NEXE Stock | | | CAD 0.40 0.01 2.44% |
NEXE Innovations financial indicator trend analysis is infinitely more than just investigating NEXE Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NEXE Innovations is a good investment. Please check the relationship between NEXE Innovations Pocfratio and its Book Value Per Share accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXE Innovations. 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.
Pocfratio vs Book Value Per Share
Pocfratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NEXE Innovations Pocfratio account and
Book Value Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between NEXE Innovations' Pocfratio and Book Value Per Share is 0.26. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of NEXE Innovations, assuming nothing else is changed. The correlation between historical values of NEXE Innovations' Pocfratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of NEXE Innovations are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pocfratio i.e., NEXE Innovations' Pocfratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pocfratio
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from NEXE Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NEXE Innovations 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 NEXE Innovations. 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.
Selling General Administrative is likely to climb to about 6.8
M in 2024, whereas
Discontinued Operations is likely to drop (102.1
K) in 2024.
NEXE Innovations fundamental ratios Correlations
Click cells to compare fundamentals
NEXE Innovations Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NEXE Innovations fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to
measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to
predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.