Nickel Free Cash Flow Yield vs Price To Sales Ratio Analysis

NCP Stock

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Nickel Creek financial indicator trend analysis is infinitely more than just investigating Nickel Creek Platinum recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nickel Creek Platinum is a good investment. Please check the relationship between Nickel Creek Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nickel Creek Platinum. 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.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nickel Creek Platinum Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nickel Creek's Free Cash Flow Yield and Price To Sales Ratio is -0.45. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Nickel Creek Platinum, assuming nothing else is changed. The correlation between historical values of Nickel Creek's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Nickel Creek Platinum are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Nickel Creek's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Nickel Creek Platinum stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Nickel Creek sales, a figure that is much harder to manipulate than other Nickel Creek Platinum multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Nickel Creek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nickel Creek Platinum 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 Nickel Creek Platinum. 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 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 2.2 M, while Selling General Administrative is likely to drop about 1.1 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	6.3K	51.9K	58.3K	45.8K
Interest Income	473.2K	268.4K	64.5K	61.3K

Net Interest Income Interest Income

Nickel Creek fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Net Receivables	Other Current Assets	Property Plant And Equipment Gross	Other Current Liab	Short Term Investments	Short Term Debt	Other Assets	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.54	0.99	-0.46	0.3	0.37	0.46	0.98	-0.5	0.54	-0.3	0.33	0.79	0.62	0.56	0.84	0.52	0.31	0.95	0.69	0.6	0.4	0.26	0.13	-0.24	0.23
Total Current Liabilities	0.54		0.49	-0.65	0.28	0.95	0.64	0.43	-0.54	0.68	-0.46	-0.09	0.71	0.58	0.71	0.43	0.87	0.23	0.36	0.76	0.83	0.66	0.49	0.24	-0.27	0.4
Total Stockholder Equity	0.99	0.49		-0.44	0.24	0.32	0.43	0.97	-0.46	0.53	-0.24	0.22	0.78	0.5	0.55	0.82	0.49	0.34	0.95	0.65	0.6	0.35	0.24	0.12	-0.18	0.21
Net Debt	-0.46	-0.65	-0.44		-0.13	-0.59	-1.0	-0.34	0.41	-0.78	0.3	0.0	-0.63	-0.42	-0.75	-0.38	-0.59	0.13	-0.26	-0.4	-0.33	-0.25	-0.66	-0.27	0.09	-0.53
Retained Earnings	0.3	0.28	0.24	-0.13		0.18	0.12	0.32	-0.85	0.1	-0.89	0.43	0.39	0.54	0.12	0.45	0.37	0.05	0.28	0.41	0.4	0.16	0.13	0.35	-0.88	0.25
Accounts Payable	0.37	0.95	0.32	-0.59	0.18		0.59	0.29	-0.38	0.49	-0.34	-0.15	0.5	0.5	0.51	0.29	0.77	0.0	0.24	0.58	0.69	0.58	0.36	0.15	-0.18	0.25
Cash	0.46	0.64	0.43	-1.0	0.12	0.59		0.33	-0.4	0.78	-0.29	-0.01	0.63	0.42	0.74	0.37	0.58	-0.13	0.25	0.39	0.32	0.24	0.66	0.28	-0.08	0.52
Non Current Assets Total	0.98	0.43	0.97	-0.34	0.32	0.29	0.33		-0.45	0.36	-0.27	0.39	0.68	0.6	0.38	0.84	0.44	0.21	0.99	0.57	0.53	0.29	0.16	0.11	-0.28	0.16
Non Currrent Assets Other	-0.5	-0.54	-0.46	0.41	-0.85	-0.38	-0.4	-0.45		-0.51	0.91	-0.23	-0.78	-0.55	-0.54	-0.64	-0.57	-0.33	-0.4	-0.74	-0.61	-0.42	-0.19	-0.53	0.67	-0.25
Cash And Short Term Investments	0.54	0.68	0.53	-0.78	0.1	0.49	0.78	0.36	-0.51		-0.3	-0.06	0.81	0.4	1.0	0.43	0.53	0.5	0.3	0.76	0.53	0.64	0.53	0.31	0.04	0.4
Common Stock Shares Outstanding	-0.3	-0.46	-0.24	0.3	-0.89	-0.34	-0.29	-0.27	0.91	-0.3		-0.26	-0.55	-0.52	-0.33	-0.54	-0.55	-0.15	-0.2	-0.53	-0.54	-0.25	-0.26	-0.6	0.8	-0.36
Non Current Liabilities Total	0.33	-0.09	0.22	0.0	0.43	-0.15	-0.01	0.39	-0.23	-0.06	-0.26		0.03	0.76	-0.08	0.36	-0.14	-0.14	0.41	0.1	-0.19	0.08	-0.07	0.07	-0.35	-0.02
Other Stockholder Equity	0.79	0.71	0.78	-0.63	0.39	0.5	0.63	0.68	-0.78	0.81	-0.55	0.03		0.49	0.83	0.74	0.71	0.5	0.62	0.87	0.74	0.51	0.34	0.4	-0.29	0.34
Total Liab	0.62	0.58	0.5	-0.42	0.54	0.5	0.42	0.6	-0.55	0.4	-0.52	0.76	0.49		0.4	0.59	0.46	0.04	0.57	0.58	0.4	0.5	0.26	0.24	-0.47	0.25
Total Current Assets	0.56	0.71	0.55	-0.75	0.12	0.51	0.74	0.38	-0.54	1.0	-0.33	-0.08	0.83	0.4		0.45	0.58	0.56	0.31	0.8	0.59	0.66	0.54	0.32	-0.01	0.42
Property Plant And Equipment Net	0.84	0.43	0.82	-0.38	0.45	0.29	0.37	0.84	-0.64	0.43	-0.54	0.36	0.74	0.59	0.45		0.44	0.26	0.81	0.62	0.53	0.33	0.11	0.59	-0.32	0.12
Net Receivables	0.52	0.87	0.49	-0.59	0.37	0.77	0.58	0.44	-0.57	0.53	-0.55	-0.14	0.71	0.46	0.58	0.44		0.17	0.35	0.6	0.88	0.27	0.65	0.27	-0.54	0.68
Other Current Assets	0.31	0.23	0.34	0.13	0.05	0.0	-0.13	0.21	-0.33	0.5	-0.15	-0.14	0.5	0.04	0.56	0.26	0.17		0.2	0.69	0.51	0.6	0.0	0.16	0.06	0.01
Property Plant And Equipment Gross	0.95	0.36	0.95	-0.26	0.28	0.24	0.25	0.99	-0.4	0.3	-0.2	0.41	0.62	0.57	0.31	0.81	0.35	0.2		0.54	0.47	0.29	0.05	0.06	-0.21	0.04
Other Current Liab	0.69	0.76	0.65	-0.4	0.41	0.58	0.39	0.57	-0.74	0.76	-0.53	0.1	0.87	0.58	0.8	0.62	0.6	0.69	0.54		0.78	0.83	0.17	0.31	-0.23	0.13
Short Term Investments	0.6	0.83	0.6	-0.33	0.4	0.69	0.32	0.53	-0.61	0.53	-0.54	-0.19	0.74	0.4	0.59	0.53	0.88	0.51	0.47	0.78		0.51	0.44	0.27	-0.46	0.46
Short Term Debt	0.4	0.66	0.35	-0.25	0.16	0.58	0.24	0.29	-0.42	0.64	-0.25	0.08	0.51	0.5	0.66	0.33	0.27	0.6	0.29	0.83	0.51		-0.01	0.17	0.11	-0.16
Other Assets	0.26	0.49	0.24	-0.66	0.13	0.36	0.66	0.16	-0.19	0.53	-0.26	-0.07	0.34	0.26	0.54	0.11	0.65	0.0	0.05	0.17	0.44	-0.01		0.12	-0.36	0.96
Intangible Assets	0.13	0.24	0.12	-0.27	0.35	0.15	0.28	0.11	-0.53	0.31	-0.6	0.07	0.4	0.24	0.32	0.59	0.27	0.16	0.06	0.31	0.27	0.17	0.12		-0.21	0.14
Common Stock	-0.24	-0.27	-0.18	0.09	-0.88	-0.18	-0.08	-0.28	0.67	0.04	0.8	-0.35	-0.29	-0.47	-0.01	-0.32	-0.54	0.06	-0.21	-0.23	-0.46	0.11	-0.36	-0.21		-0.53
Current Deferred Revenue	0.23	0.4	0.21	-0.53	0.25	0.25	0.52	0.16	-0.25	0.4	-0.36	-0.02	0.34	0.25	0.42	0.12	0.68	0.01	0.04	0.13	0.46	-0.16	0.96	0.14	-0.53

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Nickel Creek Account Relationship Matchups

Nickel Creek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.0M	29.4M	32.2M	34.5M	34.1M	38.0M
Total Current Liabilities	387.2K	340.3K	355.4K	456.8K	324.9K	308.6K
Total Stockholder Equity	27.0M	28.5M	31.1M	33.5M	33.2M	35.4M
Net Debt	(858.1K)	(1.3M)	(2.0M)	(1.7M)	(403.3K)	(423.5K)
Retained Earnings	(122.1M)	(124.4M)	(126.2M)	(127.8M)	(130.2M)	(123.7M)
Accounts Payable	178.2K	140.3K	217.2K	334.6K	279.1K	265.1K
Cash	1.0M	1.5M	2.2M	1.8M	468.1K	444.7K
Non Current Assets Total	26.8M	27.9M	29.4M	32.5M	33.5M	33.7M
Non Currrent Assets Other	50K	26.1M	26.8M	33.4M	38.4M	40.3M
Cash And Short Term Investments	1.0M	1.5M	2.7M	1.8M	468.1K	444.7K
Common Stock Shares Outstanding	251.8M	314.4M	376.0M	419.2M	454.9M	477.7M
Liabilities And Stockholders Equity	28.0M	29.4M	32.2M	34.5M	34.1M	38.0M
Non Current Liabilities Total	617.1K	636.2K	730.4K	545.3K	578.8K	939.6K
Other Stockholder Equity	15.8M	16.1M	16.6M	17.0M	(1.0)	(0.95)
Total Liab	1.0M	976.5K	1.1M	1.0M	903.7K	858.5K
Total Current Assets	1.1M	1.6M	2.8M	2.0M	568.4K	540.0K
Property Plant And Equipment Net	26.8M	27.9M	29.4M	32.5M	159.1K	151.1K
Net Receivables	24.6K	23.4K	31.3K	76.5K	25.2K	24.0K
Other Current Assets	93.1K	81.9K	146.8K	132.8K	75.1K	71.4K
Property Plant And Equipment Gross	26.8M	27.9M	30.2M	33.4M	38.4M	35.0M
Accumulated Other Comprehensive Income	15.8M	16.1M	16.6M	17.0M	17.7M	10.4M
Other Current Liab	71.7K	82.5K	44.5K	20.6K	20.2K	19.1K
Short Term Debt	137.4K	117.4K	93.8K	101.6K	25.9K	24.6K
Common Stock	133.2M	136.8M	140.8M	144.4M	145.7M	109.6M
Other Liab	581K	597K	618K	621K	558.9K	479.3K
Net Tangible Assets	27.0M	28.5M	31.1M	33.5M	30.2M	32.9M
Property Plant Equipment	26.8M	27.9M	29.4M	32.5M	29.2M	29.6M
Long Term Debt Total	20.1K	18.2K	109.5K	17.3K	19.9K	25.9K
Cash And Equivalents	1.0M	1.5M	2.2M	1.8M	1.6M	2.2M
Net Invested Capital	27.0M	28.5M	31.1M	33.5M	30.2M	27.9M
Net Working Capital	745.9K	1.2M	2.5M	1.6M	1.4M	2.3M
Capital Stock	133.2M	136.8M	140.8M	144.4M	166.0M	151.1M

Pair Trading with Nickel Creek

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 Nickel Creek 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 Nickel Creek will appreciate offsetting losses from the drop in the long position's value.

Moving against Nickel Stock

0.77	RY	Royal Bank	Pair Corr
0.54	IE	Ivanhoe Energy	Pair Corr
0.49	FDY	Faraday Copper Corp	Pair Corr
0.43	AG	First Majestic Silver	Pair Corr
0.42	RY-PJ	Royal Bank	Pair Corr

The ability to find closely correlated positions to Nickel Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nickel Creek 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 Nickel Creek - 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 Nickel Creek Platinum to buy it.

The correlation of Nickel Creek 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 Nickel Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nickel Creek Platinum 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 Nickel Creek 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 Correlation Correlation Matching

Other Information on Investing in Nickel Stock

Balance Sheet is a snapshot of the financial position of Nickel Creek Platinum at a specified time, usually calculated after every quarter, six months, or one year. Nickel Creek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nickel Creek 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 Nickel currently owns. An asset can also be divided into two categories, current and non-current.

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Nickel Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Nickel Creek fundamental ratios Correlations

Nickel Creek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nickel Creek fundamental ratios Accounts

Pair Trading with Nickel Creek

Moving against Nickel Stock

Other Information on Investing in Nickel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Current Deferred Revenue	+ 0.96	Other Assets

Cash	- 1.0	Net Debt
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Common Stock	- 0.88	Retained Earnings
Non Currrent Assets Other	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.78	Non Currrent Assets Other
Cash And Short Term Investments	- 0.78	Net Debt