Mindax financial indicator trend analysis is infinitely more than just investigating Mindax Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindax Limited is a good investment. Please check the relationship between Mindax Interest Income and its Depreciation And Amortization accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindax Limited. 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.
Interest Income vs Depreciation And Amortization
Interest Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mindax Limited Interest Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mindax's Interest Income and Depreciation And Amortization is 0.92. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Mindax Limited, assuming nothing else is changed. The correlation between historical values of Mindax's Interest Income and Depreciation And Amortization 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 Mindax Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Interest Income i.e., Mindax's Interest Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Mindax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindax Limited 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 Mindax Limited. 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.
Selling General Administrative is likely to drop to about 1
M in 2024.
Tax Provision is likely to gain to about (155.2
K) in 2024
| 2022 | 2023 | 2024 (projected) |
Depreciation And Amortization | 11.5K | 64.3K | 67.5K | Total Revenue | 2.0 | 3.0K | 2.8K |
Mindax fundamental ratios Correlations
Click cells to compare fundamentals
Mindax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mindax fundamental ratios Accounts
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Additional Tools for Mindax Stock Analysis
When running Mindax's price analysis, check to
measure Mindax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mindax is operating at the current time. Most of Mindax's value examination focuses on studying past and present price action to
predict the probability of Mindax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mindax's price. Additionally, you may evaluate how the addition of Mindax to your portfolios can decrease your overall portfolio volatility.