NTBR Stock | | | 56.50 1.00 1.80% |
Northern Bear financial indicator trend analysis is infinitely more than just investigating Northern Bear Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Bear Plc is a good investment. Please check the relationship between Northern Bear Net Receivables and its Property Plant Equipment accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Bear Plc. 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.
Net Receivables vs Property Plant Equipment
Net Receivables vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Northern Bear Plc Net Receivables account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northern Bear's Net Receivables and Property Plant Equipment is 0.62. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Northern Bear Plc, assuming nothing else is changed. The correlation between historical values of Northern Bear's Net Receivables and Property Plant Equipment 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 Receivables of Northern Bear Plc are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Receivables i.e., Northern Bear's Net Receivables and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Property Plant Equipment
Most indicators from Northern Bear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Bear Plc 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 Northern Bear Plc. 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 drop to about 8.6
M in 2024.
Discontinued Operations is likely to gain to about (3.6
M) in 2024
Northern Bear fundamental ratios Correlations
Click cells to compare fundamentals
Northern Bear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northern Bear fundamental ratios Accounts
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