Great Cash vs Short Term Investments Analysis

GR Stock  CAD 0.06  0.00  0.00%   
Great Atlantic financial indicator trend analysis is much more than just examining Great Atlantic Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Atlantic Resources is a good investment. Please check the relationship between Great Atlantic Cash and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Atlantic Resources. 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.

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Atlantic Resources Cash account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Great Atlantic's Cash and Short Term Investments is 0.56. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Great Atlantic Resources, assuming nothing else is changed. The correlation between historical values of Great Atlantic's Cash and Short Term Investments 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 of Great Atlantic Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Great Atlantic's Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Cash

Cash refers to the most liquid asset of Great Atlantic Resources, which is listed under current asset account on Great Atlantic Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Great Atlantic customers. The amounts must be unrestricted with restricted cash listed in a different Great Atlantic account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Term Investments

Short Term Investments is an item under the current assets section of Great Atlantic balance sheet. It contains any investments Great Atlantic Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Great Atlantic Resources can easily liquidate in the marketplace.
Most indicators from Great Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Atlantic Resources 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 Great Atlantic Resources. 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.
At this time, Great Atlantic's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 421.6 K in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization166.9K250.0K229.8K241.3K
Income Tax Expense670.4K271.6K3.02.85

Great Atlantic fundamental ratios Correlations

-0.170.77-0.6-0.54-0.270.750.770.740.550.390.94-0.110.790.740.240.180.24-0.160.7-0.110.660.40.970.470.74
-0.17-0.750.64-0.650.95-0.390.12-0.42-0.430.81-0.060.99-0.450.140.760.520.64-0.2-0.120.940.43-0.4-0.310.040.01
0.77-0.75-0.820.06-0.790.760.420.770.63-0.270.65-0.710.820.39-0.35-0.25-0.250.010.57-0.670.170.530.850.290.49
-0.60.64-0.82-0.090.76-0.940.01-0.94-0.650.32-0.470.63-0.940.040.430.390.220.0-0.380.49-0.09-0.6-0.75-0.26-0.03
-0.54-0.650.06-0.09-0.6-0.21-0.59-0.21-0.14-0.87-0.6-0.7-0.22-0.58-0.8-0.42-0.740.54-0.25-0.57-0.89-0.13-0.41-0.54-0.5
-0.270.95-0.790.76-0.6-0.550.13-0.57-0.50.71-0.160.95-0.590.150.720.480.52-0.29-0.260.80.35-0.44-0.45-0.030.04
0.75-0.390.76-0.94-0.21-0.550.180.990.690.020.69-0.370.980.14-0.1-0.110.06-0.040.39-0.250.360.560.860.40.17
0.770.120.420.01-0.590.130.180.160.070.560.750.190.220.990.450.440.28-0.140.640.050.67-0.040.60.240.98
0.74-0.420.77-0.94-0.21-0.570.990.160.72-0.010.68-0.390.990.12-0.1-0.150.08-0.080.38-0.280.360.670.860.50.16
0.55-0.430.63-0.65-0.14-0.50.690.070.72-0.040.56-0.390.770.020.0-0.120.15-0.160.09-0.30.220.630.650.530.04
0.390.81-0.270.32-0.870.710.020.56-0.01-0.040.530.85-0.010.560.940.760.81-0.120.180.80.79-0.150.230.370.44
0.94-0.060.65-0.47-0.6-0.160.690.750.680.560.530.020.710.730.450.440.43-0.030.50.010.760.390.880.580.72
-0.110.99-0.710.63-0.70.95-0.370.19-0.39-0.390.850.02-0.420.20.820.590.68-0.19-0.120.930.49-0.39-0.270.080.07
0.79-0.450.82-0.94-0.22-0.590.980.220.990.77-0.010.71-0.420.18-0.12-0.180.07-0.110.46-0.30.370.660.90.490.22
0.740.140.390.04-0.580.150.140.990.120.020.560.730.20.180.440.450.26-0.120.640.060.65-0.020.570.240.99
0.240.76-0.350.43-0.80.72-0.10.45-0.10.00.940.450.82-0.120.440.810.85-0.11-0.10.730.71-0.060.080.470.33
0.180.52-0.250.39-0.420.48-0.110.44-0.15-0.120.760.440.59-0.180.450.810.590.42-0.120.560.48-0.30.020.150.35
0.240.64-0.250.22-0.740.520.060.280.080.150.810.430.680.070.260.850.59-0.110.020.70.780.140.20.660.17
-0.16-0.20.010.00.54-0.29-0.04-0.14-0.08-0.16-0.12-0.03-0.19-0.11-0.12-0.110.42-0.11-0.030.02-0.31-0.19-0.13-0.23-0.13
0.7-0.120.57-0.38-0.25-0.260.390.640.380.090.180.5-0.120.460.64-0.1-0.120.02-0.03-0.040.380.150.690.140.65
-0.110.94-0.670.49-0.570.8-0.250.05-0.28-0.30.80.010.93-0.30.060.730.560.70.02-0.040.41-0.34-0.210.09-0.09
0.660.430.17-0.09-0.890.350.360.670.360.220.790.760.490.370.650.710.480.78-0.310.380.410.210.580.620.62
0.4-0.40.53-0.6-0.13-0.440.56-0.040.670.63-0.150.39-0.390.66-0.02-0.06-0.30.14-0.190.15-0.340.210.540.790.03
0.97-0.310.85-0.75-0.41-0.450.860.60.860.650.230.88-0.270.90.570.080.020.2-0.130.69-0.210.580.540.530.59
0.470.040.29-0.26-0.54-0.030.40.240.50.530.370.580.080.490.240.470.150.66-0.230.140.090.620.790.530.24
0.740.010.49-0.03-0.50.040.170.980.160.040.440.720.070.220.990.330.350.17-0.130.65-0.090.620.030.590.24
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Great Atlantic Account Relationship Matchups

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