Dorchester Change To Liabilities vs Free Cash Flow Analysis

DMLP Stock  USD 32.54  0.91  2.72%   
Dorchester Minerals financial indicator trend analysis is much more than just examining Dorchester Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorchester Minerals is a good investment. Please check the relationship between Dorchester Minerals Change To Liabilities and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorchester Minerals LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Change To Liabilities vs Free Cash Flow

Change To Liabilities vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorchester Minerals Change To Liabilities account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dorchester Minerals' Change To Liabilities and Free Cash Flow is 0.44. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Dorchester Minerals LP, assuming nothing else is changed. The correlation between historical values of Dorchester Minerals' Change To Liabilities and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Dorchester Minerals LP are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Liabilities i.e., Dorchester Minerals' Change To Liabilities and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.44
Relationship DirectionPositive 
Relationship StrengthWeak

Change To Liabilities

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Dorchester Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorchester Minerals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorchester Minerals LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Dorchester Minerals' Selling General Administrative is relatively stable compared to the past year. As of 12/10/2024, Enterprise Value Over EBITDA is likely to grow to 12.56, while Sales General And Administrative To Revenue is likely to drop 0.07.
 2021 2022 2023 2024 (projected)
Gross Profit75.4M138.8M125.3M131.5M
Total Revenue93.4M170.8M163.8M172.0M

Dorchester Minerals fundamental ratios Correlations

-0.60.120.340.50.690.810.420.230.150.96-0.670.960.60.95-0.270.730.460.50.290.31-0.630.32-0.590.150.64
-0.60.44-0.050.05-0.27-0.75-0.160.390.06-0.550.24-0.55-0.15-0.5-0.36-0.28-0.29-0.18-0.020.20.060.090.170.260.05
0.120.440.420.890.7-0.24-0.170.95-0.37-0.01-0.72-0.010.780.17-0.840.670.460.490.480.37-0.630.57-0.560.850.66
0.34-0.050.420.540.40.2-0.050.43-0.280.3-0.370.30.390.27-0.310.40.310.410.20.22-0.650.13-0.330.30.34
0.50.050.890.540.910.2-0.060.91-0.360.33-0.890.330.930.49-0.830.890.670.70.620.47-0.830.51-0.730.740.69
0.69-0.270.70.40.910.380.090.71-0.320.5-0.990.50.990.69-0.611.00.710.690.580.3-0.710.46-0.690.680.72
0.81-0.75-0.240.20.20.380.33-0.030.030.76-0.320.760.250.74-0.070.40.280.540.390.42-0.49-0.1-0.45-0.240.13
0.42-0.16-0.17-0.05-0.060.090.33-0.080.450.45-0.090.450.050.52-0.040.14-0.480.14-0.030.2-0.190.02-0.28-0.10.25
0.230.390.950.430.910.71-0.03-0.08-0.330.1-0.70.10.760.27-0.950.680.420.620.660.64-0.770.53-0.690.730.61
0.150.06-0.37-0.28-0.36-0.320.030.45-0.330.320.320.32-0.340.130.21-0.24-0.28-0.48-0.42-0.050.20.040.11-0.50.04
0.96-0.55-0.010.30.330.50.760.450.10.32-0.481.00.420.89-0.170.560.330.320.120.26-0.550.34-0.50.020.61
-0.670.24-0.72-0.37-0.89-0.99-0.32-0.09-0.70.32-0.48-0.48-0.99-0.690.59-0.99-0.68-0.68-0.54-0.250.66-0.480.66-0.73-0.76
0.96-0.55-0.010.30.330.50.760.450.10.321.0-0.480.420.89-0.170.560.330.320.120.26-0.550.34-0.50.020.61
0.6-0.150.780.390.930.990.250.050.76-0.340.42-0.990.420.62-0.650.980.690.660.570.28-0.680.51-0.670.760.75
0.95-0.50.170.270.490.690.740.520.270.130.89-0.690.890.62-0.270.730.330.570.350.35-0.580.25-0.550.220.71
-0.27-0.36-0.84-0.31-0.83-0.61-0.07-0.04-0.950.21-0.170.59-0.17-0.65-0.27-0.59-0.3-0.59-0.65-0.740.81-0.60.78-0.6-0.56
0.73-0.280.670.40.891.00.40.140.68-0.240.56-0.990.560.980.73-0.590.690.660.560.3-0.710.47-0.680.650.74
0.46-0.290.460.310.670.710.28-0.480.42-0.280.33-0.680.330.690.33-0.30.690.330.360.01-0.410.27-0.330.40.37
0.5-0.180.490.410.70.690.540.140.62-0.480.32-0.680.320.660.57-0.590.660.330.740.62-0.720.07-0.570.430.41
0.29-0.020.480.20.620.580.39-0.030.66-0.420.12-0.540.120.570.35-0.650.560.360.740.73-0.60.15-0.570.330.22
0.310.20.370.220.470.30.420.20.64-0.050.26-0.250.260.280.35-0.740.30.010.620.73-0.70.17-0.630.090.24
-0.630.06-0.63-0.65-0.83-0.71-0.49-0.19-0.770.2-0.550.66-0.55-0.68-0.580.81-0.71-0.41-0.72-0.6-0.7-0.450.79-0.43-0.57
0.320.090.570.130.510.46-0.10.020.530.040.34-0.480.340.510.25-0.60.470.270.070.150.17-0.45-0.620.510.68
-0.590.17-0.56-0.33-0.73-0.69-0.45-0.28-0.690.11-0.50.66-0.5-0.67-0.550.78-0.68-0.33-0.57-0.57-0.630.79-0.62-0.39-0.57
0.150.260.850.30.740.68-0.24-0.10.73-0.50.02-0.730.020.760.22-0.60.650.40.430.330.09-0.430.51-0.390.7
0.640.050.660.340.690.720.130.250.610.040.61-0.760.610.750.71-0.560.740.370.410.220.24-0.570.68-0.570.7
Click cells to compare fundamentals

Dorchester Minerals Account Relationship Matchups

Dorchester Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets116.9M88.3M146.8M176.2M191.1M136.5M
Other Current Liab2.1M300K291K(281K)(272K)(258.4K)
Total Current Liabilities2.4M1.9M2.8M3.4M4.5M4.7M
Total Stockholder Equity112.3M84.6M142.4M171.5M185.4M194.7M
Accounts Payable2.1M1.6M2.5M3.1M4.2M4.4M
Cash15.3M11.2M28.3M40.8M47.0M49.4M
Common Stock Shares Outstanding34.1M34.7M35.1M37.6M38.8M32.3M
Liabilities And Stockholders Equity116.9M88.3M146.8M176.2M5.5M5.2M
Total Liab4.5M3.8M4.4M4.7M5.5M5.8M
Property Plant Equipment87.0M751K98.3M567K510.3K484.8K
Property Plant And Equipment Net88.6M70.1M100.1M113.8M121.4M80.3M
Net Debt(12.8M)(9.0M)(26.4M)(39.2M)(45.7M)(43.4M)
Non Current Assets Total88.6M70.1M100.1M113.8M121.4M80.3M
Cash And Short Term Investments15.3M11.2M28.3M40.8M47.0M49.4M
Net Receivables12.9M7.0M18.4M21.7M22.7M12.1M
Other Stockholder Equity1.2M536K982K676K777.4K738.5K
Total Current Assets28.3M18.2M46.7M62.5M69.7M73.2M
Property Plant And Equipment Gross88.6M70.1M659K989K508.8M534.3M
Common Stock111.1M84.0M141.4M170.8M185.4M112.5M
Non Current Liabilities Total2.2M1.9M1.6M1.3M1.0M658.8K
Non Currrent Assets Other(88.6M)(70.1M)(100.1M)(113.8M)(102.4M)(97.3M)
Inventory0.0(6.6M)(7.1M)(14.5M)(13.1M)(12.4M)
Net Tangible Assets112.3M84.6M142.4M171.5M197.2M119.4M
Accumulated Depreciation(625K)(679K)(146K)(422K)(485.3K)(509.6K)
Net Invested Capital112.3M84.6M142.4M171.5M185.6M137.3M
Net Working Capital25.9M16.3M43.9M59.1M65.2M41.6M

Pair Trading with Dorchester Minerals

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

Moving together with Dorchester Stock

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  0.82PR Permian ResourcesPairCorr

Moving against Dorchester Stock

  0.88BRN Barnwell Industries Earnings Call This WeekPairCorr
  0.76BRY Berry Petroleum Corp Buyout TrendPairCorr
  0.6APA APA CorporationPairCorr
  0.53EGY Vaalco EnergyPairCorr
  0.52DVN Devon EnergyPairCorr
The ability to find closely correlated positions to Dorchester Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorchester Minerals 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 Dorchester Minerals - 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 Dorchester Minerals LP to buy it.
The correlation of Dorchester Minerals 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 Dorchester Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorchester Minerals 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 Dorchester Minerals 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

Additional Tools for Dorchester Stock Analysis

When running Dorchester Minerals' price analysis, check to measure Dorchester Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dorchester Minerals is operating at the current time. Most of Dorchester Minerals' value examination focuses on studying past and present price action to predict the probability of Dorchester Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorchester Minerals' price. Additionally, you may evaluate how the addition of Dorchester Minerals to your portfolios can decrease your overall portfolio volatility.