This module uses fundamental data of MorningStar Partners, to approximate the value of its Beneish M Score. MorningStar Partners, M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out MorningStar Partners, Piotroski F Score and MorningStar Partners, Altman Z Score analysis.
At this time, it appears that MorningStar Partners, is an unlikely manipulator. The earnings manipulation may begin if MorningStar Partners,'s top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by MorningStar Partners, executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of MorningStar Partners,'s earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if MorningStar Partners,'s auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between MorningStar Partners,'s different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards MorningStar Partners, in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find MorningStar Partners,'s degree of accounting gimmicks and manipulations.
M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.
Other Operating Expenses
299.94 Million
At this time, MorningStar Partners,'s Other Operating Expenses is very stable compared to the past year.
MorningStar Partners, ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, MorningStar Partners,'s sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to MorningStar Partners,'s managers, analysts, and investors.
Environmental
Governance
Social
About MorningStar Partners, Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MorningStar Partners, LP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MorningStar Partners, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MorningStar Partners, LP based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
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 MorningStar Partners, 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 MorningStar Partners, will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MorningStar Partners, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MorningStar Partners, 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 MorningStar Partners, - 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 MorningStar Partners, LP to buy it.
The correlation of MorningStar Partners, 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 MorningStar Partners, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MorningStar Partners, 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 MorningStar Partners, 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.
When determining whether MorningStar Partners, offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MorningStar Partners,'s 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 Morningstar Partners, Lp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Morningstar Partners, Lp Stock:
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Oil & Gas Exploration & Production 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 MorningStar Partners,. If investors know MorningStar 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 MorningStar Partners, 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
(0.98)
Dividend Share
2.38
Earnings Share
(6.03)
Revenue Per Share
8.647
Quarterly Revenue Growth
(0.02)
The market value of MorningStar Partners, is measured differently than its book value, which is the value of MorningStar that is recorded on the company's balance sheet. Investors also form their own opinion of MorningStar Partners,'s value that differs from its market value or its book value, called intrinsic value, which is MorningStar Partners,'s 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 MorningStar Partners,'s market value can be influenced by many factors that don't directly affect MorningStar Partners,'s 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 MorningStar Partners,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if MorningStar Partners, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MorningStar Partners,'s 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.