Minto Free Cash Flow Yield vs Pb Ratio Analysis

MI-UN Stock  CAD 13.79  0.19  1.36%   
Minto Apartment financial indicator trend analysis is infinitely more than just investigating Minto Apartment Real recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minto Apartment Real is a good investment. Please check the relationship between Minto Apartment Free Cash Flow Yield and its Pb Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Minto Apartment Real. 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 Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minto Apartment Real Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Minto Apartment's Free Cash Flow Yield and Pb Ratio is -0.49. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Minto Apartment Real, assuming nothing else is changed. The correlation between historical values of Minto Apartment's Free Cash Flow Yield and Pb 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 Minto Apartment Real are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Minto Apartment's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Pb Ratio

Most indicators from Minto Apartment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minto Apartment Real 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 Minto Apartment Real. 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 6.4 M in 2024. Tax Provision is likely to drop to about 16.5 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit76.2M87.8M99.2M68.3M
Total Revenue123.5M143.8M157.9M112.7M

Minto Apartment fundamental ratios Correlations

0.94-0.340.770.980.840.961.00.990.940.791.0-0.370.760.860.840.880.950.43-0.430.990.740.760.950.99-0.19
0.94-0.30.790.970.630.980.920.941.00.740.93-0.150.740.840.880.940.820.51-0.350.890.80.780.920.950.07
-0.34-0.3-0.76-0.35-0.27-0.27-0.37-0.29-0.3-0.56-0.370.13-0.670.07-0.07-0.17-0.160.410.11-0.330.1-0.77-0.28-0.30.01
0.770.79-0.760.790.480.740.770.730.790.820.77-0.150.920.390.650.640.550.14-0.360.720.50.990.680.730.18
0.980.97-0.350.790.740.980.970.970.970.840.98-0.270.810.850.840.930.870.39-0.420.940.730.80.970.97-0.03
0.840.63-0.270.480.740.70.870.850.620.550.86-0.630.50.740.580.570.940.29-0.380.910.520.480.780.83-0.64
0.960.98-0.270.740.980.70.950.960.980.750.95-0.230.720.880.850.920.880.47-0.40.930.760.730.940.98-0.01
1.00.92-0.370.770.970.870.950.990.920.81.0-0.410.770.850.810.860.940.39-0.440.990.710.770.960.98-0.22
0.990.94-0.290.730.970.850.960.990.940.760.99-0.360.730.880.860.850.960.49-0.460.990.780.730.940.99-0.19
0.941.0-0.30.790.970.620.980.920.940.740.93-0.140.740.840.880.940.820.51-0.350.890.80.780.920.950.07
0.790.74-0.560.820.840.550.750.80.760.740.8-0.110.960.520.630.70.610.05-0.450.720.470.890.750.730.19
1.00.93-0.370.770.980.860.951.00.990.930.8-0.390.780.850.820.870.940.39-0.430.990.720.770.960.98-0.21
-0.37-0.150.13-0.15-0.27-0.63-0.23-0.41-0.36-0.14-0.11-0.39-0.06-0.29-0.05-0.12-0.490.050.64-0.44-0.02-0.09-0.37-0.360.63
0.760.74-0.670.920.810.50.720.770.730.740.960.78-0.060.420.630.660.550.04-0.360.70.460.960.690.70.22
0.860.840.070.390.850.740.880.850.880.840.520.85-0.290.420.760.890.890.56-0.260.850.740.390.920.88-0.28
0.840.88-0.070.650.840.580.850.810.860.880.630.82-0.050.630.760.790.770.79-0.380.810.980.640.790.830.1
0.880.94-0.170.640.930.570.920.860.850.940.70.87-0.120.660.890.790.760.42-0.210.80.70.650.940.870.03
0.950.82-0.160.550.870.940.880.940.960.820.610.94-0.490.550.890.770.760.49-0.40.980.720.540.890.95-0.43
0.430.510.410.140.390.290.470.390.490.510.050.390.050.040.560.790.420.49-0.20.440.90.090.390.460.03
-0.43-0.350.11-0.36-0.42-0.38-0.4-0.44-0.46-0.35-0.45-0.430.64-0.36-0.26-0.38-0.21-0.4-0.2-0.43-0.33-0.35-0.41-0.42-0.06
0.990.89-0.330.720.940.910.930.990.990.890.720.99-0.440.70.850.810.80.980.44-0.430.730.710.920.98-0.31
0.740.80.10.50.730.520.760.710.780.80.470.72-0.020.460.740.980.70.720.9-0.330.730.480.70.750.07
0.760.78-0.770.990.80.480.730.770.730.780.890.77-0.090.960.390.640.650.540.09-0.350.710.480.690.720.21
0.950.92-0.280.680.970.780.940.960.940.920.750.96-0.370.690.920.790.940.890.39-0.410.920.70.690.94-0.19
0.990.95-0.30.730.970.830.980.980.990.950.730.98-0.360.70.880.830.870.950.46-0.420.980.750.720.94-0.19
-0.190.070.010.18-0.03-0.64-0.01-0.22-0.190.070.19-0.210.630.22-0.280.10.03-0.430.03-0.06-0.310.070.21-0.19-0.19
Click cells to compare fundamentals

Minto Apartment Account Relationship Matchups

Minto Apartment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.2B2.4B2.7B2.7B2.0B
Short Long Term Debt Total580.3M630.0M681.7M903.5M930.1M647.8M
Other Current Liab(57.9M)20.7M(12.4M)(102.4M)17.9M18.8M
Total Current Liabilities121.6M70.0M88.3M427.6M137.0M115.6M
Total Stockholder Equity686.8M850.2M1.0B1.2B1.1B758.6M
Other Liab537.4M475.8M503.4M366.4M421.4M395.2M
Net Tangible Assets686.8M850.2M1.0B1.2B1.4B705.3M
Property Plant And Equipment Net2.0B2.1B2.3B2.6B2.4B1.9B
Current Deferred Revenue8.7M9.0M10.1M10.5M11.3M9.0M
Net Debt578.4M627.4M678.8M898.2M926.3M645.7M
Accounts Payable5.6M8.3M23.8M28.7M8.6M11.3M
Non Current Assets Total2.0B2.1B2.4B2.6B2.5B1.9B
Non Currrent Assets Other(2.0B)(2.2B)35.2M68.1M87.9M92.3M
Long Term Debt580.3M630.0M681.7M507.5M747.7M577.1M
Net Receivables21.7M44.0M65.4M101.6M136.5M143.3M
Common Stock Shares Outstanding47.1M59.0M59.7M64.9M65.6M51.6M
Liabilities And Stockholders Equity2.1B2.2B2.4B2.7B2.7B2.0B
Non Current Liabilities Total1.2B1.3B1.3B1.1B1.5B1.1B
Other Current Assets9.2M18.5M4.0M3.8M88.6M93.0M
Other Stockholder Equity(14.0M)(249.0M)(295.9M)(502.7M)(366.4M)(384.7M)
Total Liab1.4B1.4B1.4B1.5B1.6B1.2B
Total Current Assets32.9M65.2M79.8M110.7M228.8M240.3M
Short Term Debt91.0M31.9M124.0M396.0M99.2M95.6M
Property Plant Equipment2.0B2.1B2.3B2.6B2.9B1.8B
Retained Earnings55.3M218.8M295.9M502.7M366.4M343.0M
Accumulated Other Comprehensive Income258.3M(14.0M)(30.2M)(47.3M)(66.4M)0.0
Net Invested Capital580.3M630.0M681.7M2.1B2.0B1.1B
Net Working Capital(7.8M)(7.2M)53.7M(316.9M)2.7M2.8M
Cash1.9M2.6M2.9M5.3M3.7M3.2M
Cash And Short Term Investments1.9M2.6M2.9M5.3M3.7M3.2M
Short Long Term Debt27.1M31.9M55.5M396.0M182.4M129.1M
Non Current Liabilities Other752.6M683.7M712.5M580.4M644.1M532.0M

Pair Trading with Minto Apartment

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

Moving together with Minto Stock

  0.63TAU Thesis GoldPairCorr

Moving against Minto Stock

  0.83DF Dividend 15 SplitPairCorr
  0.82DGS Dividend Growth SplitPairCorr
  0.79ESI Ensign Energy ServicesPairCorr
  0.79LCS Brompton Lifeco Split SplitPairCorr
The ability to find closely correlated positions to Minto Apartment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Minto Apartment 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 Minto Apartment - 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 Minto Apartment Real to buy it.
The correlation of Minto Apartment 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 Minto Apartment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minto Apartment Real 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 Minto Apartment 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

Additional Tools for Minto Stock Analysis

When running Minto Apartment's price analysis, check to measure Minto Apartment'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 Minto Apartment is operating at the current time. Most of Minto Apartment's value examination focuses on studying past and present price action to predict the probability of Minto Apartment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minto Apartment's price. Additionally, you may evaluate how the addition of Minto Apartment to your portfolios can decrease your overall portfolio volatility.