NVT Stock | | | USD 78.34 0.38 0.49% |
NVent Electric financial indicator trend analysis is infinitely more than just investigating nVent Electric PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nVent Electric PLC is a good investment. Please check the relationship between NVent Electric End Period Cash Flow and its Cash Per Share accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
nVent Electric PLC End Period Cash Flow account and
Cash Per Share. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NVent Electric's End Period Cash Flow and Cash Per Share is 0.97. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of nVent Electric PLC, assuming nothing else is changed. The correlation between historical values of NVent Electric's End Period Cash Flow and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of nVent Electric PLC are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of End Period Cash Flow i.e., NVent Electric's End Period Cash Flow and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from NVent Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nVent Electric PLC 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 nVent Electric PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
Issuance Of Capital Stock is likely to gain to about 11.3
M in 2024, whereas
Tax Provision is likely to drop slightly above 57.3
M in 2024.
When running NVent Electric's price analysis, check to
measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to
predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.