MDU Stock | | | USD 20.04 0.01 0.05% |
MDU Resources financial indicator trend analysis is infinitely more than just investigating MDU Resources Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDU Resources Group is a good investment. Please check the relationship between MDU Resources Property Plant And Equipment Gross and its Non Current Liabilities Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MDU Resources Group Property Plant And Equipment Gross account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MDU Resources' Property Plant And Equipment Gross and Non Current Liabilities Total is 0.87. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of MDU Resources Group, assuming nothing else is changed. The correlation between historical values of MDU Resources' Property Plant And Equipment Gross and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of MDU Resources Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Property Plant And Equipment Gross i.e., MDU Resources' Property Plant And Equipment Gross and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from MDU Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDU Resources Group 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 MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, MDU Resources'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 257.2
K in 2024, whereas
Tax Provision is likely to drop slightly above 93.7
M in 2024.
When running MDU Resources' price analysis, check to
measure MDU 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 MDU Resources is operating at the current time. Most of MDU Resources' value examination focuses on studying past and present price action to
predict the probability of MDU Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MDU Resources' price. Additionally, you may evaluate how the addition of MDU Resources to your portfolios can decrease your overall portfolio volatility.