Glacier Change In Working Capital vs Change To Netincome Analysis

GVC Stock  CAD 0.16  0.01  6.67%   
Glacier Media financial indicator trend analysis is much more than just examining Glacier Media latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glacier Media is a good investment. Please check the relationship between Glacier Media Change In Working Capital and its Change To Netincome accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glacier Media. 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 Working Capital vs Change To Netincome

Change In Working Capital vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Glacier Media Change In Working Capital account and Change To Netincome. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Glacier Media's Change In Working Capital and Change To Netincome is 0.41. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Glacier Media, assuming nothing else is changed. The correlation between historical values of Glacier Media's Change In Working Capital and Change To Netincome 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 Working Capital of Glacier Media are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Change In Working Capital i.e., Glacier Media's Change In Working Capital and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change To Netincome

Most indicators from Glacier Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glacier Media 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 Glacier Media. 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 6th of January 2025, Tax Provision is likely to grow to about 53.5 M, while Selling General Administrative is likely to drop about 33.3 M.
 2022 2023 2024 2025 (projected)
Gross Profit47.3M28.0M32.2M54.1M
Total Revenue176.0M154.9M178.2M166.3M

Glacier Media fundamental ratios Correlations

0.630.860.940.860.770.850.11.0-0.350.10.030.890.460.110.920.880.880.930.910.830.530.510.90.960.94
0.630.890.620.370.180.430.360.60.090.360.720.480.25-0.020.610.80.380.670.820.470.580.540.40.630.47
0.860.890.790.660.420.730.290.83-0.160.290.480.780.310.090.870.920.680.850.970.680.660.70.670.860.72
0.940.620.790.810.850.870.20.93-0.160.20.050.750.440.130.790.870.850.90.860.890.540.330.90.860.92
0.860.370.660.810.80.78-0.30.88-0.46-0.3-0.240.910.370.280.880.620.990.760.760.850.230.480.90.830.9
0.770.180.420.850.80.77-0.070.78-0.39-0.07-0.440.650.510.090.620.570.840.670.530.80.230.140.890.640.91
0.850.430.730.870.780.770.30.83-0.20.3-0.030.750.310.060.780.810.840.80.780.890.60.370.830.80.83
0.10.360.290.2-0.3-0.070.30.060.461.00.54-0.16-0.07-0.16-0.050.43-0.210.240.190.070.72-0.06-0.030.11-0.04
1.00.60.830.930.880.780.830.06-0.370.06-0.010.910.450.120.930.850.90.930.90.820.50.50.910.960.94
-0.350.09-0.16-0.16-0.46-0.39-0.20.46-0.370.460.5-0.61-0.40.12-0.52-0.08-0.44-0.18-0.14-0.10.09-0.57-0.46-0.31-0.52
0.10.360.290.2-0.3-0.070.31.00.060.460.54-0.16-0.07-0.16-0.050.43-0.210.240.190.070.72-0.06-0.030.11-0.04
0.030.720.480.05-0.24-0.44-0.030.54-0.010.50.54-0.07-0.260.00.070.33-0.230.190.36-0.080.530.29-0.20.12-0.19
0.890.480.780.750.910.650.75-0.160.91-0.61-0.16-0.070.360.190.990.680.910.820.820.690.410.730.870.910.88
0.460.250.310.440.370.510.31-0.070.45-0.4-0.07-0.260.36-0.230.360.520.380.290.270.440.050.310.350.320.56
0.11-0.020.090.130.280.090.06-0.160.120.12-0.160.00.19-0.230.170.030.260.110.180.21-0.070.130.160.140.08
0.920.610.870.790.880.620.78-0.050.93-0.52-0.050.070.990.360.170.770.890.860.890.720.50.750.860.930.88
0.880.80.920.870.620.570.810.430.85-0.080.430.330.680.520.030.770.670.810.910.790.650.520.660.810.76
0.880.380.680.850.990.840.84-0.210.9-0.44-0.21-0.230.910.380.260.890.670.80.780.880.30.470.930.850.93
0.930.670.850.90.760.670.80.240.93-0.180.240.190.820.290.110.860.810.80.870.740.710.460.880.950.84
0.910.820.970.860.760.530.780.190.9-0.140.190.360.820.270.180.890.910.780.870.780.560.60.730.90.77
0.830.470.680.890.850.80.890.070.82-0.10.07-0.080.690.440.210.720.790.880.740.780.370.250.780.750.83
0.530.580.660.540.230.230.60.720.50.090.720.530.410.05-0.070.50.650.30.710.560.370.370.460.590.41
0.510.540.70.330.480.140.37-0.060.5-0.57-0.060.290.730.310.130.750.520.470.460.60.250.370.430.530.49
0.90.40.670.90.90.890.83-0.030.91-0.46-0.03-0.20.870.350.160.860.660.930.880.730.780.460.430.860.96
0.960.630.860.860.830.640.80.110.96-0.310.110.120.910.320.140.930.810.850.950.90.750.590.530.860.85
0.940.470.720.920.90.910.83-0.040.94-0.52-0.04-0.190.880.560.080.880.760.930.840.770.830.410.490.960.85
Click cells to compare fundamentals

Glacier Media Account Relationship Matchups

Glacier Media fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets263.1M271.1M237.6M172.2M198.0M301.7M
Other Current Liab34.8M25.6M26.1M27.6M31.7M19.5M
Total Current Liabilities50.9M47.0M47.8M47.8M54.9M41.5M
Total Stockholder Equity170.8M178.5M150.9M55.8M64.1M60.9M
Net Debt(1.9M)(2.8M)(1.8M)8.3M9.5M9.0M
Retained Earnings(70.7M)(67.3M)(97.4M)(193.2M)(173.9M)(165.2M)
Accounts Payable2.7M7.0M6.4M1.2M1.4M1.3M
Cash14.3M21.7M19.6M6.6M7.5M7.2M
Non Current Assets Total205.1M208.5M177.9M131.1M150.7M256.9M
Non Currrent Assets Other31.6M39.3M34.4M7.1M8.1M7.7M
Cash And Short Term Investments14.3M21.7M19.6M6.6M7.5M7.2M
Common Stock Shares Outstanding125.2M130.9M132.6M131.2M150.9M82.0M
Liabilities And Stockholders Equity263.1M271.1M237.6M172.2M198.0M301.7M
Non Current Liabilities Total20.0M27.7M22.8M59.5M68.4M73.1M
Other Current Assets3.6M2.5M2.7M2.2M2.5M4.7M
Other Stockholder Equity20.0M21.1M24.1M24.7M28.4M26.9M
Total Liab70.8M74.7M70.5M107.3M123.4M114.5M
Total Current Assets58.0M62.6M59.7M41.1M47.3M44.8M
Short Long Term Debt Total12.3M19.0M17.8M14.8M17.0M16.2M
Property Plant And Equipment Net36.1M42.0M39.3M26.2M30.1M34.1M
Net Receivables38.0M35.7M34.3M32.0M36.9M32.7M
Inventory2.2M2.7M3.1M317K364.6K346.3K
Property Plant And Equipment Gross36.1M95.8M80.0M51.2M58.9M39.3M
Short Term Debt3.3M3.5M3.6M10.1M11.6M6.0M
Intangible Assets43.8M41.4M37.5M28.2M25.4M24.1M
Accumulated Other Comprehensive Income(339K)(270K)(258K)(88K)(79.2K)(75.2K)
Current Deferred Revenue10.0M10.8M11.6M8.9M10.3M13.8M
Good Will38.5M35.7M27.1M21.5M19.4M18.4M
Other Liab3.1M10.9M12.2M8.6M7.7M8.8M
Net Tangible Assets90.1M88.5M101.4M86.3M99.3M66.9M
Other Assets40.1M35.5M44.7M47.6M54.7M31.1M
Long Term Debt18.1M2.3M7.6M7.2M6.4M6.1M
Long Term Investments51.2M44.6M26.3M26.5M23.8M22.6M
Short Long Term Debt338K451K456K7.2M6.4M10.1M
Property Plant Equipment41.9M36.1M42.0M39.3M35.4M30.0M
Long Term Debt Total27.3M9.0M15.4M14.1M12.7M12.1M
Non Current Liabilities Other10M11.4M7.8M6.9M7.9M6.1M
Cash And Equivalents5.1M14.3M21.7M19.6M22.6M23.7M

Pair Trading with Glacier Media

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 Glacier Media 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 Glacier Media will appreciate offsetting losses from the drop in the long position's value.

Moving against Glacier Stock

  0.51RCI-A Rogers CommunicationsPairCorr
  0.42CCL-A CCL IndustriesPairCorr
The ability to find closely correlated positions to Glacier Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glacier Media 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 Glacier Media - 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 Glacier Media to buy it.
The correlation of Glacier Media 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 Glacier Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glacier Media 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 Glacier Media 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Glacier Stock

Balance Sheet is a snapshot of the financial position of Glacier Media at a specified time, usually calculated after every quarter, six months, or one year. Glacier Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Glacier Media 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 Glacier currently owns. An asset can also be divided into two categories, current and non-current.