MAG Cash vs Other Current Liab Analysis
MAG Stock | CAD 19.17 0.18 0.95% |
MAG Silver financial indicator trend analysis is infinitely more than just investigating MAG Silver Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MAG Silver Corp is a good investment. Please check the relationship between MAG Silver Cash and its Other Current Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MAG Silver Corp Cash account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MAG Silver's Cash and Other Current Liab is -0.2. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of MAG Silver Corp, assuming nothing else is changed. The correlation between historical values of MAG Silver's Cash and Other Current 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 Cash of MAG Silver Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., MAG Silver's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of MAG Silver Corp, which is listed under current asset account on MAG Silver Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from MAG Silver customers. The amounts must be unrestricted with restricted cash listed in a different MAG Silver account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Liab
Most indicators from MAG Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MAG Silver Corp 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 MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, MAG Silver's Tax Provision is very stable compared to the past year. As of the 20th of September 2024, Enterprise Value is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 8 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 174K | 630K | 2.5M | 1.3M | Interest Income | 15.9M | 41.0M | 2.6M | 2.5M |
MAG Silver fundamental ratios Correlations
Click cells to compare fundamentals
MAG Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MAG Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 218.8M | 323.1M | 372.4M | 407.8M | 520.5M | 546.6M | |
Total Current Liabilities | 854K | 901K | 1.6M | 2.7M | 4.8M | 5.0M | |
Total Stockholder Equity | 215.2M | 316.7M | 367.5M | 401.7M | 506.8M | 532.1M | |
Net Debt | (71.8M) | (93.5M) | (56.4M) | (29.7M) | (68.6M) | (72.0M) | |
Retained Earnings | (201.5M) | (207.5M) | (196.4M) | (177.8M) | (129.2M) | (135.6M) | |
Cash | 72.4M | 94.0M | 56.7M | 30.0M | 68.7M | 54.2M | |
Non Current Assets Total | 146.1M | 227.7M | 313.0M | 375.9M | 448.5M | 470.9M | |
Non Currrent Assets Other | 661K | 86.7M | 146.1M | 909K | 1.0M | 993.1K | |
Cash And Short Term Investments | 72.4M | 94.0M | 56.7M | 30.0M | 68.7M | 57.0M | |
Common Stock Total Equity | 392.6M | 392.9M | 400.0M | 496.6M | 571.1M | 599.6M | |
Common Stock Shares Outstanding | 86.1M | 91.1M | 95.5M | 98.6M | 102.6M | 63.6M | |
Liabilities And Stockholders Equity | 218.8M | 323.1M | 372.4M | 407.8M | 520.5M | 546.6M | |
Other Stockholder Equity | 18.0M | 16.8M | 27.5M | 20.0M | (1.0) | (0.95) | |
Total Liab | 3.6M | 6.4M | 4.9M | 6.1M | 13.8M | 14.5M | |
Total Current Assets | 72.7M | 95.4M | 59.4M | 31.9M | 72.1M | 58.2M | |
Common Stock | 400.0M | 496.6M | 543.9M | 559.9M | 614.4M | 346.8M | |
Property Plant And Equipment Net | 8.0M | 13.1M | 20.7M | 37.6M | 52.9M | 55.6M | |
Accounts Payable | 780K | 808K | 1.5M | 2.5M | 2.7M | 2.8M | |
Net Receivables | 83K | 897K | 2.1M | 708K | 1.6M | 894.8K | |
Other Current Assets | 352.0 | 1.4K | 2.6K | 1.9K | 3.3K | 3.2K | |
Property Plant And Equipment Gross | 8.0M | 13.1M | 21.7M | 38.8M | 52.9M | 55.6M | |
Accumulated Other Comprehensive Income | 16.8M | 27.5M | 20.0M | 19.6M | 21.5M | 22.6M | |
Short Term Debt | 74K | 93K | 110K | 121K | 154K | 146.3K | |
Non Current Liabilities Total | 2.7M | 5.5M | 3.2M | 3.5M | 9.0M | 9.4M | |
Other Liab | 2.2M | 5.1M | 3.0M | 3.3M | 3.0M | 2.5M | |
Net Tangible Assets | 215.2M | 316.7M | 367.5M | 401.7M | 462.0M | 256.5M | |
Long Term Investments | 138.1M | 214.5M | 292.3M | 338.3M | 394.6M | 414.4M | |
Property Plant Equipment | 8.0M | 13.1M | 20.7M | 37.6M | 33.8M | 19.9M | |
Long Term Debt Total | 467K | 383K | 275K | 140K | 161K | 198.8K | |
Cash And Equivalents | 0.0 | 94.0M | 56.7M | 30.0M | 27.0M | 53.6M | |
Net Invested Capital | 215.2M | 316.7M | 367.5M | 401.7M | 506.8M | 352.3M | |
Net Working Capital | 71.9M | 94.5M | 57.8M | 29.2M | 67.3M | 69.7M | |
Capital Stock | 400.0M | 496.6M | 543.9M | 559.9M | 614.4M | 551.4M |
Pair Trading with MAG Silver
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 MAG Silver 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 MAG Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with MAG Stock
The ability to find closely correlated positions to MAG Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MAG Silver 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 MAG Silver - 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 MAG Silver Corp to buy it.
The correlation of MAG Silver 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 MAG Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAG Silver Corp 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 MAG Silver 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 Information and Resources on Investing in MAG Stock
When determining whether MAG Silver Corp is a strong investment it is important to analyze MAG Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAG Silver's future performance. For an informed investment choice regarding MAG Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.