New Depreciation vs Net Income Analysis
NEN Stock | USD 82.49 0.00 0.00% |
New England financial indicator trend analysis is infinitely more than just investigating New England Realty recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New England Realty is a good investment. Please check the relationship between New England Depreciation and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New England Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New England Realty Depreciation account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New England's Depreciation and Net Income is -0.38. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of New England Realty, assuming nothing else is changed. The correlation between historical values of New England's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of New England Realty are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., New England's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | -0.38 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of New England Realty value has been used up. For tax purposes New England can deduct the cost of the tangible assets it purchases as business expenses. However, New England Realty 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in New England Realty financial statement analysis. It represents the amount of money remaining after all of New England Realty operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from New England's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New England Realty 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 New England Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, New England's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value is likely to grow to about 605.5 M, while Selling General Administrative is likely to drop about 3.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 62.6M | 68.3M | 74.5M | 78.2M | Interest Expense | 13.6M | 15.0M | 15.7M | 16.5M |
New England fundamental ratios Correlations
Click cells to compare fundamentals
New England Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New England fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 294.3M | 291.7M | 356.9M | 391.8M | 385.7M | 405.0M | |
Short Long Term Debt Total | 304.4M | 303.0M | 373.2M | 413.7M | 408.7M | 429.1M | |
Total Stockholder Equity | (37.8B) | (41.5B) | (49.3B) | 294.9K | (64.7M) | (67.9M) | |
Net Debt | 292.2M | 281.8M | 274.4M | 361.4M | 390.4M | 410.0M | |
Retained Earnings | (37.4M) | (41.1M) | (48.8M) | (59.3M) | (64.7M) | (61.5M) | |
Common Stock Shares Outstanding | 3.7M | 3.7M | 3.7M | 3.6M | 3.6M | 3.4M | |
Liabilities And Stockholders Equity | 332.1M | 333.1M | 406.2M | 451.7M | 385.7M | 405.0M | |
Non Current Liabilities Total | 307.9M | 307.9M | 378.9M | 420.0M | 418.7M | 439.6M | |
Total Liab | 332.1M | 333.1M | 406.2M | 451.7M | 451.1M | 473.6M | |
Other Current Liab | 20.0M | 21.3M | 23.0M | 24.4M | 26.7M | 28.0M | |
Total Current Liabilities | 24.2M | 25.2M | 27.3M | 31.7M | 32.4M | 34.0M | |
Non Current Assets Total | 281.2M | 266.1M | 252.8M | 242.5M | 367.5M | 385.9M | |
Non Currrent Assets Other | 278.4M | 264.6M | 251.4M | 241.1M | 89.1M | 93.5M | |
Short Term Debt | 4.7M | 2.5M | 2.7M | 2.7M | 2.9M | 2.7M | |
Cash | 7.5M | 18.6M | 96.1M | 49.6M | 18.2M | 15.2M | |
Other Assets | 36K | 273.0M | 6.5M | 253.3M | (18.8B) | (17.9B) | |
Cash And Short Term Investments | 7.5M | 18.6M | 96.1M | 137.9M | 102.9M | 108.1M | |
Net Receivables | 931.4K | 1.9M | 1.8M | 2.6M | 3.2M | 3.3M | |
Other Stockholder Equity | (37.7B) | (41.4B) | (49.2B) | 59.0M | (64.9M) | (68.2M) | |
Total Current Assets | 13.1M | 25.6M | 104.0M | 149.3M | 18.2M | 21.9M | |
Other Liab | 8.1M | 7.5M | 8.4M | 9.0M | 10.4M | 10.9M | |
Accounts Payable | 4.3M | 3.9M | 4.3M | 7.3M | 5.7M | 3.2M | |
Long Term Debt | 299.8M | 300.4M | 370.5M | 411.0M | 408.7M | 212.1M | |
Property Plant Equipment | 278.4M | 264.6M | 251.4M | 241.1M | 277.2M | 159.8M | |
Other Current Assets | 4.6M | 5.0M | 6.2M | 8.8M | (106.1M) | (100.8M) | |
Net Tangible Assets | (37.8M) | (41.5M) | (49.3M) | (59.9M) | (53.9M) | (56.6M) | |
Long Term Debt Total | 299.8M | 300.4M | 370.5M | 411.0M | 472.6M | 274.4M | |
Deferred Long Term Liab | 36K | 42K | 169K | 109K | 98.1K | 157.7K | |
Long Term Investments | 1.4M | 1.4M | 1.5M | 1.4M | 1.4M | 1.4M | |
Intangible Assets | 152K | 1.4M | 51K | 26K | 1.5M | 1.6M | |
Common Stock | (37.4M) | (41.5M) | (49.3M) | 294.9K | 236.4K | 248.2K | |
Non Current Liabilities Other | 28.1M | 28.8M | 31.4M | 33.5M | 10.0M | 16.6M | |
Cash And Equivalents | 7.5M | 18.6M | 96.1M | 49.6M | 57.0M | 30.7M | |
Net Invested Capital | 261.9M | 259.0M | 321.2M | 351.1M | 343.3M | 309.6M | |
Net Working Capital | (11.1M) | 370.0K | 76.7M | 117.6M | 80.5M | 41.3M |
Pair Trading with New England
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 New England 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 New England will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
0.53 | OMH | Ohmyhome Limited Ordinary | PairCorr |
0.53 | AHT-PH | Ashford Hospitality Trust | PairCorr |
0.49 | AHT-PD | Ashford Hospitality Trust | PairCorr |
0.48 | AHT-PI | Ashford Hospitality Trust | PairCorr |
0.48 | AHT-PG | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to New England could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New England 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 New England - 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 New England Realty to buy it.
The correlation of New England 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 New England moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New England Realty 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 New England 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New England Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New England. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New England listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.819 | Dividend Share 0.4 | Earnings Share 3.87 | Revenue Per Share 22.809 | Quarterly Revenue Growth 0.057 |
The market value of New England Realty is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New England's value that differs from its market value or its book value, called intrinsic value, which is New England's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New England's market value can be influenced by many factors that don't directly affect New England's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New England's value and its price as these two are different measures arrived at by different means. Investors typically determine if New England is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New England's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.