Mercantile Cash vs Common Stock Analysis
MRC Stock | 236.50 1.50 0.64% |
Mercantile Investment financial indicator trend analysis is infinitely more than just investigating The Mercantile Investment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The Mercantile Investment is a good investment. Please check the relationship between Mercantile Investment Cash and its Common Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Mercantile Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Cash vs Common Stock
Cash vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of The Mercantile Investment Cash account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mercantile Investment's Cash and Common Stock is -0.33. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock in the same time period over historical financial statements of The Mercantile Investment, assuming nothing else is changed. The correlation between historical values of Mercantile Investment's Cash and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of The Mercantile Investment are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash i.e., Mercantile Investment's Cash and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of The Mercantile Investment, which is listed under current asset account on The Mercantile Investment balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Mercantile Investment customers. The amounts must be unrestricted with restricted cash listed in a different Mercantile Investment account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Common Stock
Most indicators from Mercantile Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into The Mercantile Investment 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 The Mercantile Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current year's Selling General Administrative is expected to grow to about 8.5 M, whereas Tax Provision is forecasted to decline to about 133.9 K.
Mercantile Investment fundamental ratios Correlations
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Mercantile Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mercantile Investment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 838.1M | 800.3M | 792.0M | 791.5M | 788.8M | 809.5M | |
Total Assets | 2.4B | 2.3B | 2.5B | 2.2B | 2.2B | 2.0B | |
Other Current Liab | (5.9M) | (21.1M) | (9.1M) | (9.6M) | (19.2M) | (20.2M) | |
Total Current Liabilities | 5.9M | 21.1M | 9.1M | 9.6M | 19.2M | 25.4M | |
Total Stockholder Equity | 2.2B | 2.0B | 2.2B | 1.9B | 1.9B | 1.7B | |
Accounts Payable | 5.9M | 21.1M | 9.1M | 9.6M | 19.2M | 27.3M | |
Non Current Assets Total | 2.3B | 2.2B | 2.5B | 2.0B | 2.1B | 1.8B | |
Non Currrent Assets Other | (2.3B) | (2.2B) | (2.5B) | (2.0B) | (2.1B) | (2.2B) | |
Net Receivables | 4.6M | 14.1M | 4.3M | 2.7M | 7.6M | 11.2M | |
Liabilities And Stockholders Equity | 2.4B | 2.3B | 2.5B | 2.2B | 2.2B | 2.0B | |
Non Current Liabilities Total | 177.9M | 258.0M | 9.1M | 9.6M | 327.9M | 344.3M | |
Total Liab | 183.7M | 279.0M | 336.8M | 337.4M | 347.2M | 241.7M | |
Total Current Assets | 77.0M | 37.5M | 69.9M | 160.3M | 97.1M | 99.0M | |
Other Assets | 185K | 2.4B | 2.3B | 2.5B | 2.9B | 3.1B | |
Net Debt | 105.5M | 234.6M | 262.1M | 170.2M | 238.4M | 250.3M | |
Retained Earnings | 2.1B | 1.9B | 2.1B | 1.8B | 76.2M | 72.4M | |
Cash | 72.3M | 23.3M | 65.7M | 157.6M | 89.5M | 92.5M | |
Cash And Short Term Investments | 72.3M | 23.3M | 65.7M | 157.6M | 89.5M | 92.5M | |
Short Long Term Debt Total | 177.9M | 258.0M | 327.7M | 327.8M | 327.9M | 244.0M | |
Other Current Assets | (190.8M) | 198K | 902.0K | 1.7M | 997.0K | 0.0 | |
Accumulated Other Comprehensive Income | 1.9B | 1.6B | 13.2M | 13.2M | 11.8M | 11.3M | |
Net Tangible Assets | 1.8B | 2.2B | 2.0B | 2.2B | 2.5B | 2.1B | |
Long Term Investments | 2.3B | 2.2B | 2.5B | 2.0B | 2.1B | 2.2B | |
Net Invested Capital | 2.4B | 2.2B | 2.5B | 2.2B | 2.2B | 2.5B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mercantile Stock
Balance Sheet is a snapshot of the financial position of The Mercantile Investment at a specified time, usually calculated after every quarter, six months, or one year. Mercantile Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mercantile Investment 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 Mercantile currently owns. An asset can also be divided into two categories, current and non-current.