| NTGR Stock | | | USD 24.30 0.39 1.63% |
NETGEAR financial indicator trend analysis is infinitely more than just investigating NETGEAR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NETGEAR is a good investment. Please check the relationship between NETGEAR Accounts Payable and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NETGEAR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
To learn how to invest in NETGEAR Stock, please use our
How to Invest in NETGEAR guide.
Accounts Payable vs Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NETGEAR Accounts Payable account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between NETGEAR's Accounts Payable and Total Current Assets is 0.77. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of NETGEAR, assuming nothing else is changed. The correlation between historical values of NETGEAR's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of NETGEAR are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., NETGEAR's Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents NETGEAR obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NETGEAR are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from NETGEAR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NETGEAR 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 NETGEAR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
To learn how to invest in NETGEAR Stock, please use our
How to Invest in NETGEAR guide.At this time, NETGEAR's
Tax Provision is relatively stable compared to the past year. As of 11/25/2024,
Sales General And Administrative To Revenue is likely to grow to 0.09, though
Discontinued Operations is likely to grow to (30.5
M).
NETGEAR fundamental ratios Correlations
Click cells to compare fundamentals
NETGEAR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NETGEAR fundamental ratios Accounts
Pair Trading with NETGEAR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NETGEAR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NETGEAR will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to NETGEAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NETGEAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NETGEAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NETGEAR to buy it.
The correlation of NETGEAR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NETGEAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NETGEAR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NETGEAR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Additional Tools for NETGEAR Stock Analysis
When running NETGEAR's price analysis, check to
measure NETGEAR'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 NETGEAR is operating at the current time. Most of NETGEAR's value examination focuses on studying past and present price action to
predict the probability of NETGEAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NETGEAR's price. Additionally, you may evaluate how the addition of NETGEAR to your portfolios can decrease your overall portfolio volatility.