First Gross Profit Margin vs Total Assets Analysis
AG Stock | 9.46 0.38 4.19% |
First Majestic financial indicator trend analysis is much more than just examining First Majestic Silver latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Majestic Silver is a good investment. Please check the relationship between First Majestic Gross Profit Margin and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. 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.
Gross Profit Margin vs Total Assets
Gross Profit Margin vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Majestic Silver Gross Profit Margin account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between First Majestic's Gross Profit Margin and Total Assets is -0.07. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Assets in the same time period over historical financial statements of First Majestic Silver, assuming nothing else is changed. The correlation between historical values of First Majestic's Gross Profit Margin and Total 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 Gross Profit Margin of First Majestic Silver are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Gross Profit Margin i.e., First Majestic's Gross Profit Margin and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit Margin
Total Assets
Total assets refers to the total amount of First Majestic assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in First Majestic Silver books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from First Majestic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Majestic Silver 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. 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, First Majestic's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 1.9 B, while Selling General Administrative is likely to drop about 31 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 587.2M | 626.9M | 576.4M | 605.2M | Depreciation And Amortization | 116.4M | 137.4M | 126.2M | 132.5M |
First Majestic fundamental ratios Correlations
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First Majestic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Majestic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.2B | 2.1B | 2.1B | 2.0B | 2.1B | |
Total Current Liabilities | 71.9M | 101.6M | 172.8M | 167.4M | 120.1M | 126.1M | |
Total Stockholder Equity | 662.3M | 850.2M | 1.4B | 1.4B | 1.4B | 1.4B | |
Property Plant And Equipment Net | 712.1M | 782.3M | 1.5B | 1.5B | 1.4B | 1.5B | |
Net Debt | 8.7M | (65.3M) | (16.8M) | 96.5M | 130.9M | 137.5M | |
Retained Earnings | (361.6M) | (338.9M) | (347.8M) | (468.9M) | (609.9M) | (579.4M) | |
Accounts Payable | 36.3M | 49.9M | 72.4M | 71.1M | 48.2M | 25.0M | |
Cash | 169.0M | 238.6M | 237.9M | 151.4M | 125.6M | 79.9M | |
Non Current Assets Total | 784.9M | 881.5M | 1.7B | 1.7B | 1.7B | 1.8B | |
Non Currrent Assets Other | 21.7M | 29.5M | 126.5M | 143.6M | 234.9M | 246.6M | |
Cash And Short Term Investments | 175.5M | 274.9M | 264.4M | 186.0M | 188.0M | 197.4M | |
Net Receivables | 4.3M | 45.9M | 54.3M | 41.2M | 48.7M | 51.1M | |
Common Stock Shares Outstanding | 201.6M | 215.9M | 244.7M | 263.1M | 282.3M | 296.4M | |
Liabilities And Stockholders Equity | 1.0B | 1.2B | 2.1B | 2.1B | 2.0B | 2.1B | |
Non Current Liabilities Total | 293.8M | 285.7M | 541.2M | 531.3M | 498.1M | 523.0M | |
Other Current Assets | 3.0M | 2.7M | 17.9M | 78.3M | 8.7M | 7.4M | |
Total Liab | 365.6M | 387.3M | 714.0M | 698.7M | 618.2M | 649.1M | |
Total Current Assets | 243.0M | 356.0M | 397.2M | 370.3M | 309.1M | 324.5M | |
Accumulated Other Comprehensive Income | 90.7M | 102.0M | 98.9M | 98.9M | 88.0M | 92.4M | |
Inventory | 30.5M | 32.5M | 60.6M | 64.8M | 63.7M | 66.9M | |
Short Long Term Debt Total | 177.8M | 173.3M | 221.1M | 247.9M | 256.5M | 269.3M | |
Other Current Liab | 22.8M | 36.0M | 48.3M | 60.3M | 43.2M | 45.4M | |
Current Deferred Revenue | 4.5M | 2.7M | 12.2M | 3.4M | 2.3M | 2.6M | |
Short Term Debt | 8.1M | 6.5M | 11.9M | 14.4M | 18.2M | 16.0M | |
Short Term Investments | 6.5M | 36.3M | 26.5M | 34.5M | 62.4M | 65.5M | |
Common Stock | 933.2M | 1.1B | 1.7B | 1.8B | 1.9B | 1.0B |
Pair Trading with First Majestic
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 First Majestic 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 First Majestic will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
The ability to find closely correlated positions to First Majestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Majestic 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 First Majestic - 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 First Majestic Silver to buy it.
The correlation of First Majestic 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 First Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver 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 First Majestic 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. 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. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.