First Operating Income vs Net Interest Income Analysis

AG Stock

9.08 0.12 1.30%

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 Operating Income and its Net Interest Income 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.

Operating Income vs Net Interest Income

Operating Income vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Majestic Silver Operating Income account and Net Interest Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between First Majestic's Operating Income and Net Interest Income is 0.13. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Interest Income 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 Operating Income and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of First Majestic Silver are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Operating Income i.e., First Majestic's Operating Income and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from First Majestic Silver operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Majestic Silver is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

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

Total Revenue Depreciation And Amortization

First Majestic fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Assets	Inventory	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Debt	Short Term Investments	Good Will
Total Assets		0.94	1.0	0.99	0.55	-0.82	0.8	0.57	1.0	0.87	0.77	0.82	0.94	0.99	0.57	0.58	0.99	0.9	0.58	0.99	0.93	0.92	0.59	-0.09	0.83	-0.54
Total Current Liabilities	0.94		0.93	0.95	0.46	-0.68	0.89	0.58	0.94	0.71	0.71	0.78	0.82	0.92	0.62	0.54	0.95	0.84	0.54	0.9	0.83	0.88	0.67	0.09	0.66	-0.32
Total Stockholder Equity	1.0	0.93		0.99	0.53	-0.81	0.79	0.58	0.99	0.87	0.78	0.84	0.94	0.98	0.56	0.6	0.98	0.9	0.6	0.98	0.91	0.91	0.56	-0.1	0.84	-0.56
Property Plant And Equipment Net	0.99	0.95	0.99		0.6	-0.78	0.79	0.5	1.0	0.86	0.7	0.78	0.91	0.98	0.57	0.59	0.99	0.85	0.59	0.98	0.91	0.89	0.59	0.01	0.79	-0.54
Net Debt	0.55	0.46	0.53	0.6		-0.62	0.28	-0.26	0.6	0.71	0.0	0.21	0.49	0.61	0.35	0.2	0.59	0.24	0.2	0.64	0.69	0.49	0.08	0.15	0.53	-0.62
Retained Earnings	-0.82	-0.68	-0.81	-0.78	-0.62		-0.65	-0.46	-0.8	-0.83	-0.68	-0.6	-0.89	-0.85	-0.41	-0.35	-0.83	-0.79	-0.35	-0.84	-0.92	-0.75	-0.42	0.3	-0.83	0.6
Accounts Payable	0.8	0.89	0.79	0.79	0.28	-0.65		0.72	0.78	0.47	0.71	0.62	0.74	0.8	0.63	0.43	0.83	0.82	0.43	0.75	0.73	0.75	0.73	-0.06	0.46	0.01
Cash	0.57	0.58	0.58	0.5	-0.26	-0.46	0.72		0.5	0.25	0.93	0.61	0.61	0.55	0.28	0.4	0.56	0.84	0.4	0.49	0.5	0.61	0.62	-0.43	0.39	0.08
Non Current Assets Total	1.0	0.94	0.99	1.0	0.6	-0.8	0.78	0.5		0.88	0.71	0.8	0.92	0.99	0.56	0.58	0.99	0.86	0.57	0.99	0.92	0.9	0.58	-0.03	0.82	-0.57
Non Currrent Assets Other	0.87	0.71	0.87	0.86	0.71	-0.83	0.47	0.25	0.88		0.56	0.76	0.81	0.86	0.41	0.38	0.84	0.7	0.37	0.91	0.86	0.81	0.3	-0.12	0.93	-0.82
Cash And Short Term Investments	0.77	0.71	0.78	0.7	0.0	-0.68	0.71	0.93	0.71	0.56		0.79	0.81	0.74	0.31	0.5	0.75	0.95	0.5	0.71	0.71	0.77	0.57	-0.41	0.69	-0.29
Net Receivables	0.82	0.78	0.84	0.78	0.21	-0.6	0.62	0.61	0.8	0.76	0.79		0.74	0.74	0.38	0.49	0.76	0.82	0.49	0.78	0.67	0.81	0.39	-0.13	0.83	-0.51
Common Stock Shares Outstanding	0.94	0.82	0.94	0.91	0.49	-0.89	0.74	0.61	0.92	0.81	0.81	0.74		0.93	0.44	0.7	0.92	0.91	0.7	0.93	0.9	0.82	0.5	-0.2	0.84	-0.57
Non Current Liabilities Total	0.99	0.92	0.98	0.98	0.61	-0.85	0.8	0.55	0.99	0.86	0.74	0.74	0.93		0.56	0.53	1.0	0.89	0.53	0.99	0.96	0.91	0.62	-0.14	0.8	-0.53
Other Current Assets	0.57	0.62	0.56	0.57	0.35	-0.41	0.63	0.28	0.56	0.41	0.31	0.38	0.44	0.56		0.12	0.58	0.52	0.12	0.57	0.49	0.68	0.23	-0.12	0.31	0.03
Other Stockholder Equity	0.58	0.54	0.6	0.59	0.2	-0.35	0.43	0.4	0.58	0.38	0.5	0.49	0.7	0.53	0.12		0.54	0.54	1.0	0.56	0.45	0.43	0.25	0.11	0.44	-0.33
Total Liab	0.99	0.95	0.98	0.99	0.59	-0.83	0.83	0.56	0.99	0.84	0.75	0.76	0.92	1.0	0.58	0.54		0.89	0.54	0.98	0.95	0.91	0.64	-0.09	0.78	-0.49
Total Current Assets	0.9	0.84	0.9	0.85	0.24	-0.79	0.82	0.84	0.86	0.7	0.95	0.82	0.91	0.89	0.52	0.54	0.89		0.54	0.87	0.85	0.9	0.6	-0.38	0.76	-0.36
Other Assets	0.58	0.54	0.6	0.59	0.2	-0.35	0.43	0.4	0.57	0.37	0.5	0.49	0.7	0.53	0.12	1.0	0.54	0.54		0.56	0.45	0.43	0.25	0.11	0.43	-0.32
Inventory	0.99	0.9	0.98	0.98	0.64	-0.84	0.75	0.49	0.99	0.91	0.71	0.78	0.93	0.99	0.57	0.56	0.98	0.87	0.56		0.94	0.92	0.53	-0.13	0.84	-0.6
Short Long Term Debt Total	0.93	0.83	0.91	0.91	0.69	-0.92	0.73	0.5	0.92	0.86	0.71	0.67	0.9	0.96	0.49	0.45	0.95	0.85	0.45	0.94		0.89	0.51	-0.22	0.81	-0.58
Other Current Liab	0.92	0.88	0.91	0.89	0.49	-0.75	0.75	0.61	0.9	0.81	0.77	0.81	0.82	0.91	0.68	0.43	0.91	0.9	0.43	0.92	0.89		0.47	-0.29	0.77	-0.43
Current Deferred Revenue	0.59	0.67	0.56	0.59	0.08	-0.42	0.73	0.62	0.58	0.3	0.57	0.39	0.5	0.62	0.23	0.25	0.64	0.6	0.25	0.53	0.51	0.47		-0.09	0.19	0.05
Short Term Debt	-0.09	0.09	-0.1	0.01	0.15	0.3	-0.06	-0.43	-0.03	-0.12	-0.41	-0.13	-0.2	-0.14	-0.12	0.11	-0.09	-0.38	0.11	-0.13	-0.22	-0.29	-0.09		-0.17	0.01
Short Term Investments	0.83	0.66	0.84	0.79	0.53	-0.83	0.46	0.39	0.82	0.93	0.69	0.83	0.84	0.8	0.31	0.44	0.78	0.76	0.43	0.84	0.81	0.77	0.19	-0.17		-0.81
Good Will	-0.54	-0.32	-0.56	-0.54	-0.62	0.6	0.01	0.08	-0.57	-0.82	-0.29	-0.51	-0.57	-0.53	0.03	-0.33	-0.49	-0.36	-0.32	-0.6	-0.58	-0.43	0.05	0.01	-0.81

Click cells to compare fundamentals

First Majestic Account Relationship Matchups

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

0.79

Ivanhoe Energy

Pair Corr

Moving against First Stock

0.5	TD	Toronto Dominion Bank	Pair Corr
0.4	AQN	Algonquin Power Utilities	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:

How To Invest In First

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Is First Stock a good investment?

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What is First Majestic's Net Worth?

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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Operating Income vs Net Interest Income Analysis

Operating Income vs Net Interest Income

Operating Income vs Net Interest Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Interest Income

First Majestic fundamental ratios Correlations

First Majestic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Majestic fundamental ratios Accounts

Pair Trading with First Majestic

Moving together with First Stock

Moving against First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Other Assets	+ 1.0	Other Stockholder Equity
Property Plant And Equipment Net	+ 0.99	Total Assets

Short Long Term Debt Total	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Inventory	- 0.84	Retained Earnings
Short Term Investments	- 0.83	Retained Earnings
Total Liab	- 0.83	Retained Earnings