Major Net Income from 2010 to 2026
| MDI Stock | CAD 14.68 0.37 2.46% |
Net Income | First Reported 1997-01-31 | Previous Quarter 10.1 M | Current Value 13.9 M | Quarterly Volatility 13.9 M |
Check Major Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Major Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 76.7 M, Interest Expense of 931.5 K or Selling General Administrative of 45.2 M, as well as many indicators such as Price To Sales Ratio of 0.97, Dividend Yield of 0.0044 or PTB Ratio of 1.32. Major financial statements analysis is a perfect complement when working with Major Drilling Valuation or Volatility modules.
Major | Net Income |
Evaluating Major Drilling's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Major Drilling Group's fundamental strength.
Latest Major Drilling's Net Income Growth Pattern
Below is the plot of the Net Income of Major Drilling Group over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Major Drilling Group financial statement analysis. It represents the amount of money remaining after all of Major Drilling Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Major Drilling's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Major Drilling's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 37.3 M | 10 Years Trend |
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Net Income |
| Timeline |
Major Net Income Regression Statistics
| Arithmetic Mean | 7,457,701 | |
| Coefficient Of Variation | 662.56 | |
| Mean Deviation | 41,873,636 | |
| Median | 10,034,000 | |
| Standard Deviation | 49,411,697 | |
| Sample Variance | 2441.5T | |
| Range | 160.7M | |
| R-Value | 0.25 | |
| Mean Square Error | 2445.3T | |
| R-Squared | 0.06 | |
| Significance | 0.34 | |
| Slope | 2,417,478 | |
| Total Sum of Squares | 39064.3T |
Major Net Income History
About Major Drilling Financial Statements
Major Drilling investors utilize fundamental indicators, such as Net Income, to predict how Major Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income | 42.9 M | 45 M | |
| Net Income From Continuing Ops | 29.8 M | 31.3 M | |
| Net Income Applicable To Common Shares | 29.8 M | 31.3 M | |
| Net Income Per Share | 0.36 | 0.38 | |
| Net Income Per E B T | 0.63 | 0.51 |
Pair Trading with Major Drilling
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 Major Drilling 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 Major Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Major Stock
| 0.95 | AG | First Majestic Silver | PairCorr |
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.95 | ORE | Orezone Gold Corp | PairCorr |
| 0.87 | FDY | Faraday Copper Corp | PairCorr |
Moving against Major Stock
| 0.78 | CSU | Constellation Software | PairCorr |
| 0.63 | IFC | Intact Financial Earnings Call This Week | PairCorr |
| 0.33 | CLS | Celestica | PairCorr |
The ability to find closely correlated positions to Major Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Major Drilling 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 Major Drilling - 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 Major Drilling Group to buy it.
The correlation of Major Drilling 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 Major Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Major Drilling Group 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 Major Drilling 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 Major Stock
Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.