Goodfellow Common Stock Shares Outstanding vs Intangible Assets Analysis
| GDL Stock | | | CAD 11.50 0.28 2.38% |
Goodfellow financial indicator trend analysis is much more than just examining Goodfellow latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodfellow is a good investment. Please check the relationship between Goodfellow Common Stock Shares Outstanding and its Intangible Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodfellow. 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 Shares Outstanding vs Intangible Assets
Common Stock Shares Outstanding vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goodfellow Common Stock Shares Outstanding account and
Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goodfellow's Common Stock Shares Outstanding and Intangible Assets is -0.27. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Goodfellow, assuming nothing else is changed. The correlation between historical values of Goodfellow's Common Stock Shares Outstanding and Intangible Assets 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 Shares Outstanding of Goodfellow are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Goodfellow's Common Stock Shares Outstanding and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Goodfellow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodfellow 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 Goodfellow. 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, Goodfellow's
Selling General Administrative is very stable compared to the past year. As of the 1st of August 2025,
Enterprise Value is likely to grow to about 128.3
M, while
Tax Provision is likely to drop about 4.4
M.
Goodfellow fundamental ratios Correlations
Click cells to compare fundamentals
Goodfellow Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodfellow fundamental ratios Accounts
Pair Trading with Goodfellow
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 Goodfellow 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 Goodfellow will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Goodfellow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfellow 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 Goodfellow - 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 Goodfellow to buy it.
The correlation of Goodfellow 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 Goodfellow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfellow 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 Goodfellow 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.
Other Information on Investing in Goodfellow Stock
Balance Sheet is a snapshot of the
financial position of Goodfellow at a specified time, usually calculated after every quarter, six months, or one year. Goodfellow Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goodfellow 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 Goodfellow currently owns. An asset can also be divided into two categories, current and non-current.