Canada Intangible Assets from 2010 to 2026
| GOOS Stock | CAD 19.72 0.58 3.03% |
Intangible Assets | First Reported 2016-03-31 | Previous Quarter 130.9 M | Current Value 132.2 M | Quarterly Volatility 11.9 M |
Check Canada Goose financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canada Goose's main balance sheet or income statement drivers, such as Depreciation And Amortization of 157.8 M, Interest Expense of 49.5 M or Selling General Administrative of 951.9 M, as well as many indicators such as Price To Sales Ratio of 0.89, Dividend Yield of 0.096 or PTB Ratio of 2.23. Canada financial statements analysis is a perfect complement when working with Canada Goose Valuation or Volatility modules.
Canada | Intangible Assets |
Latest Canada Goose's Intangible Assets Growth Pattern
Below is the plot of the Intangible Assets of Canada Goose Holdings over the last few years. It is non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value. Canada Goose's Intangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canada Goose's overall financial position and show how it may be relating to other accounts over time.
| Intangible Assets | 10 Years Trend |
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Intangible Assets |
| Timeline |
Canada Intangible Assets Regression Statistics
| Arithmetic Mean | 135,541,618 | |
| Geometric Mean | 134,872,786 | |
| Coefficient Of Variation | 10.42 | |
| Mean Deviation | 11,628,093 | |
| Median | 131,912,000 | |
| Standard Deviation | 14,117,035 | |
| Sample Variance | 199.3T | |
| Range | 39.7M | |
| R-Value | 0.60 | |
| Mean Square Error | 137.3T | |
| R-Squared | 0.35 | |
| Significance | 0.01 | |
| Slope | 1,663,696 | |
| Total Sum of Squares | 3188.7T |
Canada Intangible Assets History
About Canada Goose Financial Statements
Canada Goose investors utilize fundamental indicators, such as Intangible Assets, to predict how Canada Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Intangible Assets | 151.7 M | 151.3 M |
Pair Trading with Canada Goose
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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.Moving against Canada Stock
| 0.46 | L | Loblaw Companies | PairCorr |
| 0.41 | WN | George Weston Limited | PairCorr |
| 0.41 | POW | Power | PairCorr |
| 0.4 | DOL | Dollarama | PairCorr |
| 0.32 | ELD | Eldorado Gold Corp | PairCorr |
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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.Check out the analysis of Canada Goose Correlation against competitors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.