Morguard Dividend Yield vs Ev To Sales Analysis

MRG-UN Stock  CAD 18.23  0.15  0.82%   
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 Dividend Yield and its Ev To Sales 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.

Dividend Yield vs Ev To Sales

Dividend Yield vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard North American Dividend Yield account and Ev To Sales. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Morguard North's Dividend Yield and Ev To Sales is 0.19. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Ev To Sales 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 Dividend Yield and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Morguard North American are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Dividend Yield i.e., Morguard North's Dividend Yield and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Dividend Yield

Dividend Yield is Morguard North American dividend as a percentage of Morguard North stock price. Morguard North American dividend yield is a measure of Morguard North stock productivity, which can be interpreted as interest rate earned on an Morguard North investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
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 Revenue245.6M278.5M331.6M228.7M
Interest Expense46.4M49.9M60.7M46.6M

Morguard North fundamental ratios Correlations

0.950.380.660.970.950.611.0-0.670.610.880.950.970.24-0.90.970.540.521.0-0.550.820.980.350.940.690.87
0.950.340.660.841.00.650.95-0.570.650.770.870.990.1-0.770.990.410.530.94-0.40.680.940.20.880.540.67
0.380.340.310.390.350.130.39-0.420.130.360.410.33-0.39-0.610.35-0.080.270.44-0.70.680.4-0.050.290.780.48
0.660.660.310.610.670.250.65-0.420.250.70.750.580.23-0.60.660.460.980.64-0.550.530.690.360.520.520.53
0.970.840.390.610.840.540.96-0.70.540.920.940.880.29-0.930.880.590.480.97-0.640.880.930.440.920.760.96
0.951.00.350.670.840.640.95-0.570.640.770.870.990.1-0.770.990.410.530.94-0.40.680.940.20.880.540.67
0.610.650.130.250.540.640.61-0.421.00.460.530.660.03-0.490.640.240.140.59-0.060.430.58-0.140.670.220.41
1.00.950.390.650.960.950.61-0.660.610.870.940.970.2-0.890.970.510.511.0-0.540.820.980.320.940.680.86
-0.67-0.57-0.42-0.42-0.7-0.57-0.42-0.66-0.42-0.68-0.69-0.6-0.220.76-0.61-0.5-0.33-0.670.57-0.73-0.64-0.36-0.73-0.67-0.68
0.610.650.130.250.540.641.00.61-0.420.460.530.660.03-0.490.640.240.140.59-0.060.430.58-0.140.670.220.41
0.880.770.360.70.920.770.460.87-0.680.460.940.780.38-0.840.810.710.610.87-0.730.810.850.610.780.750.88
0.950.870.410.750.940.870.530.94-0.690.530.940.880.29-0.870.90.620.640.93-0.680.810.940.480.870.730.86
0.970.990.330.580.880.990.660.97-0.60.660.780.880.16-0.810.990.450.440.96-0.40.720.950.230.910.570.72
0.240.1-0.390.230.290.10.030.2-0.220.030.380.290.16-0.20.180.860.230.17-0.090.140.140.580.190.10.24
-0.9-0.77-0.61-0.6-0.93-0.77-0.49-0.890.76-0.49-0.84-0.87-0.81-0.2-0.82-0.55-0.48-0.910.75-0.98-0.88-0.4-0.87-0.9-0.92
0.970.990.350.660.880.990.640.97-0.610.640.810.90.990.18-0.820.480.530.97-0.440.730.960.260.910.590.73
0.540.41-0.080.460.590.410.240.51-0.50.240.710.620.450.86-0.550.480.410.49-0.490.510.480.810.50.490.53
0.520.530.270.980.480.530.140.51-0.330.140.610.640.440.23-0.480.530.410.5-0.510.420.560.350.380.440.42
1.00.940.440.640.970.940.591.0-0.670.590.870.930.960.17-0.910.970.490.5-0.570.850.980.330.930.720.88
-0.55-0.4-0.7-0.55-0.64-0.4-0.06-0.540.57-0.06-0.73-0.68-0.4-0.090.75-0.44-0.49-0.51-0.57-0.82-0.57-0.65-0.45-0.93-0.73
0.820.680.680.530.880.680.430.82-0.730.430.810.810.720.14-0.980.730.510.420.85-0.820.810.430.810.950.91
0.980.940.40.690.930.940.580.98-0.640.580.850.940.950.14-0.880.960.480.560.98-0.570.810.350.930.680.84
0.350.2-0.050.360.440.2-0.140.32-0.36-0.140.610.480.230.58-0.40.260.810.350.33-0.650.430.350.290.50.47
0.940.880.290.520.920.880.670.94-0.730.670.780.870.910.19-0.870.910.50.380.93-0.450.810.930.290.620.82
0.690.540.780.520.760.540.220.68-0.670.220.750.730.570.1-0.90.590.490.440.72-0.930.950.680.50.620.83
0.870.670.480.530.960.670.410.86-0.680.410.880.860.720.24-0.920.730.530.420.88-0.730.910.840.470.820.83
Click cells to compare fundamentals

Morguard North Account Relationship Matchups

Morguard North fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.1B3.5B3.9B4.1B2.8B
Short Long Term Debt Total1.3B1.3B1.4B1.5B1.6B1.3B
Other Current Liab11.3M11.1M11.7M8.7M176.8M185.6M
Total Current Liabilities78.1M155.9M144.7M273.7M222.4M171.8M
Total Stockholder Equity1.1B1.3B1.5B1.8B1.9B1.0B
Net Debt1.3B1.3B1.4B1.5B1.5B1.3B
Cash17.7M27.3M26.6M14.6M17.8M17.4M
Non Current Assets Total3.0B3.0B3.4B3.7B4.1B2.7B
Non Currrent Assets Other(3.0B)(3.0B)(3.4B)(3.7B)(4.1B)(3.9B)
Cash And Short Term Investments17.7M27.3M26.6M14.6M17.8M17.4M
Net Receivables3.3M5.6M7.2M11.4M9.6M5.3M
Common Stock Shares Outstanding39.0M39.0M39.1M60.5M58.5M38.1M
Liabilities And Stockholders Equity3.0B3.1B3.5B3.9B4.1B2.8B
Non Current Liabilities Total1.7B1.6B1.8B1.8B1.9B1.5B
Other Current Assets20.0M21.3M70M80.7M2.6M2.5M
Other Stockholder Equity(486.1M)(634.1M)(848.8M)(1.0B)(1.2B)(1.1B)
Total Liab1.8B1.7B1.9B2.1B2.1B1.7B
Total Current Assets54.2M50.1M120.8M202.1M43.2M70.2M
Accumulated Other Comprehensive Income84.1M69.3M68.4M144.5M118.0M78.7M
Short Term Debt29.7M113.8M97.0M219.9M167.6M130.5M
Property Plant And Equipment Net2.9B2.9B3.3B3.6B4.0B2.8B
Current Deferred Revenue11.3M11.1M11.7M(167.6M)(150.9M)(143.3M)
Retained Earnings534.9M682.8M897.6M1.1B1.2B1.3B
Accounts Payable37.2M30.9M36.1M45.0M45.6M33.0M
Inventory13.2M(4.1M)17.0M95.4M13.1M17.8M
Common Stock468.6M469.2M470.0M470.8M448.2M414.5M
Other Liab115.2M110.1M175.7M262.8M302.2M317.3M
Net Tangible Assets1.1B1.3B1.5B1.8B2.0B1.2B
Long Term Debt1.3B1.2B1.3B1.2B1.4B1.4B
Short Long Term Debt29.7M113.8M97.0M219.9M167.6M138.5M
Property Plant Equipment2.9B2.9B3.3B3.6B4.2B3.1B
Non Current Liabilities Other318.5M274.7M305.0M279.0M254.4M306.5M
Capital Lease Obligations9.3M9.1M9.1M16.2M16.1M12.3M
Net Invested Capital2.5B2.6B2.9B3.2B3.4B3.0B
Long Term Investments106.5M93.0M96.4M105.5M53.3M83.7M
Net Working Capital(23.9M)(105.8M)(23.9M)(71.6M)(179.2M)(188.2M)
Capital Stock468.6M469.2M470.0M470.8M448.2M494.1M

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.
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.
Pair CorrelationCorrelation Matching

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.