NurExone Operating Income vs Investments Analysis
| NRX Stock | 0.71 0.01 1.43% |
NurExone Biologic financial indicator trend analysis is infinitely more than just investigating NurExone Biologic recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NurExone Biologic is a good investment. Please check the relationship between NurExone Biologic Operating Income and its Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NurExone Biologic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Operating Income vs Investments
Operating Income vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NurExone Biologic Operating Income account and Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NurExone Biologic's Operating Income and Investments is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Investments in the same time period over historical financial statements of NurExone Biologic, assuming nothing else is changed. The correlation between historical values of NurExone Biologic's Operating Income and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of NurExone Biologic are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Operating Income i.e., NurExone Biologic's Operating Income and Investments go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from NurExone Biologic operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of NurExone Biologic is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from NurExone Biologic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NurExone Biologic 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 NurExone Biologic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to climb to about 2.7 M in 2024. Issuance Of Capital Stock is likely to climb to about 1.4 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.7M | 5.5M | 3.7M | 4.0M | Research Development | 573K | 1.4M | 1.5M | 1.3M |
NurExone Biologic fundamental ratios Correlations
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NurExone Biologic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for NurExone Stock Analysis
When running NurExone Biologic's price analysis, check to measure NurExone Biologic'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 NurExone Biologic is operating at the current time. Most of NurExone Biologic's value examination focuses on studying past and present price action to predict the probability of NurExone Biologic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NurExone Biologic's price. Additionally, you may evaluate how the addition of NurExone Biologic to your portfolios can decrease your overall portfolio volatility.