Dorchester Total Current Liabilities vs Common Stock Analysis
DMLP Stock | USD 32.42 0.13 0.40% |
Dorchester Minerals financial indicator trend analysis is much more than just examining Dorchester Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorchester Minerals is a good investment. Please check the relationship between Dorchester Minerals Total Current Liabilities and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorchester Minerals LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Current Liabilities vs Common Stock
Total Current Liabilities vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorchester Minerals Total Current Liabilities account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dorchester Minerals' Total Current Liabilities and Common Stock is 0.49. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock in the same time period over historical financial statements of Dorchester Minerals LP, assuming nothing else is changed. The correlation between historical values of Dorchester Minerals' Total Current Liabilities and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Dorchester Minerals LP are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Liabilities i.e., Dorchester Minerals' Total Current Liabilities and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Dorchester Minerals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dorchester Minerals LP are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Common Stock
Most indicators from Dorchester Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorchester Minerals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorchester Minerals LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Dorchester Minerals' Selling General Administrative is relatively stable compared to the past year. As of 05/13/2024, Enterprise Value Over EBITDA is likely to grow to 12.82, while Sales General And Administrative To Revenue is likely to drop 0.07.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 75.4M | 138.8M | 125.3M | 131.5M | Total Revenue | 93.4M | 170.8M | 163.8M | 172.0M |
Dorchester Minerals fundamental ratios Correlations
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Dorchester Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dorchester Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 116.9M | 88.3M | 146.8M | 176.2M | 191.1M | 136.5M | |
Other Current Liab | 2.1M | 300K | 291K | 281K | 272K | 433.3K | |
Total Current Liabilities | 2.4M | 1.9M | 2.8M | 3.4M | 4.5M | 4.7M | |
Total Stockholder Equity | 112.3M | 84.6M | 142.4M | 171.5M | 185.4M | 194.7M | |
Accounts Payable | 2.1M | 1.6M | 2.5M | 3.1M | 4.2M | 4.4M | |
Cash | 15.3M | 11.2M | 28.3M | 40.8M | 47.0M | 49.4M | |
Common Stock Shares Outstanding | 34.1M | 34.7M | 35.1M | 37.6M | 38.8M | 32.3M | |
Liabilities And Stockholders Equity | 116.9M | 88.3M | 146.8M | 176.2M | 5.5M | 5.2M | |
Total Liab | 4.5M | 3.8M | 4.4M | 4.7M | 5.5M | 5.8M | |
Property Plant Equipment | 87.0M | 751K | 98.3M | 567K | 510.3K | 484.8K | |
Property Plant And Equipment Net | 88.6M | 70.1M | 100.1M | 113.8M | 121.4M | 80.3M | |
Net Debt | (12.8M) | (9.0M) | (26.4M) | (39.2M) | (45.7M) | (43.4M) | |
Non Current Assets Total | 88.6M | 70.1M | 100.1M | 113.8M | 121.4M | 80.3M | |
Cash And Short Term Investments | 15.3M | 11.2M | 28.3M | 40.8M | 47.0M | 49.4M | |
Net Receivables | 12.9M | 7.0M | 18.4M | 21.7M | 22.7M | 12.1M | |
Other Stockholder Equity | 1.2M | 536K | 982K | 676K | 777.4K | 738.5K | |
Total Current Assets | 28.3M | 18.2M | 46.7M | 62.5M | 69.7M | 73.2M | |
Property Plant And Equipment Gross | 88.6M | 70.1M | 659K | 989K | 508.8M | 534.3M | |
Common Stock | 111.1M | 84.0M | 141.4M | 170.8M | 185.4M | 112.5M | |
Non Current Liabilities Total | 2.2M | 1.9M | 1.6M | 1.3M | 1.0M | 658.8K | |
Non Currrent Assets Other | (88.6M) | (70.1M) | (100.1M) | (113.8M) | (102.4M) | (97.3M) | |
Inventory | 0.0 | (6.6M) | (7.1M) | (14.5M) | (13.1M) | (12.4M) | |
Net Tangible Assets | 112.3M | 84.6M | 142.4M | 171.5M | 197.2M | 119.4M | |
Accumulated Depreciation | (625K) | (679K) | (146K) | (422K) | (485.3K) | (509.6K) | |
Net Invested Capital | 112.3M | 84.6M | 142.4M | 171.5M | 185.6M | 137.3M | |
Net Working Capital | 25.9M | 16.3M | 43.9M | 59.1M | 65.2M | 41.6M |
Pair Trading with Dorchester Minerals
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 Dorchester Minerals 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 Dorchester Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Dorchester Stock
0.68 | AR | Antero Resources Corp | PairCorr |
0.9 | PR | Permian Resources | PairCorr |
0.94 | SD | SandRidge Energy | PairCorr |
0.89 | SM | SM Energy | PairCorr |
Moving against Dorchester Stock
0.45 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Dorchester Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorchester Minerals 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 Dorchester Minerals - 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 Dorchester Minerals LP to buy it.
The correlation of Dorchester Minerals 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 Dorchester Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorchester Minerals 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 Dorchester Minerals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorchester Minerals LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Dorchester Minerals' price analysis, check to measure Dorchester Minerals' 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 Dorchester Minerals is operating at the current time. Most of Dorchester Minerals' value examination focuses on studying past and present price action to predict the probability of Dorchester Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorchester Minerals' price. Additionally, you may evaluate how the addition of Dorchester Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Dorchester Minerals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dorchester Minerals. If investors know Dorchester will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dorchester Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Dividend Share 3.519 | Earnings Share 2.58 | Revenue Per Share 3.807 | Quarterly Revenue Growth (0.23) |
The market value of Dorchester Minerals is measured differently than its book value, which is the value of Dorchester that is recorded on the company's balance sheet. Investors also form their own opinion of Dorchester Minerals' value that differs from its market value or its book value, called intrinsic value, which is Dorchester Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dorchester Minerals' market value can be influenced by many factors that don't directly affect Dorchester Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dorchester Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorchester Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorchester Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.