| 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 Retained Earnings and its Other Assets 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.
Retained Earnings vs Other Assets
Retained Earnings vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnetic Resources Retained Earnings account and
Other Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Magnetic Resources' Retained Earnings and Other Assets is -0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets 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' Retained Earnings and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Magnetic Resources NL are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., Magnetic Resources' Retained Earnings and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.84 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Other Assets
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
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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.