NESRW Stock | | | USD 0.55 0.03 5.77% |
National Energy financial indicator trend analysis is infinitely more than just investigating National Energy Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Energy Services is a good investment. Please check the relationship between National Energy Operating Profit Margin and its Gross Profit Margin accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Operating Profit Margin vs Gross Profit Margin
Operating Profit Margin vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Energy Services Operating Profit Margin account and
Gross Profit Margin. At this time, the significance of the direction appears to have totally related.
The correlation between National Energy's Operating Profit Margin and Gross Profit Margin is 0.99. Overlapping area represents the amount of variation of Operating Profit Margin that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of National Energy Services, assuming nothing else is changed. The correlation between historical values of National Energy's Operating Profit Margin and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Profit Margin of National Energy Services are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Operating Profit Margin i.e., National Energy's Operating Profit Margin and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Profit Margin
Gross Profit Margin
Most indicators from National Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Energy Services 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 National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Enterprise Value is likely to climb to about 1.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 11
M in 2024.
National Energy fundamental ratios Correlations
Click cells to compare fundamentals
National Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Energy fundamental ratios Accounts
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measure National Energy'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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to
predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.