| 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 Liab and its Cash And Short Term Investments 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 Liab vs Cash And Short Term Investments
Total Liab vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newport Exploration Total Liab account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Newport Exploration's Total Liab and Cash And Short Term Investments is 0.72. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash And Short Term Investments 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 Liab and Cash And Short Term Investments 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 Liab of Newport Exploration are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Liab i.e., Newport Exploration's Total Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Newport Exploration balance sheet. This account contains Newport Exploration investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Newport Exploration fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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.