Mega Common Stock vs Total Current Liabilities Analysis

MGA Stock  CAD 0.35  0.01  2.78%   
Mega Uranium financial indicator trend analysis is infinitely more than just investigating Mega Uranium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mega Uranium is a good investment. Please check the relationship between Mega Uranium Common Stock and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mega Uranium. 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 vs Total Current Liabilities

Common Stock vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mega Uranium Common Stock account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Mega Uranium's Common Stock and Total Current Liabilities is 0.3. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Mega Uranium, assuming nothing else is changed. The correlation between historical values of Mega Uranium's Common Stock and Total Current Liabilities 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 of Mega Uranium are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock i.e., Mega Uranium's Common Stock and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Common Stock

Total Current Liabilities

Total Current Liabilities is an item on Mega Uranium balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mega Uranium are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Mega Uranium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mega Uranium 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 Mega Uranium. 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, Mega Uranium's Selling General Administrative is very stable compared to the past year. As of the 15th of December 2024, Sales General And Administrative To Revenue is likely to grow to 271.15, though Tax Provision is likely to grow to (6.7 M).
 2023 2024 (projected)
Reconciled Depreciation109.3K68.4K
Research Development54.9K48.8K

Mega Uranium fundamental ratios Correlations

0.550.721.00.230.65-0.23-0.150.141.00.93-0.10.680.850.070.760.230.940.710.43-0.08-0.26-0.430.42-0.130.21
0.550.530.540.010.41-0.460.25-0.160.540.550.580.560.51-0.010.580.010.590.310.490.37-0.07-0.480.66-0.380.44
0.720.530.68-0.110.98-0.06-0.09-0.390.70.76-0.080.610.87-0.270.98-0.110.770.740.2-0.19-0.07-0.190.39-0.220.3
1.00.540.680.250.61-0.24-0.150.181.00.92-0.090.670.830.090.730.250.930.690.44-0.07-0.27-0.440.42-0.120.2
0.230.01-0.110.25-0.250.170.370.60.270.00.31-0.14-0.060.94-0.091.00.040.480.090.660.05-0.09-0.240.66-0.66
0.650.410.980.61-0.250.01-0.22-0.480.620.73-0.210.550.85-0.410.95-0.250.730.660.09-0.34-0.12-0.080.32-0.240.31
-0.23-0.46-0.06-0.240.170.01-0.06-0.22-0.25-0.13-0.23-0.74-0.080.04-0.090.17-0.140.02-0.94-0.060.270.94-0.340.83-0.81
-0.150.25-0.09-0.150.37-0.22-0.06-0.16-0.12-0.310.63-0.21-0.30.34-0.060.37-0.270.030.090.670.68-0.10.280.12-0.13
0.14-0.16-0.390.180.6-0.48-0.22-0.160.18-0.070.020.09-0.180.63-0.390.6-0.060.070.350.3-0.43-0.36-0.30.21-0.24
1.00.540.71.00.270.62-0.25-0.120.180.9-0.080.670.820.10.740.260.920.710.45-0.05-0.26-0.450.42-0.120.2
0.930.550.760.920.00.73-0.13-0.31-0.070.9-0.230.660.95-0.150.79-0.011.00.630.27-0.3-0.26-0.260.39-0.170.25
-0.10.58-0.08-0.090.31-0.21-0.230.630.02-0.08-0.23-0.06-0.240.34-0.060.31-0.18-0.070.240.890.09-0.240.430.00.0
0.680.560.610.67-0.140.55-0.74-0.210.090.670.66-0.060.7-0.150.58-0.140.660.440.83-0.21-0.39-0.820.36-0.690.72
0.850.510.870.83-0.060.85-0.08-0.3-0.180.820.95-0.240.7-0.220.85-0.060.950.670.24-0.33-0.24-0.230.35-0.20.26
0.07-0.01-0.270.090.94-0.410.040.340.630.1-0.150.34-0.15-0.22-0.260.94-0.110.330.160.660.05-0.16-0.370.56-0.57
0.760.580.980.73-0.090.95-0.09-0.06-0.390.740.79-0.060.580.85-0.26-0.090.80.750.21-0.17-0.04-0.210.43-0.220.3
0.230.01-0.110.251.0-0.250.170.370.60.26-0.010.31-0.14-0.060.94-0.090.040.480.090.660.05-0.09-0.240.66-0.66
0.940.590.770.930.040.73-0.14-0.27-0.060.921.0-0.180.660.95-0.110.80.040.650.29-0.24-0.26-0.280.41-0.160.24
0.710.310.740.690.480.660.020.030.070.710.63-0.070.440.670.330.750.480.650.240.1-0.07-0.240.020.18-0.13
0.430.490.20.440.090.09-0.940.090.350.450.270.240.830.240.160.210.090.290.240.16-0.29-1.00.32-0.680.68
-0.080.37-0.19-0.070.66-0.34-0.060.670.3-0.05-0.30.89-0.21-0.330.66-0.170.66-0.240.10.160.11-0.160.160.32-0.33
-0.26-0.07-0.07-0.270.05-0.120.270.68-0.43-0.26-0.260.09-0.39-0.240.05-0.040.05-0.26-0.07-0.290.110.290.130.18-0.17
-0.43-0.48-0.19-0.44-0.09-0.080.94-0.1-0.36-0.45-0.26-0.24-0.82-0.23-0.16-0.21-0.09-0.28-0.24-1.0-0.160.29-0.310.68-0.67
0.420.660.390.42-0.240.32-0.340.28-0.30.420.390.430.360.35-0.370.43-0.240.410.020.320.160.13-0.31-0.450.49
-0.13-0.38-0.22-0.120.66-0.240.830.120.21-0.12-0.170.0-0.69-0.20.56-0.220.66-0.160.18-0.680.320.180.68-0.45-0.99
0.210.440.30.2-0.660.31-0.81-0.13-0.240.20.250.00.720.26-0.570.3-0.660.24-0.130.68-0.33-0.17-0.670.49-0.99
Click cells to compare fundamentals

Mega Uranium Account Relationship Matchups

Mega Uranium fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets52.6M138.0M117.9M184.9M212.6M120.2M
Other Current Liab843K991K1.2M1.3M1.5M925.4K
Total Current Liabilities969K1.1M2.5M10.1M11.6M12.2M
Total Stockholder Equity51.5M136.8M115.4M174.2M200.3M108.3M
Property Plant And Equipment Net225K130K120K472K424.8K403.6K
Net Debt(410K)(1.2M)692K8.7M10.0M10.5M
Retained Earnings(323.3M)(302.2M)(310.6M)(306.2M)(275.6M)(261.8M)
Accounts Payable45K59K80K116K104.4K99.2K
Cash610K1.3M510K347K312.3K296.7K
Non Current Assets Total47.0M118.2M98.6M158.9M182.8M102.1M
Cash And Short Term Investments5.3M19.5M18.6M25.6M29.5M16.9M
Net Receivables210K254K692K305K274.5K372.1K
Common Stock Shares Outstanding328.6M353.7M355.0M367.6M422.7M443.9M
Short Term Investments4.7M18.2M18.1M25.3M29.1M30.5M
Liabilities And Stockholders Equity52.6M138.0M117.9M184.9M212.6M120.2M
Other Stockholder Equity66.8M67.3M66.8M67.2M1.2K1.1K
Total Liab1.1M1.2M2.5M10.7M9.6M8.6M
Property Plant And Equipment Gross225K130K120K472K424.8K403.6K
Total Current Assets5.6M19.8M19.3M25.9M29.8M18.1M
Short Term Debt81K56K1.2M8.7M7.8M8.1M
Accumulated Other Comprehensive Income30.7M92.4M76.2M196.7M226.2M237.6M
Other Current Assets42K53K11K5K4.5K4.3K
Non Currrent Assets Other334K321K311K305K274.5K260.8K
Non Current Liabilities Total119K63K1.3M598K538.2K511.3K
Common Stock277.2M280.1M282.6M283.6M326.2M278.1M
Net Tangible Assets44.2M51.5M136.8M115.4M132.8M77.7M
Long Term Investments46.4M117.8M98.1M158.1M181.9M191.0M
Property Plant Equipment50K225K130K120K108K102.6K
Net Invested Capital51.5M136.8M116.6M182.8M210.2M220.7M
Net Working Capital4.6M18.7M16.9M15.9M18.2M10.2M
Capital Stock277.2M280.1M282.6M283.6M326.2M307.0M

Pair Trading with Mega Uranium

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 Mega Uranium 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 Mega Uranium will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mega Stock

  0.74ENB-PFV Enbridge Pref 5PairCorr
  0.7ENS E Split CorpPairCorr
  0.68ENS-PA E Split CorpPairCorr

Moving against Mega Stock

  0.68MFC-PC Manulife Finl SrsPairCorr
  0.61SAGE Sage Potash CorpPairCorr
  0.5SLF-PC Sun Life FinancialPairCorr
  0.5SLF-PD Sun Life FinancialPairCorr
The ability to find closely correlated positions to Mega Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Uranium 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 Mega Uranium - 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 Mega Uranium to buy it.
The correlation of Mega Uranium 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 Mega Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Uranium 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 Mega Uranium 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Mega Stock

Balance Sheet is a snapshot of the financial position of Mega Uranium at a specified time, usually calculated after every quarter, six months, or one year. Mega Uranium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mega Uranium 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 Mega currently owns. An asset can also be divided into two categories, current and non-current.