| NEXTMEDIA | | | 10.58 1.76 19.95% |
Next Mediaworks financial indicator trend analysis is infinitely more than just investigating Next Mediaworks recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Next Mediaworks is a good investment. Please check the relationship between Next Mediaworks Good Will and its Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Next Mediaworks Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Good Will vs Short Term Investments
Good Will vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Next Mediaworks Good Will account and
Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Next Mediaworks' Good Will and Short Term Investments is 0.28. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Next Mediaworks Limited, assuming nothing else is changed. The correlation between historical values of Next Mediaworks' Good Will and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Next Mediaworks Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Good Will i.e., Next Mediaworks' Good Will and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Short Term Investments
Short Term Investments is an item under the current assets section of Next Mediaworks balance sheet. It contains any investments Next Mediaworks Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Next Mediaworks can easily liquidate in the marketplace.
Most indicators from Next Mediaworks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Next Mediaworks 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 Next Mediaworks Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 13.6
M.
Tax Provision is expected to grow at the current pace this year
Next Mediaworks fundamental ratios Correlations
Click cells to compare fundamentals
Next Mediaworks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Next Mediaworks fundamental ratios Accounts
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Other Information on Investing in Next Stock
Balance Sheet is a snapshot of the
financial position of Next Mediaworks at a specified time, usually calculated after every quarter, six months, or one year. Next Mediaworks Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Next Mediaworks and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Next currently owns. An asset can also be divided into two categories, current and non-current.