Guardian Cash And Short Term Investments vs Good Will Analysis
GCG-A Stock | CAD 40.75 0.58 1.40% |
Guardian Capital financial indicator trend analysis is much more than just examining Guardian Capital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guardian Capital is a good investment. Please check the relationship between Guardian Capital Cash And Short Term Investments and its Good Will accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardian Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Cash And Short Term Investments vs Good Will
Cash And Short Term Investments vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guardian Capital Cash And Short Term Investments account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Guardian Capital's Cash And Short Term Investments and Good Will is 0.53. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of Guardian Capital Group, assuming nothing else is changed. The correlation between historical values of Guardian Capital's Cash And Short Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Guardian Capital Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Cash And Short Term Investments i.e., Guardian Capital's Cash And Short Term Investments and Good Will go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Guardian Capital balance sheet. This account contains Guardian Capital investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Guardian Capital Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.Most indicators from Guardian Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guardian Capital 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardian Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to drop to about 16.7 M in 2024. Tax Provision is likely to drop to about 12 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 414.9M | 214.3M | 254.5M | 165.9M | Depreciation And Amortization | 151.5M | 165.9M | 15.4M | 14.7M |
Guardian Capital fundamental ratios Correlations
Click cells to compare fundamentals
Guardian Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guardian Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.4B | 1.4B | 1.7B | 1.8B | |
Short Long Term Debt Total | 128.8M | 109.2M | 129.3M | 157.1M | 158.6M | 166.6M | |
Other Current Liab | 14.3M | 59.1M | 121.0M | 235.8M | 59.6M | 62.6M | |
Total Current Liabilities | 348.2M | 353.8M | 482.9M | 509.5M | 414.1M | 434.8M | |
Total Stockholder Equity | 694.2M | 717.7M | 852.6M | 782.9M | 1.2B | 1.3B | |
Property Plant And Equipment Net | 18.5M | 16.1M | 16.6M | 25.3M | 22.2M | 23.3M | |
Net Debt | 94.6M | 67.5M | 52.2M | 102.2M | 86.2M | 90.5M | |
Retained Earnings | 658.1M | 681.0M | 822.2M | 733.3M | 1.2B | 1.3B | |
Cash | 34.2M | 41.7M | 77.1M | 54.9M | 72.4M | 76.0M | |
Non Current Assets Total | 872.6M | 870.9M | 1.0B | 825.9M | 1.5B | 1.5B | |
Cash And Short Term Investments | 141.5M | 84.9M | 131.6M | 122.3M | 139.3M | 108.0M | |
Common Stock Shares Outstanding | 27.5M | 27.1M | 26.9M | 24.4M | 25.5M | 27.4M | |
Short Term Investments | 107.3M | 43.2M | 54.5M | 67.4M | 66.9M | 79.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.4B | 1.4B | 1.7B | 1.8B | |
Non Current Liabilities Total | 87.6M | 82.0M | 93.2M | 72.4M | 76.0M | 43.7M | |
Other Stockholder Equity | (8.1M) | (7.4M) | (6.6M) | (7.1M) | (4.1M) | (4.3M) | |
Total Liab | 435.8M | 435.9M | 576.1M | 581.9M | 490.1M | 514.6M | |
Total Current Assets | 257.4M | 282.7M | 424.6M | 538.9M | 262.3M | 191.6M | |
Accumulated Other Comprehensive Income | 14.1M | 7.3M | 4.9M | 24.1M | 13.4M | 12.7M | |
Short Term Debt | 116.4M | 98.3M | 118.0M | 133.2M | 139.2M | 146.2M | |
Intangible Assets | 129.8M | 161.2M | 168.2M | 96.9M | 85.4M | 89.7M | |
Net Receivables | 100.5M | 137.5M | 166.9M | 48.4M | 55.0M | 76.0M | |
Other Current Assets | 15.4M | 60.3M | 126.1M | 368.1M | 67.9M | 43.8M | |
Good Will | 40.6M | 60.2M | 66.6M | 42.5M | 41.6M | 24.8M | |
Common Stock | 18.7M | 18.6M | 18.1M | 17.6M | 16.8M | 16.3M | |
Accounts Payable | 109.0M | 143.1M | 188.8M | 79.8M | 91.5M | 100.4M | |
Current Deferred Revenue | 106.4M | 43.1M | 53.5M | 59.1M | 50.1M | 60.7M |
Pair Trading with Guardian Capital
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 Guardian Capital 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 Guardian Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Guardian Stock
The ability to find closely correlated positions to Guardian Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Capital 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 Guardian Capital - 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 Guardian Capital Group to buy it.
The correlation of Guardian Capital 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 Guardian Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Capital 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 Guardian Capital 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.Additional Tools for Guardian Stock Analysis
When running Guardian Capital's price analysis, check to measure Guardian Capital'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 Guardian Capital is operating at the current time. Most of Guardian Capital's value examination focuses on studying past and present price action to predict the probability of Guardian Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guardian Capital's price. Additionally, you may evaluate how the addition of Guardian Capital to your portfolios can decrease your overall portfolio volatility.