Nano Issuance Of Capital Stock vs Capital Expenditures 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 Issuance Of Capital Stock and its Capital Expenditures 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.

Issuance Of Capital Stock vs Capital Expenditures

Issuance Of Capital Stock vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano One Materials Issuance Of Capital Stock account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nano One's Issuance Of Capital Stock and Capital Expenditures is 0.52. Overlapping area represents the amount of variation of Issuance Of Capital Stock that can explain the historical movement of Capital Expenditures 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 Issuance Of Capital Stock and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Issuance Of Capital Stock of Nano One Materials are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Issuance Of Capital Stock i.e., Nano One's Issuance Of Capital Stock and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Issuance Of Capital Stock

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.
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 Expenses11.3M16.7M33.0M34.7M
Depreciation And Amortization676.6K1.1M1.5M1.6M

Nano One fundamental ratios Correlations

0.821.00.8-0.96-0.880.810.970.810.970.610.84-0.130.850.980.840.73-0.190.720.710.960.660.84-0.750.990.8
0.820.80.95-0.65-0.970.980.690.960.680.360.77-0.281.00.70.880.74-0.180.970.860.930.390.75-0.920.880.75
1.00.80.78-0.97-0.860.790.980.780.980.630.83-0.110.820.980.820.72-0.190.690.690.940.680.83-0.720.980.79
0.80.950.78-0.6-0.960.980.641.00.630.450.69-0.320.940.650.750.87-0.320.960.780.910.410.67-0.980.850.68
-0.96-0.65-0.97-0.60.73-0.63-1.0-0.61-1.0-0.61-0.790.02-0.69-1.0-0.76-0.580.12-0.51-0.58-0.85-0.69-0.80.54-0.92-0.74
-0.88-0.97-0.86-0.960.73-0.97-0.76-0.96-0.75-0.42-0.750.25-0.97-0.77-0.84-0.780.32-0.93-0.79-0.97-0.41-0.790.94-0.93-0.77
0.810.980.790.98-0.63-0.970.660.980.660.350.72-0.30.980.680.820.77-0.290.970.830.930.360.67-0.970.870.69
0.970.690.980.64-1.0-0.760.660.641.00.590.8-0.030.721.00.790.59-0.130.550.610.870.680.81-0.580.940.76
0.810.960.781.0-0.61-0.960.980.640.640.450.7-0.320.950.660.760.86-0.310.960.780.910.420.68-0.970.860.69
0.970.680.980.63-1.0-0.750.661.00.640.590.8-0.030.721.00.790.59-0.120.550.610.870.680.81-0.570.940.76
0.610.360.630.45-0.61-0.420.350.590.450.590.56-0.230.360.610.280.78-0.160.340.310.510.820.6-0.360.540.44
0.840.770.830.69-0.79-0.750.720.80.70.80.56-0.290.780.810.740.61-0.120.740.910.830.810.85-0.580.810.92
-0.13-0.28-0.11-0.320.020.25-0.3-0.03-0.32-0.03-0.23-0.29-0.26-0.04-0.15-0.350.27-0.37-0.35-0.29-0.25-0.150.29-0.15-0.21
0.851.00.820.94-0.69-0.970.980.720.950.720.360.78-0.260.730.90.72-0.170.950.860.940.40.76-0.910.90.77
0.980.70.980.65-1.0-0.770.681.00.661.00.610.81-0.040.730.790.62-0.130.570.620.880.690.81-0.590.940.76
0.840.880.820.75-0.76-0.840.820.790.760.790.280.74-0.150.90.790.510.110.780.750.870.340.73-0.70.860.74
0.730.740.720.87-0.58-0.780.770.590.860.590.780.61-0.350.720.620.51-0.330.760.560.770.620.64-0.80.740.57
-0.19-0.18-0.19-0.320.120.32-0.29-0.13-0.31-0.12-0.16-0.120.27-0.17-0.130.11-0.33-0.24-0.16-0.28-0.16-0.090.41-0.23-0.08
0.720.970.690.96-0.51-0.930.970.550.960.550.340.74-0.370.950.570.780.76-0.240.880.860.370.66-0.920.780.73
0.710.860.690.78-0.58-0.790.830.610.780.610.310.91-0.350.860.620.750.56-0.160.880.80.580.7-0.720.730.82
0.960.930.940.91-0.85-0.970.930.870.910.870.510.83-0.290.940.880.870.77-0.280.860.80.550.82-0.870.980.81
0.660.390.680.41-0.69-0.410.360.680.420.680.820.81-0.250.40.690.340.62-0.160.370.580.550.68-0.290.580.67
0.840.750.830.67-0.8-0.790.670.810.680.810.60.85-0.150.760.810.730.64-0.090.660.70.820.68-0.590.810.89
-0.75-0.92-0.72-0.980.540.94-0.97-0.58-0.97-0.57-0.36-0.580.29-0.91-0.59-0.7-0.80.41-0.92-0.72-0.87-0.29-0.59-0.82-0.55
0.990.880.980.85-0.92-0.930.870.940.860.940.540.81-0.150.90.940.860.74-0.230.780.730.980.580.81-0.820.77
0.80.750.790.68-0.74-0.770.690.760.690.760.440.92-0.210.770.760.740.57-0.080.730.820.810.670.89-0.550.77
Click cells to compare fundamentals

Nano One Account Relationship Matchups

Nano One fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9M31.0M55.4M56.1M53.0M55.6M
Total Current Liabilities912.8K1.4M946.7K2.0M4.1M4.4M
Total Stockholder Equity1.9M28.9M53.8M53.4M47.5M49.9M
Property Plant And Equipment Net768.0K1.5M1.8M13.3M18.4M19.3M
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 Payable134.7K529.4K784.0K1.9M3.7M3.9M
Cash1.7M27.8M52.7M39.4M32.4M34.1M
Non Current Assets Total813.6K1.8M2.0M13.4M18.7M19.6M
Cash And Short Term Investments1.9M28.8M52.7M39.4M32.4M34.1M
Net Receivables147.7K362.0K411.5K1.5M391.7K208.7K
Common Stock Shares Outstanding66.6M79.1M93.9M98.2M105.1M110.3M
Liabilities And Stockholders Equity2.9M31.0M55.4M56.1M53.0M55.6M
Other Stockholder Equity3.2M4.7M9.0M171K153.9K146.2K
Total Liab1.1M2.1M1.6M2.6M5.5M5.8M
Total Current Assets2.1M29.2M53.3M42.6M34.3M36.0M
Other Current Assets25.2K42.0K(22.6K)1.4M738.3K775.2K
Accumulated Other Comprehensive Income3.2M4.7M9.0M10.2M7.2M7.5M
Common Stock20.1M50.7M82.6M96.7M125.0M131.3M
Intangible Assets24.3K22.7K25.7K31.7K37.9K19.8K
Cash And Equivalents315.9K1.7M27.8M52.7M60.6M63.6M
Short Term Debt101.7K88.8K143.7K186.8K374.2K393.0K
Property Plant Equipment727.8K768.0K1.5M1.8M2.1M1.4M
Net Tangible Assets4.1M1.8M28.9M53.7M61.8M64.9M
Non Current Liabilities Total151.7K621.2K656.2K587.1K1.3M1.4M
Net Invested Capital1.9M28.9M53.8M53.4M47.5M30.8M
Net Working Capital1.2M27.7M52.4M40.6M30.1M25.2M
Capital Stock20.1M50.7M82.6M96.7M125.0M72.2M

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

  0.62IE Ivanhoe EnergyPairCorr
  0.68FDY Faraday Copper CorpPairCorr
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.
Pair CorrelationCorrelation Matching

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.