Cineplex Net Income vs Investments Analysis

CGX Stock

CAD 10.21 0.06 0.59%

Cineplex financial indicator trend analysis is way more than just evaluating Cineplex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cineplex is a good investment. Please check the relationship between Cineplex Net Income and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cineplex. 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.

Net Income vs Investments

Net Income vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cineplex Net Income account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cineplex's Net Income and Investments is -0.36. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Investments in the same time period over historical financial statements of Cineplex, assuming nothing else is changed. The correlation between historical values of Cineplex's Net Income and 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 Net Income of Cineplex are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Income i.e., Cineplex's Net Income and Investments go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Cineplex financial statement analysis. It represents the amount of money remaining after all of Cineplex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from Cineplex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cineplex 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cineplex. 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, Cineplex's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, though Tax Provision is likely to grow to (140.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	439.8M	848.0M	926.9M	686.8M
Total Revenue	656.7M	1.3B	1.4B	1.1B

Gross Profit Total Revenue

Cineplex fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Property Plant And Equipment Net	Current Deferred Revenue	Good Will	Inventory	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Intangible Assets
Total Assets		0.73	0.91	-0.18	0.73	-0.47	0.53	0.13	1.0	-0.3	0.13	0.77	0.55	-0.34	0.82	0.83	0.72	0.76	0.82	0.79	0.28	0.73	0.75	0.51	0.62	-0.45
Other Current Liab	0.73		0.69	0.15	0.35	-0.13	0.68	0.27	0.7	0.12	0.27	0.69	0.66	-0.58	0.46	0.8	0.34	0.38	0.41	0.48	0.51	0.5	0.51	0.28	0.06	-0.05
Total Current Liabilities	0.91	0.69		-0.16	0.62	-0.47	0.7	0.25	0.9	-0.1	0.25	0.78	0.53	-0.3	0.73	0.86	0.61	0.64	0.65	0.86	0.32	0.82	0.76	0.49	0.64	-0.33
Total Stockholder Equity	-0.18	0.15	-0.16		-0.77	0.91	0.38	0.36	-0.2	0.25	0.36	0.3	-0.25	-0.09	-0.67	0.07	-0.77	-0.74	-0.55	-0.44	0.59	-0.28	-0.36	-0.86	-0.54	0.55
Net Debt	0.73	0.35	0.62	-0.77		-0.88	0.07	-0.15	0.75	-0.34	-0.15	0.29	0.49	-0.14	0.98	0.45	1.0	1.0	0.89	0.73	-0.16	0.61	0.68	0.92	0.72	-0.67
Retained Earnings	-0.47	-0.13	-0.47	0.91	-0.88		0.07	0.08	-0.49	0.31	0.08	0.01	-0.48	0.03	-0.85	-0.24	-0.88	-0.87	-0.63	-0.64	0.42	-0.46	-0.49	-0.92	-0.62	0.69
Accounts Payable	0.53	0.68	0.7	0.38	0.07	0.07		0.62	0.5	0.38	0.62	0.7	0.35	-0.15	0.22	0.72	0.06	0.09	0.06	0.37	0.63	0.49	0.44	0.06	0.11	0.02
Cash	0.13	0.27	0.25	0.36	-0.15	0.08	0.62		0.11	0.3	1.0	0.19	0.35	0.17	-0.04	0.34	-0.16	-0.13	-0.31	-0.14	0.16	-0.12	-0.16	-0.06	0.01	-0.28
Non Current Assets Total	1.0	0.7	0.9	-0.2	0.75	-0.49	0.5	0.11		-0.32	0.11	0.75	0.52	-0.33	0.83	0.8	0.74	0.77	0.84	0.79	0.25	0.71	0.74	0.53	0.63	-0.47
Non Currrent Assets Other	-0.3	0.12	-0.1	0.25	-0.34	0.31	0.38	0.3	-0.32		0.3	-0.13	-0.03	0.04	-0.32	-0.04	-0.33	-0.36	-0.39	-0.26	0.21	-0.11	-0.04	-0.04	-0.3	0.24
Cash And Short Term Investments	0.13	0.27	0.25	0.36	-0.15	0.08	0.62	1.0	0.11	0.3		0.19	0.35	0.17	-0.04	0.34	-0.16	-0.13	-0.31	-0.14	0.16	-0.12	-0.16	-0.06	0.01	-0.28
Net Receivables	0.77	0.69	0.78	0.3	0.29	0.01	0.7	0.19	0.75	-0.13	0.19		0.33	-0.44	0.42	0.89	0.27	0.32	0.41	0.61	0.69	0.74	0.64	0.05	0.3	0.01
Common Stock Shares Outstanding	0.55	0.66	0.53	-0.25	0.49	-0.48	0.35	0.35	0.52	-0.03	0.35	0.33		-0.22	0.55	0.69	0.49	0.51	0.32	0.34	0.02	0.25	0.23	0.53	0.3	-0.38
Other Stockholder Equity	-0.34	-0.58	-0.3	-0.09	-0.14	0.03	-0.15	0.17	-0.33	0.04	0.17	-0.44	-0.22		-0.2	-0.37	-0.13	-0.18	-0.21	-0.42	-0.49	-0.4	-0.35	-0.08	0.21	-0.25
Total Liab	0.82	0.46	0.73	-0.67	0.98	-0.85	0.22	-0.04	0.83	-0.32	-0.04	0.42	0.55	-0.2		0.57	0.98	0.99	0.87	0.79	-0.04	0.67	0.72	0.89	0.71	-0.65
Total Current Assets	0.83	0.8	0.86	0.07	0.45	-0.24	0.72	0.34	0.8	-0.04	0.34	0.89	0.69	-0.37	0.57		0.44	0.48	0.47	0.61	0.47	0.73	0.66	0.32	0.43	-0.2
Short Long Term Debt Total	0.72	0.34	0.61	-0.77	1.0	-0.88	0.06	-0.16	0.74	-0.33	-0.16	0.27	0.49	-0.13	0.98	0.44		1.0	0.88	0.72	-0.17	0.6	0.68	0.92	0.72	-0.67
Non Current Liabilities Total	0.76	0.38	0.64	-0.74	1.0	-0.87	0.09	-0.13	0.77	-0.36	-0.13	0.32	0.51	-0.18	0.99	0.48	1.0		0.88	0.74	-0.13	0.61	0.69	0.91	0.69	-0.67
Property Plant And Equipment Net	0.82	0.41	0.65	-0.55	0.89	-0.63	0.06	-0.31	0.84	-0.39	-0.31	0.41	0.32	-0.21	0.87	0.47	0.88	0.88		0.71	-0.09	0.64	0.74	0.69	0.73	-0.53
Current Deferred Revenue	0.79	0.48	0.86	-0.44	0.73	-0.64	0.37	-0.14	0.79	-0.26	-0.14	0.61	0.34	-0.42	0.79	0.61	0.72	0.74	0.71		0.22	0.84	0.76	0.6	0.57	-0.3
Good Will	0.28	0.51	0.32	0.59	-0.16	0.42	0.63	0.16	0.25	0.21	0.16	0.69	0.02	-0.49	-0.04	0.47	-0.17	-0.13	-0.09	0.22		0.32	0.25	-0.27	-0.27	0.53
Inventory	0.73	0.5	0.82	-0.28	0.61	-0.46	0.49	-0.12	0.71	-0.11	-0.12	0.74	0.25	-0.4	0.67	0.73	0.6	0.61	0.64	0.84	0.32		0.93	0.49	0.54	-0.14
Other Current Assets	0.75	0.51	0.76	-0.36	0.68	-0.49	0.44	-0.16	0.74	-0.04	-0.16	0.64	0.23	-0.35	0.72	0.66	0.68	0.69	0.74	0.76	0.25	0.93		0.58	0.55	-0.24
Property Plant And Equipment Gross	0.51	0.28	0.49	-0.86	0.92	-0.92	0.06	-0.06	0.53	-0.04	-0.06	0.05	0.53	-0.08	0.89	0.32	0.92	0.91	0.69	0.6	-0.27	0.49	0.58		0.6	-0.66
Short Term Debt	0.62	0.06	0.64	-0.54	0.72	-0.62	0.11	0.01	0.63	-0.3	0.01	0.3	0.3	0.21	0.71	0.43	0.72	0.69	0.73	0.57	-0.27	0.54	0.55	0.6		-0.57
Intangible Assets	-0.45	-0.05	-0.33	0.55	-0.67	0.69	0.02	-0.28	-0.47	0.24	-0.28	0.01	-0.38	-0.25	-0.65	-0.2	-0.67	-0.67	-0.53	-0.3	0.53	-0.14	-0.24	-0.66	-0.57

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Cineplex Account Relationship Matchups

Cineplex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	2.3B	2.1B	2.2B	2.3B	1.6B
Other Current Liab	116.8M	48.7M	62.5M	73.5M	113.3M	60.5M
Total Current Liabilities	590.6M	408.7M	562.2M	515.7M	482.3M	329.2M
Total Stockholder Equity	591.1M	24.2M	(219.7M)	(211.8M)	(39.4M)	(37.5M)
Net Debt	2.0B	1.9B	1.8B	1.9B	1.9B	2.0B
Retained Earnings	(264.3M)	(903.4M)	(1.2B)	(1.1B)	(982.0M)	(932.9M)
Accounts Payable	144.4M	42.8M	105.5M	125.5M	106.3M	106.7M
Cash	26.1M	16.3M	26.9M	34.7M	36.7M	38.1M
Non Current Assets Total	2.8B	2.2B	2.0B	1.9B	2.0B	1.5B
Non Currrent Assets Other	472K	(2.2B)	9.2M	5.4M	6.7M	7.0M
Cash And Short Term Investments	26.1M	16.3M	26.9M	34.7M	36.7M	38.1M
Net Receivables	177.8M	118.4M	82.7M	109.1M	100.5M	89.6M
Common Stock Shares Outstanding	63.3M	63.3M	63.3M	63.4M	92.3M	66.7M
Liabilities And Stockholders Equity	3.1B	2.3B	2.1B	2.2B	2.3B	1.6B
Other Stockholder Equity	4.1M	75.9M	80.0M	83.0M	85.2M	133.6M
Total Liab	2.5B	2.3B	2.3B	2.4B	2.3B	2.4B
Total Current Assets	256.7M	168.0M	147.9M	205.4M	262.8M	155.9M
Accumulated Other Comprehensive Income	(1.0M)	(633K)	(821K)	1.5M	607K	576.7K
Short Long Term Debt Total	2.0B	1.9B	1.8B	1.9B	1.9B	2.0B
Non Current Liabilities Total	1.9B	1.9B	1.8B	1.8B	1.8B	1.9B
Property Plant And Equipment Net	1.9B	1.4B	1.2B	1.2B	1.1B	829.6M
Current Deferred Revenue	223.0M	220.0M	293.2M	220.5M	177.6M	172.1M
Good Will	816.8M	635.6M	635.5M	636.1M	620.3M	765.1M
Inventory	31.0M	21.7M	24.9M	36.9M	17.6M	17.6M
Other Current Assets	21.8M	11.6M	13.4M	24.7M	11.5M	11.0M
Property Plant And Equipment Gross	1.9B	1.4B	2.8B	3.0B	3.0B	3.1B
Short Term Debt	106.4M	97.3M	101.1M	96.1M	85.0M	45.4M
Intangible Assets	88.4M	84.9M	81.7M	80.4M	80.9M	81.6M
Other Liab	21.8M	82.8M	22.5M	17.2M	15.5M	14.7M
Net Tangible Assets	(314.1M)	(696.3M)	(936.9M)	(928.4M)	(835.5M)	(793.8M)
Other Assets	14.2M	0.0	9.2M	5.4M	4.9M	6.9M
Long Term Debt	625M	725.3M	739.2M	824.9M	817.4M	614.8M
Long Term Investments	28.2M	8.6M	7.4M	650K	4.9M	4.7M
Property Plant Equipment	1.9B	1.4B	1.2B	1.2B	1.4B	1.0B
Long Term Debt Total	1.9B	1.8B	1.7B	1.8B	2.1B	1.2B
Capital Surpluse	4.1M	75.9M	80.0M	83.0M	95.5M	100.2M
Capital Lease Obligations	1.4B	1.2B	1.1B	1.1B	1.1B	805.5M

Pair Trading with Cineplex

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

Moving together with Cineplex Stock

0.75

Tucows Inc

Pair Corr

Moving against Cineplex Stock

0.68	NA-PG	National Bank	Pair Corr
0.48	PPL-PA	Pembina Pipeline Corp	Pair Corr

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

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

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

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Cineplex Net Income vs Investments Analysis

Net Income vs Investments

Net Income vs Investments Correlation Analysis

Correlation Coefficient

Net Income

Investments

Cineplex fundamental ratios Correlations

Cineplex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cineplex fundamental ratios Accounts

Pair Trading with Cineplex

Moving together with Cineplex Stock

Moving against Cineplex Stock

Other Information on Investing in Cineplex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Total Liab

Property Plant And Equipment Gross	- 0.92	Retained Earnings
Short Long Term Debt Total	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Net Debt
Non Current Liabilities Total	- 0.87	Retained Earnings
Property Plant And Equipment Gross	- 0.86	Total Stockholder Equity
Total Liab	- 0.85	Retained Earnings