NEXTMEDIA | | | 10.46 1.17 10.06% |
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 Other Current Liab and its Non Current Liabilities Total 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.
Other Current Liab vs Non Current Liabilities Total
Other Current Liab vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Next Mediaworks Other Current Liab account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Next Mediaworks' Other Current Liab and Non Current Liabilities Total is -0.44. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Liabilities Total 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' Other Current Liab and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Next Mediaworks Limited are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Liab i.e., Next Mediaworks' Other Current Liab and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Liab
Non Current Liabilities Total
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.
The current year's
Selling General Administrative is expected to grow to about 53.7
M, whereas
Tax Provision is forecasted to decline to 0.00.
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.