Mercantile Cash And Short Term Investments vs Common Stock Analysis

MRC Stock   241.00  1.00  0.41%   
Mercantile Investment financial indicator trend analysis is infinitely more than just investigating The Mercantile Investment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The Mercantile Investment is a good investment. Please check the relationship between Mercantile Investment Cash And Short Term Investments and its Common Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Mercantile Investment. 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.

Cash And Short Term Investments vs Common Stock

Cash And Short Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of The Mercantile Investment Cash And Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mercantile Investment's Cash And Short Term Investments and Common Stock is -0.33. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of The Mercantile Investment, assuming nothing else is changed. The correlation between historical values of Mercantile Investment's Cash And Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of The Mercantile Investment are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash And Short Term Investments i.e., Mercantile Investment's Cash And Short Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.33
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of The Mercantile Investment balance sheet. This account contains Mercantile Investment investments that will expire within one year. These investments include stocks and bonds that can be liquidated by The Mercantile Investment fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock

Most indicators from Mercantile Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into The Mercantile Investment 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 The Mercantile Investment. 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 Selling General Administrative is expected to grow to about 8.5 M, whereas Tax Provision is forecasted to decline to about 133.9 K.

Mercantile Investment fundamental ratios Correlations

-0.83-0.790.8-0.820.82-0.830.850.78-0.040.25-0.46-0.02-0.470.890.89-0.56-0.24-0.22-0.22-0.510.450.010.18-0.64-0.3
-0.830.57-0.580.99-0.60.98-0.95-0.530.03-0.370.520.10.56-0.65-0.650.580.50.230.230.55-0.44-0.32-0.060.690.17
-0.790.57-1.00.6-0.990.54-0.53-0.97-0.14-0.240.070.18-0.07-0.89-0.880.160.310.420.420.12-0.23-0.14-0.160.20.03
0.8-0.58-1.0-0.621.0-0.560.540.960.160.25-0.08-0.160.060.890.88-0.17-0.29-0.4-0.4-0.130.280.130.18-0.21-0.03
-0.820.990.6-0.62-0.630.97-0.93-0.540.05-0.370.380.130.48-0.65-0.640.490.50.260.260.42-0.45-0.32-0.120.610.1
0.82-0.6-0.991.0-0.63-0.580.570.960.170.25-0.13-0.120.010.90.89-0.22-0.31-0.36-0.36-0.180.290.130.14-0.26-0.05
-0.830.980.54-0.560.97-0.58-0.97-0.490.02-0.350.55-0.080.62-0.63-0.630.670.490.050.050.58-0.5-0.270.00.720.18
0.85-0.95-0.530.54-0.930.57-0.970.48-0.140.23-0.540.1-0.690.690.69-0.74-0.41-0.04-0.04-0.590.510.22-0.03-0.74-0.3
0.78-0.53-0.970.96-0.540.96-0.490.480.20.2-0.17-0.210.040.870.87-0.15-0.33-0.45-0.45-0.20.070.180.06-0.25-0.08
-0.040.03-0.140.160.050.170.02-0.140.20.39-0.070.040.23-0.17-0.180.21-0.32-0.01-0.01-0.08-0.140.39-0.030.190.64
0.25-0.37-0.240.25-0.370.25-0.350.230.20.39-0.14-0.130.040.01-0.01-0.04-0.63-0.16-0.16-0.120.080.050.060.10.63
-0.460.520.07-0.080.38-0.130.55-0.54-0.17-0.07-0.14-0.160.69-0.31-0.310.750.22-0.1-0.10.99-0.13-0.130.330.770.48
-0.020.10.18-0.160.13-0.12-0.080.1-0.210.04-0.13-0.16-0.35-0.11-0.1-0.530.070.970.97-0.180.35-0.29-0.31-0.16-0.11
-0.470.56-0.070.060.480.010.62-0.690.040.230.040.69-0.35-0.26-0.270.80.07-0.33-0.330.72-0.380.110.280.880.53
0.89-0.65-0.890.89-0.650.9-0.630.690.87-0.170.01-0.31-0.11-0.261.0-0.44-0.11-0.33-0.33-0.360.340.00.11-0.5-0.44
0.89-0.65-0.880.88-0.640.89-0.630.690.87-0.18-0.01-0.31-0.1-0.271.0-0.44-0.11-0.33-0.33-0.360.34-0.010.1-0.5-0.45
-0.560.580.16-0.170.49-0.220.67-0.74-0.150.21-0.040.75-0.530.8-0.44-0.440.19-0.44-0.440.79-0.520.090.290.730.52
-0.240.50.31-0.290.5-0.310.49-0.41-0.33-0.32-0.630.220.070.07-0.11-0.110.190.140.140.220.21-0.510.510.12-0.39
-0.220.230.42-0.40.26-0.360.05-0.04-0.45-0.01-0.16-0.10.97-0.33-0.33-0.33-0.440.141.0-0.110.3-0.3-0.3-0.08-0.07
-0.220.230.42-0.40.26-0.360.05-0.04-0.45-0.01-0.16-0.10.97-0.33-0.33-0.33-0.440.141.0-0.110.3-0.3-0.3-0.08-0.07
-0.510.550.12-0.130.42-0.180.58-0.59-0.2-0.08-0.120.99-0.180.72-0.36-0.360.790.22-0.11-0.11-0.19-0.130.320.80.5
0.45-0.44-0.230.28-0.450.29-0.50.510.07-0.140.08-0.130.35-0.380.340.34-0.520.210.30.3-0.19-0.340.45-0.34-0.16
0.01-0.32-0.140.13-0.320.13-0.270.220.180.390.05-0.13-0.290.110.0-0.010.09-0.51-0.3-0.3-0.13-0.34-0.20.00.26
0.18-0.06-0.160.18-0.120.140.0-0.030.06-0.030.060.33-0.310.280.110.10.290.51-0.3-0.30.320.45-0.20.250.18
-0.640.690.2-0.210.61-0.260.72-0.74-0.250.190.10.77-0.160.88-0.5-0.50.730.12-0.08-0.080.8-0.340.00.250.67
-0.30.170.03-0.030.1-0.050.18-0.3-0.080.640.630.48-0.110.53-0.44-0.450.52-0.39-0.07-0.070.5-0.160.260.180.67
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Mercantile Investment Account Relationship Matchups

Mercantile Investment fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding838.1M800.3M792.0M791.5M788.8M809.5M
Total Assets2.4B2.3B2.5B2.2B2.2B2.0B
Other Current Liab(5.9M)(21.1M)(9.1M)(9.6M)(19.2M)(20.2M)
Total Current Liabilities5.9M21.1M9.1M9.6M19.2M25.4M
Total Stockholder Equity2.2B2.0B2.2B1.9B1.9B1.7B
Accounts Payable5.9M21.1M9.1M9.6M19.2M27.3M
Non Current Assets Total2.3B2.2B2.5B2.0B2.1B1.8B
Non Currrent Assets Other(2.3B)(2.2B)(2.5B)(2.0B)(2.1B)(2.2B)
Net Receivables4.6M14.1M4.3M2.7M7.6M11.2M
Liabilities And Stockholders Equity2.4B2.3B2.5B2.2B2.2B2.0B
Non Current Liabilities Total177.9M258.0M9.1M9.6M327.9M344.3M
Total Liab183.7M279.0M336.8M337.4M347.2M241.7M
Total Current Assets77.0M37.5M69.9M160.3M97.1M99.0M
Other Assets185K2.4B2.3B2.5B2.9B3.1B
Net Debt105.5M234.6M262.1M170.2M238.4M250.3M
Retained Earnings2.1B1.9B2.1B1.8B76.2M72.4M
Cash72.3M23.3M65.7M157.6M89.5M92.5M
Cash And Short Term Investments72.3M23.3M65.7M157.6M89.5M92.5M
Short Long Term Debt Total177.9M258.0M327.7M327.8M327.9M244.0M
Other Current Assets(190.8M)198K902.0K1.7M997.0K0.0
Accumulated Other Comprehensive Income1.9B1.6B13.2M13.2M11.8M11.3M
Net Tangible Assets1.8B2.2B2.0B2.2B2.5B2.1B
Long Term Investments2.3B2.2B2.5B2.0B2.1B2.2B
Net Invested Capital2.4B2.2B2.5B2.2B2.2B2.5B

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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 Mercantile Stock

Balance Sheet is a snapshot of the financial position of The Mercantile Investment at a specified time, usually calculated after every quarter, six months, or one year. Mercantile Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mercantile Investment 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 Mercantile currently owns. An asset can also be divided into two categories, current and non-current.