MIND Free Cash Flow Yield vs Days Of Inventory On Hand Analysis
MNDO Stock | USD 1.96 0.02 1.01% |
MIND CTI financial indicator trend analysis is infinitely more than just investigating MIND CTI recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIND CTI is a good investment. Please check the relationship between MIND CTI Free Cash Flow Yield and its Days Of Inventory On Hand accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. 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. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.
Free Cash Flow Yield vs Days Of Inventory On Hand
Free Cash Flow Yield vs Days Of Inventory On Hand Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MIND CTI Free Cash Flow Yield account and Days Of Inventory On Hand. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between MIND CTI's Free Cash Flow Yield and Days Of Inventory On Hand is -0.66. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of MIND CTI, assuming nothing else is changed. The correlation between historical values of MIND CTI's Free Cash Flow Yield and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of MIND CTI are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Free Cash Flow Yield i.e., MIND CTI's Free Cash Flow Yield and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Days Of Inventory On Hand
Most indicators from MIND CTI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MIND CTI 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 MIND CTI. 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. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.At this time, MIND CTI's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 538 K, while Sales General And Administrative To Revenue is likely to drop 0.06.
2021 | 2022 | 2024 (projected) | Interest Expense | 49K | 60K | 16.2K | Depreciation And Amortization | 194K | 193K | 381.5K |
MIND CTI fundamental ratios Correlations
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MIND CTI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MIND CTI fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 31.1M | 32.4M | 33.1M | 31.7M | 31.6M | 28.2M | |
Total Current Liabilities | 6.3M | 5.6M | 5.6M | 5.2M | 4.5M | 4.9M | |
Total Stockholder Equity | 21.9M | 23.1M | 23.7M | 23.8M | 24.5M | 23.1M | |
Property Plant And Equipment Net | 1.5M | 1.9M | 1.6M | 1.2M | 906K | 926.0K | |
Net Debt | (5.2M) | (6.4M) | (2.7M) | (4.4M) | (2.3M) | (2.4M) | |
Retained Earnings | (3.1M) | (2.5M) | (1.7M) | (1.7M) | (1.3M) | (1.4M) | |
Accounts Payable | 2.1M | 1.3M | 839K | 937K | 989K | 664.5K | |
Cash | 6.5M | 8.3M | 4.2M | 5.3M | 3.0M | 2.8M | |
Non Current Assets Total | 12.0M | 12.7M | 12.6M | 11.4M | 11.9M | 10.7M | |
Non Currrent Assets Other | 1.7M | 1.8M | 2.3M | 1.9M | 2.1M | 1.9M | |
Cash And Short Term Investments | 15.2M | 17.0M | 18.5M | 17.5M | 16.6M | 14.8M | |
Net Receivables | 3.7M | 2.4M | 1.9M | 2.5M | 2.3M | 2.4M | |
Common Stock Shares Outstanding | 20.0M | 20.1M | 20.3M | 20.4M | 20.5M | 21.7M | |
Short Term Investments | 8.7M | 8.8M | 14.3M | 12.2M | 13.6M | 9.2M | |
Liabilities And Stockholders Equity | 31.1M | 32.4M | 33.1M | 31.7M | 31.6M | 28.2M | |
Non Current Liabilities Total | 2.9M | 3.7M | 3.8M | 2.8M | 2.7M | 2.0M | |
Other Stockholder Equity | 25.8M | 26.1M | 26.2M | 26.5M | 26.8M | 30.6M | |
Total Liab | 5.0M | 9.2M | 9.3M | 9.4M | 7.1M | 6.9M | |
Total Current Assets | 19.1M | 19.7M | 20.5M | 20.3M | 19.7M | 17.5M | |
Accumulated Other Comprehensive Income | (884K) | (522K) | (836K) | (1.1M) | (1.0M) | (1.1M) | |
Other Current Liab | 2.0M | 1.9M | 2.3M | 2.0M | 1.7M | 1.4M | |
Other Assets | 1.8M | 2.0M | 2.5M | 2.1M | 1.9M | 1.8M | |
Property Plant And Equipment Gross | 1.5M | 1.9M | 1.6M | 1.2M | 3.1M | 3.3M | |
Property Plant Equipment | 1.5M | 1.9M | 1.6M | 1.2M | 1.1M | 940.7K | |
Current Deferred Revenue | 1.9M | 2.1M | 2.2M | 2.0M | 1.5M | 2.6M | |
Other Current Assets | 224K | 273K | 124K | 462K | 815K | 1.3M | |
Good Will | 7.9M | 8.1M | 7.9M | 7.8M | 7.9M | 7.2M | |
Net Tangible Assets | 13.3M | 14.3M | 15.3M | 15.6M | 14.1M | 12.4M | |
Net Invested Capital | 21.9M | 23.1M | 23.7M | 23.8M | 24.5M | 25.0M | |
Net Working Capital | 12.8M | 14.0M | 14.9M | 15.1M | 15.2M | 16.1M |
Pair Trading with MIND CTI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MIND CTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MIND CTI will appreciate offsetting losses from the drop in the long position's value.Moving together with MIND Stock
Moving against MIND Stock
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0.32 | VCSA | Vacasa Inc | PairCorr |
The ability to find closely correlated positions to MIND CTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MIND CTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MIND CTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MIND CTI to buy it.
The correlation of MIND CTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MIND CTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MIND CTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MIND CTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. 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. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MIND CTI. If investors know MIND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MIND CTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 0.23 | Revenue Per Share 1.079 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0874 |
The market value of MIND CTI is measured differently than its book value, which is the value of MIND that is recorded on the company's balance sheet. Investors also form their own opinion of MIND CTI's value that differs from its market value or its book value, called intrinsic value, which is MIND CTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MIND CTI's market value can be influenced by many factors that don't directly affect MIND CTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MIND CTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if MIND CTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MIND CTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.