Nexxen Net Working Capital vs Net Receivables Analysis
| NEXN Stock | 9.97 0.06 0.61% |
Nexxen International financial indicator trend analysis is infinitely more than just investigating Nexxen International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexxen International is a good investment. Please check the relationship between Nexxen International Net Working Capital and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexxen International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Nexxen Stock, please use our How to Invest in Nexxen International guide.
Net Working Capital vs Net Receivables
Net Working Capital vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexxen International Net Working Capital account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nexxen International's Net Working Capital and Net Receivables is 0.75. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Nexxen International, assuming nothing else is changed. The correlation between historical values of Nexxen International's Net Working Capital and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Nexxen International are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Working Capital i.e., Nexxen International's Net Working Capital and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Working Capital
Net Receivables
Most indicators from Nexxen International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexxen International 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 Nexxen International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Nexxen Stock, please use our How to Invest in Nexxen International guide.At this time, Nexxen International's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Selling General Administrative is likely to grow to about 10.4 M, while Issuance Of Capital Stock is likely to drop about 221.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.7M | 4.6M | 10.2M | 5.5M | Depreciation And Amortization | 40.3M | 42.7M | 78.3M | 52.5M |
Nexxen International fundamental ratios Correlations
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Nexxen International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Nexxen International
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 Nexxen International 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 Nexxen International will appreciate offsetting losses from the drop in the long position's value.Moving together with Nexxen Stock
Moving against Nexxen Stock
The ability to find closely correlated positions to Nexxen International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexxen International 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 Nexxen International - 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 Nexxen International to buy it.
The correlation of Nexxen International 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 Nexxen International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexxen International 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 Nexxen International 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 Nexxen International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Nexxen Stock, please use our How to Invest in Nexxen International guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Advertising 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 Nexxen International. If investors know Nexxen 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 Nexxen International 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 (0.31) | Earnings Share 0.18 | Revenue Per Share 4.754 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0059 |
The market value of Nexxen International is measured differently than its book value, which is the value of Nexxen that is recorded on the company's balance sheet. Investors also form their own opinion of Nexxen International's value that differs from its market value or its book value, called intrinsic value, which is Nexxen International'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 Nexxen International's market value can be influenced by many factors that don't directly affect Nexxen International'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 Nexxen International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexxen International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexxen International'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.