| NWX Stock | | | CAD 0.07 0.01 6.25% |
Newport Exploration financial indicator trend analysis is infinitely more than just investigating Newport Exploration recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newport Exploration is a good investment. Please check the relationship between Newport Exploration Total Assets and its Short Long Term Debt Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newport Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Assets vs Short Long Term Debt Total
Total Assets vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newport Exploration Total Assets account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Newport Exploration's Total Assets and Short Long Term Debt Total is 0.39. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Newport Exploration, assuming nothing else is changed. The correlation between historical values of Newport Exploration's Total Assets and Short Long Term Debt Total 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 Assets of Newport Exploration are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Assets i.e., Newport Exploration's Total Assets and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Newport Exploration assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Newport Exploration books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Short Long Term Debt Total
Most indicators from Newport Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newport Exploration 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 Newport Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Newport Exploration's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 4.68 in 2024, whereas
Tax Provision is likely to drop slightly above 870.3
K in 2024.
Newport Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Newport Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newport Exploration fundamental ratios Accounts
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Additional Tools for Newport Stock Analysis
When running Newport Exploration's price analysis, check to
measure Newport Exploration'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 Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to
predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.