Jamieson Non Current Liabilities Total vs Other Current Liab Analysis

JWEL Stock  CAD 36.28  0.15  0.41%   
Jamieson Wellness financial indicator trend analysis is infinitely more than just investigating Jamieson Wellness recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jamieson Wellness is a good investment. Please check the relationship between Jamieson Wellness Non Current Liabilities Total and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jamieson Wellness. 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.

Non Current Liabilities Total vs Other Current Liab

Non Current Liabilities Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jamieson Wellness Non Current Liabilities Total account and Other Current Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Jamieson Wellness' Non Current Liabilities Total and Other Current Liab is 0.11. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Jamieson Wellness, assuming nothing else is changed. The correlation between historical values of Jamieson Wellness' Non Current Liabilities Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Jamieson Wellness are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Liabilities Total i.e., Jamieson Wellness' Non Current Liabilities Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Current Liabilities Total

Other Current Liab

Most indicators from Jamieson Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jamieson Wellness 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 Jamieson Wellness. 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, Jamieson Wellness' Issuance Of Capital Stock is very stable compared to the past year. As of the 2nd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.23, while Selling General Administrative is likely to drop about 85 M.
 2021 2022 2023 2024 (projected)
Interest Expense5.7M12.4M22.8M23.9M
Depreciation And Amortization14.3M17.2M20.3M12.0M

Jamieson Wellness fundamental ratios Correlations

0.67-0.42-0.110.820.980.280.920.320.530.760.880.721.0-0.53-0.420.440.720.980.990.740.360.720.970.90.8
0.670.160.40.20.72-0.480.470.390.980.310.510.690.72-0.310.170.940.690.530.750.00.371.00.520.570.38
-0.420.160.92-0.74-0.35-0.83-0.450.090.27-0.79-0.49-0.06-0.390.380.130.32-0.06-0.47-0.36-0.740.080.11-0.49-0.28-0.39
-0.110.40.92-0.55-0.04-0.8-0.210.090.46-0.65-0.130.15-0.070.16-0.020.520.15-0.17-0.03-0.530.130.37-0.230.05-0.24
0.820.2-0.74-0.550.750.660.850.290.050.920.780.570.79-0.47-0.56-0.050.570.880.750.90.230.270.880.720.88
0.980.72-0.35-0.040.750.180.840.390.610.690.810.720.99-0.42-0.370.480.720.950.990.680.280.770.930.850.77
0.28-0.48-0.83-0.80.660.180.47-0.32-0.610.580.35-0.20.21-0.35-0.43-0.66-0.20.410.150.81-0.02-0.420.440.250.3
0.920.47-0.45-0.210.850.840.470.140.30.810.810.550.89-0.64-0.480.240.550.950.850.770.480.540.970.860.78
0.320.390.090.090.290.39-0.320.140.460.250.010.740.330.28-0.130.250.740.260.360.060.00.390.270.190.65
0.530.980.270.460.050.61-0.610.30.460.170.330.640.59-0.150.280.940.640.380.63-0.160.310.960.380.430.29
0.760.31-0.79-0.650.920.690.580.810.250.170.70.530.74-0.55-0.190.10.530.780.70.730.320.360.820.630.77
0.880.51-0.49-0.130.780.810.350.810.010.330.70.580.88-0.64-0.450.370.580.880.870.710.340.560.820.870.63
0.720.69-0.060.150.570.72-0.20.550.740.640.530.580.73-0.16-0.30.561.00.650.750.30.350.720.630.650.81
1.00.72-0.39-0.070.790.990.210.890.330.590.740.880.73-0.52-0.370.50.730.971.00.690.330.770.940.880.78
-0.53-0.310.380.16-0.47-0.42-0.35-0.640.28-0.15-0.55-0.64-0.16-0.520.02-0.25-0.16-0.53-0.48-0.39-0.23-0.33-0.54-0.61-0.24
-0.420.170.13-0.02-0.56-0.37-0.43-0.48-0.130.28-0.19-0.45-0.3-0.370.020.33-0.3-0.54-0.35-0.68-0.070.1-0.47-0.44-0.57
0.440.940.320.52-0.050.48-0.660.240.250.940.10.370.560.5-0.250.330.560.290.54-0.270.310.920.250.390.13
0.720.69-0.060.150.570.72-0.20.550.740.640.530.581.00.73-0.16-0.30.560.650.750.30.350.720.630.650.81
0.980.53-0.47-0.170.880.950.410.950.260.380.780.880.650.97-0.53-0.540.290.650.940.830.360.60.980.90.83
0.990.75-0.36-0.030.750.990.150.850.360.630.70.870.751.0-0.48-0.350.540.750.940.650.30.80.920.870.76
0.740.0-0.74-0.530.90.680.810.770.06-0.160.730.710.30.69-0.39-0.68-0.270.30.830.650.080.070.810.650.69
0.360.370.080.130.230.28-0.020.480.00.310.320.340.350.33-0.23-0.070.310.350.360.30.080.380.420.440.35
0.721.00.110.370.270.77-0.420.540.390.960.360.560.720.77-0.330.10.920.720.60.80.070.380.590.630.44
0.970.52-0.49-0.230.880.930.440.970.270.380.820.820.630.94-0.54-0.470.250.630.980.920.810.420.590.870.83
0.90.57-0.280.050.720.850.250.860.190.430.630.870.650.88-0.61-0.440.390.650.90.870.650.440.630.870.69
0.80.38-0.39-0.240.880.770.30.780.650.290.770.630.810.78-0.24-0.570.130.810.830.760.690.350.440.830.69
Click cells to compare fundamentals

Jamieson Wellness Account Relationship Matchups

Jamieson Wellness fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets561.8M609.3M652.5M1.1B1.1B698.3M
Short Long Term Debt Total174.2M185.5M170.0M461.9M463.0M284.0M
Other Current Liab17.3M32.5M25.7M26.0M59.1M52.5M
Total Current Liabilities73.3M91.0M83.6M154.8M145.3M107.6M
Total Stockholder Equity259.2M292.4M342.0M431.6M438.9M460.9M
Other Liab55.0M55.0M56.8M95.6M110.0M62.2M
Net Tangible Assets(62.0M)(26.7M)26.4M(208.5M)(239.8M)(251.8M)
Property Plant And Equipment Net64.9M83.8M97.0M111.7M106.9M75.9M
Current Deferred Revenue(1.9M)(3.1M)(2.9M)(4.9M)53.8M56.5M
Net Debt164.6M147.9M142.4M373.8M426.1M257.3M
Retained Earnings6.1M29.0M59.0M85.5M80.7M84.7M
Accounts Payable56.0M58.5M57.9M128.8M76.5M66.7M
Cash198K1.2M6.8M26.2M36.9M38.7M
Non Current Assets Total388.3M405.2M415.3M754.9M750.7M481.1M
Non Currrent Assets Other388.3M(402.9M)(412.6M)(751.8M)2.9M3.0M
Other Assets2.3M2.3M2.7M3.0M2.7M2.3M
Long Term Debt164.8M149.1M149.1M400M325M249.3M
Cash And Short Term Investments198K1.2M6.8M26.2M36.9M38.7M
Net Receivables89.4M98.0M104.2M160.8M164.5M101.7M
Common Stock Total Equity234.9M239.4M243.2M255.8M294.2M153.1M
Common Stock Shares Outstanding39.5M39.6M41.2M41.7M42.7M41.6M
Liabilities And Stockholders Equity561.8M609.3M652.5M1.1B1.1B698.3M
Non Current Liabilities Total229.3M225.9M226.8M520.9M517.1M335.0M
Inventory81.9M102.6M119.0M154.5M182.5M98.1M
Other Current Assets1.9M2.4M7.2M10.9M9.0M5.0M
Other Stockholder Equity10.7M13.0M14.8M17.1M33.8M35.5M
Total Liab302.6M316.9M310.5M675.7M662.4M482.9M
Property Plant And Equipment Gross64.9M83.8M144.1M171.3M180.5M95.7M
Total Current Assets173.4M204.2M237.1M352.4M392.9M217.2M
Accumulated Other Comprehensive Income(844K)(5.4M)23K21.8M11.9M12.5M
Intangible Assets198.2M196.2M192.7M367.2M366.5M243.1M
Common Stock243.2M255.8M268.2M307.2M312.6M204.9M
Property Plant Equipment64.9M83.8M97.0M111.7M128.5M71.3M
Long Term Debt Total174.2M170.9M170.0M461.9M531.2M557.8M
Capital Surpluse10.7M13.0M14.8M17.1M19.7M10.5M
Net Invested Capital423.9M441.5M491.1M831.6M763.9M588.1M

Pair Trading with Jamieson Wellness

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 Jamieson Wellness 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 Jamieson Wellness will appreciate offsetting losses from the drop in the long position's value.

Moving together with Jamieson Stock

  0.7FFH Fairfax FinancialPairCorr
  0.63FFH-PM Fairfax FinancialPairCorr
The ability to find closely correlated positions to Jamieson Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jamieson Wellness 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 Jamieson Wellness - 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 Jamieson Wellness to buy it.
The correlation of Jamieson Wellness 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 Jamieson Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jamieson Wellness 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 Jamieson Wellness 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 Jamieson Stock

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