Martinrea Pb Ratio vs Price To Sales Ratio Analysis

MRE Stock  CAD 10.22  0.26  2.61%   
Martinrea International financial indicator trend analysis is infinitely more than just investigating Martinrea International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Martinrea International is a good investment. Please check the relationship between Martinrea International Pb Ratio and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Martinrea International. 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.

Pb Ratio vs Price To Sales Ratio

Pb Ratio vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Martinrea International Pb Ratio account and Price To Sales Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Martinrea International's Pb Ratio and Price To Sales Ratio is 0.99. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Martinrea International, assuming nothing else is changed. The correlation between historical values of Martinrea International's Pb Ratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Martinrea International are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Pb Ratio i.e., Martinrea International's Pb Ratio and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Pb Ratio

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Martinrea International stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Martinrea International sales, a figure that is much harder to manipulate than other Martinrea International multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Martinrea International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Martinrea International 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 Martinrea International. 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.
At this time, Martinrea International's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.81, while Tax Provision is likely to drop about 31.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense32.9M51.8M97.1M101.9M
Depreciation And Amortization248.2M285.6M320.4M336.5M

Martinrea International fundamental ratios Correlations

0.980.650.980.970.990.980.820.990.921.00.140.920.750.490.980.970.95-0.160.990.890.990.880.22-0.49-0.11
0.980.630.960.940.991.00.830.970.930.980.180.930.70.390.980.940.94-0.210.980.910.950.910.12-0.46-0.17
0.650.630.690.650.650.610.70.70.660.630.00.660.460.10.560.740.750.180.630.730.670.48-0.22-0.3-0.32
0.980.960.690.930.970.960.781.00.90.970.130.90.750.480.960.980.92-0.170.990.910.990.890.21-0.49-0.04
0.970.940.650.930.980.940.880.940.910.980.120.910.670.420.930.930.96-0.120.940.870.940.790.17-0.52-0.22
0.990.990.650.970.980.980.870.970.941.00.140.940.70.420.970.950.96-0.170.980.910.970.870.14-0.51-0.19
0.981.00.610.960.940.980.80.970.910.980.190.910.730.420.990.940.93-0.220.980.890.950.910.17-0.42-0.14
0.820.830.70.780.880.870.80.780.930.850.00.930.35-0.030.750.780.91-0.160.770.880.750.69-0.32-0.61-0.54
0.990.970.71.00.940.970.970.780.90.970.140.90.750.480.970.980.93-0.160.990.910.990.890.2-0.48-0.05
0.920.930.660.90.910.940.910.930.90.930.071.00.510.20.890.880.92-0.160.90.930.870.87-0.14-0.61-0.32
1.00.980.630.970.981.00.980.850.970.930.150.930.710.440.980.950.95-0.170.980.90.970.880.18-0.51-0.16
0.140.180.00.130.120.140.190.00.140.070.150.070.170.040.180.04-0.030.070.160.060.10.140.25-0.01-0.06
0.920.930.660.90.910.940.910.930.91.00.930.070.510.20.890.880.92-0.150.90.930.870.87-0.14-0.61-0.32
0.750.70.460.750.670.70.730.350.750.510.710.170.510.810.780.760.61-0.120.770.50.80.620.540.10.21
0.490.390.10.480.420.420.42-0.030.480.20.440.040.20.810.530.510.290.110.510.170.580.380.840.110.53
0.980.980.560.960.930.970.990.750.970.890.980.180.890.780.530.940.9-0.220.990.850.970.910.26-0.4-0.08
0.970.940.740.980.930.950.940.780.980.880.950.040.880.760.510.940.93-0.130.970.890.990.840.2-0.42-0.07
0.950.940.750.920.960.960.930.910.930.920.95-0.030.920.610.290.90.93-0.110.920.910.910.8-0.01-0.5-0.28
-0.16-0.210.18-0.17-0.12-0.17-0.22-0.16-0.16-0.16-0.170.07-0.15-0.120.11-0.22-0.13-0.11-0.2-0.12-0.14-0.210.030.050.25
0.990.980.630.990.940.980.980.770.990.90.980.160.90.770.510.990.970.92-0.20.890.990.910.24-0.45-0.06
0.890.910.730.910.870.910.890.880.910.930.90.060.930.50.170.850.890.91-0.120.890.870.86-0.13-0.66-0.23
0.990.950.670.990.940.970.950.750.990.870.970.10.870.80.580.970.990.91-0.140.990.870.870.28-0.44-0.03
0.880.910.480.890.790.870.910.690.890.870.880.140.870.620.380.910.840.8-0.210.910.860.870.09-0.50.04
0.220.12-0.220.210.170.140.17-0.320.2-0.140.180.25-0.140.540.840.260.2-0.010.030.24-0.130.280.090.160.6
-0.49-0.46-0.3-0.49-0.52-0.51-0.42-0.61-0.48-0.61-0.51-0.01-0.610.10.11-0.4-0.42-0.50.05-0.45-0.66-0.44-0.50.160.19
-0.11-0.17-0.32-0.04-0.22-0.19-0.14-0.54-0.05-0.32-0.16-0.06-0.320.210.53-0.08-0.07-0.280.25-0.06-0.23-0.030.040.60.19
Click cells to compare fundamentals

Martinrea International Account Relationship Matchups

Martinrea International fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.4B3.6B4.1B4.0B4.2B
Short Long Term Debt Total983.9M1.0B1.3B1.3B1.2B1.3B
Other Current Liab787K17.5M18.2M47.1M29.9M20.4M
Total Current Liabilities788.7M1.0B1.2B1.4B1.3B1.4B
Total Stockholder Equity1.2B1.2B1.2B1.4B1.5B1.5B
Property Plant And Equipment Net1.7B1.8B2.0B2.2B2.2B2.3B
Net Debt865.0M894.2M1.1B1.2B1.0B1.1B
Retained Earnings425.4M372.8M410.3M543.6M678.3M712.2M
Accounts Payable728M968.0M1.1B1.3B1.2B1.2B
Cash119.0M152.8M153.3M161.7M186.8M196.1M
Non Current Assets Total2.0B2.1B2.2B2.5B2.5B2.6B
Non Currrent Assets Other4.0M2.2M5K12.2M16.3M15.5M
Cash And Short Term Investments119.0M152.8M153.3M161.7M186.8M196.1M
Net Receivables577.3M600.4M648.0M794.3M706.9M370.3M
Common Stock Shares Outstanding82.6M80.1M80.4M80.4M79.7M67.8M
Liabilities And Stockholders Equity3.1B3.4B3.6B4.1B4.0B4.2B
Non Current Liabilities Total1.1B1.2B1.3B1.3B1.2B1.3B
Inventory383.7M492.7M590.8M665.3M568.3M596.7M
Other Current Assets26.3M26.0M28.6M38.4M33.9M35.6M
Other Stockholder Equity42.4M43.9M44.8M45.6M45.9M43.6M
Total Liab1.9B2.2B2.4B2.8B2.5B2.7B
Property Plant And Equipment Gross1.7B1.8B3.7B4.1B4.3B4.5B
Total Current Assets1.1B1.3B1.4B1.7B1.5B1.6B
Accumulated Other Comprehensive Income89.1M96.6M51.2M124.1M95.8M100.5M
Short Term Debt43.9M53.6M59.5M59.9M61.3M64.3M
Intangible Assets54.8M52.6M47.8M45.9M42.7M51.9M
Current Deferred Revenue39.5M13.2M16.1M25.0M22.5M22.3M
Short Term Investments418K647K4.7M2.1M1.9M1.9M
Common Stock Total Equity713.4M680.2M661.4M662.4M596.2M550.9M
Common Stock661.4M662.4M663.4M663.6M645.3M544.6M
Other Liab147.1M160.2M64.1M60.2M54.2M51.5M
Net Tangible Assets1.2B1.2B1.2B1.4B1.6B1.1B
Other Assets218.9M248.2M186.4M178.9M205.8M224.6M
Long Term Debt765.9M815.7M990.8M1.1B956.5M839.3M
Deferred Long Term Liab53.0M52.6M47.8M45.9M41.3M45.8M
Short Long Term Debt15.7M19.5M20.2M16.2M12.8M12.1M
Property Plant Equipment1.7B1.8B2.0B2.2B2.5B1.6B
Long Term Debt Total940.0M993.5M1.2B1.3B1.5B980.2M
Capital Surpluse42.4M43.9M44.8M45.6M52.4M47.6M
Cash And Equivalents119.0M152.8M153.3M161.7M185.9M123.7M

Pair Trading with Martinrea International

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 Martinrea International 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 Martinrea International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Martinrea Stock

  0.81MFC-PC Manulife Finl SrsPairCorr

Moving against Martinrea Stock

  0.62TD-PFI Toronto Dominion BankPairCorr
  0.61HFPC-U Helios Fairfax PartnersPairCorr
  0.5NVDA NVIDIA CDRPairCorr
  0.45PVF-UN Partners Value InvesPairCorr
The ability to find closely correlated positions to Martinrea International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Martinrea International 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 Martinrea International - 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 Martinrea International to buy it.
The correlation of Martinrea International 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 Martinrea International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Martinrea International 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 Martinrea International 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Martinrea Stock

Balance Sheet is a snapshot of the financial position of Martinrea International at a specified time, usually calculated after every quarter, six months, or one year. Martinrea International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Martinrea International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Martinrea currently owns. An asset can also be divided into two categories, current and non-current.