Mccoy Book Value Per Share vs Pocfratio Analysis
MCB Stock | CAD 2.88 0.07 2.49% |
Mccoy Global financial indicator trend analysis is infinitely more than just investigating Mccoy Global recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mccoy Global is a good investment. Please check the relationship between Mccoy Global Book Value Per Share and its Pocfratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mccoy Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Book Value Per Share vs Pocfratio
Book Value Per Share vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mccoy Global Book Value Per Share account and Pocfratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Mccoy Global's Book Value Per Share and Pocfratio is 0.1. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Pocfratio in the same time period over historical financial statements of Mccoy Global, assuming nothing else is changed. The correlation between historical values of Mccoy Global's Book Value Per Share and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Mccoy Global are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Book Value Per Share i.e., Mccoy Global's Book Value Per Share and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Pocfratio
Most indicators from Mccoy Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mccoy Global 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mccoy Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Mccoy Global's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 585.9 K, while Discontinued Operations is likely to drop about 5.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.8M | 11.2M | 15.1M | 17.2M | Cost Of Revenue | 23.7M | 36.7M | 46.9M | 44.6M |
Mccoy Global fundamental ratios Correlations
Click cells to compare fundamentals
Mccoy Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mccoy Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 59.6M | 52.7M | 55.1M | 77.8M | 77.2M | 75.1M | |
Short Long Term Debt Total | 11.5M | 11.3M | 7.8M | 10.1M | 4.3M | 7.5M | |
Other Current Liab | 6.1M | 3.5M | 3.8M | 7.4M | 10.1M | 5.9M | |
Total Current Liabilities | 13.9M | 7.4M | 8.4M | 19.4M | 20.1M | 14.2M | |
Total Stockholder Equity | 37.9M | 35.5M | 40.0M | 51.7M | 54.0M | 47.8M | |
Property Plant And Equipment Net | 9.8M | 10.5M | 10.1M | 7.3M | 9.3M | 13.9M | |
Net Debt | 3.1M | (804K) | (3.3M) | (11.4M) | (11.4M) | (10.8M) | |
Retained Earnings | (34.7M) | (36.9M) | (32.8M) | (24.1M) | (18.4M) | (17.4M) | |
Accounts Payable | 4.2M | 2.3M | 3.5M | 8.6M | 8.6M | 6.9M | |
Non Current Assets Total | 18.3M | 19.8M | 20.7M | 19.3M | 19.5M | 24.4M | |
Net Receivables | 8.8M | 3.6M | 6.0M | 13.0M | 10.4M | 12.9M | |
Common Stock Shares Outstanding | 27.9M | 27.7M | 28.4M | 28.7M | 28.6M | 24.8M | |
Liabilities And Stockholders Equity | 59.6M | 52.7M | 55.1M | 77.8M | 79.1M | 75.1M | |
Non Current Liabilities Total | 7.9M | 9.7M | 6.7M | 6.7M | 3.2M | 5.5M | |
Inventory | 23.0M | 15.9M | 15.5M | 22.0M | 30.6M | 23.7M | |
Other Current Assets | 1.2M | 1.2M | 1.8M | 2.0M | 1.0M | 970.9K | |
Other Stockholder Equity | 5.4M | 5.6M | 5.7M | 5.8M | 46.3M | 48.6M | |
Total Liab | 21.8M | 17.2M | 15.1M | 26.1M | 23.3M | 19.8M | |
Property Plant And Equipment Gross | 9.8M | 10.5M | 25.5M | 23.7M | 26.5M | 15.9M | |
Total Current Assets | 41.4M | 32.9M | 34.4M | 58.5M | 57.7M | 50.7M | |
Accumulated Other Comprehensive Income | 7.6M | 7.1M | 7.2M | 9.9M | 8.7M | 9.1M | |
Short Term Debt | 3.6M | 1.6M | 1.1M | 3.4M | 1.1M | 1.0M | |
Non Currrent Assets Other | (17.9M) | (19.8M) | (20.7M) | 39K | 5.3M | 5.6M | |
Intangible Assets | 4.6M | 5.8M | 7.1M | 7.2M | 5.3M | 6.7M | |
Cash | 8.4M | 12.1M | 11.1M | 21.5M | 15.7M | 12.4M | |
Cash And Short Term Investments | 8.4M | 12.1M | 11.1M | 21.5M | 15.7M | 12.4M | |
Current Deferred Revenue | 3.1M | 1.2M | 1.8M | 4.6M | 4.3M | 2.8M | |
Common Stock | 59.6M | 59.7M | 60.0M | 60.1M | 17.4M | 16.5M | |
Net Tangible Assets | 29.7M | 26.2M | 29.5M | 40.8M | 36.8M | 40.8M | |
Other Assets | 476K | 319K | 39K | 1.1M | 973.8K | 650.7K | |
Short Long Term Debt | 2.5M | 1.2M | 504K | 2.3M | 2.6M | 1.9M | |
Property Plant Equipment | 9.8M | 10.5M | 10.1M | 7.3M | 6.6M | 8.7M | |
Capital Surpluse | 5.4M | 5.6M | 5.7M | 5.8M | 6.6M | 5.7M | |
Long Term Debt Total | 7.8M | 9.7M | 6.7M | 6.7M | 7.7M | 5.4M | |
Cash And Equivalents | 8.4M | 12.1M | 11.1M | 21.5M | 19.3M | 11.6M | |
Net Invested Capital | 46.0M | 42.8M | 44.2M | 56.2M | 54.0M | 52.6M | |
Net Working Capital | 27.5M | 25.4M | 26.1M | 39.1M | 37.7M | 35.0M |
Pair Trading with Mccoy Global
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 Mccoy Global 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 Mccoy Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Mccoy Stock
Moving against Mccoy Stock
The ability to find closely correlated positions to Mccoy Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mccoy Global 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 Mccoy Global - 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 Mccoy Global to buy it.
The correlation of Mccoy Global 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 Mccoy Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mccoy Global 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 Mccoy Global 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.Other Information on Investing in Mccoy Stock
Balance Sheet is a snapshot of the financial position of Mccoy Global at a specified time, usually calculated after every quarter, six months, or one year. Mccoy Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mccoy Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mccoy currently owns. An asset can also be divided into two categories, current and non-current.