MDA Change To Inventory from 2010 to 2026
| MDA Stock | CAD 29.92 0.52 1.71% |
Change To Inventory | First Reported 2020-06-30 | Previous Quarter -1.2 M | Current Value -1000 K | Quarterly Volatility 1.3 M |
Check MDA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MDA's main balance sheet or income statement drivers, such as Interest Expense of 20 M, Other Operating Expenses of 1.2 B or Net Income Applicable To Common Shares of 37.5 M, as well as many indicators such as Price To Sales Ratio of 2.84, Dividend Yield of 0.0 or PTB Ratio of 2.2. MDA financial statements analysis is a perfect complement when working with MDA Valuation or Volatility modules.
MDA | Change To Inventory |
Latest MDA's Change To Inventory Growth Pattern
Below is the plot of the Change To Inventory of MDA over the last few years. It is the increase or decrease in the amount of inventory a company has over a certain period. MDA's Change To Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in MDA's overall financial position and show how it may be relating to other accounts over time.
| Change To Inventory | 10 Years Trend |
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Change To Inventory |
| Timeline |
MDA Change To Inventory Regression Statistics
| Arithmetic Mean | (1,033,382) | |
| Coefficient Of Variation | (65.80) | |
| Mean Deviation | 396,142 | |
| Median | (1,000,000) | |
| Standard Deviation | 679,975 | |
| Sample Variance | 462.4B | |
| Range | 2.9M | |
| R-Value | (0.19) | |
| Mean Square Error | 474.9B | |
| R-Squared | 0.04 | |
| Significance | 0.46 | |
| Slope | (25,956) | |
| Total Sum of Squares | 7.4T |
MDA Change To Inventory History
About MDA Financial Statements
MDA investors utilize fundamental indicators, such as Change To Inventory, to predict how MDA Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Change To Inventory | -1.4 M | -1.4 M |
Pair Trading with MDA
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 MDA 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 MDA will appreciate offsetting losses from the drop in the long position's value.Moving together with MDA Stock
| 0.91 | UNH | UnitedHealth Group CDR Earnings Call Today | PairCorr |
Moving against MDA Stock
| 0.75 | AAPL | Apple Inc CDR | PairCorr |
| 0.75 | AAPL | Apple CDR | PairCorr |
| 0.65 | GOOG | Alphabet CDR | PairCorr |
| 0.52 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.51 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to MDA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDA 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 MDA - 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 MDA to buy it.
The correlation of MDA 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 MDA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDA 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 MDA 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.Other Information on Investing in MDA Stock
MDA financial ratios help investors to determine whether MDA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MDA with respect to the benefits of owning MDA security.