Corby Net Invested Capital vs Retained Earnings Analysis

CSW-B Stock

CAD 12.15 0.02 0.16%

Corby Spirit financial indicator trend analysis is way more than just evaluating Corby Spirit prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corby Spirit is a good investment. Please check the relationship between Corby Spirit Net Invested Capital and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corby Spirit Net Invested Capital account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Corby Spirit's Net Invested Capital and Retained Earnings is -0.46. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Corby Spirit and, assuming nothing else is changed. The correlation between historical values of Corby Spirit's Net Invested Capital and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Corby Spirit and are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Corby Spirit's Net Invested Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Corby Spirit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Corby Spirit's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 14.88 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	96.1M	94.1M	115.8M	104.2M
Total Revenue	159.4M	163.0M	229.7M	173.5M

Gross Profit Total Revenue

Corby Spirit fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.8	0.9	0.1	-0.63	-0.57	-0.43	0.78	-0.25	0.59	0.78	0.69	0.92	0.65	0.87	0.6	0.71	-0.51	0.67	0.74	-0.42	0.86	-0.51	0.99	0.18	-0.51
Other Current Liab	0.8		0.94	-0.18	-0.67	-0.5	-0.58	0.85	-0.04	0.73	0.66	0.41	0.81	0.76	0.73	0.68	0.34	-0.29	0.86	0.5	-0.68	0.65	-0.29	0.79	0.33	-0.29
Total Current Liabilities	0.9	0.94		-0.08	-0.76	-0.56	-0.6	0.93	-0.27	0.8	0.82	0.59	0.92	0.84	0.81	0.55	0.5	-0.43	0.89	0.67	-0.68	0.73	-0.43	0.88	0.13	-0.43
Total Stockholder Equity	0.1	-0.18	-0.08		-0.13	0.05	0.05	0.06	-0.14	0.07	0.14	0.32	-0.09	0.23	0.24	0.14	0.2	-0.45	-0.2	0.33	0.2	0.29	-0.45	0.11	0.1	-0.45
Other Liab	-0.63	-0.67	-0.76	-0.13		0.41	0.59	-0.85	0.39	-0.61	-0.91	-0.53	-0.77	-0.9	-0.63	-0.33	-0.29	0.43	-0.86	-0.59	0.84	-0.55	0.43	-0.64	-0.03	0.43
Net Tangible Assets	-0.57	-0.5	-0.56	0.05	0.41		0.62	-0.5	0.56	-0.08	-0.45	-0.67	-0.6	-0.32	-0.71	-0.15	-0.7	0.64	-0.39	-0.75	0.25	-0.7	0.64	-0.58	0.13	0.64
Retained Earnings	-0.43	-0.58	-0.6	0.05	0.59	0.62		-0.56	0.58	-0.47	-0.48	-0.72	-0.63	-0.66	-0.75	-0.28	-0.06	0.76	-0.68	-0.74	0.66	-0.67	0.76	-0.46	-0.1	0.76
Accounts Payable	0.78	0.85	0.93	0.06	-0.85	-0.5	-0.56		-0.19	0.77	0.87	0.47	0.79	0.89	0.72	0.56	0.41	-0.36	0.84	0.57	-0.68	0.63	-0.36	0.77	0.19	-0.36
Cash	-0.25	-0.04	-0.27	-0.14	0.39	0.56	0.58	-0.19		-0.15	-0.44	-0.8	-0.46	-0.35	-0.45	0.44	-0.41	0.74	-0.35	-0.76	0.3	-0.42	0.74	-0.22	0.66	0.74
Other Assets	0.59	0.73	0.8	0.07	-0.61	-0.08	-0.47	0.77	-0.15		0.64	0.37	0.64	0.86	0.53	0.43	0.09	-0.26	0.8	0.42	-0.63	0.42	-0.26	0.55	0.11	-0.26
Net Receivables	0.78	0.66	0.82	0.14	-0.91	-0.45	-0.48	0.87	-0.44	0.64		0.62	0.84	0.83	0.69	0.31	0.5	-0.45	0.8	0.67	-0.63	0.63	-0.45	0.76	-0.06	-0.45
Good Will	0.69	0.41	0.59	0.32	-0.53	-0.67	-0.72	0.47	-0.8	0.37	0.62		0.75	0.56	0.87	0.16	0.56	-0.95	0.49	0.99	-0.35	0.87	-0.95	0.68	-0.15	-0.95
Inventory	0.92	0.81	0.92	-0.09	-0.77	-0.6	-0.63	0.79	-0.46	0.64	0.84	0.75		0.75	0.86	0.42	0.57	-0.56	0.84	0.78	-0.66	0.81	-0.56	0.91	0.02	-0.56
Other Stockholder Equity	0.65	0.76	0.84	0.23	-0.9	-0.32	-0.66	0.89	-0.35	0.86	0.83	0.56	0.75		0.69	0.44	0.2	-0.49	0.89	0.63	-0.82	0.59	-0.49	0.64	0.1	-0.49
Total Liab	0.87	0.73	0.81	0.24	-0.63	-0.71	-0.75	0.72	-0.45	0.53	0.69	0.87	0.86	0.69		0.59	0.56	-0.82	0.63	0.91	-0.45	0.99	-0.82	0.89	0.25	-0.82
Total Current Assets	0.6	0.68	0.55	0.14	-0.33	-0.15	-0.28	0.56	0.44	0.43	0.31	0.16	0.42	0.44	0.59		0.08	-0.18	0.34	0.22	-0.24	0.59	-0.18	0.66	0.88	-0.18
Intangible Assets	0.71	0.34	0.5	0.2	-0.29	-0.7	-0.06	0.41	-0.41	0.09	0.5	0.56	0.57	0.2	0.56	0.08		-0.4	0.2	0.62	0.03	0.59	-0.4	0.67	-0.29	-0.4
Common Stock	-0.51	-0.29	-0.43	-0.45	0.43	0.64	0.76	-0.36	0.74	-0.26	-0.45	-0.95	-0.56	-0.49	-0.82	-0.18	-0.4		-0.35	-0.93	0.27	-0.83	1.0	-0.53	0.04	1.0
Property Plant Equipment	0.67	0.86	0.89	-0.2	-0.86	-0.39	-0.68	0.84	-0.35	0.8	0.8	0.49	0.84	0.89	0.63	0.34	0.2	-0.35		0.55	-0.9	0.51	-0.35	0.64	0.0	-0.35
Non Current Assets Total	0.74	0.5	0.67	0.33	-0.59	-0.75	-0.74	0.57	-0.76	0.42	0.67	0.99	0.78	0.63	0.91	0.22	0.62	-0.93	0.55		-0.4	0.9	-0.93	0.73	-0.12	-0.93
Non Currrent Assets Other	-0.42	-0.68	-0.68	0.2	0.84	0.25	0.66	-0.68	0.3	-0.63	-0.63	-0.35	-0.66	-0.82	-0.45	-0.24	0.03	0.27	-0.9	-0.4		-0.34	0.27	-0.42	-0.01	0.27
Non Current Liabilities Total	0.86	0.65	0.73	0.29	-0.55	-0.7	-0.67	0.63	-0.42	0.42	0.63	0.87	0.81	0.59	0.99	0.59	0.59	-0.83	0.51	0.9	-0.34		-0.83	0.89	0.27	-0.83
Common Stock Shares Outstanding	-0.51	-0.29	-0.43	-0.45	0.43	0.64	0.76	-0.36	0.74	-0.26	-0.45	-0.95	-0.56	-0.49	-0.82	-0.18	-0.4	1.0	-0.35	-0.93	0.27	-0.83		-0.53	0.04	1.0
Net Invested Capital	0.99	0.79	0.88	0.11	-0.64	-0.58	-0.46	0.77	-0.22	0.55	0.76	0.68	0.91	0.64	0.89	0.66	0.67	-0.53	0.64	0.73	-0.42	0.89	-0.53		0.28	-0.53
Net Working Capital	0.18	0.33	0.13	0.1	-0.03	0.13	-0.1	0.19	0.66	0.11	-0.06	-0.15	0.02	0.1	0.25	0.88	-0.29	0.04	0.0	-0.12	-0.01	0.27	0.04	0.28		0.04
Capital Stock	-0.51	-0.29	-0.43	-0.45	0.43	0.64	0.76	-0.36	0.74	-0.26	-0.45	-0.95	-0.56	-0.49	-0.82	-0.18	-0.4	1.0	-0.35	-0.93	0.27	-0.83	1.0	-0.53	0.04

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Corby Spirit Account Relationship Matchups

Corby Spirit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	234.4M	254.2M	253.5M	362.6M	420.5M	293.0M
Other Current Liab	10.1M	6.8M	10.2M	19.0M	13.5M	8.1M
Total Current Liabilities	40.4M	47.9M	54.6M	69.7M	76.7M	49.1M
Total Stockholder Equity	172.6M	187.8M	183.2M	180.0M	181.6M	197.5M
Other Liab	17.8M	15.5M	13.2M	12.6M	11.3M	13.4M
Net Tangible Assets	136.4M	160.2M	113.2M	120.1M	108.1M	105.6M
Retained Earnings	160.2M	166.7M	163.7M	160.6M	158.8M	132.3M
Accounts Payable	24.9M	37.1M	43.2M	48.1M	43.9M	36.7M
Cash	81.7M	94.4M	52.5M	155.0M	4.6M	4.4M
Other Assets	4.7M	11.7M	6.8M	7.0M	8.0M	5.0M
Net Receivables	26.3M	35.7M	38.3M	39.6M	51.5M	36.7M
Inventory	61.3M	60.8M	61.1M	75.2M	94.7M	69.9M
Other Stockholder Equity	(1.9M)	6.8M	5.2M	5.1M	5.9M	6.2M
Total Liab	61.8M	66.4M	70.3M	182.6M	222.7M	233.8M
Total Current Assets	169.8M	192.2M	152.5M	270.5M	179.3M	196.9M
Intangible Assets	27.4M	18.8M	61.3M	51.2M	91.0M	49.2M
Property Plant Equipment	23.7M	22.7M	24.2M	25.2M	29.0M	20.8M
Non Current Assets Total	64.6M	62.0M	101.0M	92.1M	241.2M	253.2M
Non Currrent Assets Other	4.7M	11.7M	6.8M	7.0M	8.0M	14.5M
Non Current Liabilities Total	21.4M	18.5M	15.7M	112.9M	146.0M	153.3M
Net Invested Capital	172.6M	187.9M	183.2M	278.0M	301.6M	227.5M
Net Working Capital	129.4M	143.2M	97.9M	200.8M	102.6M	145.7M

Pair Trading with Corby Spirit

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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.

Moving against Corby Stock

0.56	TCL-B	Transcontinental	Pair Corr
0.42	MTH	Mammoth Resources Corp	Pair Corr
0.35	SBIO	Sabio Holdings	Pair Corr

The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.

The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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 Correlation Correlation Matching

Additional Tools for Corby Stock Analysis

When running Corby Spirit's price analysis, check to measure Corby Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.

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