Morguard Common Stock Shares Outstanding vs Non Currrent Assets Other Analysis
| MRG-UN Stock | CAD 18.42 0.19 1.04% |
Morguard North financial indicator trend analysis is infinitely more than just investigating Morguard North American recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morguard North American is a good investment. Please check the relationship between Morguard North Common Stock Shares Outstanding and its Non Currrent Assets Other accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morguard North American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Common Stock Shares Outstanding vs Non Currrent Assets Other
Common Stock Shares Outstanding vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard North American Common Stock Shares Outstanding account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Morguard North's Common Stock Shares Outstanding and Non Currrent Assets Other is -0.69. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Morguard North American, assuming nothing else is changed. The correlation between historical values of Morguard North's Common Stock Shares Outstanding and Non Currrent Assets Other 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 Shares Outstanding of Morguard North American are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Common Stock Shares Outstanding i.e., Morguard North's Common Stock Shares Outstanding and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Morguard North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morguard North American 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 Morguard North American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Morguard North's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 11.60, whereas Selling General Administrative is forecasted to decline to about 12.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 245.6M | 278.5M | 331.6M | 228.7M | Interest Expense | 46.4M | 49.9M | 60.7M | 46.6M |
Morguard North fundamental ratios Correlations
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Morguard North Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Morguard North fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.0B | 3.1B | 3.5B | 3.9B | 4.1B | 2.8B | |
| Short Long Term Debt Total | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.3B | |
| Other Current Liab | 11.3M | 11.1M | 11.7M | 8.7M | 176.8M | 185.6M | |
| Total Current Liabilities | 78.1M | 155.9M | 144.7M | 273.7M | 222.4M | 171.8M | |
| Total Stockholder Equity | 1.1B | 1.3B | 1.5B | 1.8B | 1.9B | 1.0B | |
| Net Debt | 1.3B | 1.3B | 1.4B | 1.5B | 1.5B | 1.3B | |
| Cash | 17.7M | 27.3M | 26.6M | 14.6M | 17.8M | 17.4M | |
| Non Current Assets Total | 3.0B | 3.0B | 3.4B | 3.7B | 4.1B | 2.7B | |
| Non Currrent Assets Other | (3.0B) | (3.0B) | (3.4B) | (3.7B) | (4.1B) | (3.9B) | |
| Cash And Short Term Investments | 17.7M | 27.3M | 26.6M | 14.6M | 17.8M | 17.4M | |
| Net Receivables | 3.3M | 5.6M | 7.2M | 11.4M | 9.6M | 5.3M | |
| Common Stock Shares Outstanding | 39.0M | 39.0M | 39.1M | 60.5M | 58.5M | 38.1M | |
| Liabilities And Stockholders Equity | 3.0B | 3.1B | 3.5B | 3.9B | 4.1B | 2.8B | |
| Non Current Liabilities Total | 1.7B | 1.6B | 1.8B | 1.8B | 1.9B | 1.5B | |
| Other Current Assets | 20.0M | 21.3M | 70M | 80.7M | 2.6M | 2.5M | |
| Other Stockholder Equity | (486.1M) | (634.1M) | (848.8M) | (1.0B) | (1.2B) | (1.1B) | |
| Total Liab | 1.8B | 1.7B | 1.9B | 2.1B | 2.1B | 1.7B | |
| Total Current Assets | 54.2M | 50.1M | 120.8M | 202.1M | 43.2M | 70.2M | |
| Accumulated Other Comprehensive Income | 84.1M | 69.3M | 68.4M | 144.5M | 118.0M | 78.7M | |
| Short Term Debt | 29.7M | 113.8M | 97.0M | 219.9M | 167.6M | 130.5M | |
| Property Plant And Equipment Net | 2.9B | 2.9B | 3.3B | 3.6B | 4.0B | 2.8B | |
| Current Deferred Revenue | 11.3M | 11.1M | 11.7M | (167.6M) | (150.9M) | (143.3M) | |
| Retained Earnings | 534.9M | 682.8M | 897.6M | 1.1B | 1.2B | 1.3B | |
| Accounts Payable | 37.2M | 30.9M | 36.1M | 45.0M | 45.6M | 33.0M | |
| Inventory | 13.2M | (4.1M) | 17.0M | 95.4M | 13.1M | 17.8M | |
| Common Stock | 468.6M | 469.2M | 470.0M | 470.8M | 448.2M | 414.5M | |
| Other Liab | 115.2M | 110.1M | 175.7M | 262.8M | 302.2M | 317.3M | |
| Net Tangible Assets | 1.1B | 1.3B | 1.5B | 1.8B | 2.0B | 1.2B | |
| Long Term Debt | 1.3B | 1.2B | 1.3B | 1.2B | 1.4B | 1.4B | |
| Short Long Term Debt | 29.7M | 113.8M | 97.0M | 219.9M | 167.6M | 138.5M | |
| Property Plant Equipment | 2.9B | 2.9B | 3.3B | 3.6B | 4.2B | 3.1B | |
| Non Current Liabilities Other | 318.5M | 274.7M | 305.0M | 279.0M | 254.4M | 306.5M | |
| Capital Lease Obligations | 9.3M | 9.1M | 9.1M | 16.2M | 16.1M | 12.3M | |
| Net Invested Capital | 2.5B | 2.6B | 2.9B | 3.2B | 3.4B | 3.0B | |
| Long Term Investments | 106.5M | 93.0M | 96.4M | 105.5M | 53.3M | 83.7M | |
| Net Working Capital | (23.9M) | (105.8M) | (23.9M) | (71.6M) | (179.2M) | (188.2M) | |
| Capital Stock | 468.6M | 469.2M | 470.0M | 470.8M | 448.2M | 494.1M |
Pair Trading with Morguard North
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 Morguard North 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 Morguard North will appreciate offsetting losses from the drop in the long position's value.Moving against Morguard Stock
The ability to find closely correlated positions to Morguard North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard North 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 Morguard North - 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 Morguard North American to buy it.
The correlation of Morguard North 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 Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 Morguard North 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.Other Information on Investing in Morguard Stock
Balance Sheet is a snapshot of the financial position of Morguard North American at a specified time, usually calculated after every quarter, six months, or one year. Morguard North Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Morguard North 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 Morguard currently owns. An asset can also be divided into two categories, current and non-current.