| MGCI Stock | | | 96.00 0.90 0.93% |
MG Credit financial indicator trend analysis is infinitely more than just investigating MG Credit Income recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MG Credit Income is a good investment. Please check the relationship between MG Credit Depreciation And Amortization and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MG Credit Income. 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.
Depreciation And Amortization vs Net Receivables
Depreciation And Amortization vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MG Credit Income Depreciation And Amortization account and
Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between MG Credit's Depreciation And Amortization and Net Receivables is -0.62. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Receivables in the same time period over historical financial statements of MG Credit Income, assuming nothing else is changed. The correlation between historical values of MG Credit's Depreciation And Amortization and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of MG Credit Income are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Depreciation And Amortization i.e., MG Credit's Depreciation And Amortization and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Net Receivables
Most indicators from MG Credit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MG Credit Income 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 MG Credit Income. 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 gain to about 2.1
M in 2025, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2025.
MG Credit fundamental ratios Correlations
Click cells to compare fundamentals
MG Credit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MG Credit fundamental ratios Accounts
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Additional Tools for MGCI Stock Analysis
When running MG Credit's price analysis, check to
measure MG Credit'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 MG Credit is operating at the current time. Most of MG Credit's value examination focuses on studying past and present price action to
predict the probability of MG Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MG Credit's price. Additionally, you may evaluate how the addition of MG Credit to your portfolios can decrease your overall portfolio volatility.