| MAU Stock | | | 1.30 0.02 1.52% |
Magnetic Resources financial indicator trend analysis is infinitely more than just investigating Magnetic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnetic Resources is a good investment. Please check the relationship between Magnetic Resources Long Term Investments and its Total Current Liabilities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnetic Resources NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Long Term Investments vs Total Current Liabilities
Long Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnetic Resources Long Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Magnetic Resources' Long Term Investments and Total Current Liabilities is 0.25. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Magnetic Resources NL, assuming nothing else is changed. The correlation between historical values of Magnetic Resources' Long Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Magnetic Resources NL are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Investments i.e., Magnetic Resources' Long Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Magnetic Resources balance sheet that represents investments Magnetic Resources intends to hold for over a year. Magnetic Resources NL long term investments may include different instruments such as stocks, bonds, real estate and cash.
Total Current Liabilities
Total Current Liabilities is an item on Magnetic Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magnetic Resources NL are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Magnetic Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnetic Resources 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 Magnetic Resources NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Issuance Of Capital Stock is likely to gain to about 20.3
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 622.7
K in 2025.
Magnetic Resources fundamental ratios Correlations
Click cells to compare fundamentals
Magnetic Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnetic Resources fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Magnetic Stock Analysis
When running Magnetic Resources' price analysis, check to
measure Magnetic Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnetic Resources is operating at the current time. Most of Magnetic Resources' value examination focuses on studying past and present price action to
predict the probability of Magnetic Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnetic Resources' price. Additionally, you may evaluate how the addition of Magnetic Resources to your portfolios can decrease your overall portfolio volatility.