Methanex Financial Statements From 2010 to 2025
| MX Stock | CAD 54.03 0.18 0.33% |
Check Methanex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Methanex's main balance sheet or income statement drivers, such as , as well as many indicators such as . Methanex financial statements analysis is a perfect complement when working with Methanex Valuation or Volatility modules.
Methanex |
Methanex Company Return On Asset Analysis
Methanex's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Methanex Return On Asset | 0.0411 |
Most of Methanex's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Methanex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Methanex has a Return On Asset of 0.0411. This is 94.45% lower than that of the Chemicals sector and 98.09% lower than that of the Materials industry. The return on asset for all Canada stocks is 129.36% lower than that of the firm.
Methanex Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Methanex's current stock value. Our valuation model uses many indicators to compare Methanex value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Methanex competition to find correlations between indicators driving Methanex's intrinsic value. More Info.Methanex is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.37 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Methanex is roughly 2.67 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Methanex by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Methanex's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Methanex Financial Statements
Methanex investors utilize fundamental indicators, such as revenue or net income, to predict how Methanex Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada. METHANEX CORP operates under Chemicals classification in Canada and is traded on Toronto Stock Exchange. It employs 1300 people.
Pair Trading with Methanex
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 Methanex 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 Methanex will appreciate offsetting losses from the drop in the long position's value.Moving against Methanex Stock
| 0.78 | FDY | Faraday Copper Corp | PairCorr |
| 0.76 | WILD | WildBrain | PairCorr |
| 0.75 | EPL | Eagle Plains Resources | PairCorr |
| 0.41 | AG | First Majestic Silver | PairCorr |
| 0.41 | SGR-U | Slate Grocery REIT | PairCorr |
The ability to find closely correlated positions to Methanex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methanex 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 Methanex - 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 Methanex to buy it.
The correlation of Methanex 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 Methanex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methanex 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 Methanex 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.Check out the analysis of Methanex Correlation against competitors. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.