MCFT Stock | | | USD 21.16 0.19 0.91% |
MCBC Holdings financial indicator trend analysis is infinitely more than just investigating MCBC Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MCBC Holdings is a good investment. Please check the relationship between MCBC Holdings Income Before Tax and its Reconciled Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MCBC Holdings. 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 information on how to buy MCBC Stock please use our
How to Invest in MCBC Holdings guide.
Income Before Tax vs Reconciled Depreciation
Income Before Tax vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MCBC Holdings Income Before Tax account and
Reconciled Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MCBC Holdings' Income Before Tax and Reconciled Depreciation is -0.1. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of MCBC Holdings, assuming nothing else is changed. The correlation between historical values of MCBC Holdings' Income Before Tax and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of MCBC Holdings are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Income Before Tax i.e., MCBC Holdings' Income Before Tax and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on MCBC Holdings income statement and is an important metric when analyzing MCBC Holdings profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Reconciled Depreciation
Most indicators from MCBC Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MCBC Holdings 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 MCBC Holdings. 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 information on how to buy MCBC Stock please use our
How to Invest in MCBC Holdings guide.
Selling General Administrative is likely to drop to about 28.5
M in 2024.
Tax Provision is likely to drop to about 1.3
M in 2024
MCBC Holdings fundamental ratios Correlations
Click cells to compare fundamentals
MCBC Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MCBC Holdings 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 MCBC Stock Analysis
When running MCBC Holdings' price analysis, check to
measure MCBC Holdings' 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 MCBC Holdings is operating at the current time. Most of MCBC Holdings' value examination focuses on studying past and present price action to
predict the probability of MCBC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MCBC Holdings' price. Additionally, you may evaluate how the addition of MCBC Holdings to your portfolios can decrease your overall portfolio volatility.