N2OFF Short Term Investments vs Total Current Assets Analysis
| NITO Stock | 0.21 0.01 5.00% |
N2OFF financial indicator trend analysis is infinitely more than just investigating N2OFF Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether N2OFF Inc is a good investment. Please check the relationship between N2OFF Short Term Investments and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in N2OFF Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Short Term Investments vs Total Current Assets
Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of N2OFF Inc Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between N2OFF's Short Term Investments and Total Current Assets is -0.43. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of N2OFF Inc, assuming nothing else is changed. The correlation between historical values of N2OFF's Short Term Investments and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of N2OFF Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Investments i.e., N2OFF's Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of N2OFF balance sheet. It contains any investments N2OFF Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that N2OFF Inc can easily liquidate in the marketplace.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.Most indicators from N2OFF's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into N2OFF Inc 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 N2OFF Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, N2OFF's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 0.29, while Selling General Administrative is likely to drop about 4.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 8.3K | 8.8K | 5.4K | 5.1K | Depreciation And Amortization | 58.2K | 54.7K | 20.8K | 33.0K |
N2OFF fundamental ratios Correlations
Click cells to compare fundamentals
N2OFF Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with N2OFF
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 N2OFF 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 N2OFF will appreciate offsetting losses from the drop in the long position's value.Moving against N2OFF Stock
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | CF | CF Industries Holdings | PairCorr |
| 0.58 | IE | Ivanhoe Electric | PairCorr |
| 0.56 | MHGVY | Mowi ASA ADR | PairCorr |
| 0.56 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to N2OFF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace N2OFF 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 N2OFF - 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 N2OFF Inc to buy it.
The correlation of N2OFF 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 N2OFF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2OFF Inc 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 N2OFF 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 N2OFF Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Fertilizers & Agricultural Chemicals 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 N2OFF. If investors know N2OFF 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 N2OFF listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.12) | Revenue Per Share 0.07 | Quarterly Revenue Growth (0.55) | Return On Assets (0.47) | Return On Equity (1.13) |
The market value of N2OFF Inc is measured differently than its book value, which is the value of N2OFF that is recorded on the company's balance sheet. Investors also form their own opinion of N2OFF's value that differs from its market value or its book value, called intrinsic value, which is N2OFF'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 N2OFF's market value can be influenced by many factors that don't directly affect N2OFF'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 N2OFF's value and its price as these two are different measures arrived at by different means. Investors typically determine if N2OFF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, N2OFF'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.