| NELCO Stock | | | 1,379 19.10 1.40% |
NELCO financial indicator trend analysis is infinitely more than just investigating NELCO Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NELCO Limited is a good investment. Please check the relationship between NELCO End Period Cash Flow and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NELCO Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
End Period Cash Flow vs Depreciation
End Period Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NELCO Limited End Period Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NELCO's End Period Cash Flow and Depreciation is 0.56. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of NELCO Limited, assuming nothing else is changed. The correlation between historical values of NELCO's End Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of NELCO Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of End Period Cash Flow i.e., NELCO's End Period Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
End Period Cash Flow
Depreciation
Depreciation indicates how much of NELCO Limited value has been used up. For tax purposes NELCO can deduct the cost of the tangible assets it purchases as business expenses. However, NELCO Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from NELCO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NELCO Limited 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 NELCO Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
At this time, NELCO's
Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024,
Tax Provision is likely to grow to about 103.3
M, while
Selling General Administrative is likely to drop about 46.7
M.
NELCO fundamental ratios Correlations
Click cells to compare fundamentals
NELCO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NELCO fundamental ratios Accounts
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Other Information on Investing in NELCO Stock
Balance Sheet is a snapshot of the
financial position of NELCO Limited at a specified time, usually calculated after every quarter, six months, or one year. NELCO Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NELCO 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 NELCO currently owns. An asset can also be divided into two categories, current and non-current.