Mccoy Free Cash Flow Yield vs Price To Sales Ratio Analysis

MCB Stock  CAD 2.88  0.07  2.49%   
Mccoy Global financial indicator trend analysis is infinitely more than just investigating Mccoy Global recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mccoy Global is a good investment. Please check the relationship between Mccoy Global Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mccoy Global. 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.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mccoy Global Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mccoy Global's Free Cash Flow Yield and Price To Sales Ratio is -0.36. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Mccoy Global, assuming nothing else is changed. The correlation between historical values of Mccoy Global's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Mccoy Global are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Mccoy Global's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Mccoy Global stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Mccoy Global sales, a figure that is much harder to manipulate than other Mccoy Global multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Mccoy Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mccoy Global 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 Mccoy Global. 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, Mccoy Global's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 585.9 K, while Discontinued Operations is likely to drop about 5.8 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses3.8M11.2M15.1M17.2M
Cost Of Revenue23.7M36.7M46.9M44.6M

Mccoy Global fundamental ratios Correlations

-0.30.690.760.960.78-0.80.810.430.840.840.42-0.110.850.42-0.120.650.450.970.340.010.870.780.780.370.57
-0.3-0.21-0.22-0.38-0.010.54-0.41-0.140.08-0.350.020.74-0.45-0.26-0.130.060.08-0.45-0.2-0.640.04-0.29-0.290.05-0.17
0.69-0.210.690.630.47-0.290.58-0.030.540.510.25-0.230.640.73-0.060.540.280.680.58-0.120.650.190.190.170.68
0.76-0.220.690.580.7-0.390.650.680.760.780.140.080.490.5-0.070.940.460.680.420.010.780.420.420.110.66
0.96-0.380.630.580.65-0.880.770.250.70.740.48-0.280.910.39-0.160.420.350.980.320.070.750.820.820.380.49
0.78-0.010.470.70.65-0.470.690.540.920.70.160.340.530.16-0.110.760.470.630.02-0.40.820.550.550.240.16
-0.80.54-0.29-0.39-0.88-0.47-0.63-0.33-0.49-0.7-0.440.36-0.77-0.130.07-0.22-0.24-0.87-0.14-0.32-0.5-0.93-0.93-0.4-0.29
0.81-0.410.580.650.770.69-0.630.350.650.77-0.17-0.110.730.38-0.180.550.220.790.440.10.690.580.58-0.160.32
0.43-0.14-0.030.680.250.54-0.330.350.570.590.020.360.1-0.020.010.750.40.32-0.080.130.480.450.450.060.24
0.840.080.540.760.70.92-0.490.650.570.70.310.350.510.26-0.040.810.630.670.18-0.320.960.580.580.340.45
0.84-0.350.510.780.740.7-0.70.770.590.70.13-0.010.690.13-0.080.70.330.810.370.130.680.710.710.190.46
0.420.020.250.140.480.16-0.44-0.170.020.310.13-0.160.350.14-0.020.070.340.42-0.08-0.130.320.470.470.80.38
-0.110.74-0.230.08-0.280.340.36-0.110.360.35-0.01-0.16-0.38-0.38-0.120.430.27-0.32-0.35-0.670.24-0.08-0.08-0.11-0.25
0.85-0.450.640.490.910.53-0.770.730.10.510.690.35-0.380.3-0.030.310.220.920.260.110.530.660.660.280.4
0.42-0.260.730.50.390.16-0.130.38-0.020.260.130.14-0.380.3-0.170.32-0.010.450.570.180.45-0.05-0.050.060.65
-0.12-0.13-0.06-0.07-0.16-0.110.07-0.180.01-0.04-0.08-0.02-0.12-0.03-0.17-0.10.27-0.14-0.250.34-0.11-0.2-0.20.380.12
0.650.060.540.940.420.76-0.220.550.750.810.70.070.430.310.32-0.10.510.50.25-0.230.790.350.350.060.51
0.450.080.280.460.350.47-0.240.220.40.630.330.340.270.22-0.010.270.510.3-0.17-0.270.610.370.370.290.32
0.97-0.450.680.680.980.63-0.870.790.320.670.810.42-0.320.920.45-0.140.50.30.380.160.720.790.790.340.56
0.34-0.20.580.420.320.02-0.140.44-0.080.180.37-0.08-0.350.260.57-0.250.25-0.170.380.280.360.040.04-0.180.69
0.01-0.64-0.120.010.07-0.4-0.320.10.13-0.320.13-0.13-0.670.110.180.34-0.23-0.270.160.28-0.240.110.110.020.32
0.870.040.650.780.750.82-0.50.690.480.960.680.320.240.530.45-0.110.790.610.720.36-0.240.560.560.30.6
0.78-0.290.190.420.820.55-0.930.580.450.580.710.47-0.080.66-0.05-0.20.350.370.790.040.110.561.00.350.21
0.78-0.290.190.420.820.55-0.930.580.450.580.710.47-0.080.66-0.05-0.20.350.370.790.040.110.561.00.350.21
0.370.050.170.110.380.24-0.4-0.160.060.340.190.8-0.110.280.060.380.060.290.34-0.180.020.30.350.350.33
0.57-0.170.680.660.490.16-0.290.320.240.450.460.38-0.250.40.650.120.510.320.560.690.320.60.210.210.33
Click cells to compare fundamentals

Mccoy Global Account Relationship Matchups

Mccoy Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.6M52.7M55.1M77.8M77.2M75.1M
Short Long Term Debt Total11.5M11.3M7.8M10.1M4.3M7.5M
Other Current Liab6.1M3.5M3.8M7.4M10.1M5.9M
Total Current Liabilities13.9M7.4M8.4M19.4M20.1M14.2M
Total Stockholder Equity37.9M35.5M40.0M51.7M54.0M47.8M
Property Plant And Equipment Net9.8M10.5M10.1M7.3M9.3M13.9M
Net Debt3.1M(804K)(3.3M)(11.4M)(11.4M)(10.8M)
Retained Earnings(34.7M)(36.9M)(32.8M)(24.1M)(18.4M)(17.4M)
Accounts Payable4.2M2.3M3.5M8.6M8.6M6.9M
Non Current Assets Total18.3M19.8M20.7M19.3M19.5M24.4M
Net Receivables8.8M3.6M6.0M13.0M10.4M12.9M
Common Stock Shares Outstanding27.9M27.7M28.4M28.7M28.6M24.8M
Liabilities And Stockholders Equity59.6M52.7M55.1M77.8M79.1M75.1M
Non Current Liabilities Total7.9M9.7M6.7M6.7M3.2M5.5M
Inventory23.0M15.9M15.5M22.0M30.6M23.7M
Other Current Assets1.2M1.2M1.8M2.0M1.0M970.9K
Other Stockholder Equity5.4M5.6M5.7M5.8M46.3M48.6M
Total Liab21.8M17.2M15.1M26.1M23.3M19.8M
Property Plant And Equipment Gross9.8M10.5M25.5M23.7M26.5M15.9M
Total Current Assets41.4M32.9M34.4M58.5M57.7M50.7M
Accumulated Other Comprehensive Income7.6M7.1M7.2M9.9M8.7M9.1M
Short Term Debt3.6M1.6M1.1M3.4M1.1M1.0M
Non Currrent Assets Other(17.9M)(19.8M)(20.7M)39K5.3M5.6M
Intangible Assets4.6M5.8M7.1M7.2M5.3M6.7M
Cash8.4M12.1M11.1M21.5M15.7M12.4M
Cash And Short Term Investments8.4M12.1M11.1M21.5M15.7M12.4M
Current Deferred Revenue3.1M1.2M1.8M4.6M4.3M2.8M
Common Stock59.6M59.7M60.0M60.1M17.4M16.5M
Net Tangible Assets29.7M26.2M29.5M40.8M36.8M40.8M
Other Assets476K319K39K1.1M973.8K650.7K
Short Long Term Debt2.5M1.2M504K2.3M2.6M1.9M
Property Plant Equipment9.8M10.5M10.1M7.3M6.6M8.7M
Capital Surpluse5.4M5.6M5.7M5.8M6.6M5.7M
Long Term Debt Total7.8M9.7M6.7M6.7M7.7M5.4M
Cash And Equivalents8.4M12.1M11.1M21.5M19.3M11.6M
Net Invested Capital46.0M42.8M44.2M56.2M54.0M52.6M
Net Working Capital27.5M25.4M26.1M39.1M37.7M35.0M

Pair Trading with Mccoy Global

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

Moving together with Mccoy Stock

  0.7ENB-PFV Enbridge Pref 5PairCorr

Moving against Mccoy Stock

  0.58VZ Verizon CommunicationsPairCorr
  0.38SAGE Sage Potash CorpPairCorr
  0.35MSFT Microsoft Corp CDRPairCorr
The ability to find closely correlated positions to Mccoy Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mccoy Global 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 Mccoy Global - 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 Mccoy Global to buy it.
The correlation of Mccoy Global 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 Mccoy Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mccoy Global 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 Mccoy Global 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 Mccoy Stock

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