MIN Stock | | | 35.80 1.11 3.01% |
Mineral Resources financial indicator trend analysis is infinitely more than just investigating Mineral Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mineral Resources is a good investment. Please check the relationship between Mineral Resources Net Borrowings and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mineral Resources. 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.
Net Borrowings vs Capital Expenditures
Net Borrowings vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mineral Resources Net Borrowings account and
Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mineral Resources' Net Borrowings and Capital Expenditures is -0.01. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Mineral Resources, assuming nothing else is changed. The correlation between historical values of Mineral Resources' Net Borrowings and Capital Expenditures 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 Borrowings of Mineral Resources are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Borrowings i.e., Mineral Resources' Net Borrowings and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Capital Expenditures
Capital Expenditures are funds used by Mineral Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Mineral Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Mineral Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mineral Resources 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 Mineral Resources. 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 1.5
B in 2024, despite the fact that
Tax Provision is likely to grow to (8.6
M).
Mineral Resources fundamental ratios Correlations
Click cells to compare fundamentals
Mineral Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mineral Resources fundamental ratios Accounts
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Additional Tools for Mineral Stock Analysis
When running Mineral Resources' price analysis, check to
measure Mineral Resources' 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 Mineral Resources is operating at the current time. Most of Mineral Resources' value examination focuses on studying past and present price action to
predict the probability of Mineral Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mineral Resources' price. Additionally, you may evaluate how the addition of Mineral Resources to your portfolios can decrease your overall portfolio volatility.