MDU Retained Earnings vs Common Stock Shares Outstanding Analysis

MDU Stock

USD 24.39 0.07 0.29%

MDU Resources financial indicator trend analysis is infinitely more than just investigating MDU Resources Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDU Resources Group is a good investment. Please check the relationship between MDU Resources Retained Earnings and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Retained Earnings vs Common Stock Shares Outstanding

Retained Earnings vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MDU Resources Group Retained Earnings account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.

The correlation between MDU Resources' Retained Earnings and Common Stock Shares Outstanding is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of MDU Resources Group, assuming nothing else is changed. The correlation between historical values of MDU Resources' Retained Earnings and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of MDU Resources Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Retained Earnings i.e., MDU Resources' Retained Earnings and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from MDU Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDU Resources Group 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 MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, MDU Resources' Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 257.2 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 5.14 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	622M	590.9M
Total Revenue	5.7B	7.0B	4.7B	3.0B

Gross Profit Total Revenue

MDU Resources fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Total Assets		0.91	0.95	-0.02	0.93	0.97	0.99	0.94	0.88	0.93	0.15	0.99	-0.27	0.15	0.92	0.88	0.98	0.78	0.16	0.88	0.99	0.88	0.94	0.52	0.9	0.44
Common Stock Shares Outstanding	0.91		0.82	-0.06	0.82	0.91	0.9	0.82	0.73	0.8	0.16	0.93	-0.16	0.16	0.81	0.98	0.92	0.68	0.17	0.85	0.91	0.69	0.82	0.41	1.0	0.44
Short Long Term Debt Total	0.95	0.82		-0.02	0.92	0.91	0.94	1.0	0.79	0.94	0.02	0.95	-0.43	0.02	0.96	0.81	0.97	0.67	0.32	0.92	0.98	0.93	0.95	0.54	0.81	0.37
Other Current Liab	-0.02	-0.06	-0.02		0.18	0.11	0.07	-0.04	0.21	0.17	0.4	0.02	0.34	0.4	0.09	0.05	-0.06	-0.25	0.59	-0.03	0.0	0.16	0.13	0.31	-0.03	-0.73
Total Current Liabilities	0.93	0.82	0.92	0.18		0.91	0.92	0.91	0.83	0.95	0.27	0.92	-0.24	0.27	0.94	0.81	0.9	0.68	0.35	0.84	0.94	0.9	0.97	0.74	0.81	0.18
Total Stockholder Equity	0.97	0.91	0.91	0.11	0.91		0.99	0.89	0.94	0.93	0.27	0.99	-0.19	0.27	0.9	0.88	0.96	0.76	0.23	0.83	0.96	0.85	0.93	0.51	0.91	0.36
Property Plant And Equipment Net	0.99	0.9	0.94	0.07	0.92	0.99		0.93	0.92	0.94	0.17	0.99	-0.23	0.17	0.91	0.88	0.98	0.74	0.25	0.87	0.98	0.88	0.94	0.51	0.9	0.39
Net Debt	0.94	0.82	1.0	-0.04	0.91	0.89	0.93		0.77	0.94	-0.03	0.94	-0.45	-0.03	0.95	0.8	0.97	0.66	0.31	0.92	0.97	0.93	0.94	0.53	0.8	0.38
Retained Earnings	0.88	0.73	0.79	0.21	0.83	0.94	0.92	0.77		0.88	0.36	0.88	-0.16	0.36	0.81	0.69	0.83	0.78	0.17	0.62	0.85	0.79	0.87	0.44	0.74	0.3
Accounts Payable	0.93	0.8	0.94	0.17	0.95	0.93	0.94	0.94	0.88		0.14	0.93	-0.33	0.14	0.98	0.8	0.93	0.67	0.37	0.8	0.95	0.93	0.98	0.54	0.79	0.21
Cash	0.15	0.16	0.02	0.4	0.27	0.27	0.17	-0.03	0.36	0.14		0.16	0.31	1.0	0.09	0.14	0.07	0.21	0.17	0.02	0.11	0.08	0.23	0.27	0.18	-0.3
Non Current Assets Total	0.99	0.93	0.95	0.02	0.92	0.99	0.99	0.94	0.88	0.93	0.16		-0.26	0.16	0.92	0.91	0.99	0.75	0.23	0.89	0.99	0.87	0.93	0.5	0.93	0.42
Non Currrent Assets Other	-0.27	-0.16	-0.43	0.34	-0.24	-0.19	-0.23	-0.45	-0.16	-0.33	0.31	-0.26		0.31	-0.45	-0.11	-0.36	-0.24	-0.2	-0.28	-0.35	-0.38	-0.4	0.09	-0.14	-0.28
Cash And Short Term Investments	0.15	0.16	0.02	0.4	0.27	0.27	0.17	-0.03	0.36	0.14	1.0	0.16	0.31		0.09	0.14	0.07	0.21	0.17	0.02	0.11	0.08	0.23	0.27	0.18	-0.3
Net Receivables	0.92	0.81	0.96	0.09	0.94	0.9	0.91	0.95	0.81	0.98	0.09	0.92	-0.45	0.09		0.81	0.94	0.64	0.4	0.85	0.96	0.92	0.98	0.51	0.8	0.23
Common Stock Total Equity	0.88	0.98	0.81	0.05	0.81	0.88	0.88	0.8	0.69	0.8	0.14	0.91	-0.11	0.14	0.81		0.9	0.54	0.3	0.86	0.89	0.71	0.8	0.4	0.98	0.31
Non Current Liabilities Total	0.98	0.92	0.97	-0.06	0.9	0.96	0.98	0.97	0.83	0.93	0.07	0.99	-0.36	0.07	0.94	0.9		0.72	0.24	0.91	0.99	0.87	0.93	0.44	0.91	0.45
Inventory	0.78	0.68	0.67	-0.25	0.68	0.76	0.74	0.66	0.78	0.67	0.21	0.75	-0.24	0.21	0.64	0.54	0.72		-0.33	0.48	0.73	0.56	0.71	0.44	0.67	0.7
Other Current Assets	0.16	0.17	0.32	0.59	0.35	0.23	0.25	0.31	0.17	0.37	0.17	0.23	-0.2	0.17	0.4	0.3	0.24	-0.33		0.37	0.27	0.42	0.37	0.2	0.2	-0.61
Other Stockholder Equity	0.88	0.85	0.92	-0.03	0.84	0.83	0.87	0.92	0.62	0.8	0.02	0.89	-0.28	0.02	0.85	0.86	0.91	0.48	0.37		0.91	0.82	0.83	0.53	0.84	0.29
Total Liab	0.99	0.91	0.98	0.0	0.94	0.96	0.98	0.97	0.85	0.95	0.11	0.99	-0.35	0.11	0.96	0.89	0.99	0.73	0.27	0.91		0.9	0.96	0.52	0.9	0.4
Property Plant And Equipment Gross	0.88	0.69	0.93	0.16	0.9	0.85	0.88	0.93	0.79	0.93	0.08	0.87	-0.38	0.08	0.92	0.71	0.87	0.56	0.42	0.82	0.9		0.93	0.56	0.68	0.14
Total Current Assets	0.94	0.82	0.95	0.13	0.97	0.93	0.94	0.94	0.87	0.98	0.23	0.93	-0.4	0.23	0.98	0.8	0.93	0.71	0.37	0.83	0.96	0.93		0.57	0.81	0.23
Short Term Debt	0.52	0.41	0.54	0.31	0.74	0.51	0.51	0.53	0.44	0.54	0.27	0.5	0.09	0.27	0.51	0.4	0.44	0.44	0.2	0.53	0.52	0.56	0.57		0.41	-0.05
Common Stock	0.9	1.0	0.81	-0.03	0.81	0.91	0.9	0.8	0.74	0.79	0.18	0.93	-0.14	0.18	0.8	0.98	0.91	0.67	0.2	0.84	0.9	0.68	0.81	0.41		0.43
Current Deferred Revenue	0.44	0.44	0.37	-0.73	0.18	0.36	0.39	0.38	0.3	0.21	-0.3	0.42	-0.28	-0.3	0.23	0.31	0.45	0.7	-0.61	0.29	0.4	0.14	0.23	-0.05	0.43

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MDU Resources Account Relationship Matchups

MDU Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	8.1B	8.9B	9.7B	7.8B	4.6B
Common Stock Shares Outstanding	198.6M	200.6M	202.4M	203.5M	203.9M	166.9M
Short Long Term Debt Total	2.4B	2.4B	2.9B	3.2B	2.4B	1.6B
Other Current Liab	3.5M	31.5M	16.3M	255.2M	363.2M	381.4M
Total Current Liabilities	866.4M	963.5M	1.1B	1.5B	1.1B	715.1M
Total Stockholder Equity	2.8B	3.1B	3.4B	3.6B	2.9B	2.2B
Property Plant And Equipment Net	5.0B	5.3B	5.9B	6.2B	5.2B	3.7B
Net Debt	2.3B	2.3B	2.8B	3.1B	2.3B	1.5B
Retained Earnings	1.3B	1.6B	1.8B	2.0B	1.3B	1.1B
Accounts Payable	403.4M	426.3M	478.9M	657.2M	475.2M	299.4M
Cash	66.5M	59.5M	54.2M	80.5M	48.9M	80.7M
Non Current Assets Total	6.4B	6.7B	7.4B	7.6B	6.5B	4.6B
Non Currrent Assets Other	1.1M	7.4M	(76.4M)	(136.1M)	200.4M	153.2M
Cash And Short Term Investments	66.5M	59.5M	54.2M	80.5M	48.9M	80.8M
Net Receivables	836.6M	874.0M	946.7M	1.3B	942.8M	601.0M
Common Stock Total Equity	200.9M	201.1M	203.9M	204.2M	234.8M	168.0M
Liabilities And Stockholders Equity	7.7B	8.1B	8.9B	9.7B	7.8B	5.6B
Non Current Liabilities Total	4.0B	4.0B	4.4B	4.6B	3.9B	2.6B
Inventory	278.4M	291.2M	335.6M	387.5M	87.4M	83.0M
Other Current Assets	115.8M	68.5M	118.7M	165.1M	256.6M	269.4M
Other Stockholder Equity	1.4B	1.4B	1.5B	1.5B	1.5B	1.2B
Total Liab	4.8B	5.0B	5.5B	6.1B	4.9B	3.4B
Property Plant And Equipment Gross	5.0B	5.3B	9.0B	9.4B	7.4B	4.0B
Total Current Assets	1.3B	1.3B	1.6B	2.0B	1.4B	997.9M
Accumulated Other Comprehensive Income	(42.1M)	(48.1M)	(41.0M)	(30.6M)	(18.4M)	(19.3M)
Short Term Debt	48.2M	85.2M	183.4M	359.0M	179.2M	114.2M
Common Stock	200.9M	201.1M	203.9M	204.2M	203.7M	169.9M
Current Deferred Revenue	411.3M	420.6M	413.6M	208.2M	58.1M	55.2M
Other Liab	1.7B	1.7B	1.8B	1.7B	2.0B	2.1B
Other Assets	(59K)	523.5M	515.5M	495.2M	(159K)	(151.1K)
Long Term Debt	2.2B	2.2B	2.6B	2.8B	2.2B	1.7B
Property Plant Equipment	4.9B	5.2B	5.8B	6.1B	7.0B	4.3B
Intangible Assets	15.2M	25.5M	22.6M	17.5M	2.0M	1.9M
Good Will	681.4M	715.0M	765.4M	763.5M	489.0M	624.8M
Net Tangible Assets	4.4B	2.3B	2.6B	2.8B	2.5B	2.9B
Retained Earnings Total Equity	1.3B	1.6B	1.8B	2.0B	2.2B	1.6B
Long Term Debt Total	2.2B	2.2B	2.6B	2.8B	3.2B	2.0B
Capital Surpluse	1.4B	1.4B	1.5B	1.5B	1.7B	1.3B
Deferred Long Term Liab	506.6M	516.1M	592.0M	631.3M	568.2M	514.9M

Pair Trading with MDU Resources

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 MDU Resources 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 MDU Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with MDU Stock

0.69	CODI-PA	Compass Diversified	Pair Corr
0.64	CODI-PB	Compass Diversified	Pair Corr
0.62	CODI-PC	Compass Diversified	Pair Corr

Moving against MDU Stock

0.59	AP	Ampco Pittsburgh	Pair Corr
0.57	SEB	Seaboard	Pair Corr
0.57	AZ	A2Z Smart Technologies	Pair Corr
0.44	EFSH	1847 Holdings LLC	Pair Corr

The ability to find closely correlated positions to MDU Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDU Resources 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 MDU Resources - 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 MDU Resources Group to buy it.

The correlation of MDU Resources 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 MDU Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDU Resources Group 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 MDU Resources 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.

Pair Correlation Correlation Matching

Additional Tools for MDU Stock Analysis

When running MDU Resources' price analysis, check to measure MDU Resources' 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 MDU Resources is operating at the current time. Most of MDU Resources' value examination focuses on studying past and present price action to predict the probability of MDU Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MDU Resources' price. Additionally, you may evaluate how the addition of MDU Resources to your portfolios can decrease your overall portfolio volatility.

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