Minco Total Assets vs Cash Analysis

MSV Stock  CAD 0.18  0.01  5.26%   
Minco Silver financial indicator trend analysis is infinitely more than just investigating Minco Silver recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minco Silver is a good investment. Please check the relationship between Minco Silver Total Assets and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Minco Silver. 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.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minco Silver Total Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Minco Silver's Total Assets and Cash is 0.7. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Minco Silver, assuming nothing else is changed. The correlation between historical values of Minco Silver's Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Minco Silver are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Minco Silver's Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Minco Silver assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Minco Silver books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Minco Silver, which is listed under current asset account on Minco Silver balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Minco Silver customers. The amounts must be unrestricted with restricted cash listed in a different Minco Silver account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Minco Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minco Silver 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 Minco Silver. 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.
As of the 11th of December 2024, Selling General Administrative is likely to drop to about 461.8 K. In addition to that, Tax Provision is likely to grow to about (768.5 K)
 2023 2024 (projected)
Interest Income1.4M1.4M
Non Recurring179.7K164.0K

Minco Silver fundamental ratios Correlations

-0.34-0.340.99-0.70.340.70.74-0.260.550.490.620.26-0.410.710.770.03-0.390.890.020.89-0.520.130.890.180.19
-0.340.95-0.340.41-0.71-0.38-0.110.470.30.350.140.490.920.05-0.520.390.78-0.49-0.35-0.490.69-0.06-0.47-0.16-0.21
-0.340.95-0.340.37-0.79-0.34-0.130.530.380.430.060.570.950.04-0.590.530.74-0.48-0.29-0.470.690.06-0.47-0.17-0.2
0.99-0.34-0.34-0.740.340.740.8-0.270.570.510.690.24-0.420.770.82-0.05-0.420.84-0.040.84-0.540.180.840.190.14
-0.70.410.37-0.74-0.35-0.99-0.840.53-0.43-0.35-0.540.020.47-0.73-0.730.230.56-0.51-0.23-0.520.61-0.43-0.51-0.30.32
0.34-0.71-0.790.34-0.350.30.17-0.66-0.5-0.570.03-0.77-0.79-0.040.68-0.63-0.50.550.420.53-0.660.130.530.420.23
0.7-0.38-0.340.74-0.990.30.85-0.540.440.360.550.0-0.430.740.69-0.22-0.520.480.230.48-0.540.440.470.19-0.35
0.74-0.11-0.130.8-0.840.170.85-0.410.640.560.910.16-0.190.950.78-0.29-0.220.41-0.120.41-0.330.440.410.13-0.32
-0.260.470.53-0.270.53-0.66-0.54-0.410.310.36-0.220.630.47-0.1-0.520.520.22-0.28-0.47-0.270.27-0.19-0.270.00.46
0.550.30.380.57-0.43-0.50.440.640.310.990.660.830.310.80.240.40.030.24-0.430.250.00.160.250.0-0.11
0.490.350.430.51-0.35-0.570.360.560.360.990.60.880.380.730.140.470.090.21-0.450.210.080.080.21-0.07-0.1
0.620.140.060.69-0.540.030.550.91-0.220.660.60.250.050.910.69-0.290.060.27-0.370.27-0.10.340.280.07-0.22
0.260.490.570.240.02-0.770.00.160.630.830.880.250.540.38-0.240.730.250.08-0.520.090.29-0.240.09-0.150.02
-0.410.920.95-0.420.47-0.79-0.43-0.190.470.310.380.050.54-0.04-0.640.520.88-0.54-0.33-0.530.85-0.03-0.52-0.28-0.2
0.710.050.040.77-0.73-0.040.740.95-0.10.80.730.910.38-0.040.67-0.15-0.160.34-0.280.34-0.270.440.340.14-0.19
0.77-0.52-0.590.82-0.730.680.690.78-0.520.240.140.69-0.24-0.640.67-0.57-0.530.670.010.66-0.710.30.660.390.05
0.030.390.53-0.050.23-0.63-0.22-0.290.520.40.47-0.290.730.52-0.15-0.570.30.110.010.120.37-0.350.12-0.180.12
-0.390.780.74-0.420.56-0.5-0.52-0.220.220.030.090.060.250.88-0.16-0.530.3-0.45-0.26-0.460.92-0.1-0.43-0.38-0.14
0.89-0.49-0.480.84-0.510.550.480.41-0.280.240.210.270.08-0.540.340.670.11-0.450.181.0-0.61-0.11.00.330.38
0.02-0.35-0.29-0.04-0.230.420.23-0.12-0.47-0.43-0.45-0.37-0.52-0.33-0.280.010.01-0.260.180.18-0.220.190.180.040.02
0.89-0.49-0.470.84-0.520.530.480.41-0.270.250.210.270.09-0.530.340.660.12-0.461.00.18-0.61-0.11.00.330.38
-0.520.690.69-0.540.61-0.66-0.54-0.330.270.00.08-0.10.290.85-0.27-0.710.370.92-0.61-0.22-0.61-0.13-0.59-0.62-0.18
0.13-0.060.060.18-0.430.130.440.44-0.190.160.080.34-0.24-0.030.440.3-0.35-0.1-0.10.19-0.1-0.13-0.10.05-0.1
0.89-0.47-0.470.84-0.510.530.470.41-0.270.250.210.280.09-0.520.340.660.12-0.431.00.181.0-0.59-0.10.320.38
0.18-0.16-0.170.19-0.30.420.190.130.00.0-0.070.07-0.15-0.280.140.39-0.18-0.380.330.040.33-0.620.050.320.12
0.19-0.21-0.20.140.320.23-0.35-0.320.46-0.11-0.1-0.220.02-0.2-0.190.050.12-0.140.380.020.38-0.18-0.10.380.12
Click cells to compare fundamentals

Minco Silver Account Relationship Matchups

Minco Silver fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets46.3M47.1M48.8M52.5M45.7M66.1M
Other Current Liab465.2K725.5K2.3M1.7M1.2M815.4K
Total Current Liabilities869.7K1.3M2.6M2.2M1.7M1.1M
Total Stockholder Equity46.2M47.0M46.5M49.5M43.7M62.0M
Net Debt(12.3M)(15.2M)(4.3M)(6.5M)(7.0M)(7.3M)
Retained Earnings(90.5M)(91.7M)(93.2M)(90.1M)(94.1M)(89.4M)
Cash12.6M15.4M5.0M7.5M7.8M12.1M
Cash And Short Term Investments31.5M32.9M33.1M42.5M35.6M38.9M
Net Receivables14.0M10.0M13.3M8.0M8.2M4.5M
Common Stock Shares Outstanding60.7M60.7M60.9M61.0M70.2M54.2M
Short Term Investments18.8M17.4M28.1M35.0M27.8M26.8M
Liabilities And Stockholders Equity46.3M47.1M48.8M52.5M45.7M66.1M
Other Stockholder Equity27.2M27.6M27.7M28.0M28.4M23.9M
Total Liab1.3M1.4M3.6M4.3M3.4M1.8M
Total Current Assets45.9M43.2M46.8M50.8M44.1M43.9M
Short Term Debt152.5K140.2K172.6K213.9K224.2K213.0K
Property Plant And Equipment Net438.0K661.4K1.2M1.3M926.1K879.8K
Accounts Payable252.0K409.1K215.6K210.5K234.5K379.4K
Non Current Assets Total438.0K4.0M2.0M1.7M1.7M1.6M
Non Current Liabilities Total410.3K109.6K967.7K2.1M1.7M1.8M
Other Current Assets378.7K270.6K356.0K348.0K283.5K399.7K
Property Plant And Equipment Gross438.0K661.4K2.7M2.9M2.6M2.5M
Accumulated Other Comprehensive Income1.9M3.3M4.1M3.7M1.5M1.4M
Net Tangible Assets46.2M47.0M46.5M49.5M44.5M62.5M
Property Plant Equipment438.0K661.4K1.2M1.3M1.1M1.1M
Capital Surpluse27.2M27.6M27.7M28.0M32.2M28.7M
Long Term Debt Total214.1K45.6K567.0K780.6K897.7K942.5K
Net Invested Capital46.2M47.0M46.5M49.5M43.7M49.2M
Net Working Capital45.0M41.9M44.2M48.6M42.4M36.2M

Pair Trading with Minco Silver

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 Minco Silver 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 Minco Silver will appreciate offsetting losses from the drop in the long position's value.

Moving against Minco Stock

  0.47INFM Infinico Metals CorpPairCorr
  0.34ORE Orezone Gold CorpPairCorr
The ability to find closely correlated positions to Minco Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Minco Silver 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 Minco Silver - 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 Minco Silver to buy it.
The correlation of Minco Silver 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 Minco Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minco Silver 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 Minco Silver 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 Minco Stock

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