Northview Net Debt vs Net Invested Capital Analysis
| NRR-UN Stock | 16.95 0.52 3.16% |
Northview Residential financial indicator trend analysis is infinitely more than just investigating Northview Residential recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northview Residential is a good investment. Please check the relationship between Northview Residential Net Debt and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northview Residential REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Net Debt vs Net Invested Capital
Net Debt vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northview Residential Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Northview Residential's Net Debt and Net Invested Capital is 0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Northview Residential REIT, assuming nothing else is changed. The correlation between historical values of Northview Residential's Net Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Northview Residential REIT are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Northview Residential's Net Debt and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Northview Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northview Residential 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 Northview Residential REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. As of November 29, 2024, Selling General Administrative is expected to decline to about 8.4 M
| 2020 | 2022 | 2023 | 2024 (projected) | Gross Profit | 185.4M | 191.6M | 224.3M | 216.7M | Total Revenue | 192.1M | 198.2M | 228.5M | 223.8M |
Northview Residential fundamental ratios Correlations
Click cells to compare fundamentals
Northview Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Northview Residential
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 Northview Residential 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 Northview Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Northview Stock
| 0.77 | TSLA | Tesla Inc CDR | PairCorr |
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| 0.68 | ENS-PA | E Split Corp | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.66 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Northview Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northview Residential 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 Northview Residential - 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 Northview Residential REIT to buy it.
The correlation of Northview Residential 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 Northview Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northview Residential 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 Northview Residential 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.Other Information on Investing in Northview Stock
Balance Sheet is a snapshot of the financial position of Northview Residential at a specified time, usually calculated after every quarter, six months, or one year. Northview Residential Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northview Residential 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 Northview currently owns. An asset can also be divided into two categories, current and non-current.