Guru Total Liab vs Non Currrent Assets Other Analysis
GURU Stock | CAD 1.73 0.16 8.47% |
Guru Organic financial indicator trend analysis is much more than just examining Guru Organic Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guru Organic Energy is a good investment. Please check the relationship between Guru Organic Total Liab and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guru Organic Energy. 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.
Total Liab vs Non Currrent Assets Other
Total Liab vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guru Organic Energy Total Liab account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Guru Organic's Total Liab and Non Currrent Assets Other is -0.75. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Guru Organic Energy, assuming nothing else is changed. The correlation between historical values of Guru Organic's Total Liab 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 Total Liab of Guru Organic Energy 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 Total Liab i.e., Guru Organic's Total Liab and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.75 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 Guru Organic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guru Organic Energy 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 Guru Organic Energy. 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. As of the 29th of November 2024, Tax Provision is likely to grow to 5,867, while Selling General Administrative is likely to drop about 8.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.7M | 15.4M | 17.8M | 14.0M | Total Revenue | 29.1M | 29.3M | 33.7M | 23.7M |
Guru Organic fundamental ratios Correlations
Click cells to compare fundamentals
Guru Organic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guru Organic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 41.8M | 85.0M | 65.3M | 48.7M | 55.9M | 39.9M | |
Short Long Term Debt Total | 235.4K | 1.9M | 2.0M | 1.6M | 1.4M | 1.5M | |
Other Current Liab | 315.4K | 6.9M | 6.3M | 5.9M | 6.8M | 7.2M | |
Total Current Liabilities | 7.9M | 10.7M | 8.7M | 7.6M | 8.8M | 6.9M | |
Total Stockholder Equity | 33.6M | 72.5M | 55.1M | 39.8M | 45.8M | 32.2M | |
Other Liab | 82.4K | 93.5K | 203.8K | 19.8K | 22.8K | 21.7K | |
Net Tangible Assets | 1.9M | 33.5M | 72.5M | 55.1M | 63.3M | 66.5M | |
Property Plant And Equipment Net | 249.9K | 3.0M | 3.9M | 2.9M | 3.4M | 1.8M | |
Net Debt | (29.9M) | (65.0M) | (23.5M) | (14.2M) | (12.8M) | (13.5M) | |
Retained Earnings | (3.6M) | (13.4M) | (31.2M) | (42.1M) | (37.9M) | (36.0M) | |
Accounts Payable | 3.9M | 3.5M | 1.9M | 1.3M | 1.5M | 2.1M | |
Non Current Assets Total | 1.6M | 4.5M | 5.3M | 4.0M | 4.6M | 3.2M | |
Non Currrent Assets Other | 364.0K | 835.8K | 708.7K | 487.5K | 438.8K | 669.6K | |
Other Assets | 1.1M | 1.4M | 1.5M | 2.0M | 2.3M | 2.4M | |
Cash And Short Term Investments | 30.4M | 67.0M | 46.3M | 33.8M | 38.9M | 28.0M | |
Net Receivables | 2.8M | 5.9M | 5.1M | 4.5M | 5.1M | 3.8M | |
Liabilities And Stockholders Equity | 41.8M | 85.0M | 65.3M | 48.7M | 55.9M | 39.9M | |
Non Current Liabilities Total | 315.5K | 1.8M | 1.6M | 1.2M | 1.4M | 1.0M | |
Inventory | 6.3M | 7.3M | 8.5M | 6.0M | 6.9M | 5.4M | |
Other Current Assets | 395.2K | 378.7K | 198.8K | 333.5K | 300.2K | 296.8K | |
Other Stockholder Equity | (52.5K) | 595.6K | 826.8K | 1.5M | 1.7M | 1.8M | |
Total Liab | 8.2M | 12.5M | 10.3M | 8.8M | 10.1M | 7.8M | |
Deferred Long Term Liab | 376.2K | 364.0K | 835.8K | 708.7K | 815.0K | 516.4K | |
Total Current Assets | 40.1M | 80.5M | 60.1M | 44.6M | 51.3M | 37.0M | |
Accumulated Other Comprehensive Income | (52.5K) | (205.5K) | 46.1K | 97.7K | 112.4K | 118.0K | |
Short Term Debt | 13.3K | 337.9K | 407.3K | 399.7K | 359.7K | 341.7K | |
Intangible Assets | 39.4K | 27.6K | 19.3K | 13.5K | 12.2K | 11.6K | |
Common Stock | 36.6M | 85.6M | 85.4M | 80.3M | 92.4M | 46.4M | |
Property Plant Equipment | 409.7K | 249.9K | 3.0M | 3.2M | 3.7M | 3.9M | |
Cash | 30.4M | 67.0M | 25.5M | 15.8M | 18.2M | 25.5M | |
Common Stock Shares Outstanding | 28.9M | 30.2M | 32.3M | 31.8M | 36.6M | 26.7M |
Pair Trading with Guru Organic
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 Guru Organic 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 Guru Organic will appreciate offsetting losses from the drop in the long position's value.Moving against Guru Stock
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The ability to find closely correlated positions to Guru Organic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guru Organic 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 Guru Organic - 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 Guru Organic Energy to buy it.
The correlation of Guru Organic 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 Guru Organic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guru Organic Energy 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 Guru Organic 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 Guru Stock
Balance Sheet is a snapshot of the financial position of Guru Organic Energy at a specified time, usually calculated after every quarter, six months, or one year. Guru Organic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guru Organic 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 Guru currently owns. An asset can also be divided into two categories, current and non-current.