Mister Net Working Capital vs Cash And Equivalents Analysis
MCW Stock | USD 8.00 0.09 1.11% |
Mister Car financial indicator trend analysis is infinitely more than just investigating Mister Car Wash recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mister Car Wash is a good investment. Please check the relationship between Mister Car Net Working Capital and its Cash And Equivalents accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Net Working Capital vs Cash And Equivalents
Net Working Capital vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Net Working Capital account and Cash And Equivalents. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Mister Car's Net Working Capital and Cash And Equivalents is 0.13. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Mister Car Wash, assuming nothing else is changed. The correlation between historical values of Mister Car's Net Working Capital and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Mister Car Wash are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Net Working Capital i.e., Mister Car's Net Working Capital and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Working Capital
Cash And Equivalents
Most indicators from Mister Car's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mister Car Wash 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 Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Mister Car's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 177.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 16.98 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 786.1M | 689.7M | 748.9M | 714.5M | Gross Profit | 493.2M | 608.0M | 563.4M | 534.9M |
Mister Car fundamental ratios Correlations
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Mister Car Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Mister Stock Analysis
When running Mister Car's price analysis, check to measure Mister Car's 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 Mister Car is operating at the current time. Most of Mister Car's value examination focuses on studying past and present price action to predict the probability of Mister Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mister Car's price. Additionally, you may evaluate how the addition of Mister Car to your portfolios can decrease your overall portfolio volatility.