| MMM Stock | | | CAD 0.05 0.00 0.00% |
Minco Capital financial indicator trend analysis is infinitely more than just investigating Minco Capital Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minco Capital Corp is a good investment. Please check the relationship between Minco Capital Net Working Capital and its Capital Lease Obligations accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Minco Capital 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 board of governors.
Net Working Capital vs Capital Lease Obligations
Net Working Capital vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Minco Capital Corp Net Working Capital account and
Capital Lease Obligations. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Minco Capital's Net Working Capital and Capital Lease Obligations is -0.26. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Minco Capital Corp, assuming nothing else is changed. The correlation between historical values of Minco Capital's Net Working Capital and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Minco Capital Corp are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Net Working Capital i.e., Minco Capital's Net Working Capital and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.26 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Working Capital
Capital Lease Obligations
Minco Capital Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Minco Capital asset purchases. For example, Minco Capital can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Minco Capital control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Minco Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minco Capital 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 Minco Capital 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 board of governors.
Selling General Administrative is likely to drop to about 249.9
K in 2024
Minco Capital fundamental ratios Correlations
Click cells to compare fundamentals
Minco Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Minco Capital 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 Minco Stock Analysis
When running Minco Capital's price analysis, check to
measure Minco Capital's 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 Minco Capital is operating at the current time. Most of Minco Capital's value examination focuses on studying past and present price action to
predict the probability of Minco Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minco Capital's price. Additionally, you may evaluate how the addition of Minco Capital to your portfolios can decrease your overall portfolio volatility.