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 Net Invested Capital and its Capital Surpluse 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.
Net Invested Capital vs Capital Surpluse
Net Invested Capital vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
nVent Electric PLC Net Invested Capital account and
Capital Surpluse. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NVent Electric's Net Invested Capital and Capital Surpluse is -0.09. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Surpluse 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 Net Invested Capital and Capital Surpluse 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 nVent Electric PLC are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Invested Capital i.e., NVent Electric's Net Invested Capital and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Capital Surpluse
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.
NVent Electric fundamental ratios Correlations
Click cells to compare fundamentals
NVent Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NVent Electric fundamental ratios Accounts
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