4.0M | |
Total Current Assets | 1.8M | 1.6M | 6.8M | 5.3M | 3.7M | 3.7M | |
Short Term Debt | 850.4K | 388.1K | 89.6K | 37.5K | 196.3K | 276.2K | |
Common Stock | 5.5K | 6.2K | 7.9K | 7.9K | 7.6K | 6.2K | |
Other Current Liab | 1.1M | 2.3M | 769.6K | (38.3K) | 291.1K | 276.6K | |
Net Tangible Assets | 4.1M | 2.8M | 7.9M | 18.5M | 21.2M | 22.3M | |
Property Plant And Equipment Net | 3.3M | 3.0M | 3.0M | 2.5M | 2.6M | 2.3M | |
Accounts Payable | 757.8K | 702.7K | 787.6K | 758.9K | 724.8K | 586.7K | |
Non Current Assets Total | 7.1M | 13.2M | 15.9M | 10.4M | 5.0M | 8.3M | |
Non Currrent Assets Other | 2.4M | 2.3M | 2.3M | 2.3M | 2.3M | 1.9M | |
Other Assets | 2.6M | 2.5M | 10.0M | 2.3M | 2.6M | 3.5M | |
Long Term Debt | 1.8M | 1.6M | 1.5M | 1.4M | 1.6M | 1.3M | |
Net Receivables | 221.5K | 253.8K | 1.2M | 435.3K | 795.8K | 467.5K | |
Retained Earnings Total Equity | (3.3M) | (11.8M) | (13.2M) | (16.9M) | (15.2M) | (14.5M) | |
Capital Surpluse | 8.5M | 16.4M | 16.4M | 25.1M | 28.9M | 30.4M | |
Other Current Assets | 320.0M | 444.5K | 1.4B | 980.1K | 627.3K | 595.9K | |
Other Stockholder Equity | 16.4M | 25.1M | 50.1M | 50.1M | 42.9M | 24.5M | |
Long Term Investments | 145.1K | 6.8M | 9.6M | 5.4M | 100.1K | 95.1K | |
Property Plant And Equipment Gross | 4.1M | 3.0M | 3.6M | 3.2M | 2.8M | 2.8M | |
Short Long Term Debt | 928.1K | 147.4K | 531.5K | 301.1K | 346.2K | 306.4K | |
Accumulated Other Comprehensive Income | (66.3K) | (95.2K) | (26.9K) | (224.9K) | (310.2K) | (294.7K) | |
Intangible Assets | 91.0K | 3.4K | 2.6K | 1.9K | 1.2K | 1.1K | |
Property Plant Equipment | 3.8M | 4.1M | 3.0M | 3.7M | 4.2M | 2.8M | |
Current Deferred Revenue | 1.2M | 1.6M | 2.0M | 1.8M | 1.1M | 1.2M | |
Noncontrolling Interest In Consolidated Entity | 83.3K | 230.1K | 186.7K | 203.0K | 233.5K | 181.2K | |
Long Term Debt Total | 1.8M | 1.6M | 1.5M | 1.4M | 1.6M | 1.4M |
Pair Trading with GreenPro Capital
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 GreenPro Capital 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 GreenPro Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenPro Stock
Moving against GreenPro Stock
0.56 | HY | Hyster Yale Materials | PairCorr |
0.52 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
0.46 | EH | Ehang Holdings | PairCorr |
0.41 | GP | GreenPower Motor | PairCorr |
0.4 | CP | Canadian Pacific Railway Sell-off Trend | PairCorr |
The ability to find closely correlated positions to GreenPro Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenPro Capital 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 GreenPro Capital - 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 GreenPro Capital Corp to buy it.
The correlation of GreenPro Capital 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 GreenPro Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenPro Capital 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 GreenPro Capital 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.Additional Tools for GreenPro Stock Analysis
When running GreenPro Capital's price analysis, check to measure GreenPro Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GreenPro Capital is operating at the current time. Most of GreenPro Capital's value examination focuses on studying past and present price action to predict the probability of GreenPro Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenPro Capital's price. Additionally, you may evaluate how the addition of GreenPro Capital to your portfolios can decrease your overall portfolio volatility.