NAM Stock | | | CAD 0.1 0.01 5.00% |
New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Cash And Short Term Investments and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Age Metals Cash And Short Term Investments account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Age's Cash And Short Term Investments and Cash is 0.98. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Cash And Short Term Investments and Cash 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 Short Term Investments of New Age Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., New Age's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of New Age Metals balance sheet. This account contains New Age investments that will expire within one year. These investments include stocks and bonds that can be liquidated by New Age Metals 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.
Cash
Cash refers to the most liquid asset of New Age Metals, which is listed under current asset account on New Age Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from New Age customers. The amounts must be unrestricted with restricted cash listed in a different New Age account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, New Age's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 10.7
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
New Age fundamental ratios Correlations
Click cells to compare fundamentals
New Age Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Age fundamental ratios Accounts
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