Goldenstone Cash And Short Term Investments vs Net Debt Analysis
| GDSTR Stock | USD 0.23 0.00 0.00% |
Goldenstone Acquisition financial indicator trend analysis is much more than just examining Goldenstone Acquisition latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldenstone Acquisition is a good investment. Please check the relationship between Goldenstone Acquisition Cash And Short Term Investments and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldenstone Acquisition Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goldenstone Acquisition's Cash And Short Term Investments and Net Debt is -0.48. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Goldenstone Acquisition Limited, assuming nothing else is changed. The correlation between historical values of Goldenstone Acquisition's Cash And Short Term Investments and Net Debt 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 And Short Term Investments of Goldenstone Acquisition Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Goldenstone Acquisition's Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Goldenstone Acquisition balance sheet. This account contains Goldenstone Acquisition investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Goldenstone Acquisition Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Goldenstone Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldenstone Acquisition 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. 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, Goldenstone Acquisition's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/25/2024, Enterprise Value Multiple is likely to grow to 38.48, while Selling General Administrative is likely to drop slightly above 748.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 55.7K | 1.0M | 847.1K | 533.7K | Depreciation And Amortization | 55.7K | 1.0K | 3.1M | 3.2M |
Goldenstone Acquisition fundamental ratios Correlations
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Goldenstone Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Goldenstone Acquisition
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 Goldenstone Acquisition 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 Goldenstone Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Goldenstone Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldenstone Acquisition 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 Goldenstone Acquisition - 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 Goldenstone Acquisition Limited to buy it.
The correlation of Goldenstone Acquisition 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 Goldenstone Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldenstone Acquisition 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 Goldenstone Acquisition 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.Additional Tools for Goldenstone Stock Analysis
When running Goldenstone Acquisition's price analysis, check to measure Goldenstone Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldenstone Acquisition is operating at the current time. Most of Goldenstone Acquisition's value examination focuses on studying past and present price action to predict the probability of Goldenstone Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldenstone Acquisition's price. Additionally, you may evaluate how the addition of Goldenstone Acquisition to your portfolios can decrease your overall portfolio volatility.