MAG Other Liab vs Common Stock Total Equity Analysis

MAG Stock

CAD 21.60 0.04 0.19%

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

Other Liab vs Common Stock Total Equity

Other Liab vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MAG Silver Corp Other Liab account and Common Stock Total Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MAG Silver's Other Liab and Common Stock Total Equity is -0.38. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of MAG Silver Corp, assuming nothing else is changed. The correlation between historical values of MAG Silver's Other Liab and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of MAG Silver Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Liab i.e., MAG Silver's Other Liab and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Liab

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from MAG Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MAG Silver 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 MAG Silver 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, MAG Silver's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 1.4 B, while Selling General Administrative is likely to drop about 8 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	174K	630K	2.5M	1.3M
Interest Income	15.9M	41.0M	2.6M	2.5M

Net Interest Income Interest Income

MAG Silver fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Net Receivables	Inventory	Other Current Assets	Property Plant And Equipment Gross	Intangible Assets	Short Term Debt	Non Current Liabilities Total	Other Liab
Total Assets		0.47	0.85	1.0	-0.22	-0.51	0.16	0.96	-0.13	0.12	0.94	0.67	-0.35	0.86	0.13	0.82	0.14	0.8	0.58	0.92	0.92	0.15	0.34	-0.12	0.74	-0.25
Other Current Liab	0.47		0.8	0.47	0.13	0.27	-0.2	0.52	-0.24	-0.22	0.29	0.01	0.15	0.69	-0.21	0.08	0.54	0.69	0.33	0.6	0.63	0.54	0.09	-0.14	0.56	0.01
Total Current Liabilities	0.85	0.8		0.85	0.01	-0.09	-0.08	0.88	-0.21	-0.12	0.69	0.37	-0.1	0.88	-0.11	0.5	0.43	0.93	0.48	0.93	0.94	0.43	0.22	-0.17	0.77	-0.16
Total Stockholder Equity	1.0	0.47	0.85		-0.22	-0.51	0.17	0.96	-0.12	0.12	0.94	0.68	-0.35	0.85	0.14	0.82	0.14	0.8	0.58	0.92	0.92	0.14	0.34	-0.12	0.73	-0.25
Net Debt	-0.22	0.13	0.01	-0.22		0.68	-0.99	0.05	-0.28	-0.94	-0.45	-0.5	0.3	-0.07	-0.94	-0.41	0.41	0.04	0.17	-0.01	-0.01	0.41	-0.41	-0.1	0.0	0.52
Retained Earnings	-0.51	0.27	-0.09	-0.51	0.68		-0.68	-0.31	-0.41	-0.69	-0.76	-0.85	0.42	-0.19	-0.7	-0.8	0.46	-0.16	-0.18	-0.21	-0.2	0.46	-0.56	-0.2	-0.06	0.5
Cash	0.16	-0.2	-0.08	0.17	-0.99	-0.68		-0.11	0.29	0.95	0.41	0.51	-0.28	0.0	0.95	0.41	-0.44	-0.09	-0.18	-0.06	-0.05	-0.44	0.44	0.1	-0.06	-0.5
Non Current Assets Total	0.96	0.52	0.88	0.96	0.05	-0.31	-0.11		-0.21	-0.17	0.83	0.54	-0.27	0.87	-0.15	0.71	0.28	0.83	0.63	0.94	0.94	0.29	0.23	-0.24	0.77	-0.06
Non Currrent Assets Other	-0.13	-0.24	-0.21	-0.12	-0.28	-0.41	0.29	-0.21		0.3	0.08	0.21	-0.15	-0.18	0.29	0.1	-0.41	-0.19	-0.42	-0.23	-0.24	-0.41	0.14	0.1	-0.22	-0.35
Cash And Short Term Investments	0.12	-0.22	-0.12	0.12	-0.94	-0.69	0.95	-0.17	0.3		0.37	0.48	-0.28	-0.07	1.0	0.38	-0.5	-0.14	-0.17	-0.09	-0.09	-0.51	0.42	0.41	-0.15	-0.63
Common Stock Total Equity	0.94	0.29	0.69	0.94	-0.45	-0.76	0.41	0.83	0.08	0.37		0.83	-0.4	0.72	0.39	0.91	-0.07	0.67	0.49	0.76	0.77	-0.06	0.48	-0.02	0.58	-0.38
Common Stock Shares Outstanding	0.67	0.01	0.37	0.68	-0.5	-0.85	0.51	0.54	0.21	0.48	0.83		-0.22	0.41	0.5	0.94	-0.06	0.48	0.47	0.43	0.43	-0.06	0.83	0.06	0.3	-0.33
Other Stockholder Equity	-0.35	0.15	-0.1	-0.35	0.3	0.42	-0.28	-0.27	-0.15	-0.28	-0.4	-0.22		-0.35	-0.28	-0.37	0.47	0.04	0.01	-0.33	-0.32	0.47	0.15	-0.06	-0.19	0.29
Total Liab	0.86	0.69	0.88	0.85	-0.07	-0.19	0.0	0.87	-0.18	-0.07	0.72	0.41	-0.35		-0.06	0.53	0.42	0.74	0.5	0.91	0.92	0.42	0.25	-0.25	0.93	0.03
Total Current Assets	0.13	-0.21	-0.11	0.14	-0.94	-0.7	0.95	-0.15	0.29	1.0	0.39	0.5	-0.28	-0.06		0.39	-0.5	-0.13	-0.16	-0.07	-0.08	-0.5	0.43	0.41	-0.14	-0.63
Common Stock	0.82	0.08	0.5	0.82	-0.41	-0.8	0.41	0.71	0.1	0.38	0.91	0.94	-0.37	0.53	0.39		-0.15	0.55	0.53	0.6	0.6	-0.15	0.61	0.0	0.39	-0.33
Property Plant And Equipment Net	0.14	0.54	0.43	0.14	0.41	0.46	-0.44	0.28	-0.41	-0.5	-0.07	-0.06	0.47	0.42	-0.5	-0.15		0.46	0.32	0.31	0.31	1.0	0.29	-0.33	0.54	0.51
Accounts Payable	0.8	0.69	0.93	0.8	0.04	-0.16	-0.09	0.83	-0.19	-0.14	0.67	0.48	0.04	0.74	-0.13	0.55	0.46		0.49	0.83	0.84	0.46	0.35	-0.2	0.6	-0.14
Net Receivables	0.58	0.33	0.48	0.58	0.17	-0.18	-0.18	0.63	-0.42	-0.17	0.49	0.47	0.01	0.5	-0.16	0.53	0.32	0.49		0.46	0.47	0.32	0.39	-0.04	0.44	0.06
Inventory	0.92	0.6	0.93	0.92	-0.01	-0.21	-0.06	0.94	-0.23	-0.09	0.76	0.43	-0.33	0.91	-0.07	0.6	0.31	0.83	0.46		0.99	0.32	0.17	-0.13	0.82	-0.16
Other Current Assets	0.92	0.63	0.94	0.92	-0.01	-0.2	-0.05	0.94	-0.24	-0.09	0.77	0.43	-0.32	0.92	-0.08	0.6	0.31	0.84	0.47	0.99		0.32	0.17	-0.17	0.81	-0.16
Property Plant And Equipment Gross	0.15	0.54	0.43	0.14	0.41	0.46	-0.44	0.29	-0.41	-0.51	-0.06	-0.06	0.47	0.42	-0.5	-0.15	1.0	0.46	0.32	0.32	0.32		0.29	-0.33	0.54	0.51
Intangible Assets	0.34	0.09	0.22	0.34	-0.41	-0.56	0.44	0.23	0.14	0.42	0.48	0.83	0.15	0.25	0.43	0.61	0.29	0.35	0.39	0.17	0.17	0.29		0.08	0.22	-0.15
Short Term Debt	-0.12	-0.14	-0.17	-0.12	-0.1	-0.2	0.1	-0.24	0.1	0.41	-0.02	0.06	-0.06	-0.25	0.41	0.0	-0.33	-0.2	-0.04	-0.13	-0.17	-0.33	0.08		-0.32	-0.55
Non Current Liabilities Total	0.74	0.56	0.77	0.73	0.0	-0.06	-0.06	0.77	-0.22	-0.15	0.58	0.3	-0.19	0.93	-0.14	0.39	0.54	0.6	0.44	0.82	0.81	0.54	0.22	-0.32		0.23
Other Liab	-0.25	0.01	-0.16	-0.25	0.52	0.5	-0.5	-0.06	-0.35	-0.63	-0.38	-0.33	0.29	0.03	-0.63	-0.33	0.51	-0.14	0.06	-0.16	-0.16	0.51	-0.15	-0.55	0.23

Click cells to compare fundamentals

MAG Silver Account Relationship Matchups

MAG Silver fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	218.8M	323.1M	372.4M	407.8M	520.5M	546.6M
Total Current Liabilities	854K	901K	1.6M	2.7M	4.8M	5.0M
Total Stockholder Equity	215.2M	316.7M	367.5M	401.7M	506.8M	532.1M
Net Debt	(71.8M)	(93.5M)	(56.4M)	(29.7M)	(68.6M)	(72.0M)
Retained Earnings	(201.5M)	(207.5M)	(196.4M)	(177.8M)	(129.2M)	(135.6M)
Cash	72.4M	94.0M	56.7M	30.0M	68.7M	54.2M
Non Current Assets Total	146.1M	227.7M	313.0M	375.9M	448.5M	470.9M
Non Currrent Assets Other	661K	86.7M	146.1M	909K	1.0M	993.1K
Cash And Short Term Investments	72.4M	94.0M	56.7M	30.0M	68.7M	57.0M
Common Stock Total Equity	392.6M	392.9M	400.0M	496.6M	571.1M	599.6M
Common Stock Shares Outstanding	86.1M	91.1M	95.5M	98.6M	102.6M	63.6M
Liabilities And Stockholders Equity	218.8M	323.1M	372.4M	407.8M	520.5M	546.6M
Other Stockholder Equity	18.0M	16.8M	27.5M	20.0M	1.0	0.95
Total Liab	3.6M	6.4M	4.9M	6.1M	13.8M	14.5M
Total Current Assets	72.7M	95.4M	59.4M	31.9M	72.1M	58.2M
Common Stock	400.0M	496.6M	543.9M	559.9M	614.4M	346.8M
Property Plant And Equipment Net	8.0M	13.1M	20.7M	37.6M	52.9M	55.6M
Accounts Payable	780K	808K	1.5M	2.5M	2.7M	2.8M
Net Receivables	83K	897K	2.1M	708K	1.6M	895.6K
Other Current Assets	269K	509K	526K	1.2M	1.8M	1.9M
Property Plant And Equipment Gross	8.0M	13.1M	21.7M	38.8M	52.9M	55.6M
Accumulated Other Comprehensive Income	16.8M	27.5M	20.0M	19.6M	21.5M	22.6M
Short Term Debt	74K	93K	110K	121K	154K	146.3K
Non Current Liabilities Total	2.7M	5.5M	3.2M	3.5M	9.0M	9.4M
Other Liab	2.2M	5.1M	3.0M	3.3M	3.0M	2.5M
Net Tangible Assets	215.2M	316.7M	367.5M	401.7M	462.0M	256.5M
Long Term Investments	138.1M	214.5M	292.3M	338.3M	394.6M	414.4M
Property Plant Equipment	8.0M	13.1M	20.7M	37.6M	33.8M	19.9M
Long Term Debt Total	467K	383K	275K	140K	161K	198.8K
Cash And Equivalents	0.0	94.0M	56.7M	30.0M	27.0M	53.6M
Net Invested Capital	215.2M	316.7M	367.5M	401.7M	506.8M	352.3M
Net Working Capital	71.9M	94.5M	57.8M	29.2M	67.3M	69.7M
Capital Stock	400.0M	496.6M	543.9M	559.9M	614.4M	551.4M

Pair Trading with MAG 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 MAG 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 MAG Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with MAG Stock

0.97	AG	First Majestic Silver	Pair Corr
0.89	IE	Ivanhoe Energy	Pair Corr
0.84	FDY	Faraday Copper Corp	Pair Corr

Moving against MAG Stock

0.5

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to MAG 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 MAG 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 MAG 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 MAG Silver Corp to buy it.

The correlation of MAG 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 MAG Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAG Silver 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 MAG 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 Correlation Correlation Matching

When determining whether MAG Silver Corp is a strong investment it is important to analyze MAG Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAG Silver's future performance. For an informed investment choice regarding MAG Stock, refer to the following important reports:

How To Invest In MAG

Details

Is MAG Stock a good investment?

Details

What is MAG Silver's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver 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.

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Please note, there is a significant difference between MAG Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAG Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAG Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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MAG Other Liab vs Common Stock Total Equity Analysis

Other Liab vs Common Stock Total Equity

Other Liab vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Other Liab

Common Stock Total Equity

MAG Silver fundamental ratios Correlations

MAG Silver Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MAG Silver fundamental ratios Accounts

Pair Trading with MAG Silver

Moving together with MAG Stock

Moving against MAG Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Inventory
Non Current Assets Total	+ 0.96	Total Assets
Non Current Assets Total	+ 0.96	Total Stockholder Equity

Cash	- 0.99	Net Debt
Total Current Assets	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Common Stock Shares Outstanding	- 0.85	Retained Earnings
Common Stock	- 0.8	Retained Earnings
Common Stock Total Equity	- 0.76	Retained Earnings