Mind Total Current Liabilities vs Cash And Short Term Investments Analysis
| MNMD Stock | USD 8.81 0.10 1.12% |
Mind MedicineInc financial indicator trend analysis is infinitely more than just investigating Mind MedicineInc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mind MedicineInc is a good investment. Please check the relationship between Mind MedicineInc Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind MedicineInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mind MedicineInc Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mind MedicineInc's Total Current Liabilities and Cash And Short Term Investments is 0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Mind MedicineInc, assuming nothing else is changed. The correlation between historical values of Mind MedicineInc's Total Current Liabilities and Cash And Short Term Investments 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 Mind MedicineInc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Mind MedicineInc's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Mind MedicineInc balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mind MedicineInc 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Mind MedicineInc balance sheet. This account contains Mind MedicineInc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mind MedicineInc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Mind MedicineInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mind MedicineInc 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 Mind MedicineInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.The current year's Enterprise Value is expected to grow to about 114.7 M, whereas Selling General Administrative is forecasted to decline to about 23.3 M.
| 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 66.3M | 90.7M | 62.6M | Cost Of Revenue | 3.2M | 3.2M | 2.5M |
Mind MedicineInc fundamental ratios Correlations
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Mind MedicineInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Mind MedicineInc is a strong investment it is important to analyze Mind MedicineInc'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 Mind MedicineInc's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind MedicineInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running Mind MedicineInc's price analysis, check to measure Mind MedicineInc'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 Mind MedicineInc is operating at the current time. Most of Mind MedicineInc's value examination focuses on studying past and present price action to predict the probability of Mind MedicineInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind MedicineInc's price. Additionally, you may evaluate how the addition of Mind MedicineInc to your portfolios can decrease your overall portfolio volatility.
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Is Mind MedicineInc'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 Mind MedicineInc. If investors know Mind 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 Mind MedicineInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.97) | Return On Assets (0.40) | Return On Equity (0.84) |
The market value of Mind MedicineInc is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind MedicineInc's value that differs from its market value or its book value, called intrinsic value, which is Mind MedicineInc'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 Mind MedicineInc's market value can be influenced by many factors that don't directly affect Mind MedicineInc'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 Mind MedicineInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind MedicineInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind MedicineInc'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.