Guardian Short Term Investments vs Retained Earnings Analysis

GCG Stock  CAD 43.50  0.70  1.58%   
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 Short Term Investments and its Retained Earnings 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.

Short Term Investments vs Retained Earnings

Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guardian Capital Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
Short Term InvestmentsRetained EarningsDiversified AwayShort Term InvestmentsRetained EarningsDiversified Away100%
The correlation between Guardian Capital's Short Term Investments and Retained Earnings is 0.36. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Retained Earnings 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 Short Term Investments 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 Short Term Investments of Guardian Capital Group 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 Short Term Investments i.e., Guardian Capital's Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of Guardian Capital balance sheet. It contains any investments Guardian Capital Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Guardian Capital can easily liquidate in the marketplace.

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 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 22nd 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

  0.64JPM JPMorgan ChasePairCorr
  0.65BOFA Bank of AmericaPairCorr
  0.75GOOG Alphabet CDRPairCorr
  0.66MSFT Microsoft Corp CDRPairCorr

Moving against Guardian Stock

  0.74PFE Pfizer Inc CDRPairCorr
  0.39TKU 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.