MDA Gross Profit vs Net Income Analysis
| MDA Stock | CAD 28.50 0.11 0.39% |
MDA financial indicator trend analysis is infinitely more than just investigating MDA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDA is a good investment. Please check the relationship between MDA Gross Profit and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDA. 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.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MDA Gross Profit account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MDA's Gross Profit and Net Income is 0.93. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of MDA, assuming nothing else is changed. The correlation between historical values of MDA's Gross Profit and Net 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 Gross Profit of MDA are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., MDA's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of MDA minus its cost of goods sold. It is profit before MDA operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in MDA financial statement analysis. It represents the amount of money remaining after all of MDA operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from MDA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDA 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 MDA. 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, MDA's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value Over EBITDA is likely to grow to 21.77, while Tax Provision is likely to drop about 9.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 79.8M | 76.2M | 78.1M | 80.4M | Interest Income | 32.2M | 34.2M | 2M | 1.9M |
MDA fundamental ratios Correlations
Click cells to compare fundamentals
MDA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MDA fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 251.8M | 242.4M | 225.9M | 318.6M | 373.2M | 300.2M | |
| Accounts Payable | 135.6M | 65.7M | 71.3M | 124.3M | 219.1M | 134.3M | |
| Other Assets | 86.3M | 75.8M | 125M | 158.1M | 181.8M | 117.9M | |
| Net Receivables | 319.1M | 230.4M | 189.4M | 311.6M | 399.9M | 313.2M | |
| Inventory | 1.7M | 6.5M | 8M | 7.5M | 9.9M | 6.6M | |
| Other Current Assets | 100K | 12.2M | 12.8M | 19.8M | 24.3M | 12.8M | |
| Total Current Assets | 400M | 327.7M | 293.8M | 378.2M | 456.6M | 395.7M | |
| Common Stock | 410.1M | 480.4M | 950.7M | 951.6M | 956.1M | 751.5M | |
| Property Plant Equipment | 51.5M | 91.3M | 124.7M | 242.2M | 278.5M | 292.5M |
Pair Trading with MDA
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 MDA 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 MDA will appreciate offsetting losses from the drop in the long position's value.Moving against MDA Stock
| 0.48 | KDA | KDA Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to MDA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDA 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 MDA - 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 MDA to buy it.
The correlation of MDA 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 MDA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDA 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 MDA 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 MDA Stock
Balance Sheet is a snapshot of the financial position of MDA at a specified time, usually calculated after every quarter, six months, or one year. MDA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MDA 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 MDA currently owns. An asset can also be divided into two categories, current and non-current.