MTX Stock | | | USD 80.67 1.05 1.28% |
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 Revenue and its Total Operating Expenses 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 Revenue vs Total Operating Expenses
Total Revenue vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Minerals Technologies Total Revenue account and
Total Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Minerals Technologies' Total Revenue and Total Operating Expenses is 0.44. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Operating Expenses 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 Revenue and Total Operating Expenses 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 Revenue of Minerals Technologies are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Total Revenue i.e., Minerals Technologies' Total Revenue and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Minerals Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
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.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 446.5M | 465M | 2.2B | 2.3B | Total Revenue | 1.9B | 2.1B | 2.2B | 1.2B |
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
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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.