Maxim Sale Purchase Of Stock vs Change To Operating Activities Analysis
MXG Stock | CAD 5.16 0.01 0.19% |
Maxim Power financial indicator trend analysis is infinitely more than just investigating Maxim Power Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maxim Power Corp is a good investment. Please check the relationship between Maxim Power Sale Purchase Of Stock and its Change To Operating Activities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maxim Power Corp. 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.
Sale Purchase Of Stock vs Change To Operating Activities
Sale Purchase Of Stock vs Change To Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maxim Power Corp Sale Purchase Of Stock account and Change To Operating Activities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Maxim Power's Sale Purchase Of Stock and Change To Operating Activities is -0.22. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Maxim Power Corp, assuming nothing else is changed. The correlation between historical values of Maxim Power's Sale Purchase Of Stock and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of Maxim Power Corp are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Sale Purchase Of Stock i.e., Maxim Power's Sale Purchase Of Stock and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Sale Purchase Of Stock
Change To Operating Activities
Most indicators from Maxim Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maxim Power Corp 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 Maxim Power Corp. 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. At this time, Maxim Power's Discontinued Operations is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.23, while Selling General Administrative is likely to drop about 5 M.
Maxim Power fundamental ratios Correlations
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Maxim Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maxim Power fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 225.3M | 239.3M | 312.4M | 382.1M | 425.8M | 253.7M | |
Other Current Liab | 14.7M | 10.7M | 11.4M | 5.9M | 18.4M | 9.9M | |
Total Current Liabilities | 24.2M | 15.1M | 19.7M | 16.3M | 26.5M | 29.1M | |
Total Stockholder Equity | 139.2M | 147.9M | 227.2M | 268.7M | 297.7M | 162.6M | |
Property Plant And Equipment Net | 170.3M | 183.9M | 260.6M | 296.5M | 313.5M | 165.6M | |
Net Debt | 28.2M | 54.7M | 40.3M | 31.4M | 49.1M | 31.7M | |
Retained Earnings | (17.7M) | (8.1M) | 70.4M | 112.4M | 140.6M | 147.6M | |
Accounts Payable | 6.8M | 2.7M | 8.3M | 4.1M | 3.3M | 3.2M | |
Cash | 20.9M | 12.3M | 13.6M | 51.4M | 32.3M | 16.7M | |
Non Current Assets Total | 199.3M | 218.7M | 276.2M | 311.5M | 333.5M | 202.1M | |
Non Currrent Assets Other | 15.6M | 15.0M | 15.4M | 2.6M | 3.5M | 3.4M | |
Cash And Short Term Investments | 20.9M | 12.3M | 13.6M | 51.4M | 32.3M | 20.5M | |
Net Receivables | 4.1M | 7.0M | 20.8M | 15.1M | 52.6M | 55.2M | |
Common Stock Shares Outstanding | 52.2M | 50.2M | 63.8M | 63.9M | 64.1M | 44.4M | |
Liabilities And Stockholders Equity | 225.3M | 239.3M | 312.4M | 382.1M | 425.8M | 253.7M | |
Other Current Assets | 1.0M | 1.4M | 1.6M | 4.1M | 7.5M | 7.3M | |
Other Stockholder Equity | 12.2M | 12.4M | 12.7M | 12.8M | 13.2M | 7.0M | |
Total Liab | 86.0M | 91.4M | 85.3M | 113.5M | 128.1M | 90.3M | |
Property Plant And Equipment Gross | 170.3M | 183.9M | 345.2M | 389.4M | 416.0M | 221.9M | |
Total Current Assets | 26.0M | 20.6M | 36.3M | 70.6M | 92.3M | 51.6M | |
Common Stock | 144.8M | 143.6M | 144.1M | 143.5M | 144.0M | 118.7M | |
Short Term Debt | 2.7M | 1.7M | 13K | 1.5M | 4.8M | 7.9M | |
Non Current Liabilities Total | 61.8M | 76.3M | 65.6M | 97.2M | 101.6M | 67.1M | |
Other Liab | 15.4M | 11.0M | 11.7M | 15.9M | 14.3M | 16.7M | |
Net Tangible Assets | 139.2M | 147.9M | 227.2M | 268.7M | 309.0M | 208.0M | |
Other Assets | 28.9M | 34.8M | 15.6M | 14.9M | 13.5M | 21.0M | |
Property Plant Equipment | 170.3M | 183.9M | 260.6M | 296.5M | 341.0M | 201.0M | |
Long Term Debt Total | 46.4M | 65.3M | 53.9M | 81.3M | 93.5M | 98.2M | |
Capital Surpluse | 12.2M | 12.4M | 12.7M | 12.8M | 14.8M | 13.1M | |
Cash And Equivalents | 20.9M | 12.3M | 13.6M | 51.4M | 59.1M | 62.0M |
Pair Trading with Maxim Power
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 Maxim Power 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 Maxim Power will appreciate offsetting losses from the drop in the long position's value.Moving against Maxim Stock
The ability to find closely correlated positions to Maxim Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maxim Power 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 Maxim Power - 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 Maxim Power Corp to buy it.
The correlation of Maxim Power 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 Maxim Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maxim Power Corp 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 Maxim Power 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 Maxim Stock
Balance Sheet is a snapshot of the financial position of Maxim Power Corp at a specified time, usually calculated after every quarter, six months, or one year. Maxim Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Maxim Power 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 Maxim currently owns. An asset can also be divided into two categories, current and non-current.