Maximus Cash And Equivalents vs Net Tangible Assets Analysis

MMS Stock

USD 85.08 1.04 1.21%

Maximus financial indicator trend analysis is infinitely more than just investigating Maximus recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maximus is a good investment. Please check the relationship between Maximus Cash And Equivalents and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maximus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Maximus Stock please use our How to Invest in Maximus guide.

Cash And Equivalents vs Net Tangible Assets

Cash And Equivalents vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maximus Cash And Equivalents account and Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Maximus' Cash And Equivalents and Net Tangible Assets is 0.38. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Maximus, assuming nothing else is changed. The correlation between historical values of Maximus' Cash And Equivalents and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Maximus are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash And Equivalents i.e., Maximus' Cash And Equivalents and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Equivalents

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Maximus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maximus 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 Maximus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Maximus Stock please use our How to Invest in Maximus guide.At this time, Maximus' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 66.7 M in 2024, whereas Discontinued Operations is likely to drop (475.8 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	939.8M	1.0B	1.2B	1.2B
Total Revenue	4.6B	4.9B	5.6B	5.9B

Gross Profit Total Revenue

Maximus fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Intangible Assets	Common Stock	Other Liab
Total Assets		0.93	0.98	0.95	0.88	0.95	0.94	0.96	-0.19	1.0	0.8	-0.17	0.94	-0.39	0.97	0.91	0.06	0.98	0.88	0.93	0.96	0.86	0.61	0.98	0.62	0.99
Other Current Liab	0.93		0.95	0.87	0.87	0.91	0.86	0.93	-0.41	0.93	0.82	-0.39	0.92	-0.34	0.9	0.9	-0.01	0.92	0.87	0.85	0.9	0.66	0.59	0.91	0.59	0.92
Total Current Liabilities	0.98	0.95		0.94	0.94	0.92	0.91	0.99	-0.22	0.97	0.78	-0.2	0.97	-0.29	0.93	0.91	0.08	0.96	0.94	0.95	0.93	0.84	0.67	0.95	0.67	0.96
Total Stockholder Equity	0.95	0.87	0.94		0.86	0.81	0.97	0.95	-0.04	0.92	0.72	-0.01	0.97	-0.28	0.84	0.85	0.1	0.88	0.86	0.98	0.83	0.82	0.71	0.88	0.71	0.94
Property Plant And Equipment Net	0.88	0.87	0.94	0.86		0.8	0.82	0.97	-0.25	0.85	0.59	-0.23	0.95	-0.22	0.8	0.76	0.11	0.85	1.0	0.9	0.81	0.76	0.66	0.81	0.66	0.83
Net Debt	0.95	0.91	0.92	0.81	0.8		0.82	0.87	-0.38	0.97	0.8	-0.36	0.83	-0.51	0.99	0.87	0.03	0.99	0.8	0.78	1.0	0.81	0.43	0.98	0.44	0.95
Retained Earnings	0.94	0.86	0.91	0.97	0.82	0.82		0.9	-0.05	0.91	0.71	-0.03	0.92	-0.37	0.85	0.83	-0.09	0.87	0.82	0.94	0.84	0.8	0.63	0.88	0.63	0.92
Accounts Payable	0.96	0.93	0.99	0.95	0.97	0.87	0.9		-0.23	0.94	0.69	-0.2	0.99	-0.27	0.88	0.86	0.12	0.92	0.97	0.96	0.88	0.81	0.69	0.9	0.69	0.93
Cash	-0.19	-0.41	-0.22	-0.04	-0.25	-0.38	-0.05	-0.23		-0.25	-0.32	1.0	-0.21	0.51	-0.28	-0.25	-0.16	-0.27	-0.25	0.02	-0.29	0.03	0.14	-0.26	0.12	-0.2
Non Current Assets Total	1.0	0.93	0.97	0.92	0.85	0.97	0.91	0.94	-0.25		0.81	-0.22	0.92	-0.44	0.99	0.91	0.05	0.99	0.85	0.9	0.98	0.85	0.56	0.99	0.57	1.0
Non Currrent Assets Other	0.8	0.82	0.78	0.72	0.59	0.8	0.71	0.69	-0.32	0.81		-0.29	0.7	-0.34	0.8	0.89	0.06	0.8	0.59	0.68	0.79	0.66	0.46	0.81	0.47	0.8
Cash And Short Term Investments	-0.17	-0.39	-0.2	-0.01	-0.23	-0.36	-0.03	-0.2	1.0	-0.22	-0.29		-0.19	0.48	-0.25	-0.23	-0.15	-0.24	-0.23	0.05	-0.27	0.06	0.12	-0.23	0.1	-0.17
Net Receivables	0.94	0.92	0.97	0.97	0.95	0.83	0.92	0.99	-0.21	0.92	0.7	-0.19		-0.29	0.84	0.84	0.15	0.89	0.95	0.97	0.84	0.78	0.7	0.87	0.7	0.92
Common Stock Shares Outstanding	-0.39	-0.34	-0.29	-0.28	-0.22	-0.51	-0.37	-0.27	0.51	-0.44	-0.34	0.48	-0.29		-0.46	-0.2	-0.16	-0.43	-0.22	-0.16	-0.48	-0.36	0.24	-0.45	0.21	-0.41
Non Current Liabilities Total	0.97	0.9	0.93	0.84	0.8	0.99	0.85	0.88	-0.28	0.99	0.8	-0.25	0.84	-0.46		0.88	0.02	1.0	0.8	0.82	1.0	0.84	0.48	1.0	0.49	0.97
Other Current Assets	0.91	0.9	0.91	0.85	0.76	0.87	0.83	0.86	-0.25	0.91	0.89	-0.23	0.84	-0.2	0.88		-0.01	0.9	0.76	0.84	0.87	0.76	0.61	0.9	0.61	0.91
Other Stockholder Equity	0.06	-0.01	0.08	0.1	0.11	0.03	-0.09	0.12	-0.16	0.05	0.06	-0.15	0.15	-0.16	0.02	-0.01		0.03	0.11	0.09	0.01	0.19	0.07	0.03	0.06	0.07
Total Liab	0.98	0.92	0.96	0.88	0.85	0.99	0.87	0.92	-0.27	0.99	0.8	-0.24	0.89	-0.43	1.0	0.9	0.03		0.85	0.86	0.99	0.85	0.53	1.0	0.54	0.98
Property Plant And Equipment Gross	0.88	0.87	0.94	0.86	1.0	0.8	0.82	0.97	-0.25	0.85	0.59	-0.23	0.95	-0.22	0.8	0.76	0.11	0.85		0.9	0.81	0.76	0.66	0.81	0.66	0.83
Total Current Assets	0.93	0.85	0.95	0.98	0.9	0.78	0.94	0.96	0.02	0.9	0.68	0.05	0.97	-0.16	0.82	0.84	0.09	0.86	0.9		0.81	0.83	0.77	0.85	0.76	0.91
Short Long Term Debt Total	0.96	0.9	0.93	0.83	0.81	1.0	0.84	0.88	-0.29	0.98	0.79	-0.27	0.84	-0.48	1.0	0.87	0.01	0.99	0.81	0.81		0.84	0.47	0.99	0.48	0.97
Short Term Debt	0.86	0.66	0.84	0.82	0.76	0.81	0.8	0.81	0.03	0.85	0.66	0.06	0.78	-0.36	0.84	0.76	0.19	0.85	0.76	0.83	0.84		0.51	0.85	0.51	0.85
Common Stock Total Equity	0.61	0.59	0.67	0.71	0.66	0.43	0.63	0.69	0.14	0.56	0.46	0.12	0.7	0.24	0.48	0.61	0.07	0.53	0.66	0.77	0.47	0.51		0.52	1.0	0.58
Intangible Assets	0.98	0.91	0.95	0.88	0.81	0.98	0.88	0.9	-0.26	0.99	0.81	-0.23	0.87	-0.45	1.0	0.9	0.03	1.0	0.81	0.85	0.99	0.85	0.52		0.53	0.99
Common Stock	0.62	0.59	0.67	0.71	0.66	0.44	0.63	0.69	0.12	0.57	0.47	0.1	0.7	0.21	0.49	0.61	0.06	0.54	0.66	0.76	0.48	0.51	1.0	0.53		0.59
Other Liab	0.99	0.92	0.96	0.94	0.83	0.95	0.92	0.93	-0.2	1.0	0.8	-0.17	0.92	-0.41	0.97	0.91	0.07	0.98	0.83	0.91	0.97	0.85	0.58	0.99	0.59

Click cells to compare fundamentals

Maximus Account Relationship Matchups

Maximus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	4.1B	4.0B	4.0B	4.6B	4.8B
Other Current Liab	164.5M	228.6M	295.3M	243.8M	280.3M	294.3M
Total Current Liabilities	561.2M	789.4M	774.4M	723.0M	831.5M	873.0M
Total Stockholder Equity	1.2B	1.5B	1.5B	1.7B	1.9B	2.0B
Property Plant And Equipment Net	243.9M	242.0M	185.1M	202.8M	233.2M	244.8M
Net Debt	141.9M	1.6B	1.5B	1.4B	1.6B	1.6B
Retained Earnings	770.5M	987.8M	1.0B	1.1B	1.3B	1.3B
Accounts Payable	253.3M	305.6M	264.6M	282.1M	324.4M	340.6M
Cash	71.7M	135.1M	40.7M	65.4M	75.2M	110.1M
Non Current Assets Total	1.1B	3.0B	3.0B	2.9B	3.4B	3.5B
Non Currrent Assets Other	11.6M	16.8M	95.8M	46.1M	53.1M	55.7M
Cash And Short Term Investments	71.7M	135.1M	40.7M	65.4M	75.2M	128.6M
Net Receivables	788.3M	840.2M	809.3M	843.4M	969.9M	1.0B
Common Stock Shares Outstanding	63.3M	62.4M	62.0M	61.5M	55.3M	58.5M
Liabilities And Stockholders Equity	2.0B	4.1B	4.0B	4.0B	4.6B	4.8B
Non Current Liabilities Total	221.7M	1.8B	1.7B	1.6B	1.8B	1.9B
Other Current Assets	74.6M	109.6M	182.4M	146.6M	168.6M	177.1M
Other Stockholder Equity	362K	(39.9M)	(34.0M)	(27.6M)	(24.9M)	(26.1M)
Total Liab	782.9M	2.6B	2.4B	2.3B	2.7B	2.8B
Property Plant And Equipment Gross	243.9M	242.0M	185.1M	202.8M	233.2M	244.8M
Total Current Assets	932.6M	1.1B	1.0B	1.1B	1.2B	1.3B
Accumulated Other Comprehensive Income	(42.6M)	(39.9M)	(34.0M)	(27.6M)	(24.9M)	(23.6M)
Short Long Term Debt Total	213.7M	1.7B	1.5B	1.4B	1.6B	1.7B
Short Term Debt	91.6M	156.6M	127.5M	136.7M	157.2M	165.1M
Common Stock Total Equity	498.4M	514.0M	532.4M	558.0M	641.7M	383.9M
Intangible Assets	183.9M	922.0M	863.6M	811.5M	933.2M	979.8M
Common Stock	514.0M	532.4M	558.0M	577.9M	664.6M	376.6M
Other Liab	99.7M	298.3M	290.2M	302.4M	347.8M	365.2M
Other Assets	71.2M	101.1M	132.2M	105.9M	121.8M	127.8M
Good Will	593.1M	1.8B	1.8B	1.8B	2.0B	2.1B
Property Plant Equipment	66.7M	242.0M	185.1M	202.8M	233.2M	244.8M
Current Deferred Revenue	51.7M	98.6M	87.1M	60.5M	69.5M	53.9M
Net Tangible Assets	464.8M	(1.2B)	(1.1B)	(922.8M)	(830.6M)	(789.0M)

Pair Trading with Maximus

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 Maximus 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 Maximus will appreciate offsetting losses from the drop in the long position's value.

Moving against Maximus Stock

0.67	SST	System1	Pair Corr
0.6	GPN	Global Payments Sell-off Trend	Pair Corr

The ability to find closely correlated positions to Maximus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maximus 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 Maximus - 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 Maximus to buy it.

The correlation of Maximus 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 Maximus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maximus 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 Maximus 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.

Pair Correlation Correlation Matching

Additional Tools for Maximus Stock Analysis

When running Maximus' price analysis, check to measure Maximus' 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 Maximus is operating at the current time. Most of Maximus' value examination focuses on studying past and present price action to predict the probability of Maximus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maximus' price. Additionally, you may evaluate how the addition of Maximus to your portfolios can decrease your overall portfolio volatility.

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