Canadian Total Assets vs Other Current 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 Total Assets and its Other Current 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.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Western Bank Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Canadian Western's Total Assets and Other Current Assets is -0.58. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current 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 Total Assets and Other Current 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 Total Assets of Canadian Western Bank are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Canadian Western's Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 Expense | 621.9M | 1.4B | 1.6B | 1.7B | Depreciation And Amortization | 80.8M | 62.2M | 71.5M | 75.1M |
Canadian Western fundamental ratios Correlations
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Canadian Western Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Western fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.9B | 37.3B | 41.4B | 42.3B | 48.7B | 51.1B | |
Short Long Term Debt Total | 6.1B | 7.4B | 8.1B | 7.3B | 8.4B | 8.8B | |
Other Current Liab | (318.1M) | (438.6M) | (447.8M) | 29.1M | 26.2M | 27.5M | |
Total Current Liabilities | 527.6M | 556.1M | 635.7M | 431.1M | 495.7M | 520.5M | |
Total Stockholder Equity | 3.3B | 3.5B | 3.7B | 4.0B | 4.6B | 4.9B | |
Property Plant And Equipment Net | 139.3M | 130.7M | 153.0M | 152.4M | 175.2M | 184.0M | |
Net Debt | 5.7B | 7.3B | 7.9B | 7.1B | 8.2B | 8.6B | |
Retained Earnings | 1.9B | 2.1B | 2.3B | 2.5B | 2.9B | 3.0B | |
Accounts Payable | 308.3M | 435.4M | 443.8M | 386.3M | 444.3M | 466.5M | |
Cash | 368.3M | 128.5M | 116.0M | 66.5M | 76.5M | 72.7M | |
Non Current Assets Total | 2.7B | 4.1B | 5.0B | 45.4B | 52.2B | 54.8B | |
Non Currrent Assets Other | (49.6M) | (50.8M) | (42.2M) | (4.4B) | (4.0B) | (3.8B) | |
Cash And Short Term Investments | 1.2B | 299.8M | 2.2B | 66.5M | 76.5M | 72.7M | |
Net Receivables | 151.9M | 189.2M | 356.6M | 317.3M | 364.9M | 383.2M | |
Common Stock Shares Outstanding | 87.2M | 87.8M | 91.5M | 96.1M | 110.5M | 79.3M | |
Liabilities And Stockholders Equity | 33.9B | 37.3B | 41.4B | 42.3B | 48.7B | 51.1B | |
Non Current Liabilities Total | 6.1B | 7.4B | 635.7M | 37.9B | 43.6B | 45.8B | |
Inventory | (582.7M) | (348.4M) | (417.4M) | (571.7M) | (514.5M) | (488.8M) | |
Other Current Assets | 595.0M | 362.5M | 435.1M | 19.3M | 17.4M | 16.5M | |
Other Stockholder Equity | 200.7M | 351.0M | 352.5M | 353.9M | 407.0M | 427.4M | |
Total Liab | 30.6B | 33.8B | 37.7B | 38.3B | 44.0B | 46.2B | |
Property Plant And Equipment Gross | 139.3M | 301.6M | 340.3M | 351.1M | 403.7M | 423.9M | |
Total Current Assets | 1.3B | 489.0M | 2.6B | 85.8M | 77.2M | 73.4M | |
Other Assets | 30.0B | 32.8B | 33.8B | (3.2B) | (3.6B) | (3.4B) | |
Accumulated Other Comprehensive Income | 102.2M | 2.6M | (142.7M) | 253.0M | 290.9M | 305.5M | |
Good Will | 85.2M | 85.4M | 138.3M | 138.7M | 159.5M | 167.5M | |
Short Term Investments | 792.8M | 171.4M | 2.1B | 2.4B | 2.8B | 2.9B | |
Intangible Assets | 220.7M | 227.8M | 223.9M | 241.2M | 277.4M | 291.2M | |
Common Stock | 730.8M | 809.4M | 956.1M | 1.0B | 1.2B | 615.5M | |
Other Liab | 24.8M | 28.0M | 26.1M | 43.0M | 38.7M | 52.4M | |
Net Tangible Assets | 2.3B | 2.6B | 2.9B | 3.1B | 3.6B | 2.4B | |
Long Term Debt | 2.4B | 3.0B | 3.5B | 7.2B | 8.3B | 8.7B | |
Deferred Long Term Liab | 7.0M | 8.5M | 13.9M | 13.6M | 15.6M | 8.6M | |
Long Term Investments | 2.7B | 3.6B | 4.5B | 3.9B | 4.5B | 3.0B | |
Short Term Debt | 625.3M | 710.7M | 247.4M | 966.2M | 869.6M | 618.0M | |
Property Plant Equipment | 63.2M | 139.3M | 130.7M | 153.0M | 176.0M | 96.1M | |
Long Term Debt Total | 2.4B | 2.5B | 3.1B | 3.6B | 4.1B | 2.4B | |
Earning Assets | 2.2B | 2.4B | 3.1B | 3.7B | 4.2B | 3.1B |
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.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.