MINT Price To Sales Ratio vs Book Value Per Share Analysis

MID-UN Stock  CAD 7.76  0.06  0.78%   
MINT Income financial indicator trend analysis is infinitely more than just investigating MINT Income Fund recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MINT Income Fund is a good investment. Please check the relationship between MINT Income Price To Sales Ratio and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MINT Income Fund. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MINT Income Fund Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between MINT Income's Price To Sales Ratio and Book Value Per Share is 0.41. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of MINT Income Fund, assuming nothing else is changed. The correlation between historical values of MINT Income's Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of MINT Income Fund are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., MINT Income's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing MINT Income Fund stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on MINT Income sales, a figure that is much harder to manipulate than other MINT Income Fund 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.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from MINT Income's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MINT Income Fund 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 MINT Income Fund. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At present, MINT Income's Issuance Of Capital Stock is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.37, whereas Selling General Administrative is forecasted to decline to about 938.4 K.
 2021 2022 2023 2024 (projected)
Cost Of Revenue1.2M1.5M1.3M1.4M
Income Tax Expense60.6K54.7K12.3K11.7K

MINT Income fundamental ratios Correlations

-0.44-0.150.970.50.4-0.010.50.70.790.820.03-0.340.780.86-0.860.8-0.55-0.14-0.430.310.610.57-0.290.420.44
-0.440.26-0.41-0.90.20.43-0.34-0.15-0.35-0.390.490.37-0.46-0.420.44-0.37-0.180.18-0.080.260.120.14-0.09-0.02-0.03
-0.150.26-0.18-0.14-0.070.91-0.1-0.03-0.21-0.050.810.14-0.14-0.160.13-0.380.360.49-0.310.040.13-0.050.59-0.45-0.38
0.97-0.41-0.180.50.21-0.080.410.660.860.64-0.05-0.380.60.87-0.870.65-0.49-0.03-0.420.360.490.57-0.30.390.4
0.5-0.9-0.140.5-0.32-0.370.180.050.530.38-0.45-0.240.450.59-0.610.330.120.13-0.07-0.050.040.010.12-0.05-0.01
0.40.2-0.070.21-0.320.290.420.56-0.010.720.35-0.070.680.05-0.040.7-0.53-0.53-0.16-0.050.580.24-0.220.330.33
-0.010.430.91-0.08-0.370.290.060.19-0.20.150.960.130.03-0.130.11-0.140.060.27-0.380.120.340.110.37-0.22-0.16
0.5-0.34-0.10.410.180.420.060.340.370.580.09-0.180.540.34-0.330.58-0.48-0.43-0.280.290.510.4-0.290.440.48
0.7-0.15-0.030.660.050.560.190.340.360.590.18-0.550.550.35-0.340.54-0.25-0.34-0.07-0.160.260.22-0.180.190.23
0.79-0.35-0.210.860.53-0.01-0.20.370.360.44-0.18-0.310.40.78-0.780.46-0.480.11-0.50.510.510.62-0.280.390.4
0.82-0.39-0.050.640.380.720.150.580.590.440.19-0.140.980.6-0.610.93-0.54-0.33-0.350.120.720.41-0.190.380.41
0.030.490.81-0.05-0.450.350.960.090.18-0.180.190.160.05-0.10.07-0.06-0.090.2-0.40.220.410.190.21-0.040.0
-0.340.370.14-0.38-0.24-0.070.13-0.18-0.55-0.31-0.140.16-0.150.07-0.06-0.08-0.290.14-0.340.440.30.37-0.150.210.22
0.78-0.46-0.140.60.450.680.030.540.550.40.980.05-0.150.57-0.570.93-0.48-0.38-0.260.00.650.32-0.180.280.34
0.86-0.42-0.160.870.590.05-0.130.340.350.780.6-0.10.070.57-1.00.64-0.590.06-0.550.560.590.73-0.370.480.49
-0.860.440.13-0.87-0.61-0.040.11-0.33-0.34-0.78-0.610.07-0.06-0.57-1.0-0.630.56-0.090.56-0.55-0.59-0.710.33-0.46-0.48
0.8-0.37-0.380.650.330.7-0.140.580.540.460.93-0.06-0.080.930.64-0.63-0.71-0.48-0.270.190.680.48-0.450.580.58
-0.55-0.180.36-0.490.12-0.530.06-0.48-0.25-0.48-0.54-0.09-0.29-0.48-0.590.56-0.710.320.51-0.7-0.82-0.840.75-0.8-0.81
-0.140.180.49-0.030.13-0.530.27-0.43-0.340.11-0.330.20.14-0.380.06-0.09-0.480.320.030.16-0.1-0.120.54-0.46-0.56
-0.43-0.08-0.31-0.42-0.07-0.16-0.38-0.28-0.07-0.5-0.35-0.4-0.34-0.26-0.550.56-0.270.510.03-0.71-0.72-0.820.2-0.43-0.52
0.310.260.040.36-0.05-0.050.120.29-0.160.510.120.220.440.00.56-0.550.19-0.70.16-0.710.650.85-0.520.610.63
0.610.120.130.490.040.580.340.510.260.510.720.410.30.650.59-0.590.68-0.82-0.1-0.720.650.81-0.360.520.59
0.570.14-0.050.570.010.240.110.40.220.620.410.190.370.320.73-0.710.48-0.84-0.12-0.820.850.81-0.590.690.76
-0.29-0.090.59-0.30.12-0.220.37-0.29-0.18-0.28-0.190.21-0.15-0.18-0.370.33-0.450.750.540.2-0.52-0.36-0.59-0.73-0.82
0.42-0.02-0.450.39-0.050.33-0.220.440.190.390.38-0.040.210.280.48-0.460.58-0.8-0.46-0.430.610.520.69-0.730.94
0.44-0.03-0.380.4-0.010.33-0.160.480.230.40.410.00.220.340.49-0.480.58-0.81-0.56-0.520.630.590.76-0.820.94
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MINT Income Account Relationship Matchups

MINT Income fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets126.5M77.2M98.5M89.1M93.1M105.4M
Other Current Liab(25.9M)(187.9K)(10.4M)(5.7M)(21.0M)(20.0M)
Total Current Liabilities908.8K744.1K666.7K679.8K21.5M22.5M
Total Stockholder Equity100.6M76.4M88.1M83.4M72.1M86.3M
Net Debt18.5M(2.7M)6.7M(2.7M)16.7M17.6M
Cash6.5M2.7M3.1M7.7M3.7M3.5M
Cash And Short Term Investments6.5M2.7M3.1M7.7M92.8M97.4M
Net Receivables939.4K334.6K300.6K369.2K358.3K653.6K
Common Stock Shares Outstanding19.5M15.2M14.0M13.3M12.3M18.2M
Short Term Investments119.0M74.1M95.1M81.0M89.1M96.7M
Liabilities And Stockholders Equity126.5M77.2M98.5M89.1M93.1M105.4M
Total Liab25.9M744.1K10.4M5.7M21.0M19.2M
Total Current Assets7.4M3.0M3.4M8.1M93.1M46.6M
Accounts Payable908.8K187.9K666.7K679.8K595.0K565.2K
Short Long Term Debt Total10M25M9.8M5M20.4M19.6M
Non Current Assets Total119.0M74.1M95.1M81.0M72.9M96.2M
Non Currrent Assets Other(119.0M)(74.1M)(95.1M)(81.0M)(89.1M)(93.5M)
Non Current Liabilities Total25M744.1K9.8M5M595.0K565.2K
Current Deferred Revenue(9.0M)(24.1M)(9.1M)(4.3M)19.8M20.8M
Retained Earnings(15.8M)(23.5M)(2.0M)1.4M1.4M1.5M
Inventory126.5M77.2M98.5M89.1M(89.1M)(93.5M)
Other Current Assets452.8K(77.2M)29.6K(89.1M)(93.1M)(88.5M)
Short Term Debt10M25M9.8M5M20.4M20.8M
Common Stock116.4M99.9M90.1M82.0M70.7M102.5M
Other Assets6.6K49.4K29.6K93.1M107.1M112.4M

Pair Trading with MINT Income

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

Moving against MINT Stock

  0.59VCM Vecima NetworksPairCorr
The ability to find closely correlated positions to MINT Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MINT Income 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 MINT Income - 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 MINT Income Fund to buy it.
The correlation of MINT Income 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 MINT Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MINT Income Fund 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 MINT Income 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 MINT Stock

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