MagIndustries Total Current Assets vs Net Receivables Analysis
| MAAFF Stock | USD 0.0001 0.00 0.00% |
MagIndustries Corp financial indicator trend analysis is infinitely more than just investigating MagIndustries Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MagIndustries Corp is a good investment. Please check the relationship between MagIndustries Corp Total Current Assets and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagIndustries Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.
Total Current Assets vs Net Receivables
Total Current Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MagIndustries Corp Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MagIndustries Corp's Total Current Assets and Net Receivables is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of MagIndustries Corp, assuming nothing else is changed. The correlation between historical values of MagIndustries Corp's Total Current 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 Total Current Assets of MagIndustries Corp 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 Total Current Assets i.e., MagIndustries Corp's Total Current Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Net Receivables
Most indicators from MagIndustries Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MagIndustries Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagIndustries Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.The MagIndustries Corp's current Selling General Administrative is estimated to increase to about 10.8 M, while Discontinued Operations is projected to decrease to roughly 376.9 K.
MagIndustries Corp fundamental ratios Correlations
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MagIndustries Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether MagIndustries Corp is a strong investment it is important to analyze MagIndustries Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MagIndustries Corp's future performance. For an informed investment choice regarding MagIndustries Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagIndustries Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Paper & Forest Products 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 MagIndustries Corp. If investors know MagIndustries 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 MagIndustries Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.003 | Return On Assets (0.06) | Return On Equity (0.35) |
The market value of MagIndustries Corp is measured differently than its book value, which is the value of MagIndustries that is recorded on the company's balance sheet. Investors also form their own opinion of MagIndustries Corp's value that differs from its market value or its book value, called intrinsic value, which is MagIndustries Corp'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 MagIndustries Corp's market value can be influenced by many factors that don't directly affect MagIndustries Corp'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 MagIndustries Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagIndustries Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagIndustries Corp'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.