NFLX Stock | | | USD 897.79 0.31 0.03% |
Netflix financial indicator trend analysis is infinitely more than just investigating Netflix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Netflix is a good investment. Please check the relationship between Netflix Total Current Assets and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Netflix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Netflix Stock please use our
How to Invest in Netflix guide.
Total Current Assets vs Net Receivables
Total Current Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Netflix Total Current Assets account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Netflix's Total Current Assets and Net Receivables is 0.35. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Netflix, assuming nothing else is changed. The correlation between historical values of Netflix's Total Current Assets 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 Total Current Assets of Netflix 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 Total Current Assets i.e., Netflix's Total Current Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Net Receivables
Most indicators from Netflix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Netflix 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 Netflix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Netflix Stock please use our
How to Invest in Netflix guide.At this time, Netflix's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 837.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 149
M in 2024.
Netflix fundamental ratios Correlations
Click cells to compare fundamentals
Netflix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Netflix fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Netflix Stock Analysis
When running Netflix's price analysis, check to
measure Netflix'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 Netflix is operating at the current time. Most of Netflix's value examination focuses on studying past and present price action to
predict the probability of Netflix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netflix's price. Additionally, you may evaluate how the addition of Netflix to your portfolios can decrease your overall portfolio volatility.