| NUTX Stock | | | USD 32.91 1.02 3.20% |
Nutex Health financial indicator trend analysis is infinitely more than just investigating Nutex Health recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nutex Health is a good investment. Please check the relationship between Nutex Health Total Current Liabilities and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutex Health. 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 Nutex Stock please use our
How to Invest in Nutex Health guide.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nutex Health Total Current Liabilities account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nutex Health's Total Current Liabilities and Cash is 0.69. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Nutex Health, assuming nothing else is changed. The correlation between historical values of Nutex Health's Total Current Liabilities and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Nutex Health are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Nutex Health's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Nutex Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nutex Health are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Cash
Cash refers to the most liquid asset of Nutex Health, which is listed under current asset account on Nutex Health balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nutex Health customers. The amounts must be unrestricted with restricted cash listed in a different Nutex Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Nutex Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nutex Health 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 Nutex Health. 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 Nutex Stock please use our
How to Invest in Nutex Health guide.
Enterprise Value is likely to rise to about 8.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 26.3
M in 2024.
Nutex Health fundamental ratios Correlations
Click cells to compare fundamentals
Nutex Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nutex Health fundamental ratios Accounts
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Additional Tools for Nutex Stock Analysis
When running Nutex Health's price analysis, check to
measure Nutex Health'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 Nutex Health is operating at the current time. Most of Nutex Health's value examination focuses on studying past and present price action to
predict the probability of Nutex Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutex Health's price. Additionally, you may evaluate how the addition of Nutex Health to your portfolios can decrease your overall portfolio volatility.