Grid Intangible Assets vs Net Receivables Analysis

GDYN Stock

USD 8.00 0.08 0.99%

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

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Dynamics Holdings Intangible Assets account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Grid Dynamics' Intangible Assets and Net Receivables is 0.87. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Grid Dynamics Holdings, assuming nothing else is changed. The correlation between historical values of Grid Dynamics' Intangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Grid Dynamics Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Intangible Assets i.e., Grid Dynamics' Intangible Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Receivables

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

As of the 6th of August 2025, Issuance Of Capital Stock is likely to grow to about 113.5 M, while Tax Provision is likely to drop about 4 M.

	2022	2023	2024	2025 (projected)
Gross Profit	120.6M	113.1M	127.0M	83.6M
Total Revenue	310.5M	312.9M	350.6M	216.9M

Gross Profit Total Revenue

Grid Dynamics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Non Current Liabilities Total
Total Assets		0.98	1.0	1.0	0.99	0.98	-0.99	-0.87	0.9	1.0	0.99	0.01	0.81	1.0	0.91	0.99	0.83	0.2	0.9	0.97	0.99	1.0	0.98	0.99	0.87	0.55
Other Current Liab	0.98		0.98	0.98	0.95	0.96	-0.96	-0.82	0.84	0.97	0.99	-0.03	0.73	0.97	0.88	1.0	0.78	0.06	0.9	0.95	0.98	0.97	1.0	0.95	0.78	0.56
Total Current Liabilities	1.0	0.98		1.0	0.99	0.99	-0.99	-0.89	0.9	0.99	0.99	0.0	0.77	0.99	0.91	1.0	0.81	0.17	0.92	0.96	1.0	0.99	0.98	0.99	0.86	0.59
Total Stockholder Equity	1.0	0.98	1.0		0.99	0.98	-0.99	-0.87	0.9	1.0	0.99	0.01	0.81	1.0	0.91	0.99	0.83	0.2	0.89	0.97	0.99	1.0	0.98	0.99	0.87	0.54
Net Tangible Assets	0.99	0.95	0.99	0.99		0.97	-1.0	-0.88	0.93	1.0	0.97	0.01	0.85	1.0	0.93	0.98	0.86	0.28	0.86	0.97	0.98	1.0	0.95	0.99	0.91	0.5
Property Plant And Equipment Net	0.98	0.96	0.99	0.98	0.97		-0.97	-0.88	0.88	0.98	0.98	0.04	0.76	0.98	0.89	0.97	0.81	0.14	0.93	0.94	0.99	0.98	0.96	0.98	0.83	0.64
Net Debt	-0.99	-0.96	-0.99	-0.99	-1.0	-0.97		0.87	-0.93	-1.0	-0.98	-0.02	-0.86	-1.0	-0.94	-0.98	-0.86	-0.27	-0.86	-0.97	-0.98	-1.0	-0.96	-0.99	-0.91	-0.53
Retained Earnings	-0.87	-0.82	-0.89	-0.87	-0.88	-0.88	0.87		-0.87	-0.87	-0.86	0.09	-0.67	-0.87	-0.83	-0.86	-0.6	-0.15	-0.88	-0.88	-0.85	-0.87	-0.83	-0.9	-0.88	-0.57
Accounts Payable	0.9	0.84	0.9	0.9	0.93	0.88	-0.93	-0.87		0.91	0.87	0.02	0.86	0.91	0.99	0.87	0.87	0.41	0.76	0.88	0.89	0.91	0.83	0.93	0.96	0.58
Cash	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91		0.98	0.02	0.84	1.0	0.92	0.99	0.85	0.25	0.88	0.97	0.99	1.0	0.97	0.99	0.89	0.52
Non Current Assets Total	0.99	0.99	0.99	0.99	0.97	0.98	-0.98	-0.86	0.87	0.98		0.0	0.76	0.98	0.89	1.0	0.79	0.1	0.92	0.96	0.99	0.99	1.0	0.97	0.82	0.58
Non Currrent Assets Other	0.01	-0.03	0.0	0.01	0.01	0.04	-0.02	0.09	0.02	0.02	0.0		-0.01	0.02	-0.02	-0.01	-0.05	0.26	0.15	0.17	0.07	0.02	-0.01	0.03	-0.05	0.18
Other Assets	0.81	0.73	0.77	0.81	0.85	0.76	-0.86	-0.67	0.86	0.84	0.76	-0.01		0.84	0.85	0.77	0.86	0.39	0.56	0.79	0.76	0.82	0.73	0.81	0.88	0.31
Cash And Short Term Investments	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91	1.0	0.98	0.02	0.84		0.92	0.99	0.85	0.25	0.88	0.97	0.99	1.0	0.97	0.99	0.89	0.52
Net Receivables	0.91	0.88	0.91	0.91	0.93	0.89	-0.94	-0.83	0.99	0.92	0.89	-0.02	0.85	0.92		0.9	0.88	0.32	0.76	0.88	0.9	0.92	0.87	0.92	0.93	0.6
Good Will	0.99	1.0	1.0	0.99	0.98	0.97	-0.98	-0.86	0.87	0.99	1.0	-0.01	0.77	0.99	0.9		0.79	0.11	0.91	0.96	0.99	0.99	1.0	0.97	0.83	0.57
Common Stock Shares Outstanding	0.83	0.78	0.81	0.83	0.86	0.81	-0.86	-0.6	0.87	0.85	0.79	-0.05	0.86	0.85	0.88	0.79		0.43	0.55	0.73	0.82	0.84	0.76	0.84	0.8	0.39
Inventory	0.2	0.06	0.17	0.2	0.28	0.14	-0.27	-0.15	0.41	0.25	0.1	0.26	0.39	0.25	0.32	0.11	0.43		0.03	0.19	0.19	0.24	0.05	0.28	0.49	-0.02
Other Current Assets	0.9	0.9	0.92	0.89	0.86	0.93	-0.86	-0.88	0.76	0.88	0.92	0.15	0.56	0.88	0.76	0.91	0.55	0.03		0.91	0.92	0.89	0.91	0.9	0.72	0.73
Other Stockholder Equity	0.97	0.95	0.96	0.97	0.97	0.94	-0.97	-0.88	0.88	0.97	0.96	0.17	0.79	0.97	0.88	0.96	0.73	0.19	0.91		0.96	0.97	0.95	0.96	0.86	0.52
Total Liab	0.99	0.98	1.0	0.99	0.98	0.99	-0.98	-0.85	0.89	0.99	0.99	0.07	0.76	0.99	0.9	0.99	0.82	0.19	0.92	0.96		0.99	0.98	0.98	0.83	0.61
Total Current Assets	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91	1.0	0.99	0.02	0.82	1.0	0.92	0.99	0.84	0.24	0.89	0.97	0.99		0.97	0.99	0.88	0.54
Intangible Assets	0.98	1.0	0.98	0.98	0.95	0.96	-0.96	-0.83	0.83	0.97	1.0	-0.01	0.73	0.97	0.87	1.0	0.76	0.05	0.91	0.95	0.98	0.97		0.95	0.78	0.58
Property Plant Equipment	0.99	0.95	0.99	0.99	0.99	0.98	-0.99	-0.9	0.93	0.99	0.97	0.03	0.81	0.99	0.92	0.97	0.84	0.28	0.9	0.96	0.98	0.99	0.95		0.9	0.57
Current Deferred Revenue	0.87	0.78	0.86	0.87	0.91	0.83	-0.91	-0.88	0.96	0.89	0.82	-0.05	0.88	0.89	0.93	0.83	0.8	0.49	0.72	0.86	0.83	0.88	0.78	0.9		0.48
Non Current Liabilities Total	0.55	0.56	0.59	0.54	0.5	0.64	-0.53	-0.57	0.58	0.52	0.58	0.18	0.31	0.52	0.6	0.57	0.39	-0.02	0.73	0.52	0.61	0.54	0.58	0.57	0.48

Click cells to compare fundamentals

Grid Dynamics Account Relationship Matchups

Grid Dynamics fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	167.1M	256.7M	411.1M	435.2M	592.2M	621.8M
Other Current Liab	11.3M	21.3M	20.5M	24.2M	38.0M	39.9M
Total Current Liabilities	13.3M	25.3M	38.7M	42.2M	55.5M	58.3M
Total Stockholder Equity	151.7M	227.1M	363.0M	382.9M	517.8M	543.7M
Net Tangible Assets	52.9M	128.9M	172.0M	295.7M	340.0M	357.0M
Property Plant And Equipment Net	4.1M	6.2M	15.9M	21.8M	26.1M	27.4M
Net Debt	(112.7M)	(144.4M)	(248.6M)	(246.2M)	(322.0M)	(305.9M)
Retained Earnings	22.8M	15.1M	(14.1M)	(15.9M)	(11.8M)	(11.3M)
Accounts Payable	757K	2.1M	3.9M	3.6M	4.1M	2.2M
Cash	112.7M	144.4M	256.7M	257.2M	334.7M	351.4M
Non Current Assets Total	32.5M	64.0M	88.0M	111.2M	168.9M	177.3M
Non Currrent Assets Other	(26.9M)	(61.2M)	224K	1.2M	2.7M	2.8M
Other Assets	1.5M	5.6M	2.7M	5.2M	6.0M	3.0M
Cash And Short Term Investments	112.7M	144.4M	256.7M	257.2M	334.7M	351.4M
Net Receivables	18.7M	43.3M	53.9M	53.6M	69.4M	39.5M
Good Will	14.7M	36.0M	45.5M	53.9M	83.4M	87.6M
Common Stock Shares Outstanding	44.7M	58.7M	69.2M	75.2M	80.0M	59.7M
Liabilities And Stockholders Equity	167.1M	256.7M	411.1M	435.2M	592.2M	621.8M
Inventory	2.2M	821K	584K	4.3M	1.15	1.09
Other Current Assets	3.2M	5.1M	12.4M	13.2M	19.3M	20.2M
Other Stockholder Equity	128.9M	212.1M	378.0M	397.5M	532.6M	559.2M
Total Liab	15.4M	29.7M	48.1M	52.3M	74.4M	78.1M
Total Current Assets	134.6M	192.8M	323.1M	324.0M	423.3M	444.5M
Intangible Assets	8.1M	19.1M	20.4M	26.5M	47.9M	50.3M
Property Plant Equipment	2.9M	4.1M	6.2M	14.4M	16.6M	17.4M
Current Deferred Revenue	731K	798K	1.9M	1.3M	1.5M	976.1K
Non Current Liabilities Total	2.1M	4.3M	9.4M	10.0M	18.8M	9.7M
Net Invested Capital	151.7M	227.1M	363.0M	382.9M	517.8M	271.9M
Property Plant And Equipment Gross	2.8M	17.9M	15.9M	29.2M	50.8M	53.4M
Accumulated Other Comprehensive Income	(4K)	(126K)	(848K)	1.3M	(2.9M)	(3.1M)
Capital Stock	8.1M	5K	7K	8K	7.2K	6.8K
Net Working Capital	121.3M	167.4M	284.4M	281.8M	367.8M	205.7M
Short Term Debt	8.6M	12.9M	2.5M	18.8M	5.4M	9.7M
Common Stock	8.1M	5K	7K	8K	7.2K	6.8K

Pair Trading with Grid Dynamics

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

Moving together with Grid Stock

0.77	FI	Fiserv,	Pair Corr
0.91	IT	Gartner	Pair Corr

Moving against Grid Stock

0.74	PSN	Parsons Corp	Pair Corr
0.69	GDS	GDS Holdings	Pair Corr
0.62	JFU	9F Inc	Pair Corr
0.6	CTM	Castellum	Pair Corr
0.58	VRRM	Verra Mobility Corp Earnings Call Today	Pair Corr

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

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

When determining whether Grid Dynamics Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grid Dynamics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grid Dynamics Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grid Dynamics Holdings Stock:

How To Invest In Grid

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Is Grid Stock a good investment?

Details

What is Grid Dynamics' Net Worth?

Details

Largest Information Technology Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Grid Dynamics. If investors know Grid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Grid Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.468

Earnings Share

0.2

Revenue Per Share

4.779

Quarterly Revenue Growth

0.217

Return On Assets

0.0079

The market value of Grid Dynamics Holdings is measured differently than its book value, which is the value of Grid that is recorded on the company's balance sheet. Investors also form their own opinion of Grid Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Grid Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Grid Dynamics' market value can be influenced by many factors that don't directly affect Grid Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Grid Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Grid Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grid Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Grid Intangible Assets vs Net Receivables Analysis

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Receivables

Grid Dynamics fundamental ratios Correlations

Grid Dynamics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Grid Dynamics fundamental ratios Accounts

Pair Trading with Grid Dynamics

Moving together with Grid Stock

Moving against Grid Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Good Will	+ 1.0	Other Current Liab

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Net Tangible Assets
Property Plant Equipment	- 0.99	Net Debt
Net Debt	- 0.99	Total Stockholder Equity