Great Intangible Assets vs Net Debt Analysis

GWO Stock

CAD 50.04 0.18 0.36%

Great West financial indicator trend analysis is much more than just examining Great West Lifeco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great West Lifeco is a good investment. Please check the relationship between Great West Intangible Assets and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great West Lifeco. 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.

Intangible Assets vs Net Debt

Intangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great West Lifeco Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Great West's Intangible Assets and Net Debt is 0.86. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Great West Lifeco, assuming nothing else is changed. The correlation between historical values of Great West's Intangible Assets 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 Intangible Assets of Great West Lifeco 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 Intangible Assets i.e., Great West's Intangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

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 Great West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great West Lifeco 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 Great West Lifeco. 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, Great West's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 11.61, while Selling General Administrative is likely to drop about 3.5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	64.4B	44.7B	25.3B	32.7B
Total Revenue	64.4B	44.7B	25.3B	32.7B

Gross Profit Total Revenue

Great West fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total
Total Assets		0.81	-0.48	0.41	0.76	0.82	0.53	0.8	0.93	0.05	0.93	0.77	0.41	0.0	1.0	0.84	0.16	0.46	0.11	0.83	0.93	0.89	0.86	0.3	-0.09	0.65
Short Long Term Debt Total	0.81		-0.48	0.53	0.91	0.8	0.76	0.95	0.66	-0.25	0.8	0.92	0.43	-0.06	0.8	0.83	0.13	0.69	-0.02	0.9	0.77	0.61	0.96	0.39	0.07	0.43
Other Current Liab	-0.48	-0.48		0.32	-0.3	-0.58	-0.28	-0.39	-0.36	0.31	-0.19	-0.42	-0.01	-0.01	-0.48	-0.58	0.71	-0.33	-0.33	-0.41	-0.54	-0.5	-0.51	0.13	0.14	-0.22
Total Current Liabilities	0.41	0.53	0.32		0.66	0.44	0.4	0.64	0.39	0.2	0.67	0.63	0.43	-0.46	0.4	0.41	0.84	0.38	-0.28	0.47	0.35	0.12	0.4	0.52	0.36	0.38
Total Stockholder Equity	0.76	0.91	-0.3	0.66		0.73	0.78	0.97	0.68	-0.02	0.78	0.92	0.63	-0.16	0.75	0.75	0.28	0.55	-0.17	0.89	0.62	0.49	0.85	0.63	0.21	0.48
Property Plant And Equipment Net	0.82	0.8	-0.58	0.44	0.73		0.42	0.85	0.66	0.01	0.77	0.89	0.16	-0.14	0.82	0.96	0.05	0.51	0.31	0.74	0.84	0.67	0.77	0.06	0.01	0.46
Net Debt	0.53	0.76	-0.28	0.4	0.78	0.42		0.72	0.37	-0.34	0.56	0.68	0.57	-0.05	0.52	0.41	0.12	0.54	-0.32	0.86	0.3	0.4	0.65	0.52	0.01	0.07
Retained Earnings	0.8	0.95	-0.39	0.64	0.97	0.85	0.72		0.67	-0.02	0.83	0.98	0.45	-0.13	0.8	0.86	0.25	0.56	0.0	0.91	0.72	0.58	0.9	0.44	0.1	0.43
Non Current Assets Total	0.93	0.66	-0.36	0.39	0.68	0.66	0.37	0.67		0.13	0.85	0.61	0.57	-0.02	0.93	0.7	0.21	0.35	-0.07	0.65	0.86	0.77	0.75	0.47	0.08	0.84
Non Currrent Assets Other	0.05	-0.25	0.31	0.2	-0.02	0.01	-0.34	-0.02	0.13		0.12	-0.01	-0.13	-0.12	0.05	0.06	0.34	-0.55	0.29	-0.06	0.01	0.09	-0.17	-0.04	-0.14	0.08
Other Assets	0.93	0.8	-0.19	0.67	0.78	0.77	0.56	0.83	0.85	0.12		0.8	0.41	-0.08	0.93	0.78	0.48	0.47	0.02	0.83	0.85	0.79	0.81	0.35	-0.04	0.58
Net Receivables	0.77	0.92	-0.42	0.63	0.92	0.89	0.68	0.98	0.61	-0.01	0.8		0.38	-0.11	0.76	0.87	0.23	0.58	0.04	0.89	0.72	0.56	0.85	0.34	0.11	0.37
Common Stock Shares Outstanding	0.41	0.43	-0.01	0.43	0.63	0.16	0.57	0.45	0.57	-0.13	0.41	0.38		-0.11	0.4	0.12	0.25	0.46	-0.79	0.44	0.24	0.07	0.37	0.93	0.62	0.61
Other Stockholder Equity	0.0	-0.06	-0.01	-0.46	-0.16	-0.14	-0.05	-0.13	-0.02	-0.12	-0.08	-0.11	-0.11		0.01	-0.07	-0.21	-0.17	0.03	0.02	0.0	0.21	0.07	-0.24	-0.36	-0.24
Total Liab	1.0	0.8	-0.48	0.4	0.75	0.82	0.52	0.8	0.93	0.05	0.93	0.76	0.4	0.01		0.84	0.16	0.45	0.12	0.82	0.93	0.89	0.86	0.29	-0.1	0.65
Property Plant And Equipment Gross	0.84	0.83	-0.58	0.41	0.75	0.96	0.41	0.86	0.7	0.06	0.78	0.87	0.12	-0.07	0.84		0.05	0.37	0.36	0.75	0.85	0.74	0.85	0.07	-0.13	0.48
Total Current Assets	0.16	0.13	0.71	0.84	0.28	0.05	0.12	0.25	0.21	0.34	0.48	0.23	0.25	-0.21	0.16	0.05		0.03	-0.31	0.17	0.08	0.02	0.07	0.35	0.16	0.18
Short Term Debt	0.46	0.69	-0.33	0.38	0.55	0.51	0.54	0.56	0.35	-0.55	0.47	0.58	0.46	-0.17	0.45	0.37	0.03		-0.23	0.53	0.53	0.15	0.54	0.35	0.52	0.38
Other Current Assets	0.11	-0.02	-0.33	-0.28	-0.17	0.31	-0.32	0.0	-0.07	0.29	0.02	0.04	-0.79	0.03	0.12	0.36	-0.31	-0.23		0.01	0.24	0.37	0.07	-0.74	-0.62	-0.23
Intangible Assets	0.83	0.9	-0.41	0.47	0.89	0.74	0.86	0.91	0.65	-0.06	0.83	0.89	0.44	0.02	0.82	0.75	0.17	0.53	0.01		0.67	0.71	0.86	0.36	-0.11	0.27
Cash	0.93	0.77	-0.54	0.35	0.62	0.84	0.3	0.72	0.86	0.01	0.85	0.72	0.24	0.0	0.93	0.85	0.08	0.53	0.24	0.67		0.8	0.83	0.12	-0.02	0.7
Cash And Short Term Investments	0.89	0.61	-0.5	0.12	0.49	0.67	0.4	0.58	0.77	0.09	0.79	0.56	0.07	0.21	0.89	0.74	0.02	0.15	0.37	0.71	0.8		0.73	-0.06	-0.53	0.36
Good Will	0.86	0.96	-0.51	0.4	0.85	0.77	0.65	0.9	0.75	-0.17	0.81	0.85	0.37	0.07	0.86	0.85	0.07	0.54	0.07	0.86	0.83	0.73		0.32	-0.08	0.49
Common Stock Total Equity	0.3	0.39	0.13	0.52	0.63	0.06	0.52	0.44	0.47	-0.04	0.35	0.34	0.93	-0.24	0.29	0.07	0.35	0.35	-0.74	0.36	0.12	-0.06	0.32		0.62	0.56
Short Term Investments	-0.09	0.07	0.14	0.36	0.21	0.01	0.01	0.1	0.08	-0.14	-0.04	0.11	0.62	-0.36	-0.1	-0.13	0.16	0.52	-0.62	-0.11	-0.02	-0.53	-0.08	0.62		0.48
Non Current Liabilities Total	0.65	0.43	-0.22	0.38	0.48	0.46	0.07	0.43	0.84	0.08	0.58	0.37	0.61	-0.24	0.65	0.48	0.18	0.38	-0.23	0.27	0.7	0.36	0.49	0.56	0.48

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Great West Account Relationship Matchups

Great West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	451.2B	600.5B	630.5B	701.5B	713.2B	748.9B
Short Long Term Debt Total	7.0B	11.3B	10.3B	11.3B	9.7B	5.2B
Other Current Liab	(4.2B)	(4.7B)	(4.1B)	(4.3B)	(3.7B)	(3.5B)
Total Current Liabilities	4.2B	4.7B	4.1B	4.3B	3.7B	2.3B
Total Stockholder Equity	22.7B	24.0B	27.2B	29.0B	26.8B	15.8B
Property Plant And Equipment Net	1.6B	1.6B	1.5B	1.5B	1.4B	1.3B
Net Debt	2.3B	2.8B	5.0B	4.9B	2.6B	2.0B
Retained Earnings	13.7B	15.0B	16.4B	17.8B	15.5B	8.4B
Non Current Assets Total	138.5B	165.3B	150.5B	164.6B	231.3B	242.9B
Non Currrent Assets Other	(693M)	(165.3B)	(150.5B)	(1.5B)	(1.8B)	(1.9B)
Other Assets	301.5B	420.6B	455.7B	510.2B	456.7B	479.6B
Net Receivables	6.5B	6.7B	7.1B	7.9B	5.8B	3.6B
Common Stock Shares Outstanding	946.5M	927.8M	931.0M	932.3M	933.5M	974.5M
Liabilities And Stockholders Equity	451.2B	600.5B	630.5B	701.5B	713.2B	748.9B
Other Stockholder Equity	175M	372M	1.7B	1.7B	1.7B	1.5B
Total Liab	425.6B	573.5B	600.0B	669.1B	683.4B	717.5B
Property Plant And Equipment Gross	1.0B	1.2B	1.6B	1.6B	1.8B	1.2B
Total Current Assets	11.2B	14.6B	24.3B	26.7B	25.2B	25.6B
Short Term Debt	808M	2.0B	1.1B	1.2B	435M	861.3M
Other Current Assets	19.9B	24.4B	24.4B	27.2B	29.0B	22.3B
Intangible Assets	3.9B	4.3B	5.5B	6.2B	4.5B	3.9B
Cash	4.6B	7.9B	4.8B	6.4B	7.1B	7.4B
Cash And Short Term Investments	4.6B	7.9B	17.2B	18.8B	19.4B	20.4B
Good Will	6.5B	10.1B	9.1B	10.6B	11.2B	6.4B
Common Stock Total Equity	7.3B	7.3B	5.6B	5.7B	6.5B	5.6B
Short Term Investments	39.2B	43.3B	12.5B	12.4B	12.3B	23.3B
Non Current Liabilities Total	7.6B	9.7B	4.1B	4.3B	10.3B	10.8B
Accumulated Other Comprehensive Income	495M	487M	632M	981M	890M	934.5M
Common Stock	5.6B	5.7B	5.7B	5.8B	6B	5.7B
Accounts Payable	3.4B	2.7B	3.0B	3.2B	3.2B	2.0B
Other Liab	410.2B	554.7B	580.6B	644.6B	741.3B	472.6B
Net Tangible Assets	9.6B	6.9B	9.9B	9.5B	10.9B	9.9B
Long Term Debt	5.6B	8.7B	8.6B	9.6B	8.9B	7.4B
Long Term Investments	126.5B	149.3B	134.4B	146.2B	214.2B	123.7B
Short Long Term Debt	1.3B	1.4B	593M	1.2B	435M	413.3M
Property Plant Equipment	1.6B	1.6B	1.5B	1.5B	1.7B	1.3B
Inventory	(19.9B)	(33.0B)	(30.3B)	(27.2B)	(29.0B)	(30.5B)
Long Term Debt Total	6.1B	9.3B	9.1B	10.1B	11.7B	8.1B
Capital Surpluse	175M	186M	192M	209M	240.4M	187.2M
Net Invested Capital	26.3B	31.5B	33.7B	37.1B	33.4B	34.0B

Pair Trading with Great West

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

Moving together with Great Stock

0.77	NVDA	NVIDIA CDR	Pair Corr
0.85	AMZN	Amazon CDR	Pair Corr
0.66	GOOG	Alphabet CDR	Pair Corr

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

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

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

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Great Intangible Assets vs Net Debt Analysis

Intangible Assets vs Net Debt

Intangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Debt

Great West fundamental ratios Correlations

Great West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great West fundamental ratios Accounts

Pair Trading with Great West

Moving together with Great Stock

Other Information on Investing in Great Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Receivables	+ 0.98	Retained Earnings
Retained Earnings	+ 0.97	Total Stockholder Equity
Good Will	+ 0.96	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.96	Property Plant And Equipment Net
Retained Earnings	+ 0.95	Short Long Term Debt Total

Other Current Assets	- 0.79	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.74	Other Current Assets
Short Term Investments	- 0.62	Other Current Assets
Property Plant And Equipment Gross	- 0.58	Other Current Liab
Property Plant And Equipment Net	- 0.58	Other Current Liab
Short Term Debt	- 0.55	Non Currrent Assets Other