Goeasy Other Stockholder Equity vs Inventory Analysis
GSY Stock | CAD 170.87 3.16 1.82% |
Goeasy financial indicator trend analysis is much more than just examining goeasy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether goeasy is a good investment. Please check the relationship between Goeasy Other Stockholder Equity and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in goeasy. 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 Stockholder Equity vs Inventory
Other Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of goeasy Other Stockholder Equity account and Inventory. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Goeasy's Other Stockholder Equity and Inventory is 0.19. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of goeasy, assuming nothing else is changed. The correlation between historical values of Goeasy's Other Stockholder Equity 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 Other Stockholder Equity of goeasy 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 Other Stockholder Equity i.e., Goeasy's Other Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Stockholder Equity
Inventory
Most indicators from Goeasy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into goeasy 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 goeasy. 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, Goeasy's Tax Provision is very stable compared to the past year. As of the 3rd of December 2024, Issuance Of Capital Stock is likely to grow to about 62.8 M, while Selling General Administrative is likely to drop about 55 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 622.0M | 795.9M | 851.6M | 894.2M | Total Revenue | 826.7M | 1.0B | 1.3B | 1.3B |
Goeasy fundamental ratios Correlations
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Goeasy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goeasy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3B | 1.5B | 2.6B | 3.3B | 4.2B | 4.4B | |
Short Long Term Debt Total | 911.7M | 941.7M | 1.6B | 2.3B | 2.9B | 3.0B | |
Other Current Liab | (173.0M) | (271.5M) | (104.5M) | (238.6M) | (97.1M) | (92.2M) | |
Total Current Liabilities | 165.0M | 278.2M | 115.2M | 253.6M | 12.9M | 12.2M | |
Total Stockholder Equity | 332.4M | 443.5M | 789.9M | 869.7M | 1.1B | 1.1B | |
Property Plant And Equipment Net | 117.9M | 127.0M | 139.6M | 150.1M | 142.6M | 74.3M | |
Net Debt | 865.4M | 878.7M | 1.5B | 2.3B | 2.8B | 2.9B | |
Retained Earnings | 171.1M | 247.3M | 395.2M | 426.4M | 610.7M | 641.2M | |
Accounts Payable | 45.7M | 48.7M | 65.3M | 61.3M | 85.3M | 89.5M | |
Non Current Assets Total | 227.9M | 248.5M | 581.6M | 609.6M | 582.1M | 611.2M | |
Non Currrent Assets Other | 21.7M | 14.8M | (2.6B) | (3.2B) | 72.2M | 75.9M | |
Net Receivables | 1.0B | 1.1B | 1.9B | 2.6B | 3.5B | 3.7B | |
Common Stock Shares Outstanding | 16.1M | 15.8M | 16.8M | 16.6M | 17.1M | 11.2M | |
Liabilities And Stockholders Equity | 1.3B | 1.5B | 2.6B | 3.3B | 4.2B | 4.4B | |
Non Current Liabilities Total | 821.2M | 780.2M | 1.7B | 2.2B | 3.1B | 3.3B | |
Other Current Assets | 7.1M | 13.0M | 8.0M | 8.3M | 33.7M | 35.3M | |
Other Stockholder Equity | (150.8M) | (227.6M) | 22.6M | (404.9M) | 24.8M | 26.1M | |
Total Liab | 986.2M | 1.1B | 1.8B | 2.4B | 3.1B | 3.3B | |
Property Plant And Equipment Gross | 117.9M | 127.0M | 174.6M | 203.5M | 204.9M | 215.2M | |
Total Current Assets | 1.1B | 1.3B | 2.0B | 2.7B | 3.6B | 3.8B | |
Accumulated Other Comprehensive Income | (915K) | (5.3M) | 8.6M | 2.8M | (9.7M) | (10.2M) | |
Short Term Debt | 115M | 198.3M | 292.8M | 148.6M | 2.8B | 3.0B | |
Cash | 46.3M | 63.0M | 82.9M | 32.5M | 120.4M | 126.4M | |
Cash And Short Term Investments | 46.3M | 63.0M | 82.9M | 32.5M | 144.6M | 151.8M | |
Intangible Assets | 17.7M | 25.2M | 159.7M | 138.8M | 124.9M | 131.2M | |
Current Deferred Revenue | 8.1M | 10.6M | 11.4M | 28.7M | 27.0M | 28.3M | |
Common Stock Total Equity | 85.9M | 138.1M | 142.0M | 181.8M | 209.0M | 114.1M | |
Common Stock | 142.0M | 181.8M | 363.5M | 419.0M | 428.3M | 449.7M | |
Other Liab | 8.1M | 10.6M | 50.0M | 53.4M | 61.4M | 64.4M | |
Net Tangible Assets | 293.4M | 397.0M | 449.3M | 550.0M | 632.5M | 664.1M | |
Other Assets | 64.8M | 53.6M | 47.2M | 48.4M | 43.6M | 47.7M | |
Long Term Debt | 744.1M | 689.4M | 1.1B | 2.1B | 2.8B | 3.0B | |
Property Plant Equipment | 69.2M | 77.7M | 92.4M | 150.1M | 172.6M | 181.2M | |
Long Term Debt Total | 796.7M | 743.3M | 1.2B | 2.2B | 2.5B | 2.6B | |
Capital Surpluse | 20.3M | 19.7M | 22.6M | 21.5M | 24.7M | 18.6M | |
Net Invested Capital | 1.2B | 1.3B | 2.3B | 3.1B | 3.9B | 2.1B | |
Net Working Capital | 926.8M | 975.4M | 1.6B | 2.4B | 3.4B | 3.6B |
Pair Trading with Goeasy
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 Goeasy 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 Goeasy will appreciate offsetting losses from the drop in the long position's value.Moving against Goeasy Stock
0.57 | FFH-PD | Fairfax Financial | PairCorr |
0.53 | FFH-PF | Fairfax Financial | PairCorr |
0.52 | FFH | Fairfax Financial | PairCorr |
0.52 | FFH-PH | Fairfax Financial | PairCorr |
0.52 | FFH-PE | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy 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 Goeasy - 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 goeasy to buy it.
The correlation of Goeasy 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 Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy 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 Goeasy 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 Goeasy Stock
Balance Sheet is a snapshot of the financial position of goeasy at a specified time, usually calculated after every quarter, six months, or one year. Goeasy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goeasy 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 Goeasy currently owns. An asset can also be divided into two categories, current and non-current.