Stella Good Will vs Other Stockholder Equity Analysis

SJ Stock

CAD 71.32 0.63 0.89%

Stella Jones financial indicator trend analysis is much more than just breaking down Stella Jones prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stella Jones is a good investment. Please check the relationship between Stella Jones Good Will and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. 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.

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stella Jones Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Stella Jones' Good Will and Other Stockholder Equity is 0.49. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Stella Jones, assuming nothing else is changed. The correlation between historical values of Stella Jones' Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Stella Jones are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Stella Jones' Good Will and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Stockholder Equity

Most indicators from Stella Jones' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stella Jones 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. 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, Stella Jones' Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 991.2 K, while Tax Provision is likely to drop about 75.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	23M	33M	68M	71.4M
Depreciation And Amortization	74M	89M	109M	114.5M

Interest Expense Depreciation And Amortization

Stella Jones 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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Current Deferred Revenue	Good Will	Intangible Assets
Total Assets		0.96	0.61	0.97	0.97	0.99	0.98	0.97	0.89	1.0	0.28	0.99	0.16	0.98	1.0	0.95	0.82	0.98	0.98	1.0	0.81	-0.83	-0.83	0.97	0.84	0.78
Short Long Term Debt Total	0.96		0.65	0.98	0.87	0.97	0.99	0.88	0.93	0.96	0.31	0.96	0.02	1.0	0.97	0.87	0.89	1.0	0.97	0.97	0.91	-0.79	-0.79	0.9	0.7	0.68
Other Current Liab	0.61	0.65		0.68	0.53	0.63	0.67	0.58	0.62	0.62	0.49	0.64	-0.17	0.64	0.59	0.59	0.71	0.65	0.71	0.6	0.69	-0.64	-0.64	0.62	0.41	0.45
Total Current Liabilities	0.97	0.98	0.68		0.9	0.98	0.98	0.93	0.92	0.97	0.29	0.97	-0.01	0.98	0.97	0.89	0.89	0.98	0.98	0.97	0.91	-0.84	-0.84	0.93	0.71	0.66
Total Stockholder Equity	0.97	0.87	0.53	0.9		0.95	0.9	0.99	0.8	0.97	0.22	0.96	0.29	0.9	0.96	0.96	0.7	0.9	0.92	0.97	0.67	-0.8	-0.8	0.97	0.91	0.82
Property Plant And Equipment Net	0.99	0.97	0.63	0.98	0.95		0.98	0.97	0.9	0.99	0.3	0.98	0.05	0.97	0.99	0.93	0.87	0.98	0.99	0.99	0.84	-0.86	-0.86	0.95	0.78	0.7
Net Debt	0.98	0.99	0.67	0.98	0.9	0.98		0.92	0.93	0.97	0.38	0.97	0.03	0.99	0.98	0.91	0.9	0.99	0.98	0.98	0.88	-0.86	-0.86	0.92	0.74	0.7
Retained Earnings	0.97	0.88	0.58	0.93	0.99	0.97	0.92		0.81	0.98	0.26	0.96	0.19	0.91	0.97	0.95	0.76	0.91	0.94	0.97	0.71	-0.85	-0.85	0.97	0.87	0.77
Accounts Payable	0.89	0.93	0.62	0.92	0.8	0.9	0.93	0.81		0.89	0.49	0.91	-0.08	0.92	0.88	0.87	0.91	0.93	0.92	0.89	0.83	-0.77	-0.77	0.82	0.64	0.63
Non Current Assets Total	1.0	0.96	0.62	0.97	0.97	0.99	0.97	0.98	0.89		0.29	0.99	0.15	0.97	0.99	0.95	0.82	0.97	0.98	0.99	0.79	-0.83	-0.83	0.96	0.84	0.78
Non Currrent Assets Other	0.28	0.31	0.49	0.29	0.22	0.3	0.38	0.26	0.49	0.29		0.33	-0.18	0.32	0.25	0.41	0.55	0.32	0.37	0.27	0.2	-0.58	-0.59	0.25	0.23	0.25
Net Receivables	0.99	0.96	0.64	0.97	0.96	0.98	0.97	0.96	0.91	0.99	0.33		0.18	0.97	0.99	0.96	0.83	0.97	0.97	0.99	0.8	-0.81	-0.81	0.97	0.84	0.8
Common Stock Shares Outstanding	0.16	0.02	-0.17	-0.01	0.29	0.05	0.03	0.19	-0.08	0.15	-0.18	0.18		0.06	0.17	0.2	-0.31	0.05	-0.02	0.17	-0.22	0.11	0.11	0.25	0.46	0.55
Non Current Liabilities Total	0.98	1.0	0.64	0.98	0.9	0.97	0.99	0.91	0.92	0.97	0.32	0.97	0.06		0.98	0.9	0.88	1.0	0.98	0.98	0.88	-0.8	-0.8	0.92	0.74	0.72
Inventory	1.0	0.97	0.59	0.97	0.96	0.99	0.98	0.97	0.88	0.99	0.25	0.99	0.17	0.98		0.94	0.81	0.98	0.97	1.0	0.82	-0.82	-0.82	0.97	0.83	0.77
Other Current Assets	0.95	0.87	0.59	0.89	0.96	0.93	0.91	0.95	0.87	0.95	0.41	0.96	0.2	0.9	0.94		0.75	0.9	0.91	0.95	0.67	-0.83	-0.83	0.94	0.89	0.83
Other Stockholder Equity	0.82	0.89	0.71	0.89	0.7	0.87	0.9	0.76	0.91	0.82	0.55	0.83	-0.31	0.88	0.81	0.75		0.89	0.91	0.82	0.85	-0.83	-0.83	0.77	0.49	0.45
Total Liab	0.98	1.0	0.65	0.98	0.9	0.98	0.99	0.91	0.93	0.97	0.32	0.97	0.05	1.0	0.98	0.9	0.89		0.98	0.98	0.89	-0.81	-0.81	0.92	0.74	0.71
Property Plant And Equipment Gross	0.98	0.97	0.71	0.98	0.92	0.99	0.98	0.94	0.92	0.98	0.37	0.97	-0.02	0.98	0.97	0.91	0.91	0.98		0.97	0.86	-0.87	-0.87	0.92	0.74	0.68
Total Current Assets	1.0	0.97	0.6	0.97	0.97	0.99	0.98	0.97	0.89	0.99	0.27	0.99	0.17	0.98	1.0	0.95	0.82	0.98	0.97		0.82	-0.82	-0.82	0.97	0.83	0.78
Short Term Debt	0.81	0.91	0.69	0.91	0.67	0.84	0.88	0.71	0.83	0.79	0.2	0.8	-0.22	0.88	0.82	0.67	0.85	0.89	0.86	0.82		-0.7	-0.7	0.75	0.43	0.42
Cash	-0.83	-0.79	-0.64	-0.84	-0.8	-0.86	-0.86	-0.85	-0.77	-0.83	-0.58	-0.81	0.11	-0.8	-0.82	-0.83	-0.83	-0.81	-0.87	-0.82	-0.7		1.0	-0.8	-0.65	-0.52
Cash And Short Term Investments	-0.83	-0.79	-0.64	-0.84	-0.8	-0.86	-0.86	-0.85	-0.77	-0.83	-0.59	-0.81	0.11	-0.8	-0.82	-0.83	-0.83	-0.81	-0.87	-0.82	-0.7	1.0		-0.8	-0.65	-0.52
Current Deferred Revenue	0.97	0.9	0.62	0.93	0.97	0.95	0.92	0.97	0.82	0.96	0.25	0.97	0.25	0.92	0.97	0.94	0.77	0.92	0.92	0.97	0.75	-0.8	-0.8		0.86	0.81
Good Will	0.84	0.7	0.41	0.71	0.91	0.78	0.74	0.87	0.64	0.84	0.23	0.84	0.46	0.74	0.83	0.89	0.49	0.74	0.74	0.83	0.43	-0.65	-0.65	0.86		0.95
Intangible Assets	0.78	0.68	0.45	0.66	0.82	0.7	0.7	0.77	0.63	0.78	0.25	0.8	0.55	0.72	0.77	0.83	0.45	0.71	0.68	0.78	0.42	-0.52	-0.52	0.81	0.95

Click cells to compare fundamentals

Stella Jones Account Relationship Matchups

Stella Jones fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.4B	2.7B	3.1B	3.7B	3.9B
Short Long Term Debt Total	723.1M	745M	878M	1.1B	1.6B	1.7B
Other Current Liab	3.5M	2M	117M	60M	78M	81.9M
Total Current Liabilities	182.1M	218M	242M	259M	384M	403.2M
Total Stockholder Equity	1.3B	1.4B	1.4B	1.6B	1.7B	1.7B
Property Plant And Equipment Net	684.6M	709M	767M	915M	1.2B	1.3B
Net Debt	841.2M	884M	1.0B	1.3B	1.6B	1.7B
Retained Earnings	967.8M	1.1B	1.2B	1.2B	1.3B	1.4B
Accounts Payable	65.3M	55M	57M	157M	152M	159.6M
Non Current Assets Total	1.1B	1.1B	1.3B	1.5B	1.8B	1.8B
Non Currrent Assets Other	937K	3M	11M	35M	5M	2.6M
Net Receivables	185.1M	208M	239M	287M	319M	335.0M
Common Stock Shares Outstanding	68.8M	67.3M	65M	61.4M	58.0M	57.8M
Liabilities And Stockholders Equity	2.3B	2.4B	2.7B	3.1B	3.7B	3.9B
Non Current Liabilities Total	810.6M	835M	975M	1.3B	1.7B	1.8B
Inventory	970.6M	1.1B	1.1B	1.2B	1.6B	1.7B
Other Current Assets	36.0M	36M	43M	58M	48M	50.4M
Other Stockholder Equity	386K	80M	79M	171M	196.7M	206.5M
Total Liab	992.8M	1.1B	1.2B	1.5B	2.1B	2.2B
Property Plant And Equipment Gross	684.6M	709M	965M	1.1B	1.4B	1.5B
Total Current Assets	1.2B	1.3B	1.4B	1.6B	1.9B	2.0B
Accumulated Other Comprehensive Income	103.1M	80M	79M	171M	134M	140.7M
Short Term Debt	35.8M	44M	68M	42M	154M	161.7M
Cash	(118.1M)	(139M)	(144M)	(167M)	(150.3M)	(142.8M)
Cash And Short Term Investments	(118.1M)	(139M)	(144M)	(167M)	(150.3M)	(142.8M)
Current Deferred Revenue	79.0M	89.5M	77.6M	117M	134.6M	141.3M
Good Will	284.9M	280M	341M	369M	375M	234.7M
Intangible Assets	114.7M	115M	158M	171M	169M	117.8M
Common Stock Total Equity	220.5M	221.3M	217.0M	214M	246.1M	206.9M
Common Stock	217.0M	214M	208M	194M	189M	208.9M
Other Liab	124M	134M	165M	191M	219.7M	129.9M
Net Tangible Assets	888M	978M	949M	1.0B	1.2B	794.9M
Other Assets	4M	3M	8M	35M	40.3M	42.3M
Long Term Debt	598.4M	595M	701M	940M	1.2B	711.1M
Short Long Term Debt	6.5M	11M	33M	1M	100M	105M
Property Plant Equipment	684M	709M	767M	915M	1.1B	599.3M
Long Term Debt Total	687.3M	701M	810M	1.1B	1.2B	758.2M

Pair Trading with Stella Jones

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 Stella Jones 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 Stella Jones will appreciate offsetting losses from the drop in the long position's value.

Moving against Stella Stock

0.76	TD-PFI	Toronto Dominion Bank	Pair Corr
0.73	NVDA	NVIDIA CDR	Pair Corr
0.59	IE	Ivanhoe Energy	Pair Corr
0.59	FDY	Faraday Copper Corp	Pair Corr
0.35	AG	First Majestic Silver	Pair Corr

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

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

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

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Stella Good Will vs Other Stockholder Equity Analysis

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Good Will

Other Stockholder Equity

Stella Jones fundamental ratios Correlations

Stella Jones Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Stella Jones fundamental ratios Accounts

Pair Trading with Stella Jones

Moving against Stella Stock

Other Information on Investing in Stella Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total

Cash And Short Term Investments	- 0.87	Property Plant And Equipment Gross
Cash	- 0.87	Property Plant And Equipment Gross
Cash And Short Term Investments	- 0.86	Net Debt
Cash	- 0.86	Net Debt
Cash And Short Term Investments	- 0.86	Property Plant And Equipment Net
Cash	- 0.86	Property Plant And Equipment Net