MPX Stock | | | USD 9.84 0.28 2.93% |
Marine Products financial indicator trend analysis is infinitely more than just investigating Marine Products recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marine Products is a good investment. Please check the relationship between Marine Products Common Stock Total Equity and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Marine Stock please use our
How to Invest in Marine Products guide.
Common Stock Total Equity vs Total Assets
Common Stock Total Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Marine Products Common Stock Total Equity account and
Total Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Marine Products' Common Stock Total Equity and Total Assets is 0.37. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Marine Products, assuming nothing else is changed. The correlation between historical values of Marine Products' Common Stock Total Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Marine Products are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock Total Equity i.e., Marine Products' Common Stock Total Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Total Assets
Total assets refers to the total amount of Marine Products assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Marine Products books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Marine Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marine Products 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 Marine Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Marine Stock please use our
How to Invest in Marine Products guide.At this time, Marine Products'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 11.36 in 2024, whereas
Selling General Administrative is likely to drop slightly above 28
M in 2024.
Marine Products fundamental ratios Correlations
Click cells to compare fundamentals
Marine Products Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marine Products fundamental ratios Accounts
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Additional Tools for Marine Stock Analysis
When running Marine Products' price analysis, check to
measure Marine Products' 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 Marine Products is operating at the current time. Most of Marine Products' value examination focuses on studying past and present price action to
predict the probability of Marine Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Products' price. Additionally, you may evaluate how the addition of Marine Products to your portfolios can decrease your overall portfolio volatility.