| NEXT Stock | | | USD 7.18 0.19 2.58% |
Nextdecade Corp financial indicator trend analysis is infinitely more than just investigating Nextdecade Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextdecade Corp is a good investment. Please check the relationship between Nextdecade Corp Property Plant Equipment and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextdecade Corp. 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.
For more information on how to buy Nextdecade Stock please use our
How to Invest in Nextdecade Corp guide.
Property Plant Equipment vs Cash
Property Plant Equipment vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nextdecade Corp Property Plant Equipment account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nextdecade Corp's Property Plant Equipment and Cash is 0.78. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash in the same time period over historical financial statements of Nextdecade Corp, assuming nothing else is changed. The correlation between historical values of Nextdecade Corp's Property Plant Equipment and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Nextdecade Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant Equipment i.e., Nextdecade Corp's Property Plant Equipment and Cash go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Property Plant Equipment
Cash
Cash refers to the most liquid asset of Nextdecade Corp, which is listed under current asset account on Nextdecade Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nextdecade Corp customers. The amounts must be unrestricted with restricted cash listed in a different Nextdecade Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Nextdecade Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextdecade Corp 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 Nextdecade Corp. 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.
For more information on how to buy Nextdecade Stock please use our
How to Invest in Nextdecade Corp guide.At this time, Nextdecade Corp's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 267.1
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(24.47) in 2024.
Nextdecade Corp fundamental ratios Correlations
Click cells to compare fundamentals
Nextdecade Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nextdecade Corp fundamental ratios Accounts
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Additional Tools for Nextdecade Stock Analysis
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measure Nextdecade Corp'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 Nextdecade Corp is operating at the current time. Most of Nextdecade Corp's value examination focuses on studying past and present price action to
predict the probability of Nextdecade Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdecade Corp's price. Additionally, you may evaluate how the addition of Nextdecade Corp to your portfolios can decrease your overall portfolio volatility.