MTX Stock | | | USD 76.05 0.43 0.57% |
Minerals Technologies financial indicator trend analysis is infinitely more than just investigating Minerals Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minerals Technologies is a good investment. Please check the relationship between Minerals Technologies Total Assets and its Property Plant And Equipment Net accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Minerals Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Minerals Stock please use our
How to Invest in Minerals Technologies guide.
Total Assets vs Property Plant And Equipment Net
Total Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Minerals Technologies Total Assets account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Minerals Technologies' Total Assets and Property Plant And Equipment Net is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Minerals Technologies, assuming nothing else is changed. The correlation between historical values of Minerals Technologies' Total Assets and Property Plant And Equipment Net 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 Assets of Minerals Technologies are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Assets i.e., Minerals Technologies' Total Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Minerals Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Minerals Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Minerals Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minerals Technologies 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 Minerals Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Minerals Stock please use our
How to Invest in Minerals Technologies guide.At this time, Minerals Technologies'
Discontinued Operations is fairly stable compared to the past year.
Tax Provision is likely to rise to about 27.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 124.8
M in 2024.
Minerals Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Minerals Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Minerals Technologies fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for Minerals Stock Analysis
When running Minerals Technologies' price analysis, check to
measure Minerals Technologies' 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 Minerals Technologies is operating at the current time. Most of Minerals Technologies' value examination focuses on studying past and present price action to
predict the probability of Minerals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minerals Technologies' price. Additionally, you may evaluate how the addition of Minerals Technologies to your portfolios can decrease your overall portfolio volatility.