Chesswood Non Current Assets Total vs Non Currrent Assets Other Analysis
CHW Stock | CAD 0.90 0.00 0.00% |
Chesswood Group financial indicator trend analysis is way more than just evaluating Chesswood Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chesswood Group is a good investment. Please check the relationship between Chesswood Group Non Current Assets Total and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chesswood Group Limited. 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.
Non Current Assets Total vs Non Currrent Assets Other
Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chesswood Group Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Chesswood Group's Non Current Assets Total and Non Currrent Assets Other is -0.06. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Chesswood Group Limited, assuming nothing else is changed. The correlation between historical values of Chesswood Group's Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Chesswood Group Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Chesswood Group's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Chesswood Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chesswood Group 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 Chesswood Group Limited. 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, Chesswood Group's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 45.86, though Discontinued Operations is likely to grow to (391.6 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 31.7M | 73.4M | 123.9M | 130.1M | Depreciation And Amortization | 96.7M | 230.7M | 207.3M | 217.7M |
Chesswood Group fundamental ratios Correlations
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Chesswood Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chesswood Group fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 926.9M | 827.4M | 1.6B | 2.5B | 2.2B | 2.3B | |
Short Long Term Debt Total | 1.3B | 1.2B | 2.3B | 3.8B | 2.0B | 2.1B | |
Other Current Liab | (577.4M) | (537.2M) | (982.6M) | (1.6B) | (763.4M) | (725.3M) | |
Total Current Liabilities | 577.4M | 537.2M | 982.6M | 1.6B | 763.4M | 383.7M | |
Total Stockholder Equity | 143.6M | 129.0M | 173.3M | 211.7M | 174.2M | 119.0M | |
Property Plant And Equipment Net | 4.5M | 3.4M | 4.4M | 6.8M | 5.6M | 5.9M | |
Net Debt | 706.9M | 631.5M | 1.3B | 2.2B | 1.9B | 2.0B | |
Retained Earnings | 20.1M | 7.4M | 28.8M | 46.3M | 8.4M | 7.8M | |
Accounts Payable | 2.1M | 1.6M | 5.2M | 4.5M | 41.9M | 43.9M | |
Cash | 11.0M | 9.7M | 12.4M | 8.1M | 100.6M | 105.7M | |
Non Current Assets Total | 61.9M | 38.3M | 74.5M | 82.3M | 2.2B | 2.3B | |
Non Currrent Assets Other | (61.9M) | (38.3M) | (74.5M) | (82.3M) | (51.2M) | (48.6M) | |
Cash And Short Term Investments | 11.0M | 9.7M | 12.4M | 8.1M | 100.6M | 105.7M | |
Net Receivables | 438.8M | 337.3M | 612.1M | 902.3M | 2.0B | 2.1B | |
Good Will | 40.3M | 23.9M | 43.1M | 48.1M | 33.5M | 31.5M | |
Common Stock Shares Outstanding | 16.5M | 16.3M | 18.1M | 19.4M | 18.0M | 15.1M | |
Liabilities And Stockholders Equity | 926.9M | 827.4M | 1.6B | 2.5B | 2.2B | 2.3B | |
Non Current Liabilities Total | 166.6M | 126.9M | 982.6M | 1.6B | 1.3B | 1.3B | |
Other Current Assets | 23.3M | 37.1M | 73.0M | 95.4M | (2.1B) | (2.0B) | |
Other Stockholder Equity | 5.5M | 5.6M | 23.9M | 18.4M | 5.4M | 5.1M | |
Total Liab | 770.2M | 686.6M | 1.4B | 2.3B | 2.0B | 2.1B | |
Property Plant And Equipment Gross | 4.5M | 3.4M | 7.2M | 6.8M | 5.6M | 2.9M | |
Total Current Assets | 449.8M | 347.0M | 624.5M | 910.4M | 13.0M | 12.4M | |
Accumulated Other Comprehensive Income | 14.0M | 11.7M | 11.0M | 21.4M | 18.7M | 19.6M | |
Short Term Debt | 575.3M | 535.6M | 977.4M | 1.6B | 763.4M | 411.7M | |
Intangible Assets | 17.1M | 10.9M | 26.9M | 27.5M | 20.1M | 16.3M | |
Common Stock Total Equity | 105.2M | 103.6M | 104.0M | 104.2M | 119.9M | 91.8M | |
Common Stock | 104.0M | 104.2M | 109.7M | 125.7M | 133.5M | 101.1M | |
Other Liab | 31.3M | 24.7M | 29.6M | 28.2M | 25.4M | 25.6M | |
Net Tangible Assets | 86.1M | 94.2M | 103.2M | 136.1M | 156.5M | 92.0M | |
Other Assets | 415.3M | 442.2M | 905.9M | 1.5B | 1.8B | 1.9B | |
Long Term Debt | 714.7M | 639.0M | 1.3B | 2.2B | 2.6B | 2.7B | |
Short Long Term Debt | 575.3M | 535.6M | 977.4M | 1.6B | 1.4B | 1.5B | |
Property Plant Equipment | 4.5M | 3.4M | 4.4M | 6.8M | 7.8M | 8.2M | |
Long Term Debt Total | 717.9M | 641.1M | 1.3B | 2.2B | 2.6B | 2.7B | |
Net Invested Capital | 718.9M | 664.6M | 1.2B | 1.8B | 1.6B | 1.1B |
Pair Trading with Chesswood Group
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 Chesswood Group 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 Chesswood Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chesswood Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chesswood Group 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 Chesswood Group - 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 Chesswood Group Limited to buy it.
The correlation of Chesswood Group 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 Chesswood Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chesswood Group 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 Chesswood Group 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.Other Information on Investing in Chesswood Stock
Balance Sheet is a snapshot of the financial position of Chesswood Group at a specified time, usually calculated after every quarter, six months, or one year. Chesswood Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chesswood Group 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 Chesswood currently owns. An asset can also be divided into two categories, current and non-current.