| MDX Stock | | | 0.04 0.00 0.00% |
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 Other Non Cash Items and its Change In Working Capital 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.
Other Non Cash Items vs Change In Working Capital
Other Non Cash Items vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mindax Limited Other Non Cash Items account and
Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mindax's Other Non Cash Items and Change In Working Capital is -0.11. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Working Capital 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 Other Non Cash Items and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Mindax Limited are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Other Non Cash Items i.e., Mindax's Other Non Cash Items and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Non Cash Items
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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 2025.
Tax Provision is likely to gain to about (139.6
K) in 2025
Mindax fundamental ratios Correlations
Click cells to compare fundamentals
Mindax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mindax fundamental ratios Accounts
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.
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.