| MX Stock | | | USD 3.78 0.14 3.85% |
MagnaChip Semiconductor financial indicator trend analysis is infinitely more than just investigating MagnaChip Semiconductor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MagnaChip Semiconductor is a good investment. Please check the relationship between MagnaChip Semiconductor Net Debt and its Intangible Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.
Net Debt vs Intangible Assets
Net Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MagnaChip Semiconductor Net Debt account and
Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between MagnaChip Semiconductor's Net Debt and Intangible Assets is 0.76. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of MagnaChip Semiconductor, assuming nothing else is changed. The correlation between historical values of MagnaChip Semiconductor's Net Debt and Intangible 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 Net Debt of MagnaChip Semiconductor are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Debt i.e., MagnaChip Semiconductor's Net Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from MagnaChip Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MagnaChip Semiconductor 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 MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.At this time, MagnaChip Semiconductor's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.1 in 2024, whereas
Tax Provision is likely to drop (2.2
M) in 2024.
MagnaChip Semiconductor fundamental ratios Correlations
Click cells to compare fundamentals
MagnaChip Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MagnaChip Semiconductor fundamental ratios Accounts
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