Nano Capital Expenditures vs Change To Account Receivables Analysis
NANO Stock | 0.82 0.01 1.23% |
Nano One financial indicator trend analysis is infinitely more than just investigating Nano One Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nano One Materials is a good investment. Please check the relationship between Nano One Capital Expenditures and its Change To Account Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano One Materials. 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.
Capital Expenditures vs Change To Account Receivables
Capital Expenditures vs Change To Account Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano One Materials Capital Expenditures account and Change To Account Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nano One's Capital Expenditures and Change To Account Receivables is 0.46. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Nano One Materials, assuming nothing else is changed. The correlation between historical values of Nano One's Capital Expenditures and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Nano One Materials are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Capital Expenditures i.e., Nano One's Capital Expenditures and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Nano One Materials to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Nano One operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change To Account Receivables
Most indicators from Nano One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nano One Materials 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 Nano One Materials. 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. As of the 29th of November 2024, Enterprise Value is likely to grow to about 234.2 M, while Selling General Administrative is likely to drop about 3.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 11.3M | 16.7M | 33.0M | 34.7M | Depreciation And Amortization | 676.6K | 1.1M | 1.5M | 1.6M |
Nano One fundamental ratios Correlations
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Nano One Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nano One fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9M | 31.0M | 55.4M | 56.1M | 53.0M | 55.6M | |
Total Current Liabilities | 912.8K | 1.4M | 946.7K | 2.0M | 4.1M | 4.4M | |
Total Stockholder Equity | 1.9M | 28.9M | 53.8M | 53.4M | 47.5M | 49.9M | |
Property Plant And Equipment Net | 768.0K | 1.5M | 1.8M | 13.3M | 18.4M | 19.3M | |
Net Debt | (1.5M) | (27.0M) | (51.9M) | (38.7M) | (30.7M) | (29.2M) | |
Retained Earnings | (21.4M) | (26.6M) | (37.8M) | (53.6M) | (84.7M) | (80.5M) | |
Accounts Payable | 134.7K | 529.4K | 784.0K | 1.9M | 3.7M | 3.9M | |
Cash | 1.7M | 27.8M | 52.7M | 39.4M | 32.4M | 34.1M | |
Non Current Assets Total | 813.6K | 1.8M | 2.0M | 13.4M | 18.7M | 19.6M | |
Cash And Short Term Investments | 1.9M | 28.8M | 52.7M | 39.4M | 32.4M | 34.1M | |
Net Receivables | 147.7K | 362.0K | 411.5K | 1.5M | 391.7K | 208.7K | |
Common Stock Shares Outstanding | 66.6M | 79.1M | 93.9M | 98.2M | 105.1M | 110.3M | |
Liabilities And Stockholders Equity | 2.9M | 31.0M | 55.4M | 56.1M | 53.0M | 55.6M | |
Other Stockholder Equity | 3.2M | 4.7M | 9.0M | 171K | 153.9K | 146.2K | |
Total Liab | 1.1M | 2.1M | 1.6M | 2.6M | 5.5M | 5.8M | |
Total Current Assets | 2.1M | 29.2M | 53.3M | 42.6M | 34.3M | 36.0M | |
Other Current Assets | 25.2K | 42.0K | (22.6K) | 1.4M | 738.3K | 775.2K | |
Accumulated Other Comprehensive Income | 3.2M | 4.7M | 9.0M | 10.2M | 7.2M | 7.5M | |
Common Stock | 20.1M | 50.7M | 82.6M | 96.7M | 125.0M | 131.3M | |
Intangible Assets | 24.3K | 22.7K | 25.7K | 31.7K | 37.9K | 19.8K | |
Cash And Equivalents | 315.9K | 1.7M | 27.8M | 52.7M | 60.6M | 63.6M | |
Short Term Debt | 101.7K | 88.8K | 143.7K | 186.8K | 374.2K | 393.0K | |
Property Plant Equipment | 727.8K | 768.0K | 1.5M | 1.8M | 2.1M | 1.4M | |
Net Tangible Assets | 4.1M | 1.8M | 28.9M | 53.7M | 61.8M | 64.9M | |
Non Current Liabilities Total | 151.7K | 621.2K | 656.2K | 587.1K | 1.3M | 1.4M | |
Net Invested Capital | 1.9M | 28.9M | 53.8M | 53.4M | 47.5M | 30.8M | |
Net Working Capital | 1.2M | 27.7M | 52.4M | 40.6M | 30.1M | 25.2M | |
Capital Stock | 20.1M | 50.7M | 82.6M | 96.7M | 125.0M | 72.2M |
Pair Trading with Nano One
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 Nano One 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 Nano One will appreciate offsetting losses from the drop in the long position's value.Moving together with Nano Stock
The ability to find closely correlated positions to Nano One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano One 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 Nano One - 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 Nano One Materials to buy it.
The correlation of Nano One 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 Nano One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano One Materials 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 Nano One 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 Nano Stock
Balance Sheet is a snapshot of the financial position of Nano One Materials at a specified time, usually calculated after every quarter, six months, or one year. Nano One Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nano One and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nano currently owns. An asset can also be divided into two categories, current and non-current.