Nippon Cash vs Long Term Investments Analysis
| NAVF Stock | 188.00 2.00 1.05% |
Nippon Active financial indicator trend analysis is infinitely more than just investigating Nippon Active Value recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nippon Active Value is a good investment. Please check the relationship between Nippon Active Cash and its Long Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nippon Active Value. 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 vs Long Term Investments
Cash vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nippon Active Value Cash account and Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nippon Active's Cash and Long Term Investments is 0.55. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Nippon Active Value, assuming nothing else is changed. The correlation between historical values of Nippon Active's Cash and Long Term Investments 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 of Nippon Active Value are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Cash i.e., Nippon Active's Cash and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Nippon Active Value, which is listed under current asset account on Nippon Active Value balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nippon Active customers. The amounts must be unrestricted with restricted cash listed in a different Nippon Active 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.Long Term Investments
Long Term Investments is an item on the asset side of Nippon Active balance sheet that represents investments Nippon Active Value intends to hold for over a year. Nippon Active Value long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Nippon Active's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nippon Active Value 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 Nippon Active Value. 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. Tax Provision is likely to drop to about 440 K in 2024. Selling General Administrative is likely to drop to about 970.8 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 236.6K | 228.5K | 167.9K | 167.8K | Tax Provision | 351K | 549K | 498K | 440K |
Nippon Active fundamental ratios Correlations
Click cells to compare fundamentals
Nippon Active Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Nippon Active's price analysis, check to measure Nippon Active's 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 Nippon Active is operating at the current time. Most of Nippon Active's value examination focuses on studying past and present price action to predict the probability of Nippon Active's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nippon Active's price. Additionally, you may evaluate how the addition of Nippon Active to your portfolios can decrease your overall portfolio volatility.