Canadian Other Stockholder Equity vs Total Assets Analysis

CWB Stock  CAD 59.19  2.50  4.05%   
Canadian Western financial indicator trend analysis is way more than just evaluating Canadian Western Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Western Bank is a good investment. Please check the relationship between Canadian Western Other Stockholder Equity and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Western Bank. 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.

Other Stockholder Equity vs Total Assets

Other Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Western Bank Other Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Canadian Western's Other Stockholder Equity and Total Assets is 0.82. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Canadian Western Bank, assuming nothing else is changed. The correlation between historical values of Canadian Western's Other Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Canadian Western Bank are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Canadian Western's Other Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Stockholder Equity

Total Assets

Total assets refers to the total amount of Canadian Western assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canadian Western Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Canadian Western's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Western Bank 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 Western Bank. 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 Western's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 17.43, while Discontinued Operations is likely to drop about 68.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense621.9M1.4B1.6B1.7B
Depreciation And Amortization80.8M62.2M71.5M75.1M

Canadian Western fundamental ratios Correlations

0.940.140.871.00.90.91.00.9-0.320.73-0.32-0.160.940.770.75-0.77-0.580.821.00.88-0.48-0.080.960.690.97
0.940.170.870.940.890.990.940.76-0.440.67-0.07-0.160.890.590.71-0.89-0.320.90.940.9-0.34-0.060.940.690.94
0.140.17-0.280.170.30.190.18-0.16-0.360.76-0.6-0.60.26-0.150.75-0.230.020.380.140.39-0.48-0.970.110.630.11
0.870.87-0.280.870.730.850.860.85-0.250.340.120.130.770.710.39-0.77-0.390.640.870.66-0.150.350.880.430.88
1.00.940.170.870.910.911.00.88-0.330.74-0.3-0.180.930.750.76-0.79-0.560.831.00.88-0.49-0.10.980.70.98
0.90.890.30.730.910.90.890.73-0.480.75-0.29-0.160.880.620.76-0.76-0.460.910.90.94-0.42-0.210.920.770.85
0.90.990.190.850.910.90.910.72-0.560.67-0.04-0.170.880.540.72-0.91-0.240.920.90.91-0.32-0.10.920.710.9
1.00.940.180.861.00.890.910.89-0.340.75-0.33-0.210.940.740.77-0.78-0.560.831.00.88-0.51-0.120.960.70.98
0.90.76-0.160.850.880.730.720.89-0.250.52-0.29-0.120.850.790.51-0.49-0.660.650.90.72-0.460.140.860.440.88
-0.32-0.44-0.36-0.25-0.33-0.48-0.56-0.34-0.25-0.480.080.44-0.50.03-0.490.41-0.13-0.63-0.32-0.590.270.39-0.34-0.53-0.28
0.730.670.760.340.740.750.670.750.52-0.48-0.69-0.560.790.40.99-0.57-0.410.760.730.82-0.69-0.740.670.860.68
-0.32-0.07-0.60.12-0.3-0.29-0.04-0.33-0.290.08-0.690.46-0.37-0.38-0.62-0.070.65-0.18-0.32-0.330.710.68-0.18-0.46-0.21
-0.16-0.16-0.60.13-0.18-0.16-0.17-0.21-0.120.44-0.560.46-0.190.1-0.580.07-0.01-0.36-0.16-0.310.830.64-0.17-0.12-0.21
0.940.890.260.770.930.880.880.940.85-0.50.79-0.37-0.190.640.78-0.69-0.490.860.940.92-0.4-0.240.90.820.89
0.770.59-0.150.710.750.620.540.740.790.030.4-0.380.10.640.4-0.47-0.750.390.770.51-0.370.170.690.380.71
0.750.710.750.390.760.760.720.770.51-0.490.99-0.62-0.580.780.4-0.64-0.370.780.750.82-0.71-0.710.710.830.71
-0.77-0.89-0.23-0.77-0.79-0.76-0.91-0.78-0.490.41-0.57-0.070.07-0.69-0.47-0.640.1-0.73-0.77-0.70.20.08-0.79-0.65-0.79
-0.58-0.320.02-0.39-0.56-0.46-0.24-0.56-0.66-0.13-0.410.65-0.01-0.49-0.75-0.370.1-0.22-0.58-0.380.480.02-0.47-0.3-0.48
0.820.90.380.640.830.910.920.830.65-0.630.76-0.18-0.360.860.390.78-0.73-0.220.820.97-0.42-0.310.860.730.81
1.00.940.140.871.00.90.91.00.9-0.320.73-0.32-0.160.940.770.75-0.77-0.580.820.88-0.48-0.080.960.690.97
0.880.90.390.660.880.940.910.880.72-0.590.82-0.33-0.310.920.510.82-0.7-0.380.970.88-0.46-0.340.870.80.83
-0.48-0.34-0.48-0.15-0.49-0.42-0.32-0.51-0.460.27-0.690.710.83-0.4-0.37-0.710.20.48-0.42-0.48-0.460.51-0.43-0.25-0.48
-0.08-0.06-0.970.35-0.1-0.21-0.1-0.120.140.39-0.740.680.64-0.240.17-0.710.080.02-0.31-0.08-0.340.51-0.03-0.58-0.03
0.960.940.110.880.980.920.920.960.86-0.340.67-0.18-0.170.90.690.71-0.79-0.470.860.960.87-0.43-0.030.640.98
0.690.690.630.430.70.770.710.70.44-0.530.86-0.46-0.120.820.380.83-0.65-0.30.730.690.8-0.25-0.580.640.6
0.970.940.110.880.980.850.90.980.88-0.280.68-0.21-0.210.890.710.71-0.79-0.480.810.970.83-0.48-0.030.980.6
Click cells to compare fundamentals

Canadian Western Account Relationship Matchups

Canadian Western fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.9B37.3B41.4B42.3B48.7B51.1B
Short Long Term Debt Total6.1B7.4B8.1B7.3B8.4B8.8B
Other Current Liab(318.1M)(438.6M)(447.8M)29.1M26.2M27.5M
Total Current Liabilities527.6M556.1M635.7M431.1M495.7M520.5M
Total Stockholder Equity3.3B3.5B3.7B4.0B4.6B4.9B
Property Plant And Equipment Net139.3M130.7M153.0M152.4M175.2M184.0M
Net Debt5.7B7.3B7.9B7.1B8.2B8.6B
Retained Earnings1.9B2.1B2.3B2.5B2.9B3.0B
Accounts Payable308.3M435.4M443.8M386.3M444.3M466.5M
Cash368.3M128.5M116.0M66.5M76.5M72.7M
Non Current Assets Total2.7B4.1B5.0B45.4B52.2B54.8B
Non Currrent Assets Other(49.6M)(50.8M)(42.2M)(4.4B)(4.0B)(3.8B)
Cash And Short Term Investments1.2B299.8M2.2B66.5M76.5M72.7M
Net Receivables151.9M189.2M356.6M317.3M364.9M383.2M
Common Stock Shares Outstanding87.2M87.8M91.5M96.1M110.5M79.3M
Liabilities And Stockholders Equity33.9B37.3B41.4B42.3B48.7B51.1B
Non Current Liabilities Total6.1B7.4B635.7M37.9B43.6B45.8B
Inventory(582.7M)(348.4M)(417.4M)(571.7M)(514.5M)(488.8M)
Other Current Assets595.0M362.5M435.1M19.3M17.4M16.5M
Other Stockholder Equity200.7M351.0M352.5M353.9M407.0M427.4M
Total Liab30.6B33.8B37.7B38.3B44.0B46.2B
Property Plant And Equipment Gross139.3M301.6M340.3M351.1M403.7M423.9M
Total Current Assets1.3B489.0M2.6B85.8M77.2M73.4M
Other Assets30.0B32.8B33.8B(3.2B)(3.6B)(3.4B)
Accumulated Other Comprehensive Income102.2M2.6M(142.7M)253.0M290.9M305.5M
Good Will85.2M85.4M138.3M138.7M159.5M167.5M
Short Term Investments792.8M171.4M2.1B2.4B2.8B2.9B
Intangible Assets220.7M227.8M223.9M241.2M277.4M291.2M
Common Stock730.8M809.4M956.1M1.0B1.2B615.5M
Other Liab24.8M28.0M26.1M43.0M38.7M52.4M
Net Tangible Assets2.3B2.6B2.9B3.1B3.6B2.4B
Long Term Debt2.4B3.0B3.5B7.2B8.3B8.7B
Deferred Long Term Liab7.0M8.5M13.9M13.6M15.6M8.6M
Long Term Investments2.7B3.6B4.5B3.9B4.5B3.0B
Short Term Debt625.3M710.7M247.4M966.2M869.6M618.0M
Property Plant Equipment63.2M139.3M130.7M153.0M176.0M96.1M
Long Term Debt Total2.4B2.5B3.1B3.6B4.1B2.4B
Earning Assets2.2B2.4B3.1B3.7B4.2B3.1B

Pair Trading with Canadian Western

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

Moving together with Canadian Stock

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The ability to find closely correlated positions to Canadian Western 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 Western 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 Western - 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 Western Bank to buy it.
The correlation of Canadian Western 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 Western moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Western Bank 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 Western 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 Canadian Stock

Balance Sheet is a snapshot of the financial position of Canadian Western Bank at a specified time, usually calculated after every quarter, six months, or one year. Canadian Western Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian Western 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.