MTZ Stock | | | USD 142.06 1.24 0.88% |
MasTec financial indicator trend analysis is infinitely more than just investigating MasTec Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MasTec Inc is a good investment. Please check the relationship between MasTec Long Term Investments and its Long Term Debt Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Long Term Investments vs Long Term Debt Total
Long Term Investments vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MasTec Inc Long Term Investments account and
Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.
The correlation between MasTec's Long Term Investments and Long Term Debt Total is -0.82. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of MasTec Inc, assuming nothing else is changed. The correlation between historical values of MasTec's Long Term Investments and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of MasTec Inc are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Long Term Investments i.e., MasTec's Long Term Investments and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of MasTec balance sheet that represents investments MasTec Inc intends to hold for over a year. MasTec Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.
Long Term Debt Total
Most indicators from MasTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MasTec Inc 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 MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, MasTec's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas
Discontinued Operations is likely to drop (7.8
M) in 2024.
MasTec fundamental ratios Correlations
Click cells to compare fundamentals
MasTec Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MasTec fundamental ratios Accounts
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