Guardian Change To Account Receivables vs Change To Liabilities Analysis

GCG Stock  CAD 44.00  0.50  1.15%   
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 Change To Account Receivables and its Change To Liabilities 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 board of governors.

Change To Account Receivables vs Change To Liabilities

Change To Account Receivables vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guardian Capital Change To Account Receivables account and Change To Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
Change To Account ReceivablesChange To LiabilitiesDiversified AwayChange To Account ReceivablesChange To LiabilitiesDiversified Away100%
The correlation between Guardian Capital's Change To Account Receivables and Change To Liabilities is -0.27. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Liabilities 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 Change To Account Receivables and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Guardian Capital Group are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Change To Account Receivables i.e., Guardian Capital's Change To Account Receivables and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Account Receivables

Change To Liabilities

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 board of governors.
As of the 29th of December 2024, Selling General Administrative is likely to drop to about 16.7 M. In addition to that, Tax Provision is likely to drop to about 14.2 M
 2021 2022 2023 2024 (projected)
Gross Profit154.5M103.1M131.2M86.1M
Total Revenue414.9M214.3M254.5M165.9M

Guardian Capital fundamental ratios Correlations

0.910.580.930.980.840.70.960.930.98-0.02-0.590.73-0.880.470.70.420.00.930.860.660.90.680.410.68-0.97
0.910.580.890.870.870.920.920.80.88-0.01-0.510.62-0.890.390.730.480.160.90.850.640.990.790.320.74-0.93
0.580.580.770.460.680.450.470.590.4-0.23-0.220.44-0.60.170.470.96-0.230.750.720.90.530.450.160.56-0.5
0.930.890.770.840.830.720.830.860.820.05-0.520.78-0.910.520.810.64-0.111.00.840.880.880.760.50.78-0.89
0.980.870.460.840.810.650.970.921.0-0.06-0.590.67-0.810.420.610.30.050.840.820.530.860.590.320.58-0.95
0.840.870.680.830.810.760.880.750.78-0.23-0.290.57-0.720.360.590.620.220.830.950.660.820.70.160.72-0.86
0.70.920.450.720.650.760.750.490.680.08-0.440.45-0.760.350.630.410.220.730.670.490.920.730.150.64-0.78
0.960.920.470.830.970.880.750.890.97-0.14-0.460.6-0.790.360.610.340.150.840.880.510.90.680.290.66-0.96
0.930.80.590.860.920.750.490.890.9-0.13-0.450.67-0.790.320.650.420.020.860.840.660.780.610.470.65-0.87
0.980.880.40.821.00.780.680.970.9-0.03-0.590.66-0.810.430.630.240.050.830.790.480.870.610.360.59-0.95
-0.02-0.01-0.230.05-0.06-0.230.08-0.14-0.13-0.03-0.330.4-0.150.560.22-0.24-0.330.06-0.340.050.060.050.27-0.08-0.07
-0.59-0.51-0.22-0.52-0.59-0.29-0.44-0.46-0.45-0.59-0.33-0.480.74-0.4-0.47-0.140.13-0.51-0.2-0.37-0.53-0.18-0.2-0.160.53
0.730.620.440.780.670.570.450.60.670.660.4-0.48-0.70.870.710.34-0.130.790.560.710.620.520.430.53-0.71
-0.88-0.89-0.6-0.91-0.81-0.72-0.76-0.79-0.79-0.81-0.150.74-0.7-0.41-0.88-0.49-0.02-0.91-0.68-0.77-0.9-0.74-0.51-0.740.86
0.470.390.170.520.420.360.350.360.320.430.56-0.40.87-0.410.410.13-0.150.520.280.420.390.270.20.2-0.47
0.70.730.470.810.610.590.630.610.650.630.22-0.470.71-0.880.410.350.030.830.560.750.750.860.730.88-0.72
0.420.480.960.640.30.620.410.340.420.24-0.24-0.140.34-0.490.130.35-0.120.610.640.840.420.34-0.020.45-0.37
0.00.16-0.23-0.110.050.220.220.150.020.05-0.330.13-0.13-0.02-0.150.03-0.12-0.080.21-0.180.140.19-0.120.18-0.06
0.930.90.751.00.840.830.730.840.860.830.06-0.510.79-0.910.520.830.61-0.080.840.870.890.790.530.81-0.9
0.860.850.720.840.820.950.670.880.840.79-0.34-0.20.56-0.680.280.560.640.210.840.680.790.660.20.71-0.82
0.660.640.90.880.530.660.490.510.660.480.05-0.370.71-0.770.420.750.84-0.180.870.680.620.630.450.72-0.61
0.90.990.530.880.860.820.920.90.780.870.06-0.530.62-0.90.390.750.420.140.890.790.620.790.360.74-0.92
0.680.790.450.760.590.70.730.680.610.610.05-0.180.52-0.740.270.860.340.190.790.660.630.790.70.96-0.75
0.410.320.160.50.320.160.150.290.470.360.27-0.20.43-0.510.20.73-0.02-0.120.530.20.450.360.70.68-0.4
0.680.740.560.780.580.720.640.660.650.59-0.08-0.160.53-0.740.20.880.450.180.810.710.720.740.960.68-0.73
-0.97-0.93-0.5-0.89-0.95-0.86-0.78-0.96-0.87-0.95-0.070.53-0.710.86-0.47-0.72-0.37-0.06-0.9-0.82-0.61-0.92-0.75-0.4-0.73
Click cells to compare fundamentals

Guardian Capital Account Relationship Matchups

Guardian Capital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.2B1.4B1.4B1.7B1.8B
Short Long Term Debt Total128.8M109.2M129.3M157.1M158.6M166.6M
Other Current Liab14.3M59.1M121.0M235.8M59.6M62.6M
Total Current Liabilities348.2M353.8M482.9M509.5M414.1M434.8M
Total Stockholder Equity694.2M717.7M852.6M782.9M1.2B1.3B
Property Plant And Equipment Net18.5M16.1M16.6M25.3M22.2M23.3M
Net Debt94.6M67.5M52.2M102.2M86.2M90.5M
Retained Earnings658.1M681.0M822.2M733.3M1.2B1.3B
Cash34.2M41.7M77.1M54.9M72.4M76.0M
Non Current Assets Total872.6M870.9M1.0B825.9M1.5B1.5B
Non Currrent Assets Other702.8M789.1M872.6M2.02.32.18
Other Assets4.9M5.3M15.7M794K714.6K678.9K
Cash And Short Term Investments141.5M84.9M131.6M122.3M139.3M108.0M
Common Stock Shares Outstanding27.5M27.1M26.9M24.4M25.5M27.4M
Short Term Investments107.3M43.2M54.5M67.4M66.9M79.1M
Liabilities And Stockholders Equity1.1B1.2B1.4B1.4B1.7B1.8B
Non Current Liabilities Total87.6M82.0M93.2M72.4M76.0M43.7M
Other Current Assets15.4M60.3M126.1M368.1M67.9M46.5M
Other Stockholder Equity(8.1M)(7.4M)(6.6M)(7.1M)(4.1M)(4.3M)
Total Liab435.8M435.9M576.1M581.9M490.1M514.6M
Property Plant And Equipment Gross18.5M16.1M37.0M37.7M35.4M37.2M
Total Current Assets257.4M282.7M424.6M538.9M262.3M191.6M
Accumulated Other Comprehensive Income14.1M7.3M4.9M24.1M13.4M12.7M
Short Term Debt116.4M98.3M118.0M133.2M139.2M146.2M
Intangible Assets129.8M161.2M168.2M96.9M85.4M89.7M
Net Receivables100.5M137.5M166.9M48.4M55.0M76.0M
Good Will40.6M60.2M66.6M42.5M41.6M24.8M
Common Stock Total Equity19.9M19.1M18.7M18.6M16.8M16.9M
Common Stock18.7M18.6M18.1M17.6M16.8M16.3M
Accounts Payable109.0M143.1M188.8M79.8M91.5M100.4M
Current Deferred Revenue106.4M43.1M53.5M59.1M50.1M60.7M
Other Liab75.2M71.2M81.9M50.2M57.7M65.6M
Net Tangible Assets515.9M482.7M618.5M642.0M738.3M565.3M
Deferred Long Term Liab3.6M4.5M14.9M13.6M15.6M16.4M
Long Term Investments682.3M632.6M751.9M660.4M1.3B746.0M
Short Long Term Debt113.7M95.7M114.9M131.6M137.7M101.3M
Property Plant Equipment18.5M16.1M16.6M25.3M29.1M30.6M
Capital Surpluse20.0M22.1M25.1M28.5M32.7M21.4M
Treasury Stock(25.2M)(28.1M)(29.5M)(31.7M)(28.5M)(30.0M)

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 together with Guardian Stock

  0.63JPM JPMorgan ChasePairCorr
  0.62BOFA Bank of AmericaPairCorr
  0.77GOOG Alphabet CDRPairCorr
  0.73MSFT Microsoft Corp CDRPairCorr

Moving against Guardian Stock

  0.71PFE Pfizer Inc CDRPairCorr
  0.33TKU Tarku ResourcesPairCorr
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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Guardian Stock

Balance Sheet is a snapshot of the financial position of Guardian Capital at a specified time, usually calculated after every quarter, six months, or one year. Guardian Capital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guardian Capital 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 Guardian currently owns. An asset can also be divided into two categories, current and non-current.
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