NTZ Stock | | | USD 4.50 0.25 5.88% |
Natuzzi SpA financial indicator trend analysis is infinitely more than just investigating Natuzzi SpA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natuzzi SpA is a good investment. Please check the relationship between Natuzzi SpA Non Currrent Assets Other and its Intangible Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natuzzi SpA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Natuzzi Stock please use our
How to Invest in Natuzzi SpA guide.
Non Currrent Assets Other vs Intangible Assets
Non Currrent Assets Other vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Natuzzi SpA Non Currrent Assets Other account and
Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Natuzzi SpA's Non Currrent Assets Other and Intangible Assets is -0.51. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Natuzzi SpA, assuming nothing else is changed. The correlation between historical values of Natuzzi SpA's Non Currrent Assets Other and Intangible 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 Non Currrent Assets Other of Natuzzi SpA are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Non Currrent Assets Other i.e., Natuzzi SpA's Non Currrent Assets Other and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Natuzzi SpA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natuzzi SpA 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 Natuzzi SpA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Natuzzi Stock please use our
How to Invest in Natuzzi SpA guide.At this time, Natuzzi SpA's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.19 in 2024, whereas
Tax Provision is likely to drop slightly above 1.5
M in 2024.
Natuzzi SpA fundamental ratios Correlations
Click cells to compare fundamentals
Natuzzi SpA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Natuzzi SpA fundamental ratios Accounts
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