Mindax Common Stock Shares Outstanding vs Retained Earnings Analysis

MDX Stock   0.04  0  2.56%   
Mindax financial indicator trend analysis is infinitely more than just investigating Mindax Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindax Limited is a good investment. Please check the relationship between Mindax Common Stock Shares Outstanding and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindax Limited. 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.

Common Stock Shares Outstanding vs Retained Earnings

Common Stock Shares Outstanding vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindax Limited Common Stock Shares Outstanding account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mindax's Common Stock Shares Outstanding and Retained Earnings is -0.49. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Mindax Limited, assuming nothing else is changed. The correlation between historical values of Mindax's Common Stock Shares Outstanding and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Mindax Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock Shares Outstanding i.e., Mindax's Common Stock Shares Outstanding and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Mindax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindax Limited 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 Mindax Limited. 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.
Selling General Administrative is likely to drop to about 1 M in 2024. Tax Provision is likely to gain to about (155.2 K) in 2024
 2022 2023 2024 (projected)
Depreciation And Amortization11.5K64.3K67.5K
Total Revenue2.03.0K2.8K

Mindax fundamental ratios Correlations

-0.350.380.920.650.540.210.450.670.450.220.590.450.84-0.380.350.990.620.330.410.390.530.430.38-0.2-0.51
-0.350.34-0.26-0.35-0.130.04-0.24-0.080.17-0.020.170.0-0.150.13-0.1-0.36-0.610.09-0.19-0.43-0.4-0.180.04-0.20.37
0.380.340.140.64-0.210.26-0.170.140.980.20.190.220.630.35-0.190.420.20.41-0.350.180.61-0.330.16-0.26-0.58
0.92-0.260.140.330.690.320.570.750.160.230.740.550.67-0.520.470.890.420.290.560.190.170.590.52-0.24-0.13
0.65-0.350.640.330.05-0.17-0.080.150.780.21-0.08-0.110.670.0-0.130.690.780.27-0.030.690.96-0.02-0.2-0.03-0.92
0.54-0.13-0.210.690.050.080.340.47-0.210.250.380.240.13-0.890.280.440.320.130.910.24-0.150.910.22-0.170.14
0.210.040.260.32-0.170.080.280.480.16-0.060.610.820.310.110.310.21-0.30.10.02-0.49-0.220.050.84-0.160.21
0.45-0.24-0.170.57-0.080.340.280.53-0.160.060.660.570.43-0.20.360.42-0.120.160.26-0.09-0.110.30.56-0.190.1
0.67-0.080.140.750.150.470.480.530.13-0.380.830.650.7-0.510.850.67-0.01-0.240.57-0.30.070.60.640.27-0.05
0.450.170.980.160.78-0.210.16-0.160.130.20.110.140.690.33-0.20.50.360.39-0.340.310.76-0.320.07-0.2-0.73
0.22-0.020.20.230.210.25-0.060.06-0.380.2-0.08-0.08-0.020.12-0.720.170.370.9-0.130.570.12-0.13-0.1-0.87-0.03
0.590.170.190.74-0.080.380.610.660.830.11-0.080.810.64-0.230.620.57-0.250.150.29-0.43-0.170.340.82-0.20.16
0.450.00.220.55-0.110.240.820.570.650.14-0.080.810.53-0.020.460.44-0.240.190.14-0.45-0.140.180.99-0.240.11
0.84-0.150.630.670.670.130.310.430.70.69-0.020.640.53-0.030.370.870.320.240.060.10.640.090.46-0.08-0.61
-0.380.130.35-0.520.0-0.890.11-0.2-0.510.330.12-0.23-0.02-0.03-0.49-0.3-0.250.29-0.99-0.140.16-0.98-0.02-0.25-0.15
0.35-0.1-0.190.47-0.130.280.310.360.85-0.2-0.720.620.460.37-0.490.36-0.17-0.630.53-0.49-0.160.550.480.60.15
0.99-0.360.420.890.690.440.210.420.670.50.170.570.440.87-0.30.360.630.30.330.380.580.350.36-0.15-0.56
0.62-0.610.20.420.780.32-0.3-0.12-0.010.360.37-0.25-0.240.32-0.25-0.170.630.250.240.890.720.22-0.32-0.06-0.69
0.330.090.410.290.270.130.10.16-0.240.390.90.150.190.240.29-0.630.30.25-0.290.390.2-0.270.15-0.96-0.17
0.41-0.19-0.350.56-0.030.910.020.260.57-0.34-0.130.290.140.06-0.990.530.330.24-0.290.1-0.181.00.140.250.18
0.39-0.430.180.190.690.24-0.49-0.09-0.30.310.57-0.43-0.450.1-0.14-0.490.380.890.390.10.620.08-0.54-0.24-0.59
0.53-0.40.610.170.96-0.15-0.22-0.110.070.760.12-0.17-0.140.640.16-0.160.580.720.2-0.180.62-0.18-0.230.06-0.95
0.43-0.18-0.330.59-0.020.910.050.30.6-0.32-0.130.340.180.09-0.980.550.350.22-0.271.00.08-0.180.180.230.18
0.380.040.160.52-0.20.220.840.560.640.07-0.10.820.990.46-0.020.480.36-0.320.150.14-0.54-0.230.18-0.220.21
-0.2-0.2-0.26-0.24-0.03-0.17-0.16-0.190.27-0.2-0.87-0.2-0.24-0.08-0.250.6-0.15-0.06-0.960.25-0.240.060.23-0.22-0.05
-0.510.37-0.58-0.13-0.920.140.210.1-0.05-0.73-0.030.160.11-0.61-0.150.15-0.56-0.69-0.170.18-0.59-0.950.180.21-0.05
Click cells to compare fundamentals

Mindax Account Relationship Matchups

Mindax fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6M4.3M19.0M19.3M26.7M28.1M
Other Current Liab1.0M1.3M225.7K1.9K7.7K7.3K
Total Current Liabilities1.5M396.8K360.7K274.0K1.6M1.7M
Total Stockholder Equity1.1M3.9M18.6M19.0M17.7M11.1M
Accounts Payable226.0K171.2K360.7K272.0K1.6M1.7M
Cash178.8K1.2M1.7M4.6M520.0K494.0K
Net Receivables15.0K16.0K167.1K51.6K45.0K42.7K
Other Current Assets1.1K8.6K8.5K18.5K22.8K20.2K
Total Liab1.5M396.8K360.7K274.0K2.1M2.2M
Common Stock44.8M48.6M50.0M55.4M55.5M35.7M
Property Plant And Equipment Net2.4M2.9M487.8K92.6K26.1M27.4M
Net Debt(178.8K)(1.2M)(1.7M)(4.6M)(411.4K)(432.0K)
Retained Earnings(44.5M)(45.6M)(32.2M)(37.8M)(40.1M)(38.1M)
Non Current Assets Total2.4M2.9M17.3M14.6M26.1M27.4M
Cash And Short Term Investments178.8K1.2M1.7M4.6M520.0K494.0K
Common Stock Shares Outstanding989.7M1.4B1.9B2.0B2.0B2.1B
Liabilities And Stockholders Equity2.6M4.3M19.0M19.3M26.7M28.1M
Total Current Assets196.0K1.4M1.7M4.7M587.7K558.4K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Mindax Stock Analysis

When running Mindax's price analysis, check to measure Mindax'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 Mindax is operating at the current time. Most of Mindax's value examination focuses on studying past and present price action to predict the probability of Mindax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mindax's price. Additionally, you may evaluate how the addition of Mindax to your portfolios can decrease your overall portfolio volatility.