Methanex Current Deferred Revenue vs Retained Earnings Analysis
MX Stock | CAD 67.16 1.02 1.54% |
Methanex financial indicator trend analysis is infinitely more than just investigating Methanex recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Methanex is a good investment. Please check the relationship between Methanex Current Deferred Revenue and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.
Current Deferred Revenue vs Retained Earnings
Current Deferred Revenue vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Methanex Current Deferred Revenue account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Methanex's Current Deferred Revenue and Retained Earnings is -0.8. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Methanex, assuming nothing else is changed. The correlation between historical values of Methanex's Current Deferred Revenue 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 Current Deferred Revenue of Methanex 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 Current Deferred Revenue i.e., Methanex's Current Deferred Revenue and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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 Methanex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Methanex 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 Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.At this time, Methanex's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 9th of December 2024, Enterprise Value is likely to grow to about 6.1 B, while Selling General Administrative is likely to drop about 218.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 865.1M | 655.4M | 488.5M | Total Revenue | 4.4B | 4.3B | 3.7B | 2.3B |
Methanex fundamental ratios Correlations
Click cells to compare fundamentals
Methanex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Methanex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.2B | 5.7B | 6.1B | 6.6B | 6.4B | 3.5B | |
Short Long Term Debt Total | 2.5B | 3.1B | 2.9B | 3.0B | 3.0B | 3.2B | |
Other Current Liab | 26.3M | 27.2M | 17.2M | 29.5M | 95.0M | 67.3M | |
Total Current Liabilities | 648.2M | 765.4M | 963.2M | 942.6M | 1.3B | 1.4B | |
Total Stockholder Equity | 1.3B | 1.1B | 1.7B | 2.1B | 1.9B | 1.4B | |
Property Plant And Equipment Net | 3.6B | 3.7B | 3.7B | 4.2B | 4.4B | 2.2B | |
Current Deferred Revenue | (493.8M) | (601.0M) | (836.0M) | (789.2M) | (771.9M) | (733.3M) | |
Net Debt | 2.1B | 2.3B | 1.9B | 2.2B | 2.6B | 2.7B | |
Retained Earnings | 1.0B | 843.6M | 1.3B | 1.5B | 1.5B | 792.7M | |
Accounts Payable | 493.8M | 601.0M | 836.0M | 789.2M | 771.9M | 389.1M | |
Cash | 416.8M | 833.8M | 932.1M | 857.7M | 458.0M | 431.9M | |
Non Current Assets Total | 4.0B | 4.1B | 4.1B | 4.8B | 4.9B | 5.2B | |
Non Currrent Assets Other | 82.8M | 92.5M | 99.2M | 356.4M | 344.6M | 361.8M | |
Cash And Short Term Investments | 416.8M | 833.8M | 932.1M | 857.7M | 458.0M | 431.9M | |
Net Receivables | 488.7M | 412M | 551.4M | 500.9M | 533.6M | 365.3M | |
Common Stock Shares Outstanding | 76.7M | 76.2M | 76.2M | 71.7M | 67.8M | 94.1M | |
Liabilities And Stockholders Equity | 5.2B | 5.7B | 6.1B | 6.6B | 6.4B | 3.5B | |
Non Current Liabilities Total | 2.9B | 3.5B | 3.2B | 3.3B | 3.0B | 1.5B | |
Inventory | 281.1M | 308.7M | 459.6M | 439.8M | 426.8M | 231.1M | |
Other Current Assets | 190.7M | 116.4M | 139.1M | 171.1M | 61.9M | 50.2M | |
Other Stockholder Equity | (146.8M) | 1.9M | 1.9M | 1.9M | 1.8M | 1.7M | |
Total Liab | 3.6B | 4.3B | 4.1B | 4.2B | 4.3B | 4.5B | |
Property Plant And Equipment Gross | 3.6B | 3.7B | 6.8B | 7.6B | 7.9B | 8.3B | |
Total Current Assets | 1.2B | 1.6B | 2.0B | 1.9B | 1.5B | 1.1B | |
Short Term Debt | 128.2M | 137.3M | 110.1M | 123.9M | 435.4M | 457.2M | |
Accumulated Other Comprehensive Income | (150.4M) | (137.1M) | (2.7M) | 241.9M | 22.9M | 24.0M | |
Common Stock Total Equity | 480.3M | 446.5M | 440.5M | 440.7M | 396.7M | 385.2M | |
Common Stock | 442.3M | 440.7M | 432.7M | 401.3M | 391.9M | 370.0M | |
Other Liab | 558.9M | 540.9M | 406.5M | 361.6M | 415.8M | 538.8M | |
Net Tangible Assets | 1.3B | 1.1B | 1.7B | 2.1B | 1.9B | 1.3B | |
Other Assets | 194.4M | 230.1M | 197.4M | 378.8M | 435.6M | 457.4M | |
Long Term Debt | 1.7B | 2.3B | 2.1B | 2.1B | 1.8B | 1.8B | |
Long Term Investments | 193.5M | 194.0M | 217.3M | 197.1M | 189.9M | 163.0M | |
Short Long Term Debt | 38.4M | 39.8M | 11.8M | 15.1M | 314.7M | 171.4M | |
Property Plant Equipment | 3.6B | 3.7B | 3.7B | 4.2B | 4.8B | 3.6B | |
Long Term Debt Total | 2.4B | 2.9B | 2.8B | 2.9B | 3.3B | 2.3B | |
Capital Surpluse | 1.8M | 1.9M | 1.9M | 1.9M | 1.7M | 1.6M | |
Non Current Liabilities Other | 286.1M | 327.5M | 193.7M | 134.6M | 154.9M | 225.1M |
Pair Trading with Methanex
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 Methanex 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 Methanex will appreciate offsetting losses from the drop in the long position's value.Moving against Methanex Stock
0.68 | HPQ | HPQ Silicon Resources | PairCorr |
0.52 | ORE | Orezone Gold Corp | PairCorr |
0.5 | INFM | Infinico Metals Corp | PairCorr |
0.46 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to Methanex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methanex 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 Methanex - 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 Methanex to buy it.
The correlation of Methanex 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 Methanex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methanex 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 Methanex 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.