Global Retained Earnings vs Cash Analysis
| JET Stock | 0.72 0.03 4.00% |
Global Crossing financial indicator trend analysis is much more than just examining Global Crossing Airlines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Crossing Airlines is a good investment. Please check the relationship between Global Crossing Retained Earnings and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Crossing Airlines. 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Crossing Airlines Retained Earnings account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Global Crossing's Retained Earnings and Cash is -0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Global Crossing Airlines, assuming nothing else is changed. The correlation between historical values of Global Crossing's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Global Crossing Airlines are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Global Crossing's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.93 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of Global Crossing Airlines, which is listed under current asset account on Global Crossing Airlines balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Global Crossing customers. The amounts must be unrestricted with restricted cash listed in a different Global Crossing account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Global Crossing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Crossing Airlines 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 Global Crossing Airlines. 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 28th of November 2024, Tax Provision is likely to grow to 2,572, while Discontinued Operations is likely to drop about 142.2 K.
| 2023 | 2024 (projected) | Discontinued Operations | 159.9K | 142.2K | Interest Income | 463.5 | 440.33 |
Global Crossing fundamental ratios Correlations
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Global Crossing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Global Crossing
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 Global Crossing 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 Global Crossing will appreciate offsetting losses from the drop in the long position's value.Moving against Global Stock
| 0.45 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Global Crossing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Crossing 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 Global Crossing - 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 Global Crossing Airlines to buy it.
The correlation of Global Crossing 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 Global Crossing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Crossing Airlines 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 Global Crossing 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 Global Stock
Balance Sheet is a snapshot of the financial position of Global Crossing Airlines at a specified time, usually calculated after every quarter, six months, or one year. Global Crossing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Global Crossing 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 Global currently owns. An asset can also be divided into two categories, current and non-current.