MDA Change In Working Capital from 2010 to 2024

MDA Stock  CAD 28.50  0.11  0.39%   
MDA Change In Working Capital yearly trend continues to be very stable with very little volatility. Change In Working Capital is likely to grow to about -90.8 M this year. Change In Working Capital is the difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities. View All Fundamentals
 
Change In Working Capital  
First Reported
2010-12-31
Previous Quarter
-95.6 M
Current Value
-90.8 M
Quarterly Volatility
47.1 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check MDA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MDA's main balance sheet or income statement drivers, such as Interest Expense of 8.2 M, Other Operating Expenses of 378.9 M or Net Income Applicable To Common Shares of 32 M, as well as many indicators such as Price To Sales Ratio of 3.04, Dividend Yield of 0.0 or PTB Ratio of 1.91. MDA financial statements analysis is a perfect complement when working with MDA Valuation or Volatility modules.
  
This module can also supplement various MDA Technical models . Check out the analysis of MDA Correlation against competitors.

Pair Trading with MDA

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

Moving against MDA Stock

The ability to find closely correlated positions to MDA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDA 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 MDA - 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 MDA to buy it.
The correlation of MDA 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 MDA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDA 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 MDA 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 MDA Stock

MDA financial ratios help investors to determine whether MDA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MDA with respect to the benefits of owning MDA security.