Mind Financial Statements From 2010 to 2024
Mind Technology financial statements provide useful quarterly and yearly information to potential Mind Technology Pref investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mind Technology financial statements helps investors assess Mind Technology's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mind Technology's valuation are summarized below:Mind Technology Pref does not presently have any fundamental ratios for analysis.
This module can also supplement various Mind Technology Technical models . Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Check Mind Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mind Technology's main balance sheet or income statement drivers, such as , as well as many indicators such as . Mind financial statements analysis is a perfect complement when working with Mind Technology Valuation or Volatility modules.
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Mind Technology Pref Company Price To Sales Analysis
Mind Technology's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Mind Technology Price To Sales | 0.43 X |
Most of Mind Technology's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mind Technology Pref is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
CompetitionBased on the latest financial disclosure, Mind Technology Pref has a Price To Sales of 0.4318 times. This is 90.95% lower than that of the Energy Equipment & Services sector and 89.82% lower than that of the Energy industry. The price to sales for all United States preferred stocks is 96.22% higher than that of the company.
Mind Technology Pref Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mind Technology's current stock value. Our valuation model uses many indicators to compare Mind Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mind Technology competition to find correlations between indicators driving Mind Technology's intrinsic value. More Info.Mind Technology Pref is considered to be number one stock in price to earning category among its peers. It also is considered to be number one stock in price to sales category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mind Technology's earnings, one of the primary drivers of an investment's value.About Mind Technology Financial Statements
Mind Technology shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Mind Technology investors may analyze each financial statement separately, they are all interrelated. The changes in Mind Technology's assets and liabilities, for example, are also reflected in the revenues and expenses on on Mind Technology's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas. Mitcham Industries operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 200 people.
Pair Trading with Mind Technology
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 Mind Technology 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 Mind Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Mind Preferred Stock
| 0.66 | GARPF | Golden Agri Resources | PairCorr |
| 0.52 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.4 | AUR | Aurora Innovation Buyout Trend | PairCorr |
| 0.4 | FDS | FactSet Research Systems | PairCorr |
| 0.37 | PTAIF | PT Astra International | PairCorr |
The ability to find closely correlated positions to Mind Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mind Technology 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 Mind Technology - 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 Mind Technology Pref to buy it.
The correlation of Mind Technology 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 Mind Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mind Technology Pref 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 Mind Technology 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.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Mind Preferred Stock
If you are still planning to invest in Mind Technology Pref check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Mind Technology's history and understand the potential risks before investing.
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