Melcor Inventory Turnover from 2010 to 2024

MRD Stock  CAD 12.88  0.22  1.74%   
Melcor Developments Inventory Turnover yearly trend continues to be very stable with very little volatility. Inventory Turnover is likely to grow to 0.24 this year. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
0.23748149
Current Value
0.24
Quarterly Volatility
0.06580541
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Melcor Developments financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Melcor Developments' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.2 M, Interest Expense of 41.5 M or Selling General Administrative of 15.2 M, as well as many indicators such as Price To Sales Ratio of 1.3, Dividend Yield of 0.0596 or PTB Ratio of 0.27. Melcor financial statements analysis is a perfect complement when working with Melcor Developments Valuation or Volatility modules.
  
This module can also supplement various Melcor Developments Technical models . Check out the analysis of Melcor Developments Correlation against competitors.

Pair Trading with Melcor Developments

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

Moving against Melcor Stock

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

Melcor Developments financial ratios help investors to determine whether Melcor 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 Melcor with respect to the benefits of owning Melcor Developments security.