| NRT Stock | | | USD 4.15 0.20 4.60% |
North European financial indicator trend analysis is infinitely more than just investigating North European Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North European Oil is a good investment. Please check the relationship between North European Cash and its Non Currrent Assets Other accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North European Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North European Oil Cash account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between North European's Cash and Non Currrent Assets Other is -0.07. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of North European Oil, assuming nothing else is changed. The correlation between historical values of North European's Cash and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of North European Oil are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., North European's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.07 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of North European Oil, which is listed under current asset account on North European Oil balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from North European customers. The amounts must be unrestricted with restricted cash listed in a different North European account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from North European's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North European Oil 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 North European Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, North European's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 175.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 897.6
K in 2024.
North European fundamental ratios Correlations
Click cells to compare fundamentals
North European Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North European fundamental ratios Accounts
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