Will Middlefield Banc (USA Stocks:MBCN) low risk outlook last untill February?

MBCN Stock

USD 27.97 0.00 0.00%

Macroaxis Story

Given the investment horizon of 90 days Middlefield Banc is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.47 times less risky than the market. the firm trades about -0.1 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.06 of returns per unit of risk over similar time horizon. Although many risk-takers are getting more into banks space, some of us are not very happy with Middlefield Banc's current volatility. We are going to inspect if the current expected returns justify Middlefield Banc's volatility.

Published over two months ago

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Reviewed by Michael Smolkin

The company currently holds 12.9 M in liabilities with Debt to Equity (D/E) ratio of 10.8, indicating Middlefield Banc may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Middlefield Banc until it has trouble settling it off, either with new capital or with free cash flow. So, Middlefield Banc's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Middlefield Banc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Middlefield to invest in growth at high rates of return. When we think about Middlefield Banc's use of debt, we should always consider it together with cash and equity.

Will Middlefield Banc (USA Stocks:MBCN) low risk outlook last untill February?

Volatility is a rate at which the price of Middlefield Banc or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Middlefield Banc may increase or decrease. In other words, similar to Middlefield's beta indicator, it measures the risk of Middlefield Banc and helps estimate the fluctuations that may happen in a short period of time. So if prices of Middlefield Banc fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.

How important is Middlefield Banc's Liquidity

Middlefield Banc financial leverage refers to using borrowed capital as a funding source to finance Middlefield Banc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Middlefield Banc financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Middlefield Banc's total debt and its cash.

How does Middlefield utilize its cash?

To perform a cash flow analysis of Middlefield Banc, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Middlefield Banc is receiving and how much cash it distributes out in a given period. The Middlefield Banc cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Middlefield Banc Net Cash Flow from Operations is very stable at the moment as compared to the past year. Middlefield Banc reported last year Net Cash Flow from Operations of 18.36 Million

Middlefield Banc Volatility Drivers

Middlefield Banc unsystematic risk is unique to Middlefield Banc and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Middlefield Banc you can also buy Bank Of America. You can also mitigate this risk by investing in the financials sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Middlefield Banc important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Middlefield Banc income statement and balance sheet. Here are more details about Middlefield volatility.

	Long Term Debt	Total Assets	Cash and Equivalents	Total Debt	Deposit Liabilities	Shareholders Equity	Total Liabilities	Consolidated Income	Gross Profit	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Weighted Average Shares	Income Tax Expense	Capital Expenditure	Share Based Compensation	Calculated Tax Rate	PPandE Turnover	Cash Flow Per Share	Revenue to Assets	Total Assets Per Share	Asset Turnover	Book Value per Share	Debt to Equity Ratio	Dividend Yield	EBITDA Margin	Earnings per Basic Share	Free Cash Flow per Share	Gross Margin	Profit Margin	Payout Ratio	Price to Book Value	Price to Earnings Ratio	Price to Sales Ratio	Return on Average Assets	Return on Average Equity	Return on Sales	Sales per Share	Net Income Per Employee	Revenue Per Employee	Average Assets	Earnings before Tax	Average Equity	Enterprise Value	Free Cash Flow	Invested Capital	Invested Capital Average	Market Capitalization	Tangible Asset Value
Long Term Debt		0.12	0.04	0.19	0.1	0.12	0.12	-0.04	0.08	-0.04	-0.04	0.1	0.04	0.31	0.41	0.2	-0.16	-0.01	0.4	-0.01	0.03	0.14	-0.22	0.0	-0.17	-0.26	0.03	-0.22	0.13	0.1	-0.29	0.29	0.35	0.43	0.4	-0.3	-0.37	-0.07	-0.19	-0.1	0.3	0.15	0.04	0.16	0.29	0.26	0.13	0.18	0.26	0.12
Total Assets	0.12		0.61	0.37	0.99	0.99	1.0	0.84	0.95	0.84	0.84	0.98	0.82	0.86	0.58	0.15	0.68	0.05	0.61	0.17	-0.66	0.6	-0.42	0.95	-0.88	-0.65	0.2	0.6	0.55	-0.65	0.27	0.17	-0.09	0.52	0.65	0.12	-0.44	0.1	0.73	0.65	0.27	0.98	0.82	0.96	0.62	0.92	0.99	0.97	0.91	1.0
Cash and Equivalents	0.04	0.61		0.01	0.64	0.54	0.62	0.57	0.55	0.57	0.57	0.53	0.53	0.62	0.23	0.08	0.52	-0.21	0.7	0.45	-0.34	0.75	-0.39	0.41	-0.41	-0.28	0.23	0.37	0.34	-0.03	0.34	0.11	-0.1	0.24	0.35	0.12	-0.24	0.13	0.25	0.75	0.62	0.66	0.53	0.65	0.07	0.62	0.53	0.63	0.52	0.61
Total Debt	0.19	0.37	0.01		0.27	0.38	0.37	0.2	0.36	0.2	0.2	0.41	0.24	0.41	0.4	-0.27	0.06	0.38	0.03	-0.32	-0.58	-0.14	0.1	0.34	-0.43	-0.48	-0.12	0.04	-0.07	-0.35	-0.2	0.16	0.26	0.41	0.43	-0.07	-0.39	-0.11	0.22	-0.17	-0.48	0.29	0.25	0.31	0.67	0.23	0.47	0.36	0.41	0.37
Deposit Liabilities	0.1	0.99	0.64	0.27		0.99	0.99	0.84	0.94	0.84	0.84	0.97	0.82	0.85	0.55	0.18	0.69	0.0	0.63	0.22	-0.62	0.64	-0.45	0.94	-0.86	-0.62	0.21	0.61	0.58	-0.63	0.3	0.16	-0.13	0.5	0.62	0.13	-0.41	0.11	0.73	0.69	0.33	0.98	0.82	0.96	0.57	0.93	0.97	0.97	0.89	0.99
Shareholders Equity	0.12	0.99	0.54	0.38	0.99		0.99	0.85	0.97	0.85	0.85	0.99	0.84	0.86	0.62	0.12	0.7	0.09	0.6	0.13	-0.64	0.55	-0.37	0.95	-0.92	-0.69	0.23	0.62	0.53	-0.66	0.29	0.12	-0.05	0.52	0.67	0.15	-0.42	0.14	0.74	0.62	0.24	0.98	0.84	0.97	0.66	0.91	0.99	0.98	0.93	0.99
Total Liabilities	0.12	1.0	0.62	0.37	0.99	0.99		0.83	0.95	0.83	0.83	0.98	0.82	0.86	0.58	0.15	0.67	0.04	0.61	0.17	-0.66	0.61	-0.42	0.94	-0.88	-0.64	0.19	0.6	0.56	-0.65	0.27	0.17	-0.1	0.52	0.65	0.12	-0.44	0.1	0.73	0.65	0.27	0.98	0.82	0.96	0.62	0.93	0.99	0.97	0.91	1.0
Consolidated Income	-0.04	0.84	0.57	0.2	0.84	0.85	0.83		0.95	1.0	1.0	0.87	0.99	0.72	0.75	0.18	0.82	0.05	0.62	0.27	-0.42	0.56	0.02	0.82	-0.8	-0.54	0.63	0.9	0.52	-0.52	0.7	-0.37	-0.06	0.13	0.41	0.6	0.03	0.57	0.84	0.62	0.29	0.87	0.99	0.86	0.35	0.81	0.81	0.83	0.8	0.84
Gross Profit	0.08	0.95	0.55	0.36	0.94	0.97	0.95	0.95		0.95	0.95	0.98	0.95	0.84	0.75	0.14	0.77	0.14	0.61	0.17	-0.57	0.55	-0.16	0.92	-0.91	-0.69	0.41	0.76	0.5	-0.61	0.46	-0.1	0.01	0.4	0.61	0.35	-0.26	0.33	0.82	0.64	0.22	0.96	0.95	0.96	0.58	0.88	0.95	0.95	0.92	0.95
Net Income	-0.04	0.84	0.57	0.2	0.84	0.85	0.83	1.0	0.95		1.0	0.87	0.99	0.72	0.75	0.18	0.82	0.05	0.62	0.27	-0.42	0.56	0.02	0.82	-0.8	-0.54	0.63	0.9	0.52	-0.52	0.7	-0.37	-0.06	0.13	0.41	0.6	0.03	0.57	0.84	0.62	0.29	0.87	0.99	0.86	0.35	0.81	0.81	0.83	0.8	0.84
Net Income Common Stock	-0.04	0.84	0.57	0.2	0.84	0.85	0.83	1.0	0.95	1.0		0.87	0.99	0.72	0.75	0.18	0.82	0.05	0.62	0.27	-0.42	0.56	0.02	0.82	-0.8	-0.54	0.63	0.9	0.52	-0.52	0.7	-0.37	-0.06	0.13	0.41	0.6	0.03	0.57	0.84	0.62	0.29	0.87	0.99	0.86	0.35	0.81	0.81	0.83	0.8	0.84
Operating Expenses	0.1	0.98	0.53	0.41	0.97	0.99	0.98	0.87	0.98	0.87	0.87		0.86	0.87	0.65	0.11	0.72	0.14	0.58	0.1	-0.64	0.55	-0.29	0.94	-0.93	-0.73	0.24	0.64	0.47	-0.63	0.29	0.08	0.01	0.53	0.68	0.18	-0.42	0.15	0.77	0.63	0.2	0.98	0.86	0.97	0.68	0.88	0.99	0.98	0.94	0.98
Operating Income	0.04	0.82	0.53	0.24	0.82	0.84	0.82	0.99	0.95	0.99	0.99	0.86		0.72	0.83	0.19	0.78	0.13	0.61	0.25	-0.41	0.51	0.07	0.81	-0.81	-0.57	0.66	0.89	0.5	-0.51	0.68	-0.39	0.01	0.15	0.43	0.61	0.03	0.6	0.83	0.59	0.25	0.85	1.0	0.84	0.38	0.8	0.8	0.82	0.81	0.82
Weighted Average Shares	0.31	0.86	0.62	0.41	0.85	0.86	0.86	0.72	0.84	0.72	0.72	0.87	0.72		0.61	-0.17	0.73	0.18	0.78	0.15	-0.41	0.42	-0.39	0.68	-0.89	-0.82	0.23	0.36	0.23	-0.29	0.17	0.19	0.35	0.71	0.89	-0.01	-0.58	0.08	0.39	0.63	0.36	0.92	0.73	0.93	0.78	0.78	0.86	0.94	0.97	0.86
Income Tax Expense	0.41	0.58	0.23	0.4	0.55	0.62	0.58	0.75	0.75	0.75	0.75	0.65	0.83	0.61		0.18	0.44	0.4	0.48	0.18	-0.3	0.19	0.26	0.56	-0.69	-0.57	0.66	0.67	0.35	-0.36	0.45	-0.36	0.28	0.21	0.45	0.49	0.01	0.6	0.61	0.32	0.06	0.62	0.83	0.63	0.44	0.63	0.61	0.62	0.69	0.58
Capital Expenditure	0.2	0.15	0.08	-0.27	0.18	0.12	0.15	0.18	0.14	0.18	0.18	0.11	0.19	-0.17	0.18		-0.19	-0.16	-0.02	0.18	-0.17	0.43	0.01	0.28	0.06	0.2	0.19	0.35	0.59	-0.34	0.2	-0.07	-0.53	-0.23	-0.31	0.27	0.22	0.2	0.44	0.12	0.03	0.09	0.18	0.05	-0.38	0.3	0.11	0.04	-0.06	0.14
Share Based Compensation	-0.16	0.68	0.52	0.06	0.69	0.7	0.67	0.82	0.77	0.82	0.82	0.72	0.78	0.73	0.44	-0.19		-0.1	0.71	0.18	-0.11	0.46	-0.12	0.59	-0.72	-0.56	0.48	0.63	0.22	-0.23	0.6	-0.33	0.15	0.2	0.51	0.4	-0.1	0.39	0.51	0.54	0.44	0.77	0.78	0.77	0.43	0.6	0.65	0.75	0.75	0.68
Calculated Tax Rate	-0.01	0.05	-0.21	0.38	0.0	0.09	0.04	0.05	0.14	0.05	0.05	0.14	0.13	0.18	0.4	-0.16	-0.1		-0.14	0.12	-0.29	-0.46	0.35	0.04	-0.27	-0.44	0.0	-0.02	-0.32	0.04	-0.19	0.0	0.51	0.32	0.31	-0.03	-0.17	-0.02	0.07	0.22	-0.45	0.07	0.12	0.11	0.4	-0.06	0.11	0.11	0.23	0.05
PPandE Turnover	0.4	0.61	0.7	0.03	0.63	0.6	0.61	0.62	0.61	0.62	0.62	0.58	0.61	0.78	0.48	-0.02	0.71	-0.14		0.5	-0.09	0.58	-0.38	0.39	-0.54	-0.43	0.39	0.34	0.38	0.02	0.35	-0.05	0.2	0.33	0.56	0.1	-0.26	0.26	0.17	0.55	0.77	0.71	0.62	0.71	0.34	0.71	0.56	0.7	0.7	0.62
Cash Flow Per Share	-0.01	0.17	0.45	-0.32	0.22	0.13	0.17	0.27	0.17	0.27	0.27	0.1	0.25	0.15	0.18	0.18	0.18	0.12	0.5		0.04	0.21	-0.19	0.07	0.06	0.24	0.38	0.26	0.49	0.04	0.38	-0.14	-0.26	-0.22	-0.12	0.24	0.25	0.35	0.06	0.48	0.55	0.21	0.26	0.17	-0.28	0.4	0.1	0.16	0.08	0.17
Revenue to Assets	0.03	-0.66	-0.34	-0.58	-0.62	-0.64	-0.66	-0.42	-0.57	-0.42	-0.42	-0.64	-0.41	-0.41	-0.3	-0.17	-0.11	-0.29	-0.09	0.04		-0.4	0.13	-0.69	0.53	0.43	0.28	-0.29	-0.26	0.49	0.17	-0.28	0.15	-0.4	-0.32	0.11	0.4	0.27	-0.55	-0.42	0.2	-0.55	-0.41	-0.55	-0.44	-0.5	-0.69	-0.57	-0.49	-0.66
Total Assets Per Share	0.14	0.6	0.75	-0.14	0.64	0.55	0.61	0.56	0.55	0.56	0.56	0.55	0.51	0.42	0.19	0.43	0.46	-0.46	0.58	0.21	-0.4		-0.34	0.54	-0.37	-0.23	0.09	0.45	0.46	-0.16	0.26	0.07	-0.28	0.16	0.19	0.09	-0.21	0.03	0.47	0.6	0.62	0.62	0.51	0.61	-0.02	0.6	0.53	0.58	0.45	0.6
Asset Turnover	-0.22	-0.42	-0.39	0.1	-0.45	-0.37	-0.42	0.02	-0.16	0.02	0.02	-0.29	0.07	-0.39	0.26	0.01	-0.12	0.35	-0.38	-0.19	0.13	-0.34		-0.3	0.21	0.07	0.39	0.25	-0.37	0.24	0.32	-0.77	0.25	-0.52	-0.41	0.6	0.63	0.49	0.12	-0.28	-0.51	-0.39	0.07	-0.35	-0.27	-0.45	-0.38	-0.39	-0.3	-0.42
Book Value per Share	0.0	0.95	0.41	0.34	0.94	0.95	0.94	0.82	0.92	0.82	0.82	0.94	0.81	0.68	0.56	0.28	0.59	0.04	0.39	0.07	-0.69	0.54	-0.3		-0.83	-0.54	0.2	0.7	0.62	-0.82	0.31	0.07	-0.26	0.37	0.47	0.23	-0.29	0.15	0.87	0.52	0.1	0.88	0.81	0.86	0.52	0.86	0.95	0.87	0.8	0.94
Debt to Equity Ratio	-0.17	-0.88	-0.41	-0.43	-0.86	-0.92	-0.88	-0.8	-0.91	-0.8	-0.8	-0.93	-0.81	-0.89	-0.69	0.06	-0.72	-0.27	-0.54	0.06	0.53	-0.37	0.21	-0.83		0.88	-0.24	-0.53	-0.22	0.49	-0.22	-0.06	-0.29	-0.64	-0.83	-0.11	0.49	-0.13	-0.63	-0.56	-0.15	-0.91	-0.81	-0.93	-0.79	-0.73	-0.9	-0.93	-0.97	-0.89
Dividend Yield	-0.26	-0.65	-0.28	-0.48	-0.62	-0.69	-0.64	-0.54	-0.69	-0.54	-0.54	-0.73	-0.57	-0.82	-0.57	0.2	-0.56	-0.44	-0.43	0.24	0.43	-0.23	0.07	-0.54	0.88		-0.03	-0.21	0.19	0.14	0.06	-0.16	-0.64	-0.8	-0.91	0.12	0.65	0.09	-0.35	-0.49	-0.03	-0.72	-0.57	-0.77	-0.86	-0.42	-0.68	-0.77	-0.87	-0.65
EBITDA Margin	0.03	0.2	0.23	-0.12	0.21	0.23	0.19	0.63	0.41	0.63	0.63	0.24	0.66	0.23	0.66	0.19	0.48	0.0	0.39	0.38	0.28	0.09	0.39	0.2	-0.24	-0.03		0.74	0.39	-0.16	0.91	-0.76	-0.02	-0.42	-0.07	0.88	0.6	0.98	0.43	0.16	0.22	0.26	0.66	0.25	-0.16	0.37	0.16	0.22	0.24	0.19
Earnings per Basic Share	-0.22	0.6	0.37	0.04	0.61	0.62	0.6	0.9	0.76	0.9	0.9	0.64	0.89	0.36	0.67	0.35	0.63	-0.02	0.34	0.26	-0.29	0.45	0.25	0.7	-0.53	-0.21	0.74		0.59	-0.57	0.85	-0.6	-0.31	-0.26	0.01	0.82	0.39	0.75	0.89	0.42	0.13	0.6	0.89	0.57	0.01	0.63	0.58	0.54	0.48	0.6
Free Cash Flow per Share	0.13	0.55	0.34	-0.07	0.58	0.53	0.56	0.52	0.5	0.52	0.52	0.47	0.5	0.23	0.35	0.59	0.22	-0.32	0.38	0.49	-0.26	0.46	-0.37	0.62	-0.22	0.19	0.39	0.59		-0.7	0.46	-0.05	-0.72	-0.19	-0.11	0.37	0.19	0.39	0.59	0.22	0.32	0.47	0.51	0.4	-0.11	0.78	0.52	0.42	0.27	0.55
Gross Margin	0.1	-0.65	-0.03	-0.35	-0.63	-0.66	-0.65	-0.52	-0.61	-0.52	-0.52	-0.63	-0.51	-0.29	-0.36	-0.34	-0.23	0.04	0.02	0.04	0.49	-0.16	0.24	-0.82	0.49	0.14	-0.16	-0.57	-0.7		-0.27	-0.08	0.55	-0.08	-0.12	-0.26	0.05	-0.19	-0.78	-0.06	0.22	-0.51	-0.51	-0.47	-0.31	-0.64	-0.69	-0.51	-0.41	-0.65
Profit Margin	-0.29	0.27	0.34	-0.2	0.3	0.29	0.27	0.7	0.46	0.7	0.7	0.29	0.68	0.17	0.45	0.2	0.6	-0.19	0.35	0.38	0.17	0.26	0.32	0.31	-0.22	0.06	0.91	0.85	0.46	-0.27		-0.78	-0.27	-0.53	-0.2	0.93	0.65	0.92	0.56	0.24	0.24	0.31	0.68	0.29	-0.26	0.39	0.22	0.25	0.2	0.27
Payout Ratio	0.29	0.17	0.11	0.16	0.16	0.12	0.17	-0.37	-0.1	-0.37	-0.37	0.08	-0.39	0.19	-0.36	-0.07	-0.33	0.0	-0.05	-0.14	-0.28	0.07	-0.77	0.07	-0.06	-0.16	-0.76	-0.6	-0.05	-0.08	-0.78		0.0	0.7	0.41	-0.88	-0.82	-0.83	-0.3	0.11	0.05	0.11	-0.39	0.11	0.35	0.08	0.17	0.16	0.11	0.17
Price to Book Value	0.35	-0.09	-0.1	0.26	-0.13	-0.05	-0.1	-0.06	0.01	-0.06	-0.06	0.01	0.01	0.35	0.28	-0.53	0.15	0.51	0.2	-0.26	0.15	-0.28	0.25	-0.26	-0.29	-0.64	-0.02	-0.31	-0.72	0.55	-0.27	0.0		0.52	0.61	-0.24	-0.39	-0.11	-0.36	0.06	-0.03	0.04	0.01	0.12	0.53	-0.24	-0.06	0.11	0.31	-0.09
Price to Earnings Ratio	0.43	0.52	0.24	0.41	0.5	0.52	0.52	0.13	0.4	0.13	0.13	0.53	0.15	0.71	0.21	-0.23	0.2	0.32	0.33	-0.22	-0.4	0.16	-0.52	0.37	-0.64	-0.8	-0.42	-0.26	-0.19	-0.08	-0.53	0.7	0.52		0.91	-0.64	-0.96	-0.55	-0.01	0.39	0.1	0.56	0.15	0.59	0.83	0.33	0.55	0.62	0.68	0.53
Price to Sales Ratio	0.4	0.65	0.35	0.43	0.62	0.67	0.65	0.41	0.61	0.41	0.41	0.68	0.43	0.89	0.45	-0.31	0.51	0.31	0.56	-0.12	-0.32	0.19	-0.41	0.47	-0.83	-0.91	-0.07	0.01	-0.11	-0.12	-0.2	0.41	0.61	0.91		-0.34	-0.8	-0.22	0.13	0.46	0.22	0.72	0.43	0.76	0.9	0.49	0.67	0.77	0.86	0.65
Return on Average Assets	-0.3	0.12	0.12	-0.07	0.13	0.15	0.12	0.6	0.35	0.6	0.6	0.18	0.61	-0.01	0.49	0.27	0.4	-0.03	0.1	0.24	0.11	0.09	0.6	0.23	-0.11	0.12	0.88	0.82	0.37	-0.26	0.93	-0.88	-0.24	-0.64	-0.34		0.77	0.93	0.58	0.07	-0.06	0.14	0.6	0.12	-0.31	0.23	0.11	0.08	0.06	0.12
Return on Average Equity	-0.37	-0.44	-0.24	-0.39	-0.41	-0.42	-0.44	0.03	-0.26	0.03	0.03	-0.42	0.03	-0.58	0.01	0.22	-0.1	-0.17	-0.26	0.25	0.4	-0.21	0.63	-0.29	0.49	0.65	0.6	0.39	0.19	0.05	0.65	-0.82	-0.39	-0.96	-0.8	0.77		0.72	0.11	-0.29	-0.12	-0.45	0.02	-0.48	-0.73	-0.24	-0.46	-0.51	-0.54	-0.44
Return on Sales	-0.07	0.1	0.13	-0.11	0.11	0.14	0.1	0.57	0.33	0.57	0.57	0.15	0.6	0.08	0.6	0.2	0.39	-0.02	0.26	0.35	0.27	0.03	0.49	0.15	-0.13	0.09	0.98	0.75	0.39	-0.19	0.92	-0.83	-0.11	-0.55	-0.22	0.93	0.72		0.44	0.05	0.12	0.15	0.6	0.13	-0.26	0.28	0.08	0.1	0.11	0.1
Sales per Share	-0.19	0.73	0.25	0.22	0.73	0.74	0.73	0.84	0.82	0.84	0.84	0.77	0.83	0.39	0.61	0.44	0.51	0.07	0.17	0.06	-0.55	0.47	0.12	0.87	-0.63	-0.35	0.43	0.89	0.59	-0.78	0.56	-0.3	-0.36	-0.01	0.13	0.58	0.11	0.44		0.41	-0.08	0.67	0.83	0.65	0.22	0.67	0.73	0.64	0.56	0.73
Net Income Per Employee	-0.1	0.65	0.75	-0.17	0.69	0.62	0.65	0.62	0.64	0.62	0.62	0.63	0.59	0.63	0.32	0.12	0.54	0.22	0.55	0.48	-0.42	0.6	-0.28	0.52	-0.56	-0.49	0.16	0.42	0.22	-0.06	0.24	0.11	0.06	0.39	0.46	0.07	-0.29	0.05	0.41		0.47	0.73	0.59	0.73	0.21	0.58	0.58	0.69	0.62	0.65
Revenue Per Employee