Mako Net Debt vs Total Liab Analysis
| MKO Stock | CAD 3.62 0.03 0.84% |
Mako Mining financial indicator trend analysis is infinitely more than just investigating Mako Mining Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mako Mining Corp is a good investment. Please check the relationship between Mako Mining Net Debt and its Total Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mako Mining Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Net Debt vs Total Liab
Net Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mako Mining Corp Net Debt account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mako Mining's Net Debt and Total Liab is 0.82. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Mako Mining Corp, assuming nothing else is changed. The correlation between historical values of Mako Mining's Net Debt and Total 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 Net Debt of Mako Mining Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Mako Mining's Net Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Mako Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mako Mining 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 Mako Mining Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Mako Mining's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 2.2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.1 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 31.7M | 68.9M | 53.6M | 56.3M | Depreciation And Amortization | 5.6M | 20.5M | 13.5M | 14.2M |
Mako Mining fundamental ratios Correlations
Click cells to compare fundamentals
Mako Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Mako Mining
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 Mako Mining 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 Mako Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Mako Stock
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.74 | FDY | Faraday Copper Corp | PairCorr |
| 0.72 | ARA | Aclara Resources | PairCorr |
Moving against Mako Stock
| 0.6 | RCI-A | Rogers Communications | PairCorr |
The ability to find closely correlated positions to Mako Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mako Mining 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 Mako Mining - 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 Mako Mining Corp to buy it.
The correlation of Mako Mining 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 Mako Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mako Mining 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 Mako Mining 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 Mako Mining Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Mako Stock analysis
When running Mako Mining's price analysis, check to measure Mako Mining's 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 Mako Mining is operating at the current time. Most of Mako Mining's value examination focuses on studying past and present price action to predict the probability of Mako Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mako Mining's price. Additionally, you may evaluate how the addition of Mako Mining to your portfolios can decrease your overall portfolio volatility.
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