| NBIFIN Stock | | | 2,706 128.85 5.00% |
N B financial indicator trend analysis is infinitely more than just investigating N B I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether N B I is a good investment. Please check the relationship between N B Total Current Assets and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in N B I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Total Current Assets vs Net Debt
Total Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
N B I Total Current Assets account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between N B's Total Current Assets and Net Debt is -0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of N B I, assuming nothing else is changed. The correlation between historical values of N B's Total Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of N B I are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., N B's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from N B's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into N B I 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 N B I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 1.5
M. In addition to that,
Tax Provision is expected to decline to about 23.9
MN B fundamental ratios Correlations
Click cells to compare fundamentals
N B Account Relationship Matchups
High Positive Relationship
High Negative Relationship
N B fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in NBIFIN Stock
Balance Sheet is a snapshot of the
financial position of N B I at a specified time, usually calculated after every quarter, six months, or one year. N B Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of N B 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 NBIFIN currently owns. An asset can also be divided into two categories, current and non-current.