Nippon Cash And Short Term Investments vs Non Currrent Assets Other 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 Short Term Investments and its Non Currrent Assets Other 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 And Short Term Investments vs Non Currrent Assets Other
Cash And Short Term Investments vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nippon Active Value Cash And Short Term Investments account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nippon Active's Cash And Short Term Investments and Non Currrent Assets Other is -0.58. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Currrent Assets Other 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 Short Term Investments and Non Currrent Assets Other 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 Nippon Active Value are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash And Short Term Investments i.e., Nippon Active's Cash And Short Term Investments and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Nippon Active Value balance sheet. This account contains Nippon Active investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nippon Active Value 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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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
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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.