Mach Non Currrent Assets Other vs Common Stock Shares Outstanding Analysis
MNR Stock | USD 15.26 0.23 1.53% |
Mach Natural financial indicator trend analysis is infinitely more than just investigating Mach Natural Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mach Natural Resources is a good investment. Please check the relationship between Mach Natural Non Currrent Assets Other and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mach Natural Resources. 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.
Non Currrent Assets Other vs Common Stock Shares Outstanding
Non Currrent Assets Other vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mach Natural Resources Non Currrent Assets Other account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mach Natural's Non Currrent Assets Other and Common Stock Shares Outstanding is -0.4. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Mach Natural Resources, assuming nothing else is changed. The correlation between historical values of Mach Natural's Non Currrent Assets Other and Common Stock Shares 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 Non Currrent Assets Other of Mach Natural Resources are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Currrent Assets Other i.e., Mach Natural's Non Currrent Assets Other and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Mach Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mach Natural Resources 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 Mach Natural Resources. 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, Mach Natural's Selling General Administrative is relatively stable compared to the past year. As of 12/13/2024, Enterprise Value Over EBITDA is likely to grow to 6.12, while Issuance Of Capital Stock is likely to drop slightly above 130.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.7M | 4.2M | 11.2M | 11.9M | Depreciation And Amortization | 40.7M | 124.8M | 137.6M | 144.5M |
Mach Natural fundamental ratios Correlations
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Mach Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mach Natural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 1.9B | 525.4M | 887.4M | 2.3B | 2.4B | |
Short Long Term Debt Total | 1.0B | 983.3M | 85.8M | 99.7M | 824.5M | 421.4M | |
Total Stockholder Equity | 1.0B | 1.0B | 278.7M | 593.2M | 1.2B | 1.3B | |
Property Plant And Equipment Net | 5.7M | 5.6M | 343.2M | 698.2M | 1.9B | 2.0B | |
Net Debt | 1.0B | 959.8M | 26.5M | 70.3M | 671.7M | 394.3M | |
Cash | 20.2M | 23.5M | 59.3M | 29.4M | 152.8M | 160.4M | |
Non Current Assets Total | 1.7B | 1.8B | 346.9M | 701.2M | 2.0B | 2.1B | |
Non Currrent Assets Other | 1.7B | 1.8B | 3.7M | 3.1M | 22.2M | 21.1M | |
Cash And Short Term Investments | 205.4M | 132.3M | 59.3M | 29.4M | 152.8M | 160.4M | |
Net Receivables | 1.3M | 5.4M | 93.9M | 129.8M | 132.2M | 138.8M | |
Liabilities And Stockholders Equity | 1.9B | 1.9B | 525.4M | 887.4M | 2.3B | 2.4B | |
Non Current Liabilities Total | 857.3M | 898.2M | 117.2M | 141.6M | 837.9M | 879.8M | |
Other Stockholder Equity | 665.8M | 568.9M | 278.7M | 1.2B | 1.4B | 1.4B | |
Total Liab | 860.9M | 902.2M | 246.7M | 294.2M | 1.1B | 1.2B | |
Total Current Assets | 213.5M | 145.3M | 178.5M | 186.2M | 343.6M | 360.8M | |
Common Stock | 964K | 981K | 983K | 593.2M | 682.2M | 716.3M | |
Accumulated Other Comprehensive Income | (3.3M) | (3.4M) | (4.3M) | (2.2M) | (2.6M) | (2.7M) | |
Other Current Liab | 3.6M | 4.0M | 118.8M | 118.4M | 140.6M | 147.7M | |
Total Current Liabilities | 3.6M | 4.0M | 129.4M | 152.6M | 274.9M | 288.7M | |
Short Term Investments | 154.9M | 185.3M | 108.8M | 143.5M | 165.0M | 116.0M | |
Other Current Assets | 6.7M | 7.6M | 20.4M | 2.3M | 27.2M | 28.6M |
Pair Trading with Mach Natural
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 Mach Natural 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 Mach Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Mach Stock
Moving against Mach Stock
0.64 | EP | Empire Petroleum Corp | PairCorr |
0.48 | VIST | Vista Oil Gas | PairCorr |
0.47 | DEC | Diversified Energy | PairCorr |
0.42 | CRK | Comstock Resources Buyout Trend | PairCorr |
0.41 | LB | LandBridge Company | PairCorr |
The ability to find closely correlated positions to Mach Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mach Natural 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 Mach Natural - 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 Mach Natural Resources to buy it.
The correlation of Mach Natural 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 Mach Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mach Natural Resources 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 Mach Natural 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.Additional Tools for Mach Stock Analysis
When running Mach Natural's price analysis, check to measure Mach Natural'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 Mach Natural is operating at the current time. Most of Mach Natural's value examination focuses on studying past and present price action to predict the probability of Mach Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mach Natural's price. Additionally, you may evaluate how the addition of Mach Natural to your portfolios can decrease your overall portfolio volatility.