Canada Research Development vs Tax Provision Analysis

GOOS Stock  CAD 13.10  0.15  1.13%   
Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Research Development and its Tax Provision accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. 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.

Research Development vs Tax Provision

Research Development vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Goose Holdings Research Development account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Canada Goose's Research Development and Tax Provision is -0.32. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Research Development and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Canada Goose Holdings are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Research Development i.e., Canada Goose's Research Development and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Research Development

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Canada Goose Holdings. 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, Canada Goose's Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Tax Provision is likely to grow to about 21.6 M, while Issuance Of Capital Stock is likely to drop about 85.5 K.
 2021 2022 2023 2024 (projected)
Interest Expense28.7M32.1M41.4M21.3M
Depreciation And Amortization95.8M109.1M126M132.3M

Canada Goose fundamental ratios Correlations

0.580.470.380.60.630.520.660.520.370.640.580.460.540.150.50.480.460.430.450.720.480.620.63-0.360.52
0.580.970.370.990.930.950.940.980.720.910.860.840.98-0.140.90.940.840.750.870.810.970.970.92-0.40.99
0.470.970.320.960.820.950.840.980.770.780.80.810.97-0.110.910.980.810.750.870.71.00.920.88-0.260.99
0.380.370.320.380.370.420.520.390.690.350.050.040.42-0.020.620.310.040.80.630.450.330.460.56-0.060.35
0.60.990.960.380.890.970.910.970.730.870.870.80.97-0.120.90.940.80.740.880.830.970.970.95-0.410.98
0.630.930.820.370.890.830.980.880.561.00.860.80.9-0.180.790.780.80.640.730.830.830.930.85-0.540.86
0.520.950.950.420.970.830.850.940.70.80.750.780.94-0.130.880.950.780.730.90.790.960.920.94-0.290.97
0.660.940.840.520.910.980.850.890.660.970.830.780.91-0.130.860.80.780.760.790.860.850.930.88-0.440.87
0.520.980.980.390.970.880.940.890.790.850.810.741.0-0.140.910.920.740.770.890.760.980.970.92-0.40.98
0.370.720.770.690.730.560.70.660.790.510.480.370.79-0.080.920.710.370.930.850.490.760.760.76-0.180.76
0.640.910.780.350.871.00.80.970.850.510.860.790.87-0.160.750.740.790.60.690.840.790.910.82-0.560.82
0.580.860.80.050.870.860.750.830.810.480.860.840.81-0.140.710.770.840.470.550.730.80.830.72-0.440.83
0.460.840.810.040.80.80.780.780.740.370.790.840.74-0.130.670.861.00.480.550.620.810.690.62-0.120.82
0.540.980.970.420.970.90.940.911.00.790.870.810.74-0.140.920.910.740.790.90.780.970.980.94-0.420.98
0.15-0.14-0.11-0.02-0.12-0.18-0.13-0.13-0.14-0.08-0.16-0.14-0.13-0.14-0.15-0.07-0.13-0.17-0.140.23-0.11-0.12-0.070.07-0.12
0.50.90.910.620.90.790.880.860.910.920.750.710.670.92-0.150.880.670.930.90.680.910.90.87-0.230.92
0.480.940.980.310.940.780.950.80.920.710.740.770.860.91-0.070.880.860.730.840.690.980.860.84-0.140.97
0.460.840.810.040.80.80.780.780.740.370.790.841.00.74-0.130.670.860.480.550.620.810.690.62-0.120.82
0.430.750.750.80.740.640.730.760.770.930.60.470.480.79-0.170.930.730.480.870.560.760.750.77-0.080.76
0.450.870.870.630.880.730.90.790.890.850.690.550.550.9-0.140.90.840.550.870.70.880.880.94-0.360.89
0.720.810.70.450.830.830.790.860.760.490.840.730.620.780.230.680.690.620.560.70.710.840.87-0.490.76
0.480.971.00.330.970.830.960.850.980.760.790.80.810.97-0.110.910.980.810.760.880.710.920.89-0.261.0
0.620.970.920.460.970.930.920.930.970.760.910.830.690.98-0.120.90.860.690.750.880.840.920.96-0.540.94
0.630.920.880.560.950.850.940.880.920.760.820.720.620.94-0.070.870.840.620.770.940.870.890.96-0.490.92
-0.36-0.4-0.26-0.06-0.41-0.54-0.29-0.44-0.4-0.18-0.56-0.44-0.12-0.420.07-0.23-0.14-0.12-0.08-0.36-0.49-0.26-0.54-0.49-0.31
0.520.990.990.350.980.860.970.870.980.760.820.830.820.98-0.120.920.970.820.760.890.761.00.940.92-0.31
Click cells to compare fundamentals

Canada Goose Account Relationship Matchups

Canada Goose fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding111.2M111.1M109.2M105.6M101.8M111.1M
Total Assets1.1B1.5B1.3B1.6B1.5B1.0B
Short Long Term Debt Total386M622.6M640.2M754M728.4M419.1M
Other Current Liab64.5M8.8M43M3.3M146.2M153.5M
Total Current Liabilities201.3M262.1M281.5M352.4M309.9M200.3M
Total Stockholder Equity520.2M600.1M427.9M469.5M417M382.9M
Other Liab44.5M41.1M61.4M72.8M83.7M44.2M
Net Tangible Assets190.4M305.4M399.7M252.6M290.5M305.0M
Property Plant And Equipment Net326.9M350.2M329.4M447.8M451.6M233.6M
Net Debt354.3M144.7M333M467.5M583.5M612.7M
Retained Earnings389.4M454.4M290.4M316.5M252.5M240.2M
Accounts Payable136.8M177.8M176.2M195.6M57.6M105.7M
Cash31.7M477.9M287.7M286.5M144.9M157.9M
Non Current Assets Total588.5M610.3M578.3M726.8M740.8M484.1M
Non Currrent Assets Other7M100K5.1M20.4M12.5M6.7M
Other Assets46.8M53.5M73.6M80M92M96.6M
Long Term Debt158.1M367.8M366.2M391.6M388.5M258.4M
Cash And Short Term Investments31.7M477.9M287.7M286.5M144.9M157.9M
Net Receivables44.3M45.7M43.8M51.8M98.4M103.3M
Liabilities And Stockholders Equity1.1B1.5B1.3B1.6B1.5B1.0B
Non Current Liabilities Total391.2M645M631.2M760.1M748.2M439.9M
Inventory412.3M342.3M393.3M472.6M445.2M309.4M
Other Current Assets35.9M31M37.5M52.3M60.1M32.4M
Other Stockholder Equity(481.5M)25.2M36.2M(435.2M)54.4M57.1M
Total Liab592.5M907.1M912.7M1.1B1.1B640.1M
Property Plant And Equipment Gross326.9M350.2M329.4M447.8M903.3M948.5M
Total Current Assets524.2M896.9M762.3M863.2M740.8M540.5M
Accumulated Other Comprehensive Income400K(5.2M)(17.2M)5.8M5.2M5.5M
Short Term Debt35.9M45.2M62.3M103.7M89.3M68.4M
Intangible Assets161.7M155M122.2M135.1M155.4M151.9M
Common Stock114.7M120.5M118.5M118.7M104.9M99.7M
Property Plant Equipment326.9M350.2M329.4M447.8M515.0M540.7M
Long Term Debt Total350.1M577.4M577.9M650.3M747.8M374.3M
Capital Surpluse15.7M25.2M26.2M28.5M25.7M17.1M
Non Current Liabilities Other4.6M20.4M25.7M56.9M54.6M57.3M
Net Invested Capital678.3M967.9M797.9M888.7M814.9M797.1M

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

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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.
Pair CorrelationCorrelation Matching
When determining whether Canada Goose Holdings is a strong investment it is important to analyze Canada Goose's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canada Goose's future performance. For an informed investment choice regarding Canada Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. 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.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.