Gamehost Inventory vs Short Term Debt Analysis

GH Stock

CAD 10.77 0.05 0.46%

Gamehost financial indicator trend analysis is much more than just examining Gamehost latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gamehost is a good investment. Please check the relationship between Gamehost Inventory and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gamehost. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Inventory vs Short Term Debt

Inventory vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gamehost Inventory account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Gamehost's Inventory and Short Term Debt is 0.61. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Gamehost, assuming nothing else is changed. The correlation between historical values of Gamehost's Inventory and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Gamehost are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Inventory i.e., Gamehost's Inventory and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Short Term Debt

Most indicators from Gamehost's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gamehost 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 Gamehost. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Gamehost's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 276.3 M, while Tax Provision is likely to drop about 3.8 M.

	2022	2023	2024 (projected)
Interest Expense	2.6M	3.3M	1.9M
Depreciation And Amortization	4.8M	4.3M	3.2M

Interest Expense Depreciation And Amortization

Gamehost fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.73	0.22	0.78	0.93	0.98	0.51	-0.91	0.62	0.89	1.0	-0.12	0.89	0.61	0.93	0.73	0.91	0.42	0.12	0.82	0.51	0.94	0.74	0.96	-0.5	0.94
Short Long Term Debt Total	0.73		0.26	0.81	0.44	0.82	0.9	-0.49	0.72	0.6	0.73	-0.22	0.6	0.56	0.45	0.96	0.58	0.11	0.44	0.97	0.66	0.66	0.88	0.64	-0.07	0.6
Other Current Liab	0.22	0.26		0.2	0.18	0.26	0.21	-0.11	0.17	0.17	0.2	-0.37	0.17	0.77	0.13	0.19	0.14	0.27	-0.1	0.21	0.35	0.33	0.28	0.12	-0.24	0.13
Total Current Liabilities	0.78	0.81	0.2		0.56	0.82	0.68	-0.61	0.82	0.78	0.78	-0.13	0.78	0.48	0.63	0.68	0.66	0.1	0.25	0.88	0.56	0.78	0.97	0.7	-0.24	0.7
Total Stockholder Equity	0.93	0.44	0.18	0.56		0.86	0.22	-0.91	0.37	0.8	0.92	-0.1	0.8	0.57	0.98	0.45	0.93	0.58	-0.15	0.54	0.38	0.87	0.5	0.94	-0.54	0.91
Property Plant And Equipment Net	0.98	0.82	0.26	0.82	0.86		0.62	-0.85	0.66	0.84	0.99	-0.22	0.84	0.65	0.87	0.8	0.88	0.39	0.15	0.88	0.57	0.91	0.81	0.93	-0.42	0.9
Net Debt	0.51	0.9	0.21	0.68	0.22	0.62		-0.26	0.62	0.37	0.52	-0.19	0.37	0.47	0.2	0.84	0.35	0.18	0.4	0.83	0.8	0.43	0.77	0.5	0.22	0.5
Retained Earnings	-0.91	-0.49	-0.11	-0.61	-0.91	-0.85	-0.26		-0.37	-0.83	-0.91	0.05	-0.83	-0.39	-0.96	-0.51	-0.79	-0.41	-0.09	-0.6	-0.2	-0.83	-0.55	-0.86	0.71	-0.88
Accounts Payable	0.62	0.72	0.17	0.82	0.37	0.66	0.62	-0.37		0.61	0.61	-0.12	0.61	0.5	0.44	0.68	0.43	0.0	0.32	0.8	0.51	0.63	0.75	0.56	-0.13	0.53
Cash	0.89	0.6	0.17	0.78	0.8	0.84	0.37	-0.83	0.61		0.88	0.05	1.0	0.43	0.85	0.61	0.83	0.18	0.22	0.74	0.37	0.97	0.67	0.85	-0.51	0.85
Non Current Assets Total	1.0	0.73	0.2	0.78	0.92	0.99	0.52	-0.91	0.61	0.88		-0.13	0.88	0.6	0.93	0.73	0.91	0.43	0.12	0.82	0.5	0.93	0.74	0.96	-0.49	0.94
Non Currrent Assets Other	-0.12	-0.22	-0.37	-0.13	-0.1	-0.22	-0.19	0.05	-0.12	0.05	-0.13		0.05	-0.33	-0.09	-0.17	-0.02	-0.13	0.41	-0.17	-0.23	-0.05	-0.18	-0.01	0.0	-0.01
Cash And Short Term Investments	0.89	0.6	0.17	0.78	0.8	0.84	0.37	-0.83	0.61	1.0	0.88	0.05		0.43	0.85	0.61	0.83	0.18	0.22	0.74	0.37	0.97	0.67	0.85	-0.51	0.85
Net Receivables	0.61	0.56	0.77	0.48	0.57	0.65	0.47	-0.39	0.5	0.43	0.6	-0.33	0.43		0.48	0.5	0.56	0.55	-0.17	0.54	0.67	0.64	0.53	0.58	-0.15	0.53
Common Stock Shares Outstanding	0.93	0.45	0.13	0.63	0.98	0.87	0.2	-0.96	0.44	0.85	0.93	-0.09	0.85	0.48		0.46	0.87	0.47	-0.08	0.57	0.28	0.88	0.54	0.91	-0.64	0.91
Non Current Liabilities Total	0.73	0.96	0.19	0.68	0.45	0.8	0.84	-0.51	0.68	0.61	0.73	-0.17	0.61	0.5	0.46		0.56	0.06	0.53	0.95	0.57	0.65	0.73	0.64	-0.13	0.59
Inventory	0.91	0.58	0.14	0.66	0.93	0.88	0.35	-0.79	0.43	0.83	0.91	-0.02	0.83	0.56	0.87	0.56		0.44	-0.05	0.65	0.51	0.89	0.61	0.92	-0.32	0.86
Other Current Assets	0.42	0.11	0.27	0.1	0.58	0.39	0.18	-0.41	0.0	0.18	0.43	-0.13	0.18	0.55	0.47	0.06	0.44		-0.42	0.08	0.45	0.34	0.13	0.56	-0.12	0.56
Other Stockholder Equity	0.12	0.44	-0.1	0.25	-0.15	0.15	0.4	-0.09	0.32	0.22	0.12	0.41	0.22	-0.17	-0.08	0.53	-0.05	-0.42		0.45	-0.08	0.11	0.27	0.04	-0.16	0.05
Total Liab	0.82	0.97	0.21	0.88	0.54	0.88	0.83	-0.6	0.8	0.74	0.82	-0.17	0.74	0.54	0.57	0.95	0.65	0.08	0.45		0.6	0.77	0.9	0.72	-0.2	0.69
Property Plant And Equipment Gross	0.51	0.66	0.35	0.56	0.38	0.57	0.8	-0.2	0.51	0.37	0.5	-0.23	0.37	0.67	0.28	0.57	0.51	0.45	-0.08	0.6		0.5	0.61	0.58	0.39	0.58
Total Current Assets	0.94	0.66	0.33	0.78	0.87	0.91	0.43	-0.83	0.63	0.97	0.93	-0.05	0.97	0.64	0.88	0.65	0.89	0.34	0.11	0.77	0.5		0.71	0.9	-0.47	0.88
Short Term Debt	0.74	0.88	0.28	0.97	0.5	0.81	0.77	-0.55	0.75	0.67	0.74	-0.18	0.67	0.53	0.54	0.73	0.61	0.13	0.27	0.9	0.61	0.71		0.65	-0.16	0.64
Intangible Assets	0.96	0.64	0.12	0.7	0.94	0.93	0.5	-0.86	0.56	0.85	0.96	-0.01	0.85	0.58	0.91	0.64	0.92	0.56	0.04	0.72	0.58	0.9	0.65		-0.38	0.98
Current Deferred Revenue	-0.5	-0.07	-0.24	-0.24	-0.54	-0.42	0.22	0.71	-0.13	-0.51	-0.49	0.0	-0.51	-0.15	-0.64	-0.13	-0.32	-0.12	-0.16	-0.2	0.39	-0.47	-0.16	-0.38		-0.4
Good Will	0.94	0.6	0.13	0.7	0.91	0.9	0.5	-0.88	0.53	0.85	0.94	-0.01	0.85	0.53	0.91	0.59	0.86	0.56	0.05	0.69	0.58	0.88	0.64	0.98	-0.4

Click cells to compare fundamentals

Gamehost Account Relationship Matchups

Gamehost fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	176.2M	175M	188.4M	183.4M	179.4M	137.4M
Short Long Term Debt Total	45.6M	51.6M	61.9M	66.3M	57.8M	35.7M
Other Current Liab	3.6M	100K	28.2M	2.0M	1.4M	1.4M
Total Current Liabilities	28M	20.6M	31.3M	33.3M	26.8M	22.9M
Total Stockholder Equity	109.9M	106.1M	108M	103.9M	108.8M	83.1M
Property Plant And Equipment Net	77.1M	81.8M	87.3M	85.3M	81.7M	59.1M
Net Debt	30.2M	41.3M	46.3M	50.7M	43.8M	46.0M
Non Current Assets Total	156.8M	160.7M	165.7M	163.4M	159.7M	121.7M
Non Currrent Assets Other	(1.1M)	(2.5M)	(3M)	(2.8M)	1.2M	1.2M
Common Stock Shares Outstanding	24.3M	23.8M	23M	22.5M	21.8M	19.3M
Liabilities And Stockholders Equity	176.2M	175M	188.4M	183.4M	179.4M	137.4M
Non Current Liabilities Total	30.3M	41.6M	42.6M	46.2M	43.8M	24.7M
Other Current Assets	900K	1.7M	1.4M	600K	1.5M	1.5M
Total Liab	58.3M	62.2M	73.9M	79.5M	70.6M	46.1M
Property Plant And Equipment Gross	77.1M	81.8M	151.7M	154.6M	155.2M	163.0M
Total Current Assets	19.4M	14.3M	22.7M	20M	19.7M	15.7M
Short Term Debt	22.4M	18.1M	27.4M	28.0M	21.4M	17.1M
Common Stock	164.3M	159.4M	154.6M	151.3M	143.5M	127.3M
Net Tangible Assets	33M	29.2M	31.1M	27M	24.3M	27.2M
Long Term Debt	19.2M	23.4M	22.3M	27.2M	25.5M	21.8M
Short Long Term Debt	21.5M	17.4M	26.7M	26.8M	20.7M	21.5M
Property Plant Equipment	77M	81.8M	87.3M	85.3M	98.1M	83.9M
Long Term Debt Total	23.2M	33.5M	34.5M	38.8M	44.6M	27.5M
Net Invested Capital	150.6M	146.9M	157M	157.9M	155.0M	166.8M
Net Working Capital	(11.4M)	(8.6M)	(6.3M)	(13.3M)	(7.2M)	(7.6M)
Capital Stock	164.3M	159.4M	154.6M	151.3M	143.5M	125.0M

Pair Trading with Gamehost

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

Moving against Gamehost Stock

0.51

SCD

Scandium Canada

Pair Corr

The ability to find closely correlated positions to Gamehost could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamehost 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 Gamehost - 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 Gamehost to buy it.

The correlation of Gamehost 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 Gamehost moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamehost 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 Gamehost 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 Correlation Correlation Matching

Other Information on Investing in Gamehost Stock

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

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Gamehost Inventory vs Short Term Debt Analysis

Inventory vs Short Term Debt

Inventory vs Short Term Debt Correlation Analysis

Correlation Coefficient

Inventory

Short Term Debt

Gamehost fundamental ratios Correlations

Gamehost Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gamehost fundamental ratios Accounts

Pair Trading with Gamehost

Moving against Gamehost Stock

Other Information on Investing in Gamehost Stock

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Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Total Stockholder Equity
Good Will	+ 0.98	Intangible Assets

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Non Current Assets Total	- 0.91	Retained Earnings
Retained Earnings	- 0.91	Total Stockholder Equity
Retained Earnings	- 0.91	Total Assets
Good Will	- 0.88	Retained Earnings
Intangible Assets	- 0.86	Retained Earnings