Mitcham Story

MIND -  USA Stock  

USD 2.28  0.02  0.89%

It looks like Dynasil Cp will be up for a correction faster as its share price went up 0.81% today to Mitcham Industries's 0.85%While some baby boomers are getting worried about technology space, we are going to digest both, Mitcham Industries and Dynasil Cp as potential shorter-term investments. We are going to discuss some of the competitive aspects of both Mitcham and Dynasil.
Published over three weeks ago
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Is Mitcham riskier than Dynasil Cp America (OTC:DYSL)?
By analyzing existing basic indicators between Mitcham Industries and Dynasil, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Dynasil with a short position in Mitcham Industries. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Mitcham Industries has an asset utilization ratio of 27.05 percent. This indicates that the company is making $0.27 for each dollar of assets. An increasing asset utilization means that Mitcham Industries is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Mitcham or Dynasil is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Mitcham Industries's Liquidity

Mitcham Industries financial leverage refers to using borrowed capital as a funding source to finance Mitcham Industries ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Mitcham Industries 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 Mitcham Industries's total debt and its cash.

Correlation Between Mitcham and Dynasil Cp America

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Mitcham Industries together with similar or unrelated positions with a negative correlation. For example, you can also add Dynasil Cp to your portfolio. If Dynasil Cp is not perfectly correlated to Mitcham Industries it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Mitcham Industries for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Please check pair correlation details between MIND and DYSL for more information.

Note

Are you currently holding both Mitcham Industries and Dynasil Cp in your portfolio?
Please note if you are using this as a pair-trade strategy between Mitcham Industries and Dynasil Cp, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses.

Breaking it down a bit more

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now check Mitcham Industries revenue. Based on the latest financial disclosure, Mitcham Industries reported 36.45 M of revenue. This is 99.11% lower than that of the Technology sector and 96.94% lower than that of the Scientific & Technical Instruments industry. The revenue for all United States stocks is 99.61% higher than that of the firm. As for Dynasil Cp we see revenue of 43.7 M, which is 96.33% lower than that of the Scientific & Technical Instruments

Sector
1.2 B
MIND36.45 Million2.87
Sector1.19 Billion93.69
DYSL43.7 Million3.44

Mitcham Industries has 58 percent chance to dip under $2.39 in the coming weeks

Mitcham Industries latest semi deviation ascents over 2.55. Mitcham Industries currently demonstrates below-average downside deviation. It has Information Ratio of -0.01 and Jensen Alpha of -0.07. However, we advise investors to further question Mitcham Industries expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Mitcham Industries' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Mitcham Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

The Current Takeaway on Mitcham Industries Investment

Although many other companies in the scientific & technical instruments industry are either recovering or due for a correction, Mitcham Industries may not be performing as strong as the other in terms of long-term growth potentials. While some shareholders may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Mitcham Industries.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Mitcham Industries. Please refer to our Terms of Use for any information regarding our disclosure principles.

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