| MX Stock | | | USD 4.25 0.14 3.41% |
MagnaChip Semiconductor financial indicator trend analysis is infinitely more than just investigating MagnaChip Semiconductor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MagnaChip Semiconductor is a good investment. Please check the relationship between MagnaChip Semiconductor Net Receivables and its Total Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.
Net Receivables vs Total Liab
Net Receivables vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MagnaChip Semiconductor Net Receivables account and
Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MagnaChip Semiconductor's Net Receivables and Total Liab is 0.82. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Liab in the same time period over historical financial statements of MagnaChip Semiconductor, assuming nothing else is changed. The correlation between historical values of MagnaChip Semiconductor's Net Receivables and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of MagnaChip Semiconductor are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Receivables i.e., MagnaChip Semiconductor's Net Receivables and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Receivables
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from MagnaChip Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MagnaChip Semiconductor 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 MagnaChip Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy MagnaChip Stock please use our
How to Invest in MagnaChip Semiconductor guide.At this time, MagnaChip Semiconductor's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.1 in 2024, whereas
Tax Provision is likely to drop (2.2
M) in 2024.
MagnaChip Semiconductor fundamental ratios Correlations
Click cells to compare fundamentals
MagnaChip Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MagnaChip Semiconductor fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for MagnaChip Stock Analysis
When running MagnaChip Semiconductor's price analysis, check to
measure MagnaChip Semiconductor'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 MagnaChip Semiconductor is operating at the current time. Most of MagnaChip Semiconductor's value examination focuses on studying past and present price action to
predict the probability of MagnaChip Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MagnaChip Semiconductor's price. Additionally, you may evaluate how the addition of MagnaChip Semiconductor to your portfolios can decrease your overall portfolio volatility.