Morguard Pocfratio vs Days Of Inventory On Hand Analysis

MRT-UN Stock  CAD 5.61  0.01  0.18%   
Morguard Real financial indicator trend analysis is infinitely more than just investigating Morguard Real Estate recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morguard Real Estate is a good investment. Please check the relationship between Morguard Real Pocfratio and its Days Of Inventory On Hand accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morguard Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Pocfratio vs Days Of Inventory On Hand

Pocfratio vs Days Of Inventory On Hand Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard Real Estate Pocfratio account and Days Of Inventory On Hand. At this time, the significance of the direction appears to have strong relationship.
The correlation between Morguard Real's Pocfratio and Days Of Inventory On Hand is 0.65. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Morguard Real Estate, assuming nothing else is changed. The correlation between historical values of Morguard Real's Pocfratio and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of Morguard Real Estate are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Pocfratio i.e., Morguard Real's Pocfratio and Days Of Inventory On Hand go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Pocfratio

Days Of Inventory On Hand

Most indicators from Morguard Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morguard Real Estate 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 Morguard Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At present, Morguard Real's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.02, whereas Enterprise Value Over EBITDA is forecasted to decline to 7.73.
 2021 2022 2023 2024 (projected)
Gross Profit122.1M122.0M126.0M117.1M
Total Revenue241.4M242.6M255.1M239.3M

Morguard Real fundamental ratios Correlations

0.950.970.440.950.990.430.910.94-0.90.95-0.880.75-0.870.90.24-0.750.310.30.30.330.230.42-0.170.230.2
0.950.840.271.00.950.490.890.9-0.931.0-0.910.82-0.860.730.2-0.810.510.270.270.280.430.57-0.240.30.09
0.970.840.550.830.960.350.850.91-0.80.84-0.780.62-0.820.970.25-0.630.110.310.310.350.030.26-0.090.150.29
0.440.270.550.240.43-0.30.50.43-0.30.27-0.30.27-0.460.610.25-0.17-0.230.330.330.37-0.280.0-0.10.11-0.02
0.951.00.830.240.950.480.890.89-0.931.0-0.910.83-0.840.710.13-0.810.520.190.190.210.450.58-0.240.290.08
0.990.950.960.430.950.420.910.94-0.920.95-0.90.79-0.880.890.17-0.780.330.240.240.270.240.47-0.210.260.13
0.430.490.35-0.30.480.420.390.37-0.350.49-0.320.21-0.090.280.29-0.410.370.280.280.160.330.1-0.390.490.32
0.910.890.850.50.890.910.390.89-0.910.9-0.910.83-0.850.770.19-0.790.310.250.250.280.220.44-0.320.350.02
0.940.90.910.430.890.940.370.89-0.850.9-0.830.73-0.860.870.25-0.680.10.310.310.380.010.41-0.170.20.11
-0.9-0.93-0.8-0.3-0.93-0.92-0.35-0.91-0.85-0.931.0-0.940.92-0.71-0.020.91-0.46-0.15-0.15-0.13-0.38-0.540.23-0.250.04
0.951.00.840.271.00.950.490.90.9-0.93-0.910.83-0.850.730.19-0.820.520.270.270.270.440.57-0.250.310.08
-0.88-0.91-0.78-0.3-0.91-0.9-0.32-0.91-0.831.0-0.91-0.950.92-0.680.010.92-0.46-0.13-0.13-0.11-0.38-0.550.24-0.250.08
0.750.820.620.270.830.790.210.830.73-0.940.83-0.95-0.850.54-0.07-0.90.510.070.070.050.440.68-0.420.38-0.38
-0.87-0.86-0.82-0.46-0.84-0.88-0.09-0.85-0.860.92-0.850.92-0.85-0.76-0.160.78-0.29-0.31-0.31-0.33-0.21-0.520.03-0.010.04
0.90.730.970.610.710.890.280.770.87-0.710.73-0.680.54-0.760.29-0.53-0.040.320.320.39-0.130.22-0.120.140.21
0.240.20.250.250.130.170.290.190.25-0.020.190.01-0.07-0.160.290.17-0.050.790.790.95-0.06-0.04-0.070.10.18
-0.75-0.81-0.63-0.17-0.81-0.78-0.41-0.79-0.680.91-0.820.92-0.90.78-0.530.17-0.55-0.13-0.130.08-0.48-0.510.32-0.320.13
0.310.510.11-0.230.520.330.370.310.1-0.460.52-0.460.51-0.29-0.04-0.05-0.55-0.01-0.01-0.111.00.6-0.330.37-0.18
0.30.270.310.330.190.240.280.250.31-0.150.27-0.130.07-0.310.320.79-0.13-0.011.00.85-0.04-0.05-0.080.110.16
0.30.270.310.330.190.240.280.250.31-0.150.27-0.130.07-0.310.320.79-0.13-0.011.00.85-0.04-0.05-0.080.110.16
0.330.280.350.370.210.270.160.280.38-0.130.27-0.110.05-0.330.390.950.08-0.110.850.85-0.140.01-0.040.050.14
0.230.430.03-0.280.450.240.330.220.01-0.380.44-0.380.44-0.21-0.13-0.06-0.481.0-0.04-0.04-0.140.57-0.30.33-0.18
0.420.570.260.00.580.470.10.440.41-0.540.57-0.550.68-0.520.22-0.04-0.510.6-0.05-0.050.010.57-0.410.31-0.57
-0.17-0.24-0.09-0.1-0.24-0.21-0.39-0.32-0.170.23-0.250.24-0.420.03-0.12-0.070.32-0.33-0.08-0.08-0.04-0.3-0.41-0.980.59
0.230.30.150.110.290.260.490.350.2-0.250.31-0.250.38-0.010.140.1-0.320.370.110.110.050.330.31-0.98-0.42
0.20.090.29-0.020.080.130.320.020.110.040.080.08-0.380.040.210.180.13-0.180.160.160.14-0.18-0.570.59-0.42
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Morguard Real Account Relationship Matchups

Morguard Real fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B2.6B2.5B2.4B2.3B2.1B
Short Long Term Debt Total1.3B1.4B1.3B1.3B1.3B1.1B
Total Stockholder Equity1.5B1.2B1.2B1.1B961.2M1.0B
Property Plant And Equipment Net324K242K159K76K2.2B1.6B
Net Debt1.3B1.3B1.3B1.3B1.3B1.1B
Non Current Assets Total2.9B2.5B2.5B2.3B2.3B2.3B
Non Currrent Assets Other2.9B2.5B2.5B2.3B68.5M65.1M
Common Stock Shares Outstanding60.7M62.1M64.1M64.2M64.2M62.4M
Liabilities And Stockholders Equity2.9B2.6B2.5B2.4B2.3B2.1B
Non Current Liabilities Total1.1B934.3M1.1B911.1M855.0M935.4M
Total Liab1.4B1.4B1.3B1.3B1.3B1.1B
Other Assets38.8M36.8M40.2M51.2M46.1M43.8M
Other Current Liab47.4M40.9M38.9M46.5M51.1M27.2M
Retained Earnings918.3M522.3M503.1M401.6M311.8M617.7M
Net Receivables14.3M27.8M12.3M15.7M9.3M16.7M
Other Current Assets1.1M637K365K1.2M1.2M1.2M
Total Current Liabilities310.9M465.7M252.1M414.2M464.1M264.6M
Cash5.8M8.6M11.3M9.7M7.3M6.9M
Cash And Short Term Investments5.8M8.6M11.3M9.7M7.3M6.9M
Total Current Assets21.2M37.0M23.9M26.6M17.8M35.1M
Accumulated Other Comprehensive Income1.6B1.6B4.6M6.9M7.9M7.5M
Short Term Debt263.4M424.8M213.3M367.8M413.0M225.0M
Common Stock612.7M628.9M635.5M635.9M636.1M680.9M
Current Deferred Revenue(47.4M)(40.9M)(38.9M)(46.5M)(51.1M)(53.6M)
Accounts Payable47.4M40.9M38.9M46.5M51.1M48.6M
Other Liab4.6M5.2M5.3M5.4M6.2M4.8M
Net Tangible Assets1.5B1.2B1.2B1.1B945.7M1.1B
Long Term Debt1.1B918.3M1.1B889.3M832.7M876.6M
Long Term Investments23.7M20.5M18.6M11.7M7.8M7.4M
Short Long Term Debt198.1M424.7M213.1M367.6M412.9M267.3M
Property Plant Equipment2.9B2.5B2.4B2.3B2.1B2.2B
Non Current Liabilities Other4.6M5.2M5.3M5.4M6.0M5.2M
Net Invested Capital2.9B2.5B2.4B2.3B1.2B2.0B
Net Working Capital(289.7M)(428.7M)(228.2M)(387.6M)(446.3M)(468.6M)
Capital Stock612.7M628.9M635.5M635.9M731.3M687.5M

Pair Trading with Morguard Real

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Morguard Real position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Morguard Real will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Morguard Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Morguard Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Morguard Real Estate to buy it.
The correlation of Morguard Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Morguard Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Morguard Real can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Morguard Stock

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