Minco Total Liab 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 Liab 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 Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minco Silver Total Liab account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Minco Silver's Total Liab and Cash is -0.43. Overlapping area represents the amount of variation of Total Liab 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 Liab 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 Liab 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 Liab i.e., Minco Silver's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 Income | 1.4M | 1.4M | Non Recurring | 179.7K | 164.0K |
Minco Silver fundamental ratios Correlations
Click cells to compare fundamentals
Minco Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Minco Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 46.3M | 47.1M | 48.8M | 52.5M | 45.7M | 66.1M | |
Other Current Liab | 465.2K | 725.5K | 2.3M | 1.7M | 1.2M | 815.4K | |
Total Current Liabilities | 869.7K | 1.3M | 2.6M | 2.2M | 1.7M | 1.1M | |
Total Stockholder Equity | 46.2M | 47.0M | 46.5M | 49.5M | 43.7M | 62.0M | |
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) | |
Cash | 12.6M | 15.4M | 5.0M | 7.5M | 7.8M | 12.1M | |
Cash And Short Term Investments | 31.5M | 32.9M | 33.1M | 42.5M | 35.6M | 38.9M | |
Net Receivables | 14.0M | 10.0M | 13.3M | 8.0M | 8.2M | 4.5M | |
Common Stock Shares Outstanding | 60.7M | 60.7M | 60.9M | 61.0M | 70.2M | 54.2M | |
Short Term Investments | 18.8M | 17.4M | 28.1M | 35.0M | 27.8M | 26.8M | |
Liabilities And Stockholders Equity | 46.3M | 47.1M | 48.8M | 52.5M | 45.7M | 66.1M | |
Other Stockholder Equity | 27.2M | 27.6M | 27.7M | 28.0M | 28.4M | 23.9M | |
Total Liab | 1.3M | 1.4M | 3.6M | 4.3M | 3.4M | 1.8M | |
Total Current Assets | 45.9M | 43.2M | 46.8M | 50.8M | 44.1M | 43.9M | |
Short Term Debt | 152.5K | 140.2K | 172.6K | 213.9K | 224.2K | 213.0K | |
Property Plant And Equipment Net | 438.0K | 661.4K | 1.2M | 1.3M | 926.1K | 879.8K | |
Accounts Payable | 252.0K | 409.1K | 215.6K | 210.5K | 234.5K | 379.4K | |
Non Current Assets Total | 438.0K | 4.0M | 2.0M | 1.7M | 1.7M | 1.6M | |
Non Current Liabilities Total | 410.3K | 109.6K | 967.7K | 2.1M | 1.7M | 1.8M | |
Other Current Assets | 378.7K | 270.6K | 356.0K | 348.0K | 283.5K | 399.7K | |
Property Plant And Equipment Gross | 438.0K | 661.4K | 2.7M | 2.9M | 2.6M | 2.5M | |
Accumulated Other Comprehensive Income | 1.9M | 3.3M | 4.1M | 3.7M | 1.5M | 1.4M | |
Net Tangible Assets | 46.2M | 47.0M | 46.5M | 49.5M | 44.5M | 62.5M | |
Property Plant Equipment | 438.0K | 661.4K | 1.2M | 1.3M | 1.1M | 1.1M | |
Capital Surpluse | 27.2M | 27.6M | 27.7M | 28.0M | 32.2M | 28.7M | |
Long Term Debt Total | 214.1K | 45.6K | 567.0K | 780.6K | 897.7K | 942.5K | |
Net Invested Capital | 46.2M | 47.0M | 46.5M | 49.5M | 43.7M | 49.2M | |
Net Working Capital | 45.0M | 41.9M | 44.2M | 48.6M | 42.4M | 36.2M |
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
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.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.