Canadian Accounts Payable vs Cash Analysis
| CGI Stock | CAD 40.97 0.27 0.65% |
Canadian General financial indicator trend analysis is way more than just evaluating Canadian General Inv prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian General Inv is a good investment. Please check the relationship between Canadian General Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian General Investments. 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.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian General Inv Accounts Payable account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Canadian General's Accounts Payable and Cash is -0.1. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Canadian General Investments, assuming nothing else is changed. The correlation between historical values of Canadian General's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Canadian General Investments are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Canadian General's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Canadian General obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Canadian General Inv are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash
Cash refers to the most liquid asset of Canadian General Inv, which is listed under current asset account on Canadian General Investments balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Canadian General customers. The amounts must be unrestricted with restricted cash listed in a different Canadian General account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Canadian General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian General Inv 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian General Investments. 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, Canadian General's Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.1, while Tax Provision is likely to drop about 362.9 K.
Canadian General fundamental ratios Correlations
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Canadian General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian General fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 948.2M | 1.2B | 1.5B | 1.2B | 1.3B | 903.6M | |
| Other Current Liab | (1.2M) | (101.9M) | (110.5M) | (151.5M) | (177.7M) | (168.8M) | |
| Total Current Liabilities | 1.2M | 1.7M | 1.6M | 1.5M | 178.0M | 186.9M | |
| Total Stockholder Equity | 771.5M | 1.0B | 1.3B | 1.0B | 1.2B | 725.6M | |
| Net Debt | 77.5M | 92.3M | 83.4M | 71.4M | 163.8M | 172.0M | |
| Retained Earnings | 643.0M | 914.9M | 1.2B | 877.7M | 1.0B | 1.1B | |
| Accounts Payable | 1.2M | 1.8M | 1.7M | 1.6M | 2.3M | 1.3M | |
| Cash | 21.0M | 6.9M | 16.6M | 3.6M | 11.2M | 12.7M | |
| Non Current Assets Total | 925.9M | 1.2B | 1.4B | 1.2B | 158K | 150.1K | |
| Non Currrent Assets Other | (925.9M) | (1.2B) | (1.4B) | (1.2B) | (1.3B) | (1.3B) | |
| Other Assets | 141K | 134K | 193K | 2.2M | 158K | 150.1K | |
| Cash And Short Term Investments | 21.0M | 6.9M | 16.6M | 3.6M | 1.3B | 1.4B | |
| Net Receivables | 1.1M | 1.9M | 2.4M | 1.9M | 1.8M | 3.4M | |
| Common Stock Shares Outstanding | 20.9M | 20.9M | 20.9M | 20.9M | 20.9M | 16.8M | |
| Liabilities And Stockholders Equity | 948.2M | 1.2B | 1.5B | 1.2B | 1.3B | 903.6M | |
| Total Liab | 176.7M | 176.3M | 185.2M | 151.5M | 177.7M | 178.0M | |
| Total Current Assets | 22.1M | 8.8M | 19.0M | 5.5M | 1.3B | 1.4B | |
| Non Current Liabilities Total | 98.6M | 99.2M | 100M | 1.5M | 175M | 91.0M | |
| Other Current Assets | 925.9M | 1.2B | 1.4B | 1.9M | 1.3B | 1.4B | |
| Short Term Investments | 925.9M | 1.2B | 1.4B | 1.2B | 1.3B | 999.8M | |
| Inventory | (925.9M) | (1.2B) | (1.4B) | (1.2B) | (1.3B) | (1.4B) | |
| Short Long Term Debt Total | 172.8M | 99.2M | 100M | 75M | 175M | 99.3M | |
| Net Tangible Assets | 771.5M | 1.0B | 1.3B | 1.0B | 1.2B | 861.8M | |
| Long Term Debt | 148.8M | 74.1M | 172.8M | 74.5M | 74.7M | 0.0 | |
| Short Term Debt | 0.0 | 99.2M | 100M | 149.9M | 175M | 123.2M | |
| Long Term Debt Total | 148.8M | 74.1M | 172.8M | 74.5M | 74.7M | 0.0 | |
| Long Term Investments | 925.9M | 1.2B | 1.4B | 1.2B | 1.3B | 1.1B | |
| Net Invested Capital | 870.1M | 1.1B | 1.4B | 1.1B | 1.3B | 1.1B |
Pair Trading with Canadian General
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 Canadian General 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 Canadian General will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.65 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.77 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.68 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.73 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Canadian Stock
| 0.4 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Canadian General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian General 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 Canadian General - 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 Canadian General Investments to buy it.
The correlation of Canadian General 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 Canadian General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian General Inv 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 Canadian General 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 Canadian Stock
Balance Sheet is a snapshot of the financial position of Canadian General Inv at a specified time, usually calculated after every quarter, six months, or one year. Canadian General Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian General 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 Canadian currently owns. An asset can also be divided into two categories, current and non-current.