NextTrip Net Invested Capital vs Total Stockholder Equity Analysis

NTRP Stock

USD 1.76 0.16 10.00%

NextTrip financial indicator trend analysis is infinitely more than just investigating NextTrip recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextTrip is a good investment. Please check the relationship between NextTrip Net Invested Capital and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextTrip. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in NextTrip Stock, please use our How to Invest in NextTrip guide.

Net Invested Capital vs Total Stockholder Equity

Net Invested Capital vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextTrip Net Invested Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NextTrip's Net Invested Capital and Total Stockholder Equity is -0.34. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of NextTrip, assuming nothing else is changed. The correlation between historical values of NextTrip's Net Invested Capital and Total Stockholder Equity 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 Invested Capital of NextTrip are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Invested Capital i.e., NextTrip's Net Invested Capital and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from NextTrip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextTrip 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 NextTrip. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in NextTrip Stock, please use our How to Invest in NextTrip guide.At this time, NextTrip's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Issuance Of Capital Stock is likely to grow to about 4.3 M, while Sales General And Administrative To Revenue is likely to drop 5.59.

	2021	2022	2023	2024 (projected)
Interest Expense	11.3K	7.3K	48.6K	51.1K
Interest Income	13.9K	3.5K	3.1K	3.0K

Interest Expense Interest Income

NextTrip fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Other Current Assets	Total Liab	Short Long Term Debt Total	Net Receivables	Non Current Liabilities Total	Inventory	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Capital Stock	Net Working Capital
Total Assets		0.98	-0.96	-0.71	0.97	0.98	0.49	0.75	0.97	-0.5	0.02	0.44	-0.27	0.7	-0.44	0.22	0.44	0.26	0.15	-0.23	-0.45	-0.3	0.19	-0.42	-0.29	-0.17
Total Stockholder Equity	0.98		-0.99	-0.77	0.99	0.99	0.48	0.75	1.0	-0.6	0.04	0.29	-0.22	0.63	-0.58	0.28	0.29	0.44	0.24	-0.19	-0.51	-0.34	0.33	-0.43	-0.24	-0.13
Net Debt	-0.96	-0.99		0.72	-1.0	-0.99	-0.49	-0.68	-1.0	0.68	-0.08	-0.29	0.24	-0.67	0.66	-0.29	-0.28	-0.5	-0.29	0.19	0.58	0.41	-0.39	0.48	0.28	0.16
Retained Earnings	-0.71	-0.77	0.72		-0.72	-0.72	-0.45	-0.94	-0.73	0.46	0.34	0.16	0.15	-0.14	0.41	-0.15	0.16	-0.33	-0.19	-0.01	0.34	0.3	-0.29	0.27	0.13	0.14
Cash	0.97	0.99	-1.0	-0.72		1.0	0.49	0.69	1.0	-0.67	0.08	0.31	-0.26	0.67	-0.64	0.28	0.3	0.48	0.28	-0.2	-0.57	-0.4	0.36	-0.48	-0.29	-0.17
Cash And Short Term Investments	0.98	0.99	-0.99	-0.72	1.0		0.5	0.71	1.0	-0.63	0.05	0.36	-0.29	0.69	-0.58	0.26	0.35	0.42	0.23	-0.23	-0.53	-0.4	0.29	-0.49	-0.32	-0.19
Common Stock Shares Outstanding	0.49	0.48	-0.49	-0.45	0.49	0.5		0.45	0.49	-0.39	-0.4	0.23	-0.29	0.41	-0.29	0.13	0.22	0.16	-0.2	-0.18	-0.32	-0.32	0.08	-0.34	-0.27	-0.24
Other Stockholder Equity	0.75	0.75	-0.68	-0.94	0.69	0.71	0.45		0.7	-0.29	-0.4	0.09	-0.29	0.24	-0.16	0.08	0.08	0.04	-0.01	-0.12	-0.15	-0.24	-0.02	-0.31	-0.25	-0.23
Total Current Assets	0.97	1.0	-1.0	-0.73	1.0	1.0	0.49	0.7		-0.63	0.08	0.32	-0.23	0.67	-0.61	0.29	0.31	0.47	0.26	-0.19	-0.55	-0.38	0.36	-0.45	-0.27	-0.15
Common Stock	-0.5	-0.6	0.68	0.46	-0.67	-0.63	-0.39	-0.29	-0.63		-0.04	0.13	0.47	-0.38	0.9	-0.36	0.14	-0.66	-0.34	0.23	0.79	0.78	-0.45	0.71	0.54	0.46
Other Current Liab	0.02	0.04	-0.08	0.34	0.08	0.05	-0.4	-0.4	0.08	-0.04		0.1	0.17	0.08	-0.26	0.31	0.1	0.28	0.23	-0.13	-0.24	0.15	0.27	0.03	0.13	0.31
Total Current Liabilities	0.44	0.29	-0.29	0.16	0.31	0.36	0.23	0.09	0.32	0.13	0.1		-0.26	0.83	0.3	-0.15	1.0	-0.4	-0.17	-0.2	0.23	-0.02	-0.45	-0.19	-0.27	-0.21
Property Plant And Equipment Net	-0.27	-0.22	0.24	0.15	-0.26	-0.29	-0.29	-0.29	-0.23	0.47	0.17	-0.26		-0.29	0.11	-0.28	-0.26	0.26	0.41	0.7	0.26	0.66	0.56	0.85	0.97	0.78
Accounts Payable	0.7	0.63	-0.67	-0.14	0.67	0.69	0.41	0.24	0.67	-0.38	0.08	0.83	-0.29		-0.25	0.02	0.83	0.1	0.17	-0.12	-0.19	-0.36	0.0	-0.41	-0.35	-0.32
Non Current Assets Total	-0.44	-0.58	0.66	0.41	-0.64	-0.58	-0.29	-0.16	-0.61	0.9	-0.26	0.3	0.11	-0.25		-0.46	0.3	-0.88	-0.48	0.03	0.83	0.57	-0.76	0.46	0.2	0.14
Other Current Assets	0.22	0.28	-0.29	-0.15	0.28	0.26	0.13	0.08	0.29	-0.36	0.31	-0.15	-0.28	0.02	-0.46		-0.15	0.29	-0.36	-0.14	-0.38	-0.45	0.17	-0.48	-0.36	-0.31
Total Liab	0.44	0.29	-0.28	0.16	0.3	0.35	0.22	0.08	0.31	0.14	0.1	1.0	-0.26	0.83	0.3	-0.15		-0.4	-0.17	-0.21	0.23	-0.01	-0.45	-0.18	-0.26	-0.2
Short Long Term Debt Total	0.26	0.44	-0.5	-0.33	0.48	0.42	0.16	0.04	0.47	-0.66	0.28	-0.4	0.26	0.1	-0.88	0.29	-0.4		0.6	0.21	-0.55	-0.3	0.89	-0.12	0.18	0.17
Net Receivables	0.15	0.24	-0.29	-0.19	0.28	0.23	-0.2	-0.01	0.26	-0.34	0.23	-0.17	0.41	0.17	-0.48	-0.36	-0.17	0.6		0.31	-0.3	0.1	0.69	0.22	0.41	0.4
Non Current Liabilities Total	-0.23	-0.19	0.19	-0.01	-0.2	-0.23	-0.18	-0.12	-0.19	0.23	-0.13	-0.2	0.7	-0.12	0.03	-0.14	-0.21	0.21	0.31		0.38	0.07	0.45	0.44	0.58	0.14
Inventory	-0.45	-0.51	0.58	0.34	-0.57	-0.53	-0.32	-0.15	-0.55	0.79	-0.24	0.23	0.26	-0.19	0.83	-0.38	0.23	-0.55	-0.3	0.38		0.37	-0.52	0.38	0.28	0.07
Net Invested Capital	-0.3	-0.34	0.41	0.3	-0.4	-0.4	-0.32	-0.24	-0.38	0.78	0.15	-0.02	0.66	-0.36	0.57	-0.45	-0.01	-0.3	0.1	0.07	0.37		-0.04	0.85	0.79	0.89
Property Plant And Equipment Gross	0.19	0.33	-0.39	-0.29	0.36	0.29	0.08	-0.02	0.36	-0.45	0.27	-0.45	0.56	0.0	-0.76	0.17	-0.45	0.89	0.69	0.45	-0.52	-0.04		0.18	0.48	0.4
Short Long Term Debt	-0.42	-0.43	0.48	0.27	-0.48	-0.49	-0.34	-0.31	-0.45	0.71	0.03	-0.19	0.85	-0.41	0.46	-0.48	-0.18	-0.12	0.22	0.44	0.38	0.85	0.18		0.91	0.81
Capital Stock	-0.29	-0.24	0.28	0.13	-0.29	-0.32	-0.27	-0.25	-0.27	0.54	0.13	-0.27	0.97	-0.35	0.2	-0.36	-0.26	0.18	0.41	0.58	0.28	0.79	0.48	0.91		0.88
Net Working Capital	-0.17	-0.13	0.16	0.14	-0.17	-0.19	-0.24	-0.23	-0.15	0.46	0.31	-0.21	0.78	-0.32	0.14	-0.31	-0.2	0.17	0.4	0.14	0.07	0.89	0.4	0.81	0.88

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NextTrip Account Relationship Matchups

NextTrip fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	13.0M	191.5K	491.4K	524.9K	936.4K	889.6K
Other Current Liab	(347.1K)	114.9K	419.5K	(45.9K)	(41.3K)	(39.2K)

Pair Trading with NextTrip

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 NextTrip 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 NextTrip will appreciate offsetting losses from the drop in the long position's value.

Moving together with NextTrip Stock

0.8	WKEY	Wisekey International	Pair Corr
0.61	FRGE	Forge Global Holdings	Pair Corr

Moving against NextTrip Stock

0.86	FI	Fiserv,	Pair Corr
0.83	S	SentinelOne	Pair Corr
0.79	ANY	Sphere 3D Corp	Pair Corr
0.78	AI	C3 Ai Inc Trending	Pair Corr
0.76	BL	Blackline	Pair Corr

The ability to find closely correlated positions to NextTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextTrip 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 NextTrip - 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 NextTrip to buy it.

The correlation of NextTrip 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 NextTrip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextTrip 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 NextTrip 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.

Pair Correlation Correlation Matching

Additional Tools for NextTrip Stock Analysis

When running NextTrip's price analysis, check to measure NextTrip'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 NextTrip is operating at the current time. Most of NextTrip's value examination focuses on studying past and present price action to predict the probability of NextTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextTrip's price. Additionally, you may evaluate how the addition of NextTrip to your portfolios can decrease your overall portfolio volatility.

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