| 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 Net Receivables 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magyar Bancorp Net Receivables account and
Earning Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Magyar Bancorp's Net Receivables and Earning Assets is -0.85. Overlapping area represents the amount of variation of Net Receivables 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 Net Receivables 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 Net Receivables 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 Net Receivables i.e., Magyar Bancorp's Net Receivables and Earning Assets go up and down completely randomly.
Correlation Coefficient | -0.85 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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
MWhen 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.