GoldMoney Common Stock Total Equity vs Cash And Short Term Investments Analysis

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GoldMoney financial indicator trend analysis is much more than just examining GoldMoney latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoldMoney is a good investment. Please check the relationship between GoldMoney Common Stock Total Equity and its Cash And Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GoldMoney. 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.

Common Stock Total Equity vs Cash And Short Term Investments

Common Stock Total Equity vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoldMoney Common Stock Total Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between GoldMoney's Common Stock Total Equity and Cash And Short Term Investments is 0.73. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of GoldMoney, assuming nothing else is changed. The correlation between historical values of GoldMoney's Common Stock Total Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of GoldMoney are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Total Equity i.e., GoldMoney's Common Stock Total Equity and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of GoldMoney balance sheet. This account contains GoldMoney investments that will expire within one year. These investments include stocks and bonds that can be liquidated by GoldMoney fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from GoldMoney's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoldMoney 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 GoldMoney. 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 25th of November 2024, Enterprise Value is likely to grow to about 197.7 M, while Selling General Administrative is likely to drop about 747.6 K.

	2021	2022	2023	2024 (projected)
Tax Provision	441.8K	1.2M	508.6K	497.8K
Interest Income	1.1M	3.3M	2.6M	3.5M

Tax Provision Interest Income

GoldMoney fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Other Stockholder Equity	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Short Term Investments	Inventory	Other Current Assets	Short Term Debt
Total Assets		0.79	0.99	-0.48	-0.35	0.86	0.85	0.49	-0.23	0.59	0.78	0.87	-0.02	0.52	0.88	0.99	0.67	0.97	0.1	-0.24	0.71	0.39	0.57	0.68	-0.08	0.0
Total Current Liabilities	0.79		0.76	-0.34	-0.6	0.87	0.71	0.48	-0.24	0.51	0.62	0.73	0.11	0.64	0.62	0.8	0.31	0.74	0.09	0.1	0.77	0.19	0.46	0.29	0.02	0.26
Total Stockholder Equity	0.99	0.76		-0.55	-0.29	0.86	0.87	0.44	-0.25	0.62	0.82	0.86	-0.1	0.41	0.93	0.99	0.71	0.97	0.04	-0.23	0.72	0.36	0.6	0.73	-0.07	-0.04
Net Debt	-0.48	-0.34	-0.55		0.08	-0.47	-0.74	0.25	0.04	-0.82	-0.56	-0.43	0.72	0.29	-0.74	-0.54	-0.47	-0.45	0.48	-0.16	-0.51	0.01	-0.62	-0.54	-0.11	0.11
Retained Earnings	-0.35	-0.6	-0.29	0.08		-0.18	-0.45	-0.25	-0.27	-0.36	0.05	-0.36	-0.27	-0.58	-0.16	-0.4	0.19	-0.26	-0.09	0.19	-0.24	-0.27	-0.42	0.18	0.04	-0.71
Accounts Payable	0.86	0.87	0.86	-0.47	-0.18		0.73	0.41	-0.48	0.49	0.82	0.73	-0.1	0.41	0.78	0.84	0.62	0.84	0.05	0.14	0.78	0.12	0.42	0.58	0.01	-0.12
Cash	0.85	0.71	0.87	-0.74	-0.45	0.73		0.26	-0.08	0.8	0.69	0.75	-0.22	0.18	0.92	0.9	0.58	0.79	-0.01	-0.22	0.67	0.36	0.76	0.62	-0.03	0.11
Non Current Assets Total	0.49	0.48	0.44	0.25	-0.25	0.41	0.26		-0.03	0.24	0.28	0.73	0.8	0.59	0.24	0.44	0.3	0.47	0.7	-0.48	0.31	0.75	0.09	0.15	-0.6	0.09
Non Currrent Assets Other	-0.23	-0.24	-0.25	0.04	-0.27	-0.48	-0.08	-0.03		0.23	-0.21	-0.1	0.14	-0.04	-0.25	-0.2	-0.37	-0.35	-0.06	-0.21	-0.08	0.13	0.35	-0.59	0.03	0.4
Cash And Short Term Investments	0.59	0.51	0.62	-0.82	-0.36	0.49	0.8	0.24	0.23		0.54	0.73	-0.23	0.03	0.71	0.64	0.42	0.52	-0.14	-0.09	0.57	0.4	0.74	0.36	-0.21	0.06
Net Receivables	0.78	0.62	0.82	-0.56	0.05	0.82	0.69	0.28	-0.21	0.54		0.63	-0.28	0.09	0.85	0.77	0.7	0.77	-0.19	0.16	0.91	0.01	0.58	0.6	0.25	-0.3
Common Stock Total Equity	0.87	0.73	0.86	-0.43	-0.36	0.73	0.75	0.73	-0.1	0.73	0.63		0.23	0.52	0.75	0.87	0.6	0.85	0.31	-0.36	0.61	0.68	0.46	0.57	-0.44	0.05
Non Current Liabilities Total	-0.02	0.11	-0.1	0.72	-0.27	-0.1	-0.22	0.8	0.14	-0.23	-0.28	0.23		0.58	-0.32	-0.07	-0.19	-0.03	0.82	-0.48	-0.17	0.61	-0.28	-0.3	-0.52	0.26
Total Liab	0.52	0.64	0.41	0.29	-0.58	0.41	0.18	0.59	-0.04	0.03	0.09	0.52	0.58		0.08	0.46	0.03	0.49	0.47	-0.2	0.18	0.38	0.0	-0.04	-0.23	0.32
Total Current Assets	0.88	0.62	0.93	-0.74	-0.16	0.78	0.92	0.24	-0.25	0.71	0.85	0.75	-0.32	0.08		0.91	0.72	0.88	-0.11	-0.13	0.74	0.27	0.68	0.81	0.07	-0.17
Common Stock	0.99	0.8	0.99	-0.54	-0.4	0.84	0.9	0.44	-0.2	0.64	0.77	0.87	-0.07	0.46	0.91		0.66	0.95	0.05	-0.25	0.72	0.38	0.64	0.67	-0.07	0.07
Common Stock Shares Outstanding	0.67	0.31	0.71	-0.47	0.19	0.62	0.58	0.3	-0.37	0.42	0.7	0.6	-0.19	0.03	0.72	0.66		0.67	0.07	-0.23	0.44	0.3	0.31	0.71	-0.24	-0.34
Other Stockholder Equity	0.97	0.74	0.97	-0.45	-0.26	0.84	0.79	0.47	-0.35	0.52	0.77	0.85	-0.03	0.49	0.88	0.95	0.67		0.14	-0.21	0.67	0.39	0.45	0.77	-0.05	-0.12
Short Long Term Debt Total	0.1	0.09	0.04	0.48	-0.09	0.05	-0.01	0.7	-0.06	-0.14	-0.19	0.31	0.82	0.47	-0.11	0.05	0.07	0.14		-0.6	-0.24	0.75	-0.35	0.04	-0.61	0.11
Other Current Liab	-0.24	0.1	-0.23	-0.16	0.19	0.14	-0.22	-0.48	-0.21	-0.09	0.16	-0.36	-0.48	-0.2	-0.13	-0.25	-0.23	-0.21	-0.6		0.27	-0.82	-0.02	-0.25	0.65	-0.35
Property Plant And Equipment Net	0.71	0.77	0.72	-0.51	-0.24	0.78	0.67	0.31	-0.08	0.57	0.91	0.61	-0.17	0.18	0.74	0.72	0.44	0.67	-0.24	0.27		-0.04	0.63	0.36	0.32	-0.02
Current Deferred Revenue	0.39	0.19	0.36	0.01	-0.27	0.12	0.36	0.75	0.13	0.4	0.01	0.68	0.61	0.38	0.27	0.38	0.3	0.39	0.75	-0.82	-0.04		0.06	0.32	-0.78	0.19
Short Term Investments	0.57	0.46	0.6	-0.62	-0.42	0.42	0.76	0.09	0.35	0.74	0.58	0.46	-0.28	0.0	0.68	0.64	0.31	0.45	-0.35	-0.02	0.63	0.06		0.18	0.23	0.07
Inventory	0.68	0.29	0.73	-0.54	0.18	0.58	0.62	0.15	-0.59	0.36	0.6	0.57	-0.3	-0.04	0.81	0.67	0.71	0.77	0.04	-0.25	0.36	0.32	0.18		-0.11	-0.38
Other Current Assets	-0.08	0.02	-0.07	-0.11	0.04	0.01	-0.03	-0.6	0.03	-0.21	0.25	-0.44	-0.52	-0.23	0.07	-0.07	-0.24	-0.05	-0.61	0.65	0.32	-0.78	0.23	-0.11		-0.18
Short Term Debt	0.0	0.26	-0.04	0.11	-0.71	-0.12	0.11	0.09	0.4	0.06	-0.3	0.05	0.26	0.32	-0.17	0.07	-0.34	-0.12	0.11	-0.35	-0.02	0.19	0.07	-0.38	-0.18

Click cells to compare fundamentals

GoldMoney Account Relationship Matchups

GoldMoney fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	191.8M	184.7M	190.2M	177.0M	176.1M	185.5M
Total Current Liabilities	3.1M	10.7M	8.3M	2.0M	3.9M	8.0M
Total Stockholder Equity	187.6M	172.4M	180.5M	175.2M	172.5M	141.2M
Net Debt	(31.8M)	(22.6M)	(26.0M)	(40.1M)	25.5M	26.8M
Retained Earnings	5.9M	(10.1M)	1.5M	(4.2M)	2.6M	(21.9M)
Accounts Payable	3.1M	6.3M	5.4M	1.8M	3.9M	2.7M
Cash	26.5M	33.5M	24.1M	26.0M	40.1M	13.3M
Non Current Assets Total	94.2M	93.9M	76.3M	65.4M	167.9M	176.3M
Non Currrent Assets Other	(94.2M)	(93.9M)	(76.3M)	(65.4M)	17.1M	17.9M
Cash And Short Term Investments	45.3M	28.6M	32.0M	42.2M	13.3M	12.7M
Net Receivables	24.1M	23.6M	12.3M	13.8M	1.4M	1.3M
Liabilities And Stockholders Equity	184.7M	190.2M	177.0M	176.1M	185.5M	139.8M
Non Current Liabilities Total	1.6M	1.4M	437.0	0.0	36.3M	38.1M
Total Liab	4.2M	12.3M	9.7M	2.0M	3.9M	44.3M
Total Current Assets	97.9M	90.5M	96.3M	100.7M	110.6M	17.6M
Common Stock	168.1M	170.4M	165.2M	165.6M	156.2M	149.2M
Common Stock Shares Outstanding	77.7M	15.6M	75.8M	75.0M	13.7M	13.0M
Other Stockholder Equity	11.1M	11.4M	13.5M	13.6M	13.4M	12.4M
Short Long Term Debt Total	1.9M	1.5M	437.0	38.8M	44.7M	46.9M
Other Current Liab	10.5M	8.3M	230K	639K	699.6K	664.6K
Property Plant And Equipment Net	4.7M	4.3M	1.4M	882.5K	767.0K	728.6K
Current Deferred Revenue	(6.3M)	(5.4M)	(437.0)	2.0M	2.3M	2.4M
Short Term Investments	17.4M	11.8M	4.5M	6.0M	2.2M	0.0
Inventory	18.3M	16.5M	38.1M	54.2M	53.3M	2.1M
Other Current Assets	5.5M	4.6M	6.0M	2.1M	1.3M	784.7K
Accumulated Other Comprehensive Income	832.2K	251.7K	295.1K	347.9K	1.5M	1.6M
Short Term Debt	65.3K	185.6K	75.4K	437.0	0.0	2.6M
Intangible Assets	20.8M	21.1M	19.4M	18.9M	18.2M	17.1M
Net Tangible Assets	126.0M	114.1M	126.1M	135.2M	142.6M	2.3M
Property Plant Equipment	4.1M	4.7M	4.3M	1.4M	882.5K	72.8K
Property Plant And Equipment Gross	4.7M	6.0M	3.1M	1.5M	1.2M	1.2M
Capital Surpluse	11.4M	13.5M	13.6M	13.4M	15.4M	12.4M
Cash And Equivalents	33.5M	24.1M	26.0M	40.1M	36.1M	25.1M
Long Term Debt	1.0M	961.2K	0.0	36.3M	41.7M	43.8M
Net Invested Capital	173.5M	181.5M	175.2M	172.5M	177.4M	193.5M
Long Term Investments	31.2M	35.2M	34.8M	34.6M	20.6M	30.1M

Pair Trading with GoldMoney

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

Moving against GoldMoney Stock

0.37	JPM	JPMorgan Chase	Pair Corr
0.32	BOFA	Bank of America	Pair Corr

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

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

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

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GoldMoney Common Stock Total Equity vs Cash And Short Term Investments Analysis

Common Stock Total Equity vs Cash And Short Term Investments

Common Stock Total Equity vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Cash And Short Term Investments

GoldMoney fundamental ratios Correlations

GoldMoney Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoldMoney fundamental ratios Accounts

Pair Trading with GoldMoney

Moving against GoldMoney Stock

Other Information on Investing in GoldMoney Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.97	Total Assets
Other Stockholder Equity	+ 0.97	Total Stockholder Equity
Other Stockholder Equity	+ 0.95	Common Stock

Current Deferred Revenue	- 0.82	Other Current Liab
Cash And Short Term Investments	- 0.82	Net Debt
Other Current Assets	- 0.78	Current Deferred Revenue
Total Current Assets	- 0.74	Net Debt
Cash	- 0.74	Net Debt
Short Term Debt	- 0.71	Retained Earnings