Gamehost Other Stockholder Equity vs Retained Earnings 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 Other Stockholder Equity and its Retained Earnings 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.

Other Stockholder Equity vs Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gamehost Other Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gamehost's Other Stockholder Equity and Retained Earnings is -0.09. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Gamehost, assuming nothing else is changed. The correlation between historical values of Gamehost's Other Stockholder Equity 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 Other Stockholder Equity of Gamehost 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 Other Stockholder Equity i.e., Gamehost's Other Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

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 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 Expense2.6M3.3M1.9M
Depreciation And Amortization4.8M4.3M3.2M

Gamehost fundamental ratios Correlations

0.730.220.780.930.980.51-0.910.620.891.0-0.120.890.610.930.730.910.420.120.820.510.940.740.96-0.50.94
0.730.260.810.440.820.9-0.490.720.60.73-0.220.60.560.450.960.580.110.440.970.660.660.880.64-0.070.6
0.220.260.20.180.260.21-0.110.170.170.2-0.370.170.770.130.190.140.27-0.10.210.350.330.280.12-0.240.13
0.780.810.20.560.820.68-0.610.820.780.78-0.130.780.480.630.680.660.10.250.880.560.780.970.7-0.240.7
0.930.440.180.560.860.22-0.910.370.80.92-0.10.80.570.980.450.930.58-0.150.540.380.870.50.94-0.540.91
0.980.820.260.820.860.62-0.850.660.840.99-0.220.840.650.870.80.880.390.150.880.570.910.810.93-0.420.9
0.510.90.210.680.220.62-0.260.620.370.52-0.190.370.470.20.840.350.180.40.830.80.430.770.50.220.5
-0.91-0.49-0.11-0.61-0.91-0.85-0.26-0.37-0.83-0.910.05-0.83-0.39-0.96-0.51-0.79-0.41-0.09-0.6-0.2-0.83-0.55-0.860.71-0.88
0.620.720.170.820.370.660.62-0.370.610.61-0.120.610.50.440.680.430.00.320.80.510.630.750.56-0.130.53
0.890.60.170.780.80.840.37-0.830.610.880.051.00.430.850.610.830.180.220.740.370.970.670.85-0.510.85
1.00.730.20.780.920.990.52-0.910.610.88-0.130.880.60.930.730.910.430.120.820.50.930.740.96-0.490.94
-0.12-0.22-0.37-0.13-0.1-0.22-0.190.05-0.120.05-0.130.05-0.33-0.09-0.17-0.02-0.130.41-0.17-0.23-0.05-0.18-0.010.0-0.01
0.890.60.170.780.80.840.37-0.830.611.00.880.050.430.850.610.830.180.220.740.370.970.670.85-0.510.85
0.610.560.770.480.570.650.47-0.390.50.430.6-0.330.430.480.50.560.55-0.170.540.670.640.530.58-0.150.53
0.930.450.130.630.980.870.2-0.960.440.850.93-0.090.850.480.460.870.47-0.080.570.280.880.540.91-0.640.91
0.730.960.190.680.450.80.84-0.510.680.610.73-0.170.610.50.460.560.060.530.950.570.650.730.64-0.130.59
0.910.580.140.660.930.880.35-0.790.430.830.91-0.020.830.560.870.560.44-0.050.650.510.890.610.92-0.320.86
0.420.110.270.10.580.390.18-0.410.00.180.43-0.130.180.550.470.060.44-0.420.080.450.340.130.56-0.120.56
0.120.44-0.10.25-0.150.150.4-0.090.320.220.120.410.22-0.17-0.080.53-0.05-0.420.45-0.080.110.270.04-0.160.05
0.820.970.210.880.540.880.83-0.60.80.740.82-0.170.740.540.570.950.650.080.450.60.770.90.72-0.20.69
0.510.660.350.560.380.570.8-0.20.510.370.5-0.230.370.670.280.570.510.45-0.080.60.50.610.580.390.58
0.940.660.330.780.870.910.43-0.830.630.970.93-0.050.970.640.880.650.890.340.110.770.50.710.9-0.470.88
0.740.880.280.970.50.810.77-0.550.750.670.74-0.180.670.530.540.730.610.130.270.90.610.710.65-0.160.64
0.960.640.120.70.940.930.5-0.860.560.850.96-0.010.850.580.910.640.920.560.040.720.580.90.65-0.380.98
-0.5-0.07-0.24-0.24-0.54-0.420.220.71-0.13-0.51-0.490.0-0.51-0.15-0.64-0.13-0.32-0.12-0.16-0.20.39-0.47-0.16-0.38-0.4
0.940.60.130.70.910.90.5-0.880.530.850.94-0.010.850.530.910.590.860.560.050.690.580.880.640.98-0.4
Click cells to compare fundamentals

Gamehost Account Relationship Matchups

Gamehost fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets176.2M175M188.4M183.4M179.4M137.4M
Short Long Term Debt Total45.6M51.6M61.9M66.3M57.8M35.7M
Other Current Liab3.6M100K28.2M2.0M1.4M1.4M
Total Current Liabilities28M20.6M31.3M33.3M26.8M22.9M
Total Stockholder Equity109.9M106.1M108M103.9M108.8M83.1M
Property Plant And Equipment Net77.1M81.8M87.3M85.3M81.7M59.1M
Net Debt30.2M41.3M46.3M50.7M43.8M46.0M
Non Current Assets Total156.8M160.7M165.7M163.4M159.7M121.7M
Non Currrent Assets Other(1.1M)(2.5M)(3M)(2.8M)1.2M1.2M
Common Stock Shares Outstanding24.3M23.8M23M22.5M21.8M19.3M
Liabilities And Stockholders Equity176.2M175M188.4M183.4M179.4M137.4M
Non Current Liabilities Total30.3M41.6M42.6M46.2M43.8M24.7M
Other Current Assets900K1.7M1.4M600K1.5M1.5M
Total Liab58.3M62.2M73.9M79.5M70.6M46.1M
Property Plant And Equipment Gross77.1M81.8M151.7M154.6M155.2M163.0M
Total Current Assets19.4M14.3M22.7M20M19.7M15.7M
Short Term Debt22.4M18.1M27.4M28.0M21.4M17.1M
Common Stock164.3M159.4M154.6M151.3M143.5M127.3M
Net Tangible Assets33M29.2M31.1M27M24.3M27.2M
Long Term Debt19.2M23.4M22.3M27.2M25.5M21.8M
Short Long Term Debt21.5M17.4M26.7M26.8M20.7M21.5M
Property Plant Equipment77M81.8M87.3M85.3M98.1M83.9M
Long Term Debt Total23.2M33.5M34.5M38.8M44.6M27.5M
Net Invested Capital150.6M146.9M157M157.9M155.0M166.8M
Net Working Capital(11.4M)(8.6M)(6.3M)(13.3M)(7.2M)(7.6M)
Capital Stock164.3M159.4M154.6M151.3M143.5M125.0M

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

  0.51SCD Scandium CanadaPairCorr
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 CorrelationCorrelation 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.