NurExone Total Cash From Operating Activities 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 Total Cash From Operating Activities 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.
Total Cash From Operating Activities vs Investments
Total Cash From Operating Activities vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NurExone Biologic Total Cash From Operating Activities account and Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NurExone Biologic's Total Cash From Operating Activities and Investments is 0.96. Overlapping area represents the amount of variation of Total Cash From Operating Activities 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 Total Cash From Operating Activities 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 Total Cash From Operating Activities 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 Total Cash From Operating Activities i.e., NurExone Biologic's Total Cash From Operating Activities and Investments go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Cash From Operating Activities
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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