| MGYR Stock | | | USD 14.60 0.54 3.84% |
Magyar Bancorp financial indicator trend analysis is infinitely more than just investigating Magyar Bancorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magyar Bancorp is a good investment. Please check the relationship between Magyar Bancorp Accounts Payable and its Earning Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
To learn how to invest in Magyar Stock, please use our
How to Invest in Magyar Bancorp guide.
Accounts Payable vs Earning Assets
Accounts Payable vs Earning Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magyar Bancorp Accounts Payable account and
Earning Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Magyar Bancorp's Accounts Payable and Earning Assets is 0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Earning Assets in the same time period over historical financial statements of Magyar Bancorp, assuming nothing else is changed. The correlation between historical values of Magyar Bancorp's Accounts Payable and Earning Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Magyar Bancorp are associated (or correlated) with its Earning Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earning Assets has no effect on the direction of Accounts Payable i.e., Magyar Bancorp's Accounts Payable and Earning Assets go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Magyar Bancorp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Magyar Bancorp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Earning Assets
Most indicators from Magyar Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magyar Bancorp 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 Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
To learn how to invest in Magyar Stock, please use our
How to Invest in Magyar Bancorp guide.As of 02/17/2025,
Selling General Administrative is likely to drop to about 9.5
M. In addition to that,
Tax Provision is likely to drop to about 2
MMagyar Bancorp fundamental ratios Correlations
Click cells to compare fundamentals
Magyar Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magyar Bancorp fundamental ratios Accounts
Additional Tools for Magyar Stock Analysis
When running Magyar Bancorp's price analysis, check to
measure Magyar Bancorp'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 Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to
predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.