Melcor Other Stockholder Equity vs Retained Earnings Analysis

MRD Stock  CAD 13.24  0.18  1.38%   
Melcor Developments financial indicator trend analysis is infinitely more than just investigating Melcor Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Melcor Developments is a good investment. Please check the relationship between Melcor Developments Other Stockholder Equity and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melcor Developments. 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.

Other Stockholder Equity vs Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Melcor Developments Other Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Melcor Developments' Other Stockholder Equity and Retained Earnings is -0.26. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Melcor Developments, assuming nothing else is changed. The correlation between historical values of Melcor Developments' Other Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Melcor Developments are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Stockholder Equity i.e., Melcor Developments' Other Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Melcor Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Melcor Developments 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 Melcor Developments. 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, Melcor Developments' Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 15.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense22.9M24.4M39.5M41.5M
Depreciation And Amortization203.2M152.7M1.3M1.2M

Melcor Developments fundamental ratios Correlations

0.980.590.79-0.790.990.790.190.710.980.030.610.45-0.10.98-0.27-0.270.98-0.790.960.07-0.250.310.780.930.76
0.980.530.78-0.780.990.770.160.70.970.040.60.39-0.030.97-0.31-0.280.97-0.780.940.1-0.280.340.770.920.76
0.590.530.52-0.750.580.560.720.280.460.10.310.80.110.650.120.060.69-0.750.71-0.08-0.170.490.180.680.18
0.790.780.52-0.820.771.00.040.630.810.270.760.230.280.72-0.17-0.260.73-0.820.710.18-0.140.230.830.930.84
-0.79-0.78-0.75-0.82-0.81-0.84-0.46-0.44-0.7-0.16-0.49-0.63-0.14-0.80.110.13-0.811.0-0.86-0.110.16-0.41-0.51-0.9-0.52
0.990.990.580.77-0.810.770.20.640.970.00.540.43-0.070.98-0.28-0.30.97-0.810.950.05-0.230.370.740.930.73
0.790.770.561.0-0.840.770.080.620.80.280.750.260.270.73-0.14-0.260.73-0.840.720.2-0.130.240.80.930.8
0.190.160.720.04-0.460.20.08-0.130.010.13-0.150.84-0.070.310.220.20.33-0.460.41-0.34-0.130.62-0.250.24-0.26
0.710.70.280.63-0.440.640.62-0.130.740.050.930.08-0.030.65-0.03-0.470.65-0.440.610.31-0.13-0.050.660.620.65
0.980.970.460.81-0.70.970.80.010.740.030.660.26-0.060.94-0.33-0.340.93-0.70.880.09-0.210.240.860.90.84
0.030.040.10.27-0.160.00.280.130.050.030.21-0.110.0-0.03-0.310.06-0.03-0.160.010.110.04-0.080.140.170.1
0.610.60.310.76-0.490.540.75-0.150.930.660.210.020.130.540.05-0.410.53-0.490.510.35-0.07-0.070.690.640.69
0.450.390.80.23-0.630.430.260.840.080.26-0.110.02-0.10.540.140.290.57-0.630.66-0.21-0.230.53-0.010.45-0.01
-0.1-0.030.110.28-0.14-0.070.27-0.07-0.03-0.060.00.13-0.1-0.04-0.160.06-0.03-0.14-0.14-0.04-0.150.220.130.190.26
0.980.970.650.72-0.80.980.730.310.650.94-0.030.540.54-0.04-0.27-0.221.0-0.80.970.01-0.290.40.690.910.69
-0.27-0.310.12-0.170.11-0.28-0.140.22-0.03-0.33-0.310.050.14-0.16-0.27-0.19-0.260.11-0.18-0.110.010.22-0.3-0.25-0.32
-0.27-0.280.06-0.260.13-0.3-0.260.2-0.47-0.340.06-0.410.290.06-0.22-0.19-0.20.13-0.18-0.13-0.13-0.02-0.25-0.23-0.25
0.980.970.690.73-0.810.970.730.330.650.93-0.030.530.57-0.031.0-0.26-0.2-0.810.980.01-0.290.410.680.910.67
-0.79-0.78-0.75-0.821.0-0.81-0.84-0.46-0.44-0.7-0.16-0.49-0.63-0.14-0.80.110.13-0.81-0.86-0.110.16-0.41-0.51-0.9-0.52
0.960.940.710.71-0.860.950.720.410.610.880.010.510.66-0.140.97-0.18-0.180.98-0.860.04-0.290.40.620.90.6
0.070.1-0.080.18-0.110.050.2-0.340.310.090.110.35-0.21-0.040.01-0.11-0.130.01-0.110.04-0.03-0.73-0.010.11-0.02
-0.25-0.28-0.17-0.140.16-0.23-0.13-0.13-0.13-0.210.04-0.07-0.23-0.15-0.290.01-0.13-0.290.16-0.29-0.03-0.24-0.27-0.26-0.29
0.310.340.490.23-0.410.370.240.62-0.050.24-0.08-0.070.530.220.40.22-0.020.41-0.410.4-0.73-0.240.20.380.23
0.780.770.180.83-0.510.740.8-0.250.660.860.140.69-0.010.130.69-0.3-0.250.68-0.510.62-0.01-0.270.20.780.99
0.930.920.680.93-0.90.930.930.240.620.90.170.640.450.190.91-0.25-0.230.91-0.90.90.11-0.260.380.780.78
0.760.760.180.84-0.520.730.8-0.260.650.840.10.69-0.010.260.69-0.32-0.250.67-0.520.6-0.02-0.290.230.990.78
Click cells to compare fundamentals

Melcor Developments Account Relationship Matchups

Melcor Developments fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.0B2.1B2.2B2.1B1.1B
Short Long Term Debt Total821.8M721.8M716.9M740.4M670.2M377.4M
Total Current Liabilities42.8M35.9M54.6M51.7M47.7M49.9M
Total Stockholder Equity1.1B1.1B1.1B1.2B1.2B1.3B
Property Plant And Equipment Net13.5M13.1M12.9M12.2M11.7M11.1M
Net Debt714.4M692.6M657.0M659.9M635.5M348.8M
Retained Earnings982.1M981.6M1.0B1.1B1.1B1.2B
Accounts Payable17.6M11.8M9.8M19.3M18.7M18.5M
Cash37.0M29.2M59.9M80.5M34.7M20.6M
Non Current Assets Total1.2B1.1B1.2B1.2B1.1B573.4M
Non Currrent Assets Other1.2B(867.7M)(941.6M)1.2B1.1B1.2B
Cash And Short Term Investments37.0M29.2M59.9M80.5M46.0M48.3M
Net Receivables93.2M89.0M138.2M113.6M139.7M106.4M
Common Stock Shares Outstanding33.3M33.3M33.2M32.6M31.1M35.3M
Liabilities And Stockholders Equity2.1B2.0B2.1B2.2B2.1B1.1B
Non Current Liabilities Total973.0M887.9M942.8M937.0M840.2M478.9M
Other Current Assets(885.0M)2.5M(2.1M)22.3M53.4M56.1M
Other Stockholder Equity4.1M(976.7M)4.7M(1.1B)5.0M5.3M
Total Liab1.0B923.9M997.5M988.7M887.9M528.8M
Property Plant And Equipment Gross13.5M13.1M12.9M12.2M11.7M11.1M
Total Current Assets884.6M854.6M928.7M965.8M937.9M504.3M
Accumulated Other Comprehensive Income21.5M18.6M17.9M29.6M24.7M25.9M
Other Current Liab25.2M22.6M38.9M32.1M27.7M29.1M
Current Deferred Revenue(68.4M)(76.2M)(40.8M)(54.2M)(45.6M)(47.9M)
Short Term Debt70.5M76.2M40.8M54.2M45.6M65.3M
Common Stock Total Equity72.7M72.8M72.6M72.3M83.1M56.2M
Inventory754.3M729.0M725.8M749.5M728.6M681.3M
Common Stock72.6M72.3M73.3M70.2M69.5M60.9M
Short Term Investments6.8M4.9M6.9M5.8M11.3M6.3M
Other Liab113.4M101.4M135.9M122.9M110.6M136.2M
Net Tangible Assets1.1B1.1B1.1B1.2B1.4B1.1B
Other Assets35.8M33.0M31.2M2.8M29.3M22.3M
Long Term Debt751.4M721.8M716.9M740.4M670.2M708.3M
Deferred Long Term Liab35.8M33.0M31.2M34.0M30.6M27.4M
Property Plant Equipment1.2B1.1B1.1B12.2M14.1M13.4M
Long Term Debt Total751.4M721.8M716.9M740.4M851.4M742.9M
Capital Surpluse4.1M4.9M4.7M4.8M5.5M4.2M
Non Current Liabilities Other106.6M63.0M88.3M71.9M53.8M68.8M
Cash And Equivalents37.0M29.2M59.9M80.5M92.5M49.6M

Pair Trading with Melcor Developments

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 Melcor Developments 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 Melcor Developments will appreciate offsetting losses from the drop in the long position's value.

Moving together with Melcor Stock

  0.7NVDA NVIDIA CDRPairCorr
  0.89META Meta Platforms CDRPairCorr
The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
The correlation of Melcor Developments 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 Melcor Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor Developments 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 Melcor Developments 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 Melcor Stock

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