NeuroMetrix Dividend Yield vs Free Cash Flow Yield Analysis

NURO Stock  USD 4.25  0.03  0.71%   
NeuroMetrix financial indicator trend analysis is infinitely more than just investigating NeuroMetrix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NeuroMetrix is a good investment. Please check the relationship between NeuroMetrix Dividend Yield and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeuroMetrix. 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 NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.

Dividend Yield vs Free Cash Flow Yield

Dividend Yield vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NeuroMetrix Dividend Yield account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NeuroMetrix's Dividend Yield and Free Cash Flow Yield is 0.98. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of NeuroMetrix, assuming nothing else is changed. The correlation between historical values of NeuroMetrix's Dividend Yield and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of NeuroMetrix are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Dividend Yield i.e., NeuroMetrix's Dividend Yield and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Dividend Yield

Dividend Yield is NeuroMetrix dividend as a percentage of NeuroMetrix stock price. NeuroMetrix dividend yield is a measure of NeuroMetrix stock productivity, which can be interpreted as interest rate earned on an NeuroMetrix investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from NeuroMetrix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NeuroMetrix 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 NeuroMetrix. 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 NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.As of the 27th of November 2024, Selling General Administrative is likely to drop to about 4.7 M. In addition to that, Issuance Of Capital Stock is likely to drop to about 2.5 M
 2021 2022 2023 2024 (projected)
Gross Profit5.9M5.8M3.9M3.8M
Total Revenue8.3M8.3M5.9M5.6M

NeuroMetrix fundamental ratios Correlations

0.27-0.16-0.27-0.120.29-0.260.290.22-0.19-0.47-0.270.21-0.05-0.230.240.28-0.440.05-0.210.1-0.260.43-0.230.25-0.18
0.27-0.32-0.59-0.420.7-0.15-0.08-0.03-0.37-0.45-0.170.38-0.34-0.30.120.98-0.240.08-0.320.15-0.340.53-0.380.69-0.3
-0.16-0.320.590.630.090.340.180.290.02-0.330.66-0.02-0.25-0.38-0.61-0.320.150.46-0.350.050.710.28-0.28-0.14-0.39
-0.27-0.590.590.92-0.10.140.050.390.02-0.010.75-0.03-0.19-0.24-0.65-0.620.60.17-0.280.30.78-0.01-0.17-0.46-0.3
-0.12-0.420.630.92-0.02-0.040.090.680.02-0.160.89-0.03-0.17-0.24-0.58-0.490.670.25-0.30.560.860.12-0.19-0.3-0.3
0.290.70.09-0.1-0.02-0.110.130.04-0.32-0.810.110.33-0.76-0.88-0.540.71-0.310.29-0.90.190.030.89-0.930.48-0.88
-0.26-0.150.340.14-0.04-0.11-0.35-0.35-0.160.2-0.040.15-0.27-0.09-0.25-0.06-0.150.520.07-0.4-0.05-0.180.07-0.31-0.05
0.29-0.080.180.050.090.13-0.35-0.010.14-0.410.11-0.10.37-0.19-0.04-0.09-0.32-0.36-0.220.02-0.050.35-0.210.52-0.2
0.22-0.030.290.390.680.04-0.35-0.010.2-0.340.58-0.2-0.11-0.1-0.14-0.170.560.32-0.150.840.660.28-0.07-0.03-0.11
-0.19-0.370.020.020.02-0.32-0.160.140.2-0.05-0.11-1.00.240.190.17-0.460.21-0.10.20.310.13-0.040.2-0.260.21
-0.47-0.45-0.33-0.01-0.16-0.810.2-0.41-0.34-0.05-0.160.030.560.820.45-0.40.27-0.310.81-0.33-0.27-0.990.82-0.490.8
-0.27-0.170.660.750.890.11-0.040.110.58-0.11-0.160.1-0.15-0.24-0.56-0.240.650.31-0.320.550.780.15-0.22-0.11-0.32
0.210.38-0.02-0.03-0.030.330.15-0.1-0.2-1.00.030.1-0.23-0.2-0.160.46-0.240.08-0.21-0.32-0.140.06-0.220.29-0.22
-0.05-0.34-0.25-0.19-0.17-0.76-0.270.37-0.110.240.56-0.15-0.230.840.73-0.370.1-0.60.8-0.13-0.29-0.640.80.080.82
-0.23-0.3-0.38-0.24-0.24-0.88-0.09-0.19-0.10.190.82-0.24-0.20.840.81-0.330.29-0.410.98-0.15-0.28-0.870.98-0.210.99
0.240.12-0.61-0.65-0.58-0.54-0.25-0.04-0.140.170.45-0.56-0.160.730.810.09-0.07-0.420.8-0.14-0.59-0.50.760.130.83
0.280.98-0.32-0.62-0.490.71-0.06-0.09-0.17-0.46-0.4-0.240.46-0.37-0.330.09-0.370.07-0.320.0-0.430.49-0.40.66-0.32
-0.44-0.240.150.60.67-0.31-0.15-0.320.560.210.270.65-0.240.10.29-0.07-0.370.030.180.610.61-0.290.27-0.380.21
0.050.080.460.170.250.290.52-0.360.32-0.1-0.310.310.08-0.6-0.41-0.420.070.03-0.360.250.30.33-0.34-0.23-0.42
-0.21-0.32-0.35-0.28-0.3-0.90.07-0.22-0.150.20.81-0.32-0.210.80.980.8-0.320.18-0.36-0.24-0.32-0.870.99-0.220.99
0.10.150.050.30.560.19-0.40.020.840.31-0.330.55-0.32-0.13-0.15-0.140.00.610.25-0.240.420.31-0.180.01-0.19
-0.26-0.340.710.780.860.03-0.05-0.050.660.13-0.270.78-0.14-0.29-0.28-0.59-0.430.610.3-0.320.420.22-0.22-0.24-0.31
0.430.530.28-0.010.120.89-0.180.350.28-0.04-0.990.150.06-0.64-0.87-0.50.49-0.290.33-0.870.310.22-0.880.49-0.85
-0.23-0.38-0.28-0.17-0.19-0.930.07-0.21-0.070.20.82-0.22-0.220.80.980.76-0.40.27-0.340.99-0.18-0.22-0.88-0.260.99
0.250.69-0.14-0.46-0.30.48-0.310.52-0.03-0.26-0.49-0.110.290.08-0.210.130.66-0.38-0.23-0.220.01-0.240.49-0.26-0.19
-0.18-0.3-0.39-0.3-0.3-0.88-0.05-0.2-0.110.210.8-0.32-0.220.820.990.83-0.320.21-0.420.99-0.19-0.31-0.850.99-0.19
Click cells to compare fundamentals

NeuroMetrix Account Relationship Matchups

NeuroMetrix fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding121.0K3.8M2.6M891.3K1.0M1.1M
Total Assets6.9M8.0M24.9M24.7M21.4M17.5M
Other Current Liab2.1M1.5M515.9K309.9K586.7K557.3K
Total Current Liabilities3.4M2.3M1.4M1.1M1.2M1.2M
Total Stockholder Equity2.5M5.2M23.2M23.4M20.1M14.4M
Property Plant And Equipment Net1.4M876.2K673.9K536.2K543.6K599.7K
Net Debt(2.2M)(4.8M)(22.3M)(3.9M)(1.5M)(1.6M)
Retained Earnings(194.8M)(196.9M)(199.2M)(203.6M)(210.1M)(220.6M)
Accounts Payable725.7K142.3K284.0K368.1K215.5K204.7K
Cash3.1M5.2M22.6M4.3M1.7M1.6M
Non Current Assets Total1.5M904.7K700.3K562.6K570.0K541.5K
Non Currrent Assets Other74.9K29.7K28.5K26.4K30.4K31.9K
Other Assets30.3K29.7K721.2K700.3K630.3K600.4K
Cash And Short Term Investments3.1M5.2M22.6M21.2M18.0M12.0M
Net Receivables488.0K334.3K310.8K646.8K518.8K492.9K
Common Stock Total Equity271.0738.0140.0379.0341.1669.34
Liabilities And Stockholders Equity6.9M8.0M24.9M24.7M21.4M17.5M
Non Current Liabilities Total916.7K461.4K306.7K207.5K92.5K87.9K
Inventory1.2M1.1M706.6K1.6M1.6M1.6M
Other Current Assets2.3M478.1K598.4K645.5K779.0K1.5M
Other Stockholder Equity197.3M202.1M222.4M226.9M230.0M241.5M
Total Liab4.4M2.7M1.7M1.3M1.3M1.3M
Property Plant And Equipment Gross1.4M183.5K2.0M1.2M1.3M926.1K
Total Current Assets5.4M7.1M24.2M24.1M20.9M15.7M
Accumulated Other Comprehensive Income(1.1M)(1.2M)(1.2M)0.0240.2K252.2K
Common Stock140.0379.0668.0778.0152.0144.4
Property Plant Equipment2.4M273.4K183.5K673.9K606.5K621.0K
Retained Earnings Total Equity(191.3M)(191.0M)(194.8M)(196.9M)(177.2M)(186.1M)
Net Tangible Assets6.1M2.5M5.2M23.2M26.7M28.0M
Capital Surpluse196.4M197.1M197.3M202.1M232.4M201.3M
Net Invested Capital2.5M5.2M23.2M23.4M20.1M13.4M
Net Working Capital2.0M4.8M22.8M23.0M19.6M12.9M
Capital Stock141.0380.0669.0779.0153.0145.35

Pair Trading with NeuroMetrix

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

Moving against NeuroMetrix Stock

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The ability to find closely correlated positions to NeuroMetrix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeuroMetrix 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 NeuroMetrix - 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 NeuroMetrix to buy it.
The correlation of NeuroMetrix 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 NeuroMetrix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeuroMetrix 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 NeuroMetrix 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 CorrelationCorrelation Matching
When determining whether NeuroMetrix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NeuroMetrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neurometrix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neurometrix Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeuroMetrix. 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 NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NeuroMetrix. If investors know NeuroMetrix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NeuroMetrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.51)
Revenue Per Share
2.157
Quarterly Revenue Growth
(0.51)
Return On Assets
(0.28)
Return On Equity
(0.43)
The market value of NeuroMetrix is measured differently than its book value, which is the value of NeuroMetrix that is recorded on the company's balance sheet. Investors also form their own opinion of NeuroMetrix's value that differs from its market value or its book value, called intrinsic value, which is NeuroMetrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NeuroMetrix's market value can be influenced by many factors that don't directly affect NeuroMetrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NeuroMetrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeuroMetrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeuroMetrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.