NextNav Gross Profit vs Net Income Analysis
| NNAVW Stock | USD 5.83 0.38 6.12% |
NextNav Warrant financial indicator trend analysis is infinitely more than just investigating NextNav Warrant recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextNav Warrant is a good investment. Please check the relationship between NextNav Warrant Gross Profit and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextNav Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy NextNav Stock please use our How to Invest in NextNav Warrant guide.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextNav Warrant Gross Profit account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between NextNav Warrant's Gross Profit and Net Income is 0.31. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of NextNav Warrant, assuming nothing else is changed. The correlation between historical values of NextNav Warrant's Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of NextNav Warrant are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., NextNav Warrant's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of NextNav Warrant minus its cost of goods sold. It is profit before NextNav Warrant operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NextNav Warrant financial statement analysis. It represents the amount of money remaining after all of NextNav Warrant operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from NextNav Warrant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextNav Warrant 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 NextNav Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy NextNav Stock please use our How to Invest in NextNav Warrant guide.Tax Provision is likely to climb to about 232.1 K in 2024, whereas Selling General Administrative is likely to drop slightly above 25.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 763K | 3.9M | 3.9M | 2.0M | Depreciation And Amortization | 1.8M | 3.7M | 4.8M | 5.1M |
NextNav Warrant fundamental ratios Correlations
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NextNav Warrant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 NextNav Stock Analysis
When running NextNav Warrant's price analysis, check to measure NextNav Warrant'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 NextNav Warrant is operating at the current time. Most of NextNav Warrant's value examination focuses on studying past and present price action to predict the probability of NextNav Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextNav Warrant's price. Additionally, you may evaluate how the addition of NextNav Warrant to your portfolios can decrease your overall portfolio volatility.