Mill Selling General Administrative vs Depreciation And Amortization Analysis
| MCVT Stock | USD 2.55 0.02 0.79% |
Mill City financial indicator trend analysis is infinitely more than just investigating Mill City Ventures recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mill City Ventures is a good investment. Please check the relationship between Mill City Selling General Administrative and its Depreciation And Amortization accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mill City Ventures. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mill City Ventures Selling General Administrative account and Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mill City's Selling General Administrative and Depreciation And Amortization is -0.1. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Mill City Ventures, assuming nothing else is changed. The correlation between historical values of Mill City's Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Mill City Ventures are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., Mill City's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Selling General Administrative
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Mill City's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mill City Ventures 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 Mill City Ventures. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. At this time, Mill City's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 15.7 M in 2024, despite the fact that Tax Provision is likely to grow to (195.6 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.7M | 4.2M | 3.3M | 3.5M | Net Interest Income | 2.7M | 4.0M | 3.2M | 1.6M |
Mill City fundamental ratios Correlations
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Mill City Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mill City fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 10.1M | 12.5M | 16.7M | 18.6M | 19.1M | 20.1M | |
| Total Current Liabilities | 25.0K | 572.2K | 2.0M | 136.5K | 81.0K | 76.9K | |
| Total Stockholder Equity | 10.1M | 11.6M | 13.4M | 18.3M | 18.6M | 19.5M | |
| Net Debt | (8.0M) | (5.4M) | (1.9M) | (1.1M) | (366.7K) | (385.1K) | |
| Retained Earnings | (3.6M) | (3.3M) | (3.0M) | (1.8M) | (3.5M) | (3.3M) | |
| Accounts Payable | 25.0K | 572.2K | 2.0M | 136.5K | 71.7K | 68.1K | |
| Cash | 8.1M | 5.4M | 1.9M | 1.1M | 376.0K | 357.2K | |
| Non Current Assets Total | 1.8M | 6.7M | 14.1M | 16.7M | 9.3K | 8.8K | |
| Cash And Short Term Investments | 8.1M | 5.4M | 1.9M | 1.1M | 17.3M | 18.2M | |
| Liabilities And Stockholders Equity | 10.1M | 12.5M | 16.7M | 18.6M | 19.1M | 20.1M | |
| Non Current Liabilities Total | 45.0K | 26.1K | 5.7K | 136.5K | 435.4K | 457.2K | |
| Other Current Assets | (8.3M) | (8.6M) | (14.2M) | (16.9M) | (17.9M) | (17.0M) | |
| Other Stockholder Equity | 10.8M | 10.7M | 10.7M | 15.0M | 16.9M | 9.3M | |
| Total Liab | 70.0K | 870.0K | 3.3M | 223.2K | 516.4K | 408.7K | |
| Total Current Assets | 8.3M | 5.8M | 2.5M | 1.6M | 640.4K | 608.4K | |
| Other Current Liab | (25.0K) | (572.2K) | (2.0M) | (86.7K) | 444.7K | 467.0K | |
| Short Term Debt | 45.0K | 26.1K | 5.7K | 16.6K | 9.3K | 8.8K | |
| Property Plant And Equipment Net | 42.9K | 23.3K | 5.0K | 16.4K | 9.3K | 8.8K | |
| Non Currrent Assets Other | (1.8M) | (6.7M) | (14.1M) | (16.7M) | 165.3K | 173.6K | |
| Other Assets | 31.6K | 43.8K | 83.7K | 250.2K | 18.5M | 19.4M | |
| Net Receivables | 256.5K | 335.2K | 574.4K | 500.9K | 514.4K | 300.5K | |
| Accumulated Other Comprehensive Income | 2.8M | 4.2M | 5.7M | 5.1M | 5.2M | 5.4M | |
| Net Tangible Assets | 10.1M | 11.6M | 13.4M | 17.9M | 20.6M | 13.4M | |
| Long Term Investments | 1.7M | 6.7M | 14.1M | 16.7M | 17.3M | 10.7M | |
| Property Plant Equipment | 42.9K | 23.3K | 5.0K | 16.4K | 14.8K | 22.2K |
Pair Trading with Mill City
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 Mill City 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 Mill City will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mill City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mill City 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 Mill City - 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 Mill City Ventures to buy it.
The correlation of Mill City 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 Mill City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mill City Ventures 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 Mill City 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mill City Ventures. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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Is Mill City's 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 Mill City. If investors know Mill 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 Mill City 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 (0.89) | Revenue Per Share 0.519 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0346 | Return On Equity (0) |
The market value of Mill City Ventures is measured differently than its book value, which is the value of Mill that is recorded on the company's balance sheet. Investors also form their own opinion of Mill City's value that differs from its market value or its book value, called intrinsic value, which is Mill City's 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 Mill City's market value can be influenced by many factors that don't directly affect Mill City's 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 Mill City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mill City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mill City's 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.