MNG Stock | | | 198.20 1.15 0.58% |
MG Plc financial indicator trend analysis is infinitely more than just investigating MG Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MG Plc is a good investment. Please check the relationship between MG Plc Dividends Paid and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MG Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Dividends Paid vs Capital Expenditures
Dividends Paid vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MG Plc Dividends Paid account and
Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between MG Plc's Dividends Paid and Capital Expenditures is -0.55. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of MG Plc, assuming nothing else is changed. The correlation between historical values of MG Plc's Dividends Paid 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 Dividends Paid of MG Plc 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 Dividends Paid i.e., MG Plc's Dividends Paid and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Capital Expenditures
Capital Expenditures are funds used by MG Plc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of MG Plc operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from MG Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MG Plc 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 Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 669.2
M. The current year's
Discontinued Operations is expected to grow to about 70
MMG Plc fundamental ratios Correlations
Click cells to compare fundamentals
MG Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MG Plc fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in MNG Stock
Balance Sheet is a snapshot of the
financial position of MG Plc at a specified time, usually calculated after every quarter, six months, or one year. MG Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MG Plc 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 MNG currently owns. An asset can also be divided into two categories, current and non-current.