| 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 Total Current Liabilities and its Net Working Capital 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.
Total Current Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Minco Capital Corp Total Current Liabilities account and
Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Minco Capital's Total Current Liabilities and Net Working Capital is 0.64. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital 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 Total Current Liabilities and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Minco Capital Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Minco Capital's Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Minco Capital balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Minco Capital Corp 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.
Net Working Capital
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
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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.