Champion Total Current Assets vs Capital Stock Analysis

Stocks . Canada . 
Stock . Champion Gaming Group
WAGR Stock   0.01  0.00  0.00%   
Champion Gaming financial indicator trend analysis is way more than just evaluating Champion Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Champion Gaming Group is a good investment. Please check the relationship between Champion Gaming Total Current Assets and its Capital Stock accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Total Current Assets vs Capital Stock

Total Current Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Champion Gaming Group Total Current Assets account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Champion Gaming's Total Current Assets and Capital Stock is -0.56. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Champion Gaming Group, assuming nothing else is changed. The correlation between historical values of Champion Gaming's Total Current Assets and Capital Stock 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 Current Assets of Champion Gaming Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Assets i.e., Champion Gaming's Total Current Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Champion Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Champion Gaming Group 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is likely to drop to about 666.2 K in 2024
 2021 2022 2023 2024 (projected)
Gross Profit1.8M1.1M641.1K1.0M
Total Revenue2.0M1.3M909.7K1.2M

Champion Gaming fundamental ratios Correlations

Other Current Liab
Total Current Liabilities
Other Liab
Net Tangible Assets
Retained Earnings
Accounts Payable
Net Receivables
Total Current Assets
Common Stock
Property Plant Equipment
Total Assets
Total Stockholder Equity
Property Plant And Equipment Net
Cash
Non Current Assets Total
Common Stock Shares Outstanding
Other Stockholder Equity
Total Liab
Net Invested Capital
Property Plant And Equipment Gross
Capital Stock
Net Working Capital
Short Long Term Debt
Net Debt
Long Term Debt
Other Current Liab
0.77-0.37-0.97-0.890.73-0.96-0.71.01.00.45-0.650.570.330.570.65-0.370.81-0.650.610.84-0.670.64-0.37-0.37
Total Current Liabilities
0.77-0.77-0.81-0.951.0-0.83-0.760.770.760.2-0.950.50.040.50.88-0.770.93-0.940.550.93-0.950.97-0.77-0.77
Other Liab
-0.37-0.770.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.01.0
Net Tangible Assets
-0.97-0.810.490.92-0.770.990.73-0.97-0.97-0.450.68-0.63-0.33-0.63-0.610.49-0.770.67-0.67-0.830.69-0.680.490.49
Retained Earnings
-0.89-0.950.60.92-0.930.920.71-0.89-0.89-0.40.87-0.63-0.25-0.63-0.770.6-0.930.86-0.68-0.960.88-0.860.60.6
Accounts Payable
0.731.0-0.79-0.77-0.93-0.8-0.790.730.730.11-0.970.42-0.050.420.9-0.790.92-0.960.480.9-0.970.99-0.79-0.79
Net Receivables
-0.96-0.830.550.990.92-0.80.79-0.96-0.96-0.360.72-0.57-0.23-0.57-0.660.55-0.780.71-0.6-0.820.73-0.730.550.55
Total Current Assets
-0.7-0.760.610.730.71-0.790.79-0.69-0.690.280.830.010.410.01-0.740.61-0.680.83-0.04-0.560.82-0.820.610.61
Common Stock
1.00.77-0.37-0.97-0.890.73-0.96-0.691.00.45-0.650.580.330.580.64-0.370.81-0.640.610.84-0.670.64-0.37-0.37
Property Plant Equipment
1.00.76-0.36-0.97-0.890.73-0.96-0.691.00.45-0.650.580.330.580.64-0.360.8-0.640.610.84-0.660.63-0.36-0.36
Total Assets
0.450.20.03-0.45-0.40.11-0.360.280.450.450.070.930.990.93-0.040.030.240.090.910.480.04-0.050.030.03
Total Stockholder Equity
-0.65-0.950.680.680.87-0.970.720.83-0.65-0.650.07-0.220.23-0.22-0.880.68-0.911.0-0.28-0.821.0-0.980.680.68
Property Plant And Equipment Net
0.570.5-0.32-0.63-0.630.42-0.570.010.580.580.93-0.220.861.00.22-0.320.44-0.211.00.68-0.250.27-0.32-0.32
Cash
0.330.040.16-0.33-0.25-0.05-0.230.410.330.330.990.230.860.86-0.20.160.080.250.840.330.2-0.220.160.16
Non Current Assets Total
0.570.5-0.32-0.63-0.630.42-0.570.010.580.580.93-0.221.00.860.22-0.320.44-0.211.00.68-0.250.27-0.32-0.32
Common Stock Shares Outstanding
0.650.88-0.74-0.61-0.770.9-0.66-0.740.640.64-0.04-0.880.22-0.20.22-0.740.88-0.870.270.81-0.870.91-0.74-0.74
Other Stockholder Equity
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.74-0.520.68-0.35-0.550.68-0.791.01.0
Total Liab
0.810.93-0.52-0.77-0.930.92-0.78-0.680.810.80.24-0.910.440.080.440.88-0.52-0.910.50.96-0.920.89-0.52-0.52
Net Invested Capital
-0.65-0.940.680.670.86-0.960.710.83-0.64-0.640.091.0-0.210.25-0.21-0.870.68-0.91-0.27-0.811.0-0.980.680.68
Property Plant And Equipment Gross
0.610.55-0.35-0.67-0.680.48-0.6-0.040.610.610.91-0.281.00.841.00.27-0.350.5-0.270.72-0.310.33-0.35-0.35
Capital Stock
0.840.93-0.55-0.83-0.960.9-0.82-0.560.840.840.48-0.820.680.330.680.81-0.550.96-0.810.72-0.840.82-0.55-0.55
Net Working Capital
-0.67-0.950.680.690.88-0.970.730.82-0.67-0.660.041.0-0.250.2-0.25-0.870.68-0.921.0-0.31-0.84-0.980.680.68
Short Long Term Debt
0.640.97-0.79-0.68-0.860.99-0.73-0.820.640.63-0.05-0.980.27-0.220.270.91-0.790.89-0.980.330.82-0.98-0.79-0.79
Net Debt
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.0
Long Term Debt
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.0
Click cells to compare fundamentals

Champion Gaming Account Relationship Matchups

High Positive Relationship

Common Stock
+ 1.0
Other Current Liab
Property Plant Equipment
+ 1.0
Other Current Liab
Accounts Payable
+ 1.0
Total Current Liabilities
Other Stockholder Equity
+ 1.0
Other Liab
Net Debt
+ 1.0
Other Liab
Long Term Debt
+ 1.0
Other Liab

High Negative Relationship

Short Long Term Debt
- 0.98
Net Working Capital
Short Long Term Debt
- 0.98
Net Invested Capital
Short Long Term Debt
- 0.98
Total Stockholder Equity
Net Working Capital
- 0.97
Accounts Payable
Total Stockholder Equity
- 0.97
Accounts Payable
Property Plant Equipment
- 0.97
Net Tangible Assets

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Additional Tools for Champion Stock Analysis

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