| NTE Stock | | | CAD 0.1 0.01 5.00% |
Network Media financial indicator trend analysis is infinitely more than just investigating Network Media Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Network Media Group is a good investment. Please check the relationship between Network Media Asset Turnover and its Non Current Liabilities Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Network Media Group. 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.
Asset Turnover vs Non Current Liabilities Total
Asset Turnover vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Network Media Group Asset Turnover account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Network Media's Asset Turnover and Non Current Liabilities Total is -0.11. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Network Media Group, assuming nothing else is changed. The correlation between historical values of Network Media's Asset Turnover and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Network Media Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Asset Turnover i.e., Network Media's Asset Turnover and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Non Current Liabilities Total
Most indicators from Network Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Network Media Group 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 Network Media Group. 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.
Tax Provision is likely to climb to about 42.7
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.1
M in 2024.
Network Media fundamental ratios Correlations
Click cells to compare fundamentals
Network Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Network Media fundamental ratios Accounts
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