GDEV Non Current Liabilities Total vs Total Stockholder Equity Analysis

GDEV Stock

USD 2.20 0.01 0.45%

GDEV financial indicator trend analysis is much more than just examining GDEV Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GDEV Inc is a good investment. Please check the relationship between GDEV Non Current Liabilities Total and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDEV Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Non Current Liabilities Total vs Total Stockholder Equity

Non Current Liabilities Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GDEV Inc Non Current Liabilities Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have pay attention.

The correlation between GDEV's Non Current Liabilities Total and Total Stockholder Equity is -0.98. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of GDEV Inc, assuming nothing else is changed. The correlation between historical values of GDEV's Non Current Liabilities Total and Total 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 Non Current Liabilities Total of GDEV Inc are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., GDEV's Non Current Liabilities Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.98

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Non Current Liabilities Total

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from GDEV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GDEV Inc 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 GDEV Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, GDEV's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.95 in 2024, whereas Tax Provision is likely to drop slightly above 1.7 M in 2024.

	2021	2022	2023	2024 (projected)
Net Interest Income	6.9M	801K	1.5M	2.5M
Tax Provision	1.1M	3.8M	2.0M	1.7M

Net Interest Income Tax Provision

GDEV fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets
Total Assets		-0.91	-0.92	1.0	-0.94	0.99	-0.99	0.96	-0.92	-0.97	0.79	0.92	0.99	0.48	0.33	0.94	0.98	-0.12	0.74	0.99	-0.25	0.61	0.76	1.0	0.98	1.0
Short Long Term Debt Total	-0.91		0.99	-0.93	0.91	-0.86	0.91	-0.78	0.89	0.84	-0.55	-0.9	-0.95	-0.63	-0.48	-0.93	-0.83	0.3	-0.6	-0.91	0.13	-0.45	-0.68	-0.92	-0.92	-0.88
Other Current Liab	-0.92	0.99		-0.94	0.94	-0.88	0.92	-0.8	0.95	0.86	-0.51	-0.95	-0.95	-0.52	-0.54	-0.96	-0.83	0.37	-0.53	-0.93	0.07	-0.4	-0.73	-0.94	-0.94	-0.89
Total Current Liabilities	1.0	-0.93	-0.94		-0.96	0.98	-0.99	0.94	-0.93	-0.97	0.76	0.94	1.0	0.48	0.38	0.96	0.97	-0.15	0.71	0.99	-0.21	0.57	0.78	1.0	0.98	0.99
Total Stockholder Equity	-0.94	0.91	0.94	-0.96		-0.93	0.95	-0.86	0.97	0.94	-0.65	-0.97	-0.97	-0.34	-0.61	-0.99	-0.88	0.29	-0.51	-0.98	-0.06	-0.34	-0.9	-0.97	-0.94	-0.92
Other Liab	0.99	-0.86	-0.88	0.98	-0.93		-0.98	0.98	-0.91	-0.97	0.8	0.91	0.97	0.42	0.32	0.92	0.99	-0.14	0.72	0.98	-0.25	0.6	0.76	0.98	0.98	1.0
Net Tangible Assets	-0.99	0.91	0.92	-0.99	0.95	-0.98		-0.94	0.92	0.99	-0.79	-0.93	-0.99	-0.44	-0.33	-0.96	-0.97	0.07	-0.75	-0.99	0.24	-0.61	-0.78	-1.0	-0.97	-0.98
Property Plant And Equipment Net	0.96	-0.78	-0.8	0.94	-0.86	0.98	-0.94		-0.87	-0.94	0.79	0.87	0.91	0.33	0.18	0.84	0.98	-0.09	0.75	0.94	-0.38	0.7	0.66	0.94	0.96	0.98
Net Debt	-0.92	0.89	0.95	-0.93	0.97	-0.91	0.92	-0.87		0.89	-0.53	-1.0	-0.93	-0.25	-0.59	-0.96	-0.85	0.41	-0.45	-0.95	0.0	-0.36	-0.82	-0.94	-0.95	-0.9
Retained Earnings	-0.97	0.84	0.86	-0.97	0.94	-0.97	0.99	-0.94	0.89		-0.84	-0.91	-0.97	-0.36	-0.31	-0.94	-0.97	-0.01	-0.74	-0.98	0.22	-0.59	-0.82	-0.98	-0.94	-0.97
Accounts Payable	0.79	-0.55	-0.51	0.76	-0.65	0.8	-0.79	0.79	-0.53	-0.84		0.54	0.75	0.43	-0.03	0.65	0.85	0.4	0.84	0.75	-0.34	0.63	0.63	0.76	0.67	0.8
Cash	0.92	-0.9	-0.95	0.94	-0.97	0.91	-0.93	0.87	-1.0	-0.91	0.54		0.94	0.25	0.54	0.97	0.86	-0.35	0.49	0.96	-0.05	0.42	0.8	0.95	0.96	0.9
Non Current Assets Total	0.99	-0.95	-0.95	1.0	-0.97	0.97	-0.99	0.91	-0.93	-0.97	0.75	0.94		0.5	0.43	0.98	0.95	-0.16	0.69	0.99	-0.15	0.52	0.81	1.0	0.97	0.97
Non Currrent Assets Other	0.48	-0.63	-0.52	0.48	-0.34	0.42	-0.44	0.33	-0.25	-0.36	0.43	0.25	0.5		0.0	0.38	0.45	0.04	0.59	0.39	-0.32	0.39	0.13	0.45	0.42	0.47
Other Assets	0.33	-0.48	-0.54	0.38	-0.61	0.32	-0.33	0.18	-0.59	-0.31	-0.03	0.54	0.43	0.0		0.57	0.18	-0.73	-0.35	0.43	0.79	-0.53	0.73	0.4	0.37	0.28
Cash And Short Term Investments	0.94	-0.93	-0.96	0.96	-0.99	0.92	-0.96	0.84	-0.96	-0.94	0.65	0.97	0.98	0.38	0.57		0.88	-0.24	0.55	0.97	0.02	0.37	0.88	0.97	0.93	0.92
Net Receivables	0.98	-0.83	-0.83	0.97	-0.88	0.99	-0.97	0.98	-0.85	-0.97	0.85	0.86	0.95	0.45	0.18	0.88		0.0	0.82	0.96	-0.38	0.7	0.69	0.97	0.96	0.99
Common Stock Shares Outstanding	-0.12	0.3	0.37	-0.15	0.29	-0.14	0.07	-0.09	0.41	-0.01	0.4	-0.35	-0.16	0.04	-0.73	-0.24	0.0		0.48	-0.16	-0.5	0.44	-0.23	-0.15	-0.26	-0.1
Short Term Investments	0.74	-0.6	-0.53	0.71	-0.51	0.72	-0.75	0.75	-0.45	-0.74	0.84	0.49	0.69	0.59	-0.35	0.55	0.82	0.48		0.67	-0.74	0.92	0.27	0.7	0.66	0.76
Non Current Liabilities Total	0.99	-0.91	-0.93	0.99	-0.98	0.98	-0.99	0.94	-0.95	-0.98	0.75	0.96	0.99	0.39	0.43	0.97	0.96	-0.16	0.67		-0.15	0.52	0.83	1.0	0.98	0.98
Inventory	-0.25	0.13	0.07	-0.21	-0.06	-0.25	0.24	-0.38	0.0	0.22	-0.34	-0.05	-0.15	-0.32	0.79	0.02	-0.38	-0.5	-0.74	-0.15		-0.91	0.38	-0.19	-0.25	-0.31
Other Current Assets	0.61	-0.45	-0.4	0.57	-0.34	0.6	-0.61	0.7	-0.36	-0.59	0.63	0.42	0.52	0.39	-0.53	0.37	0.7	0.44	0.92	0.52	-0.91		0.02	0.56	0.58	0.65
Other Stockholder Equity	0.76	-0.68	-0.73	0.78	-0.9	0.76	-0.78	0.66	-0.82	-0.82	0.63	0.8	0.81	0.13	0.73	0.88	0.69	-0.23	0.27	0.83	0.38	0.02		0.8	0.72	0.73
Total Liab	1.0	-0.92	-0.94	1.0	-0.97	0.98	-1.0	0.94	-0.94	-0.98	0.76	0.95	1.0	0.45	0.4	0.97	0.97	-0.15	0.7	1.0	-0.19	0.56	0.8		0.98	0.99
Deferred Long Term Liab	0.98	-0.92	-0.94	0.98	-0.94	0.98	-0.97	0.96	-0.95	-0.94	0.67	0.96	0.97	0.42	0.37	0.93	0.96	-0.26	0.66	0.98	-0.25	0.58	0.72	0.98		0.98
Total Current Assets	1.0	-0.88	-0.89	0.99	-0.92	1.0	-0.98	0.98	-0.9	-0.97	0.8	0.9	0.97	0.47	0.28	0.92	0.99	-0.1	0.76	0.98	-0.31	0.65	0.73	0.99	0.98

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GDEV Account Relationship Matchups

Pair Trading with GDEV

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

Moving together with GDEV Stock

0.62

GDEVW

Nexters Warrant

Pair Corr

Moving against GDEV Stock

0.66	GMGI	Golden Matrix Group Earnings Call This Week	Pair Corr
0.66	PLTK	Playtika Holding Corp	Pair Corr
0.44	GIGM	Giga Media	Pair Corr
0.33	MSGM	Motorsport Gaming Earnings Call This Week	Pair Corr

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

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

Additional Tools for GDEV Stock Analysis

When running GDEV's price analysis, check to measure GDEV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GDEV is operating at the current time. Most of GDEV's value examination focuses on studying past and present price action to predict the probability of GDEV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GDEV's price. Additionally, you may evaluate how the addition of GDEV to your portfolios can decrease your overall portfolio volatility.

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