NRDY Stock | | | USD 1.32 0.07 5.60% |
Nerdy financial indicator trend analysis is infinitely more than just investigating Nerdy Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nerdy Inc is a good investment. Please check the relationship between Nerdy Total Stockholder Equity and its Common Stock accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nerdy 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 unemployment.
Total Stockholder Equity vs Common Stock
Total Stockholder Equity vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nerdy Inc Total Stockholder Equity account and
Common Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Nerdy's Total Stockholder Equity and Common Stock is -0.85. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock in the same time period over historical financial statements of Nerdy Inc, assuming nothing else is changed. The correlation between historical values of Nerdy's Total Stockholder Equity and Common Stock 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 Stockholder Equity of Nerdy Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Stockholder Equity i.e., Nerdy's Total Stockholder Equity and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Common Stock
Most indicators from Nerdy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nerdy 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 Nerdy 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 unemployment.
Tax Provision is likely to rise to about 85
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 92.2
M in 2024.
Nerdy fundamental ratios Correlations
Click cells to compare fundamentals
Nerdy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nerdy fundamental ratios Accounts
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Additional Tools for Nerdy Stock Analysis
When running Nerdy's price analysis, check to
measure Nerdy'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 Nerdy is operating at the current time. Most of Nerdy's value examination focuses on studying past and present price action to
predict the probability of Nerdy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nerdy's price. Additionally, you may evaluate how the addition of Nerdy to your portfolios can decrease your overall portfolio volatility.