PowerOf Property Plant And Equipment Gross vs Common Stock Total Equity Analysis
POW Stock | CAD 49.10 0.48 0.99% |
PowerOf Canada financial indicator trend analysis is much more than just breaking down PowerOf Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PowerOf Canada is a good investment. Please check the relationship between PowerOf Canada Property Plant And Equipment Gross and its Common Stock Total Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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.
Property Plant And Equipment Gross vs Common Stock Total Equity
Property Plant And Equipment Gross vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PowerOf Canada Property Plant And Equipment Gross account and Common Stock Total Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between PowerOf Canada's Property Plant And Equipment Gross and Common Stock Total Equity is 0.87. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Power, assuming nothing else is changed. The correlation between historical values of PowerOf Canada's Property Plant And Equipment Gross and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Power are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Property Plant And Equipment Gross i.e., PowerOf Canada's Property Plant And Equipment Gross and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Gross
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from PowerOf Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PowerOf Canada 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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, PowerOf Canada's Selling General Administrative is very stable compared to the past year. As of the 1st of March 2025, Tax Provision is likely to grow to about 372.9 M, while Issuance Of Capital Stock is likely to drop about 41.5 M.
2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 48.7B | 46.4B | 53.4B | 35.6B | Total Revenue | 48.7B | 46.4B | 53.4B | 35.6B |
PowerOf Canada fundamental ratios Correlations
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PowerOf Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PowerOf Canada fundamental ratios Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Total Assets | 629.1B | 661.6B | 733.7B | 749.5B | 861.9B | 905.0B | |
Short Long Term Debt Total | 22.2B | 19.5B | 21.2B | 20.9B | 24.1B | 25.3B | |
Total Stockholder Equity | 22.2B | 24.3B | 24.0B | 22.1B | 25.5B | 26.7B | |
Property Plant And Equipment Net | 3.2B | 3.7B | 4.4B | 5.1B | 5.8B | 6.1B | |
Net Debt | 12.1B | 11.4B | 12.3B | 11.8B | 13.6B | 14.2B | |
Retained Earnings | 8.7B | 10.8B | 11.1B | 10.0B | 11.5B | 8.0B | |
Non Current Assets Total | 181.4B | 189.7B | 178.2B | 707.1B | 813.2B | 853.9B | |
Common Stock Shares Outstanding | 647.6M | 681.6M | 673.5M | 663.1M | 762.6M | 541.5M | |
Liabilities And Stockholders Equity | 629.1B | 661.6B | 733.7B | 749.5B | 861.9B | 905.0B | |
Non Current Liabilities Total | 20.3B | 21.0B | 4.4B | 703.1B | 808.6B | 849.0B | |
Other Current Assets | 25.6B | 34.3B | 33.5B | 42.3B | 38.1B | 40.0B | |
Other Stockholder Equity | 1.7B | 3.0B | 3.0B | 2.3B | 2.6B | 2.8B | |
Total Liab | 590.4B | 617.9B | 689.5B | 708.2B | 814.4B | 855.2B | |
Total Current Assets | 16.8B | 15.7B | 30.7B | 70.8B | 63.7B | 66.9B | |
Accumulated Other Comprehensive Income | 3.0B | 3.0B | 2.5B | 1.9B | 2.2B | 2.3B | |
Intangible Assets | 6.3B | 7.6B | 8.3B | 6.7B | 7.7B | 5.7B | |
Other Current Liab | (5.8B) | (4.6B) | (4.1B) | (7.6B) | (6.8B) | (6.5B) | |
Total Current Liabilities | 5.8B | 4.2B | 4.4B | 7.6B | 8.7B | 9.1B | |
Short Term Debt | 2.6B | 407M | 274M | 3.5B | 4.0B | 4.2B | |
Cash | 9.5B | 8.2B | 8.9B | 9.1B | 10.5B | 5.6B | |
Non Currrent Assets Other | (181.4B) | (1.1B) | (1.2B) | 493.3B | 567.3B | 595.6B | |
Other Assets | 430.9B | 456.2B | 524.8B | (28.5B) | (32.8B) | (31.1B) | |
Cash And Short Term Investments | 9.5B | 8.2B | 22.2B | 21.9B | 25.2B | 26.4B | |
Common Stock | 9.6B | 9.6B | 9.5B | 9.3B | 10.7B | 11.2B | |
Good Will | 14.0B | 13.0B | 14.6B | 14.6B | 16.8B | 11.1B | |
Accounts Payable | 3.2B | 3.8B | 3.7B | 4.0B | 4.5B | 3.3B | |
Net Receivables | 7.3B | 7.6B | 8.4B | 6.6B | 7.6B | 5.8B | |
Short Term Investments | 50.3B | 51.4B | 13.4B | 12.7B | 14.6B | 13.9B | |
Other Liab | 416.6B | 563.1B | 592.2B | 655.3B | 753.6B | 479.8B | |
Net Tangible Assets | (3.0B) | 1.0B | 2.8B | 166M | 190.9M | 200.4M | |
Long Term Debt | 11.9B | 13.2B | 20.0B | 16.8B | 19.3B | 17.1B | |
Long Term Investments | 157.9B | 165.4B | 150.9B | 228.7B | 263.0B | 133.6B | |
Short Long Term Debt | 2.6B | 407M | 274M | 3.5B | 3.1B | 3.9B | |
Property Plant Equipment | 3.1B | 3.2B | 3.7B | 4.4B | 5.1B | 2.6B | |
Long Term Debt Total | 17.9B | 19.6B | 19.1B | 20.9B | 24.0B | 19.7B | |
Inventory | (35.7B) | (34.3B) | (33.5B) | (28.5B) | (25.6B) | (26.9B) |
Pair Trading with PowerOf Canada
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 PowerOf Canada 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 PowerOf Canada will appreciate offsetting losses from the drop in the long position's value.Moving against PowerOf Stock
The ability to find closely correlated positions to PowerOf Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PowerOf Canada 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 PowerOf Canada - 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 Power to buy it.
The correlation of PowerOf Canada 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 PowerOf Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PowerOf Canada 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 PowerOf Canada 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 PowerOf Stock
Balance Sheet is a snapshot of the financial position of PowerOf Canada at a specified time, usually calculated after every quarter, six months, or one year. PowerOf Canada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PowerOf Canada 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 PowerOf currently owns. An asset can also be divided into two categories, current and non-current.