| MGA Stock | | | CAD 0.36 0.01 2.86% |
Mega Uranium financial indicator trend analysis is infinitely more than just investigating Mega Uranium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mega Uranium is a good investment. Please check the relationship between Mega Uranium Ev To Sales and its Days Sales Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mega Uranium. 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.
Ev To Sales vs Days Sales Outstanding
Ev To Sales vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mega Uranium Ev To Sales account and
Days Sales Outstanding. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Mega Uranium's Ev To Sales and Days Sales Outstanding is 0.1. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Mega Uranium, assuming nothing else is changed. The correlation between historical values of Mega Uranium's Ev To Sales and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Mega Uranium are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ev To Sales i.e., Mega Uranium's Ev To Sales and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Days Sales Outstanding
Most indicators from Mega Uranium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mega Uranium 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 Mega Uranium. 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, Mega Uranium's
Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024,
Sales General And Administrative To Revenue is likely to grow to 271.15, though
Tax Provision is likely to grow to (6.7
M).
Mega Uranium fundamental ratios Correlations
Click cells to compare fundamentals
Mega Uranium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mega Uranium fundamental ratios Accounts
Pair Trading with Mega Uranium
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 Mega Uranium 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 Mega Uranium will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Mega Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Uranium 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 Mega Uranium - 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 Mega Uranium to buy it.
The correlation of Mega Uranium 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 Mega Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Uranium 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 Mega Uranium 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 Mega Stock
Balance Sheet is a snapshot of the
financial position of Mega Uranium at a specified time, usually calculated after every quarter, six months, or one year. Mega Uranium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mega Uranium 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 Mega currently owns. An asset can also be divided into two categories, current and non-current.