Stella Good Will vs Other Stockholder Equity Analysis

SJ Stock  CAD 72.33  1.55  2.10%   
Stella Jones financial indicator trend analysis is much more than just breaking down Stella Jones prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stella Jones is a good investment. Please check the relationship between Stella Jones Good Will and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stella Jones Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Stella Jones' Good Will and Other Stockholder Equity is 0.49. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Stella Jones, assuming nothing else is changed. The correlation between historical values of Stella Jones' Good Will and Other Stockholder 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 Good Will of Stella Jones are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Stella Jones' Good Will and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Stockholder Equity

Most indicators from Stella Jones' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stella Jones 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Stella Jones' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 991.2 K, while Tax Provision is likely to drop about 75.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense23M33M68M71.4M
Depreciation And Amortization74M89M109M114.5M

Stella Jones fundamental ratios Correlations

0.960.630.970.970.990.980.970.841.00.280.990.160.981.00.930.820.980.981.00.81-0.83-0.830.970.840.78
0.960.470.980.870.970.990.880.880.960.310.960.021.00.970.850.891.00.970.970.91-0.79-0.790.90.70.68
0.630.470.550.740.580.510.720.140.63-0.090.620.480.50.630.620.230.510.540.630.35-0.49-0.490.730.760.7
0.970.980.550.90.980.980.930.860.970.290.97-0.010.980.970.870.890.980.980.970.92-0.84-0.840.930.710.66
0.970.870.740.90.950.90.990.750.970.220.960.290.90.960.940.70.90.920.970.67-0.8-0.80.970.910.82
0.990.970.580.980.950.980.970.870.990.30.980.050.970.990.910.870.980.990.990.84-0.86-0.860.950.780.7
0.980.990.510.980.90.980.920.880.970.380.970.030.990.980.90.90.990.980.980.88-0.86-0.860.920.740.7
0.970.880.720.930.990.970.920.770.980.260.960.190.910.970.930.760.910.940.970.71-0.85-0.850.970.870.77
0.840.880.140.860.750.870.880.770.850.470.85-0.130.880.830.780.90.880.890.830.75-0.74-0.740.750.570.52
1.00.960.630.970.970.990.970.980.850.290.990.150.970.990.930.820.970.980.990.8-0.83-0.830.960.840.78
0.280.31-0.090.290.220.30.380.260.470.290.33-0.180.320.250.410.550.320.370.270.2-0.58-0.590.250.230.25
0.990.960.620.970.960.980.970.960.850.990.330.180.970.990.930.830.970.970.990.8-0.81-0.810.970.840.8
0.160.020.48-0.010.290.050.030.19-0.130.15-0.180.180.060.170.21-0.310.05-0.020.17-0.220.110.110.250.460.55
0.981.00.50.980.90.970.990.910.880.970.320.970.060.980.880.881.00.980.980.88-0.8-0.80.920.740.72
1.00.970.630.970.960.990.980.970.830.990.250.990.170.980.920.820.980.971.00.82-0.82-0.820.970.830.77
0.930.850.620.870.940.910.90.930.780.930.410.930.210.880.920.710.880.890.930.65-0.85-0.850.90.870.79
0.820.890.230.890.70.870.90.760.90.820.550.83-0.310.880.820.710.890.910.820.85-0.83-0.830.770.490.45
0.981.00.510.980.90.980.990.910.880.970.320.970.051.00.980.880.890.980.980.89-0.81-0.810.920.740.71
0.980.970.540.980.920.990.980.940.890.980.370.97-0.020.980.970.890.910.980.970.86-0.87-0.870.920.740.68
1.00.970.630.970.970.990.980.970.830.990.270.990.170.981.00.930.820.980.970.82-0.82-0.820.970.830.78
0.810.910.350.920.670.840.880.710.750.80.20.8-0.220.880.820.650.850.890.860.82-0.7-0.70.750.430.42
-0.83-0.79-0.49-0.84-0.8-0.86-0.86-0.85-0.74-0.83-0.58-0.810.11-0.8-0.82-0.85-0.83-0.81-0.87-0.82-0.71.0-0.8-0.65-0.52
-0.83-0.79-0.49-0.84-0.8-0.86-0.86-0.85-0.74-0.83-0.59-0.810.11-0.8-0.82-0.85-0.83-0.81-0.87-0.82-0.71.0-0.8-0.65-0.52
0.970.90.730.930.970.950.920.970.750.960.250.970.250.920.970.90.770.920.920.970.75-0.8-0.80.860.81
0.840.70.760.710.910.780.740.870.570.840.230.840.460.740.830.870.490.740.740.830.43-0.65-0.650.860.95
0.780.680.70.660.820.70.70.770.520.780.250.80.550.720.770.790.450.710.680.780.42-0.52-0.520.810.95
Click cells to compare fundamentals

Stella Jones Account Relationship Matchups

Stella Jones fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.4B2.7B3.1B3.7B3.9B
Short Long Term Debt Total723.1M745M878M1.1B1.6B1.7B
Other Current Liab80.0M98M154M53M78M81.9M
Total Current Liabilities182.1M218M242M259M384M403.2M
Total Stockholder Equity1.3B1.4B1.4B1.6B1.7B1.7B
Property Plant And Equipment Net684.6M709M767M915M1.2B1.3B
Net Debt841.2M884M1.0B1.3B1.6B1.7B
Retained Earnings967.8M1.1B1.2B1.2B1.3B1.4B
Accounts Payable65M55M19M157M152M159.6M
Non Current Assets Total1.1B1.1B1.3B1.5B1.8B1.8B
Non Currrent Assets Other937K3M11M35M5M2.6M
Net Receivables185M208M239M287M319M335.0M
Common Stock Shares Outstanding68.8M67.3M65M61.4M58.0M57.8M
Liabilities And Stockholders Equity2.3B2.4B2.7B3.1B3.7B3.9B
Non Current Liabilities Total810.6M835M975M1.3B1.7B1.8B
Inventory970.6M1.1B1.1B1.2B1.6B1.7B
Other Current Assets47M36M43M58M48M50.4M
Other Stockholder Equity386K80M79M171M196.7M206.5M
Total Liab992.8M1.1B1.2B1.5B2.1B2.2B
Property Plant And Equipment Gross684.6M709M965M1.1B1.4B1.5B
Total Current Assets1.2B1.3B1.4B1.6B1.9B2.0B
Accumulated Other Comprehensive Income103.1M80M79M171M134M140.7M
Short Term Debt36M46M68M42M154M161.7M
Cash(118.1M)(139M)(144M)(167M)(150.3M)(142.8M)
Cash And Short Term Investments(118.1M)(139M)(144M)(167M)(150.3M)(142.8M)
Current Deferred Revenue79.0M89.5M77.6M117M134.6M141.3M
Good Will284.9M280M341M369M375M234.7M
Intangible Assets114.7M115M158M171M169M117.8M
Common Stock Total Equity220.5M221.3M217.0M214M246.1M206.9M
Common Stock217.0M214M208M194M189M208.9M
Other Liab124M134M165M191M219.7M129.9M
Net Tangible Assets888M978M949M1.0B1.2B794.9M
Other Assets4M3M8M35M40.3M42.3M
Long Term Debt598.4M595M701M940M1.2B711.1M
Short Long Term Debt6.5M11M33M1M100M105M
Property Plant Equipment684M709M767M915M1.1B599.3M
Long Term Debt Total687.3M701M810M1.1B1.2B758.2M

Pair Trading with Stella Jones

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 Stella Jones 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 Stella Jones will appreciate offsetting losses from the drop in the long position's value.

Moving together with Stella Stock

  0.72ORE Orezone Gold CorpPairCorr
  0.61INFM Infinico Metals CorpPairCorr

Moving against Stella Stock

  0.9TSLA Tesla Inc CDRPairCorr
  0.84AMZN Amazon CDRPairCorr
  0.8WMT Walmart Inc CDRPairCorr
  0.77GOOG Alphabet CDRPairCorr
  0.74BRK Berkshire Hathaway CDRPairCorr
The ability to find closely correlated positions to Stella Jones could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stella Jones 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 Stella Jones - 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 Stella Jones to buy it.
The correlation of Stella Jones 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 Stella Jones moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stella Jones 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 Stella Jones 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 Stella Stock

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