MDU Total Liab from 2010 to 2024
| MDU Stock | USD 24.47 0.08 0.33% |
Check MDU Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MDU Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . MDU financial statements analysis is a perfect complement when working with MDU Resources Valuation or Volatility modules.
MDU |
About MDU Resources Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include MDU Resources income statement, its balance sheet, and the statement of cash flows. MDU Resources investors use historical funamental indicators, such as MDU Resources's Total Liab, to determine how well the company is positioned to perform in the future. Although MDU Resources investors may use each financial statement separately, they are all related. The changes in MDU Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on MDU Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on MDU Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in MDU Resources. Please read more on our technical analysis and fundamental analysis pages.
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company was founded in 1924 and is headquartered in Bismarck, North Dakota. Mdu Res operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 16000 people.
Pair Trading with MDU Resources
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 MDU Resources 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 MDU Resources will appreciate offsetting losses from the drop in the long position's value.Moving against MDU Stock
| 0.63 | NNBR | NN Inc | PairCorr |
| 0.58 | AP | Ampco Pittsburgh | PairCorr |
| 0.57 | AZ | A2Z Smart Technologies | PairCorr |
| 0.5 | J | Jacobs Solutions Fiscal Year End 19th of November 2024 | PairCorr |
| 0.48 | RCMT | RCM Technologies | PairCorr |
The ability to find closely correlated positions to MDU Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDU Resources 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 MDU Resources - 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 MDU Resources Group to buy it.
The correlation of MDU Resources 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 MDU Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDU Resources Group 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 MDU Resources 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 MDU Stock Analysis
When running MDU Resources' price analysis, check to measure MDU Resources' 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 MDU Resources is operating at the current time. Most of MDU Resources' value examination focuses on studying past and present price action to predict the probability of MDU Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MDU Resources' price. Additionally, you may evaluate how the addition of MDU Resources to your portfolios can decrease your overall portfolio volatility.