Great Retained Earnings vs Cash And Short Term Investments Analysis

GWO Stock

CAD 39.91 0.27 0.68%

Great West financial indicator trend analysis is much more than just examining Great West Lifeco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great West Lifeco is a good investment. Please check the relationship between Great West Retained Earnings and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great West Lifeco. 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 And Short Term Investments

Retained Earnings 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 Great West Lifeco Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Great West's Retained Earnings and Cash And Short Term Investments is 0.55. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Great West Lifeco, assuming nothing else is changed. The correlation between historical values of Great West's Retained Earnings 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 Retained Earnings of Great West Lifeco 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 Retained Earnings i.e., Great West's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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 And Short Term Investments

Short Term Investments is an account in the current assets section of Great West Lifeco balance sheet. This account contains Great West investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Great West Lifeco 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 Great West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great West Lifeco 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 Great West Lifeco. 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.

At this time, Great West's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 1st of July 2024, Enterprise Value is likely to grow to about 45.6 B, while Selling General Administrative is likely to drop about 3.5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	64.4B	44.7B	51.4B	32.9B
Total Revenue	64.4B	44.7B	25.3B	32.7B

Gross Profit Total Revenue

Great West fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Non Current Assets Total	Other Current Assets	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Short Term Debt	Accounts Payable	Other Current Liab	Total Current Liabilities
Total Assets		0.98	0.77	0.82	0.5	0.8	0.94	0.73	0.41	-0.07	1.0	0.84	0.83	0.13	-0.55	0.83	0.93	0.88	0.86	0.3	0.0	0.33	0.67	0.75	-0.7	-0.24
Short Long Term Debt Total	0.98		0.68	0.76	0.41	0.72	0.93	0.63	0.4	-0.03	0.98	0.79	0.86	0.12	-0.57	0.75	0.94	0.89	0.85	0.27	0.0	0.31	0.7	0.68	-0.7	-0.27
Total Stockholder Equity	0.77	0.68		0.73	0.75	0.97	0.76	0.9	0.62	-0.26	0.76	0.76	0.72	-0.2	-0.16	0.9	0.63	0.47	0.85	0.62	0.36	0.65	0.58	0.87	-0.36	0.04
Property Plant And Equipment Net	0.82	0.76	0.73		0.4	0.85	0.62	0.88	0.16	-0.17	0.82	0.96	0.53	0.36	-0.71	0.74	0.84	0.65	0.77	0.06	0.02	0.08	0.65	0.86	-0.76	-0.24
Net Debt	0.5	0.41	0.75	0.4		0.7	0.48	0.69	0.57	-0.14	0.49	0.36	0.52	-0.3	-0.02	0.84	0.26	0.31	0.6	0.51	0.25	0.52	0.33	0.5	-0.23	-0.09
Retained Earnings	0.8	0.72	0.97	0.85	0.7		0.72	0.96	0.45	-0.2	0.8	0.86	0.66	0.01	-0.35	0.91	0.72	0.55	0.9	0.44	0.24	0.46	0.64	0.91	-0.5	-0.06
Other Assets	0.94	0.93	0.76	0.62	0.48	0.72		0.6	0.59	-0.14	0.94	0.66	0.88	-0.13	-0.25	0.75	0.81	0.78	0.77	0.54	0.11	0.56	0.57	0.69	-0.43	-0.02
Net Receivables	0.73	0.63	0.9	0.88	0.69	0.96	0.6		0.39	-0.19	0.72	0.82	0.56	0.05	-0.38	0.88	0.68	0.46	0.8	0.33	0.25	0.35	0.58	0.89	-0.51	-0.03
Common Stock Shares Outstanding	0.41	0.4	0.62	0.16	0.57	0.45	0.59	0.39		-0.21	0.4	0.12	0.78	-0.84	0.35	0.44	0.24	0.07	0.37	0.93	0.74	0.93	0.24	0.39	0.1	0.23
Other Stockholder Equity	-0.07	-0.03	-0.26	-0.17	-0.14	-0.2	-0.14	-0.19	-0.21		-0.06	-0.11	-0.03	0.18	-0.19	-0.05	-0.05	0.17	-0.01	-0.34	-0.28	-0.33	-0.15	-0.43	-0.16	-0.27
Total Liab	1.0	0.98	0.76	0.82	0.49	0.8	0.94	0.72	0.4	-0.06		0.84	0.83	0.14	-0.56	0.82	0.93	0.89	0.86	0.29	-0.01	0.32	0.67	0.75	-0.7	-0.25
Property Plant And Equipment Gross	0.84	0.79	0.76	0.96	0.36	0.86	0.66	0.82	0.12	-0.11	0.84		0.55	0.4	-0.72	0.75	0.85	0.73	0.85	0.07	-0.05	0.1	0.66	0.86	-0.77	-0.3
Non Current Assets Total	0.83	0.86	0.72	0.53	0.52	0.66	0.88	0.56	0.78	-0.03	0.83	0.55		-0.38	-0.21	0.67	0.73	0.62	0.75	0.64	0.41	0.66	0.58	0.58	-0.44	-0.13
Other Current Assets	0.13	0.12	-0.2	0.36	-0.3	0.01	-0.13	0.05	-0.84	0.18	0.14	0.4	-0.38		-0.75	0.03	0.28	0.41	0.11	-0.85	-0.77	-0.83	0.12	0.05	-0.56	-0.43
Total Current Assets	-0.55	-0.57	-0.16	-0.71	-0.02	-0.35	-0.25	-0.38	0.35	-0.19	-0.56	-0.72	-0.21	-0.75		-0.36	-0.66	-0.68	-0.5	0.53	0.41	0.51	-0.46	-0.34	0.95	0.7
Intangible Assets	0.83	0.75	0.9	0.74	0.84	0.91	0.75	0.88	0.44	-0.05	0.82	0.75	0.67	0.03	-0.36		0.67	0.67	0.86	0.36	0.06	0.39	0.54	0.75	-0.54	-0.17
Cash	0.93	0.94	0.63	0.84	0.26	0.72	0.81	0.68	0.24	-0.05	0.93	0.85	0.73	0.28	-0.66	0.67		0.8	0.83	0.12	0.03	0.15	0.8	0.7	-0.75	-0.25
Cash And Short Term Investments	0.88	0.89	0.47	0.65	0.31	0.55	0.78	0.46	0.07	0.17	0.89	0.73	0.62	0.41	-0.68	0.67	0.8		0.71	-0.05	-0.43	-0.01	0.45	0.51	-0.75	-0.39
Good Will	0.86	0.85	0.85	0.77	0.6	0.9	0.77	0.8	0.37	-0.01	0.86	0.85	0.75	0.11	-0.5	0.86	0.83	0.71		0.32	0.16	0.35	0.79	0.75	-0.66	-0.29
Common Stock Total Equity	0.3	0.27	0.62	0.06	0.51	0.44	0.54	0.33	0.93	-0.34	0.29	0.07	0.64	-0.85	0.53	0.36	0.12	-0.05	0.32		0.73	1.0	0.2	0.39	0.3	0.39
Non Current Liabilities Total	0.0	0.0	0.36	0.02	0.25	0.24	0.11	0.25	0.74	-0.28	-0.01	-0.05	0.41	-0.77	0.41	0.06	0.03	-0.43	0.16	0.73		0.71	0.33	0.18	0.25	0.27
Common Stock	0.33	0.31	0.65	0.08	0.52	0.46	0.56	0.35	0.93	-0.33	0.32	0.1	0.66	-0.83	0.51	0.39	0.15	-0.01	0.35	1.0	0.71		0.22	0.42	0.27	0.37
Short Term Debt	0.67	0.7	0.58	0.65	0.33	0.64	0.57	0.58	0.24	-0.15	0.67	0.66	0.58	0.12	-0.46	0.54	0.8	0.45	0.79	0.2	0.33	0.22		0.5	-0.56	-0.23
Accounts Payable	0.75	0.68	0.87	0.86	0.5	0.91	0.69	0.89	0.39	-0.43	0.75	0.86	0.58	0.05	-0.34	0.75	0.7	0.51	0.75	0.39	0.18	0.42	0.5		-0.44	0.08
Other Current Liab	-0.7	-0.7	-0.36	-0.76	-0.23	-0.5	-0.43	-0.51	0.1	-0.16	-0.7	-0.77	-0.44	-0.56	0.95	-0.54	-0.75	-0.75	-0.66	0.3	0.25	0.27	-0.56	-0.44		0.78
Total Current Liabilities	-0.24	-0.27	0.04	-0.24	-0.09	-0.06	-0.02	-0.03	0.23	-0.27	-0.25	-0.3	-0.13	-0.43	0.7	-0.17	-0.25	-0.39	-0.29	0.39	0.27	0.37	-0.23	0.08	0.78

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Great West Account Relationship Matchups

Great West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	451.2B	600.5B	630.5B	701.5B	713.2B	748.9B
Short Long Term Debt Total	7.0B	10.7B	9.7B	11.3B	13.0B	13.6B
Total Stockholder Equity	22.7B	24.0B	27.2B	29.0B	26.8B	16.2B
Property Plant And Equipment Net	1.6B	1.6B	1.5B	1.5B	1.4B	1.3B
Net Debt	2.3B	2.8B	5.0B	4.9B	2.2B	1.9B
Retained Earnings	13.7B	15.0B	16.4B	17.8B	15.5B	8.4B
Other Assets	301.5B	420.6B	455.7B	510.2B	586.7B	616.1B
Net Receivables	6.5B	6.7B	7.1B	7.9B	4.9B	3.6B
Common Stock Shares Outstanding	946.5M	927.8M	931.0M	932.3M	932.4M	973.3M
Liabilities And Stockholders Equity	451.2B	600.5B	630.5B	701.5B	806.7B	847.0B
Other Stockholder Equity	350M	372M	1.7B	1.7B	1.5B	1.6B
Total Liab	425.6B	573.5B	600.0B	669.1B	683.4B	717.5B
Property Plant And Equipment Gross	1.0B	1.2B	1.6B	1.6B	1.8B	1.2B
Other Current Assets	22.7B	24.4B	24.4B	29.8B	26.8B	21.2B
Total Current Assets	11.2B	14.6B	24.3B	26.7B	24.0B	22.8B
Intangible Assets	3.9B	4.3B	5.5B	6.2B	4.5B	3.9B
Cash	4.6B	7.9B	4.8B	6.4B	7.1B	7.4B
Cash And Short Term Investments	4.6B	7.9B	17.2B	18.8B	21.7B	22.7B
Good Will	6.5B	10.1B	9.1B	10.6B	11.2B	6.4B
Common Stock Total Equity	7.3B	7.3B	5.6B	5.7B	6.5B	5.6B
Common Stock	5.6B	5.7B	5.7B	5.8B	6.7B	5.7B
Accumulated Other Comprehensive Income	495M	487M	632M	981M	1.1B	1.2B
Short Term Debt	808M	2.0B	1.1B	1.2B	1.3B	1.0B
Accounts Payable	3.4B	2.7B	3.0B	3.2B	3.2B	2.0B
Other Current Liab	(4.2B)	(4.7B)	(4.1B)	(4.3B)	(3.9B)	(3.7B)
Total Current Liabilities	4.2B	4.7B	4.1B	4.3B	3.9B	5.2B
Other Liab	410.2B	554.7B	580.6B	644.6B	741.3B	472.6B
Net Tangible Assets	9.6B	6.9B	9.9B	9.5B	10.9B	9.9B
Long Term Debt	5.6B	8.7B	8.6B	9.6B	8.9B	7.4B
Long Term Investments	126.5B	149.3B	134.4B	146.2B	214.2B	123.7B
Short Long Term Debt	1.3B	1.4B	593M	1.2B	435M	413.3M
Property Plant Equipment	1.6B	1.6B	1.5B	1.5B	1.7B	1.3B
Long Term Debt Total	6.1B	9.3B	9.1B	10.1B	11.7B	8.1B
Capital Surpluse	175M	186M	192M	209M	240.4M	187.2M
Net Invested Capital	26.3B	31.5B	33.7B	37.1B	33.4B	34.0B
Capital Stock	8.3B	8.4B	8.5B	8.5B	8.7B	7.0B

Pair Trading with Great West

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

Moving against Great Stock

0.33	WMT	Walmart Inc CDR	Pair Corr
0.32	AAPL	Apple Inc CDR	Pair Corr

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

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

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

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Great Retained Earnings vs Cash And Short Term Investments Analysis

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash And Short Term Investments

Great West fundamental ratios Correlations

Great West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great West fundamental ratios Accounts

Pair Trading with Great West

Moving against Great Stock

Other Information on Investing in Great Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Short Long Term Debt Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total
Retained Earnings	+ 0.97	Total Stockholder Equity
Property Plant And Equipment Gross	+ 0.96	Property Plant And Equipment Net

Common Stock Total Equity	- 0.85	Other Current Assets
Other Current Assets	- 0.84	Common Stock Shares Outstanding
Common Stock	- 0.83	Other Current Assets
Non Current Liabilities Total	- 0.77	Other Current Assets
Other Current Liab	- 0.77	Property Plant And Equipment Gross
Other Current Liab	- 0.76	Property Plant And Equipment Net