MDU Stock | | | USD 20.05 0.11 0.55% |
MDU Resources financial indicator trend analysis is infinitely more than just investigating MDU Resources Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDU Resources Group is a good investment. Please check the relationship between MDU Resources Property Plant And Equipment Net and its Non Current Liabilities Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Property Plant And Equipment Net vs Non Current Liabilities Total
Property Plant And Equipment Net vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MDU Resources Group Property Plant And Equipment Net account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MDU Resources' Property Plant And Equipment Net and Non Current Liabilities Total is 0.98. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of MDU Resources Group, assuming nothing else is changed. The correlation between historical values of MDU Resources' Property Plant And Equipment Net and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of MDU Resources Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Property Plant And Equipment Net i.e., MDU Resources' Property Plant And Equipment Net and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Non Current Liabilities Total
Most indicators from MDU Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDU Resources Group 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 MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, MDU Resources'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 257.2
K in 2024, whereas
Tax Provision is likely to drop slightly above 93.7
M in 2024.
MDU Resources fundamental ratios Correlations
Click cells to compare fundamentals
MDU Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MDU Resources fundamental ratios Accounts
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measure MDU Resources' 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 MDU Resources is operating at the current time. Most of MDU Resources' value examination focuses on studying past and present price action to
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