NWTN Non Current Assets Total vs Cash Analysis
NWTN Stock | 1.29 0.17 11.64% |
NWTN financial indicator trend analysis is infinitely more than just investigating NWTN Class B recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NWTN Class B is a good investment. Please check the relationship between NWTN Non Current Assets Total and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. 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.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NWTN Class B Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between NWTN's Non Current Assets Total and Cash is 0.79. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of NWTN Class B, assuming nothing else is changed. The correlation between historical values of NWTN's Non Current Assets Total 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 Non Current Assets Total of NWTN Class B 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 Non Current Assets Total i.e., NWTN's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Cash
Cash refers to the most liquid asset of NWTN Class B, which is listed under current asset account on NWTN Class B balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NWTN customers. The amounts must be unrestricted with restricted cash listed in a different NWTN 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 NWTN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NWTN Class B 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 NWTN Class B. 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. At this time, NWTN's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 483 M, while Selling General Administrative is likely to drop about 15.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 10.8M | 40.4M | 46.5M | 48.8M | Depreciation And Amortization | 16.2K | 748.6K | 860.9K | 903.9K |
NWTN fundamental ratios Correlations
Click cells to compare fundamentals
NWTN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NWTN fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 139.4M | 13.9M | 13.9M | 350.8M | 403.4M | 423.6M | |
Other Current Liab | 38.4K | 190.4M | 28.5M | 34.2M | 39.3M | 55.7M | |
Total Current Liabilities | 38.4K | 221.9M | 69.4M | 63.1M | 72.6M | 78.0M | |
Total Stockholder Equity | 139.0M | (195.4M) | (52.5M) | 280.8M | 322.9M | 339.1M | |
Net Debt | (389.4K) | 23.3M | 25.4M | (189.1M) | (170.2M) | (161.7M) | |
Retained Earnings | 536.2K | (239.1M) | (251.5M) | (292.2M) | (263.0M) | (249.9M) | |
Cash | 389.4K | 3.3K | 21.3K | 211.9M | 243.6M | 255.8M | |
Non Current Assets Total | 138.8M | 48.7K | 33.5K | 109.9M | 126.4M | 132.7M | |
Cash And Short Term Investments | 389.4K | 3.3K | 21.3K | 212.0M | 243.8M | 256.0M | |
Liabilities And Stockholders Equity | 139.4M | 13.9M | 13.9M | 350.2M | 402.7M | 422.9M | |
Total Liab | 440.9K | 221.9M | 69.4M | 72.0M | 82.8M | 80.0M | |
Total Current Assets | 591.8K | 13.8M | 13.9M | 240.3M | 276.3M | 290.1M |
Pair Trading with NWTN
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 NWTN 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 NWTN will appreciate offsetting losses from the drop in the long position's value.Moving together with NWTN Stock
Moving against NWTN Stock
0.71 | FOXF | Fox Factory Holding | PairCorr |
0.62 | AEO | American Eagle Outfitters | PairCorr |
0.58 | DAN | Dana Inc | PairCorr |
0.56 | WING | Wingstop | PairCorr |
0.52 | ADNT | Adient PLC | PairCorr |
The ability to find closely correlated positions to NWTN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NWTN 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 NWTN - 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 NWTN Class B to buy it.
The correlation of NWTN 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 NWTN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NWTN Class B 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 NWTN 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. 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. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Automotive Parts & Equipment 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 NWTN. If investors know NWTN 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 NWTN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.002 | Return On Assets (0.33) | Return On Equity (1.29) |
The market value of NWTN Class B is measured differently than its book value, which is the value of NWTN that is recorded on the company's balance sheet. Investors also form their own opinion of NWTN's value that differs from its market value or its book value, called intrinsic value, which is NWTN'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 NWTN's market value can be influenced by many factors that don't directly affect NWTN'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 NWTN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NWTN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NWTN'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.