ManpowerGroup Interest Income vs Total Operating Expenses Analysis

MAN Stock  USD 61.90  0.42  0.67%   
ManpowerGroup financial indicator trend analysis is infinitely more than just investigating ManpowerGroup recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ManpowerGroup is a good investment. Please check the relationship between ManpowerGroup Interest Income and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.

Interest Income vs Total Operating Expenses

Interest Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ManpowerGroup Interest Income account and Total Operating Expenses. At this time, the significance of the direction appears to have no relationship.
The correlation between ManpowerGroup's Interest Income and Total Operating Expenses is 0.03. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of ManpowerGroup, assuming nothing else is changed. The correlation between historical values of ManpowerGroup's Interest Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of ManpowerGroup are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Interest Income i.e., ManpowerGroup's Interest Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from ManpowerGroup's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ManpowerGroup 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 ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.At this time, ManpowerGroup's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, while Selling General Administrative is likely to drop about 2.7 B.
 2021 2022 2023 2024 (projected)
Interest Expense38.8M46.9M49.9M78.9M
Depreciation And Amortization73.4M84.6M88.6M89.3M

ManpowerGroup fundamental ratios Correlations

0.790.270.970.820.440.090.790.810.710.950.80.710.98-0.480.780.46-0.530.970.990.180.310.30.860.850.73
0.79-0.240.810.320.760.450.820.820.620.840.610.620.71-0.830.920.31-0.820.90.730.10.430.610.750.750.78
0.27-0.240.160.7-0.46-0.44-0.08-0.10.130.050.330.130.40.59-0.140.340.470.070.370.1-0.46-0.50.170.17-0.03
0.970.810.160.720.470.190.770.820.620.960.730.620.95-0.540.720.43-0.570.970.940.370.460.350.820.810.69
0.820.320.70.720.04-0.290.470.480.580.660.650.580.870.050.40.53-0.050.670.860.090.01-0.070.640.640.37
0.440.76-0.460.470.040.550.750.760.490.50.160.490.33-0.830.670.39-0.850.570.4-0.030.540.930.50.510.47
0.090.45-0.440.19-0.290.550.550.55-0.30.280.08-0.30.07-0.720.29-0.11-0.760.23-0.010.160.650.720.380.380.24
0.790.82-0.080.770.470.750.550.990.530.820.680.530.75-0.80.830.32-0.90.840.750.00.490.720.850.860.75
0.810.82-0.10.820.480.760.550.990.530.840.650.530.77-0.80.780.33-0.890.860.760.140.570.730.830.830.73
0.710.620.130.620.580.49-0.30.530.530.550.541.00.64-0.290.710.52-0.330.690.76-0.09-0.10.230.490.490.63
0.950.840.050.960.660.50.280.820.840.550.730.550.91-0.630.790.3-0.640.970.880.190.530.410.880.880.72
0.80.610.330.730.650.160.080.680.650.540.730.540.83-0.380.710.1-0.450.770.810.06-0.060.030.680.680.84
0.710.620.130.620.580.49-0.30.530.531.00.550.540.64-0.290.710.52-0.330.690.76-0.09-0.10.230.490.490.63
0.980.710.40.950.870.330.070.750.770.640.910.830.64-0.390.710.46-0.450.930.980.210.250.20.830.830.67
-0.48-0.830.59-0.540.05-0.83-0.72-0.8-0.8-0.29-0.63-0.38-0.29-0.39-0.75-0.010.96-0.65-0.390.01-0.59-0.81-0.57-0.57-0.65
0.780.92-0.140.720.40.670.290.830.780.710.790.710.710.71-0.750.25-0.760.860.75-0.240.20.50.760.760.85
0.460.310.340.430.530.39-0.110.320.330.520.30.10.520.46-0.010.25-0.110.40.530.080.120.290.390.40.01
-0.53-0.820.47-0.57-0.05-0.85-0.76-0.9-0.89-0.33-0.64-0.45-0.33-0.450.96-0.76-0.11-0.67-0.450.01-0.58-0.85-0.66-0.66-0.67
0.970.90.070.970.670.570.230.840.860.690.970.770.690.93-0.650.860.4-0.670.940.190.40.420.850.850.79
0.990.730.370.940.860.4-0.010.750.760.760.880.810.760.98-0.390.750.53-0.450.940.160.190.230.810.810.7
0.180.10.10.370.09-0.030.160.00.14-0.090.190.06-0.090.210.01-0.240.080.010.190.160.37-0.020.010.010.03
0.310.43-0.460.460.010.540.650.490.57-0.10.53-0.06-0.10.25-0.590.20.12-0.580.40.190.370.670.440.440.07
0.30.61-0.50.35-0.070.930.720.720.730.230.410.030.230.2-0.810.50.29-0.850.420.23-0.020.670.520.530.33
0.860.750.170.820.640.50.380.850.830.490.880.680.490.83-0.570.760.39-0.660.850.810.010.440.521.00.7
0.850.750.170.810.640.510.380.860.830.490.880.680.490.83-0.570.760.4-0.660.850.810.010.440.531.00.7
0.730.78-0.030.690.370.470.240.750.730.630.720.840.630.67-0.650.850.01-0.670.790.70.030.070.330.70.7
Click cells to compare fundamentals

ManpowerGroup Account Relationship Matchups

ManpowerGroup fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.2B9.3B9.8B9.1B8.8B5.9B
Short Long Term Debt Total1.4B1.4B1.4B1.3B1.4B784.3M
Other Current Liab1.9B833.9M884.1M738.8M835.9M1.1B
Total Current Liabilities4.4B4.7B5.8B4.9B4.8B2.9B
Total Stockholder Equity2.7B2.4B2.5B2.4B2.2B1.9B
Property Plant And Equipment Net591.8M553.8M490.2M477.9M543.9M571.1M
Net Debt384.3M(119.9M)546.3M614.1M844.7M886.9M
Retained Earnings3.5B3.4B3.6B3.9B3.8B4.0B
Accounts Payable2.5B2.5B3.0B2.8B2.7B2.9B
Cash1.0B1.6B847.8M639M581.3M553.7M
Non Current Assets Total2.7B2.7B3.4B3.2B3.3B1.7B
Non Currrent Assets Other618.8M651.6M610.2M540.5M460.9M392.3M
Cash And Short Term Investments1.0B1.6B847.8M639M581.3M553.7M
Net Receivables5.3B4.9B5.4B5.1B4.8B3.4B
Common Stock Shares Outstanding60.3M58.3M55.4M52.8M50.4M60.6M
Liabilities And Stockholders Equity9.2B9.3B9.8B9.1B8.8B5.9B
Non Current Liabilities Total2.0B2.2B1.5B1.8B1.8B1.1B
Other Current Assets185.6M186.9M126.7M158M160.8M158.8M
Other Stockholder Equity(311.3M)(551.7M)(724.7M)(963.7M)(1.1B)(1.1B)
Total Liab6.5B6.9B7.3B6.7B6.6B4.0B
Total Current Assets6.5B6.7B6.4B5.9B5.6B4.2B
Short Term Debt61M20.4M552.6M132.1M112.3M121.9M
Intangible Assets268.6M248.6M583.6M549.5M564.3M434.8M
Property Plant And Equipment Gross591.8M535.8M594.9M584.9M940.5M987.5M
Accumulated Other Comprehensive Income(441M)(397.3M)(389.4M)(458.7M)(466M)(442.7M)
Other Liab671.8M781.2M675.2M534.1M614.2M512.4M
Other Assets513.5M1.1B610.2M540.5M621.6M465.3M
Long Term Debt1.0B1.1B565.7M959.9M990.5M794.6M
Treasury Stock(3.7B)(4.0B)(4.2B)(4.4B)(4.0B)(3.8B)
Property Plant Equipment143.3M135.1M490.2M477.9M549.6M577.1M
Current Deferred Revenue44.5M34.9M34.8M35.6M31.9M30.3M
Good Will1.3B1.2B1.7B1.6B1.6B1.2B
Net Tangible Assets2.7B2.4B215.9M2.4B2.2B1.6B
Noncontrolling Interest In Consolidated Entity18.5M12.6M10M10.8M12.4M11.8M
Retained Earnings Total Equity3.5B3.4B3.6B3.9B4.4B2.6B
Long Term Debt Total1.0B1.1B565.7M959.9M1.1B765.3M

Pair Trading with ManpowerGroup

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

Moving together with ManpowerGroup Stock

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Moving against ManpowerGroup Stock

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The ability to find closely correlated positions to ManpowerGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ManpowerGroup 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 ManpowerGroup - 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 ManpowerGroup to buy it.
The correlation of ManpowerGroup 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 ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup 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 ManpowerGroup 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
When determining whether ManpowerGroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ManpowerGroup's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manpowergroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manpowergroup Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ManpowerGroup. If investors know ManpowerGroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ManpowerGroup listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.22)
Dividend Share
3.01
Earnings Share
0.87
Revenue Per Share
375.591
Quarterly Revenue Growth
(0.03)
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup'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.