Nexalin Depreciation And Amortization vs Total Revenue Analysis

NXLIW Stock  USD 0.62  0.21  51.22%   
Nexalin Technology financial indicator trend analysis is infinitely more than just investigating Nexalin Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexalin Technology is a good investment. Please check the relationship between Nexalin Technology Depreciation And Amortization and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexalin Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Nexalin Stock please use our How to Invest in Nexalin Technology guide.

Depreciation And Amortization vs Total Revenue

Depreciation And Amortization vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexalin Technology Depreciation And Amortization account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nexalin Technology's Depreciation And Amortization and Total Revenue is 0.68. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Nexalin Technology, assuming nothing else is changed. The correlation between historical values of Nexalin Technology's Depreciation And Amortization and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Nexalin Technology are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Depreciation And Amortization i.e., Nexalin Technology's Depreciation And Amortization and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts Nexalin Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Nexalin Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexalin Technology 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 Nexalin Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Nexalin Stock please use our How to Invest in Nexalin Technology guide.Sales General And Administrative To Revenue is likely to climb to 54.81 in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense82.3K59.4K38.8K54.4K
Depreciation And Amortization537.05.7K4.3K2.5K

Nexalin Technology fundamental ratios Correlations

-0.470.370.160.950.72-0.48-0.710.230.380.430.371.00.070.26-0.80.930.840.86-0.011.0-0.220.9-0.79-0.740.99
-0.47-0.040.55-0.670.240.940.860.46-0.59-0.99-0.99-0.43-0.32-0.750.74-0.69-0.86-0.790.71-0.450.95-0.710.620.91-0.56
0.37-0.040.80.190.28-0.31-0.470.850.670.0-0.020.380.76-0.01-0.630.280.210.480.670.370.250.49-0.66-0.30.29
0.160.550.8-0.120.520.310.080.990.17-0.59-0.610.190.36-0.45-0.13-0.07-0.26-0.010.980.170.780.06-0.230.240.04
0.95-0.670.19-0.120.54-0.63-0.8-0.040.380.650.60.940.050.49-0.820.950.950.9-0.30.95-0.490.91-0.76-0.860.98
0.720.240.280.520.540.25-0.090.5-0.17-0.29-0.350.76-0.31-0.23-0.280.470.250.290.470.740.450.39-0.28-0.080.66
-0.480.94-0.310.31-0.630.250.930.19-0.81-0.95-0.94-0.44-0.61-0.70.84-0.68-0.84-0.850.49-0.460.83-0.770.790.94-0.54
-0.710.86-0.470.08-0.8-0.090.93-0.03-0.77-0.85-0.82-0.69-0.56-0.70.96-0.8-0.93-0.960.29-0.70.66-0.90.90.97-0.74
0.230.460.850.99-0.040.50.19-0.030.3-0.49-0.510.260.46-0.37-0.230.01-0.160.10.940.240.710.16-0.350.120.11
0.38-0.590.670.170.38-0.17-0.81-0.770.30.60.590.350.90.3-0.760.540.570.730.010.37-0.40.7-0.87-0.720.38
0.43-0.990.0-0.590.65-0.29-0.95-0.85-0.490.61.00.390.340.77-0.70.650.850.77-0.740.41-0.960.68-0.61-0.90.52
0.37-0.99-0.02-0.610.6-0.35-0.94-0.82-0.510.591.00.330.350.77-0.670.610.820.73-0.750.36-0.970.64-0.58-0.880.47
1.0-0.430.380.190.940.76-0.44-0.690.260.350.390.330.060.25-0.790.910.810.830.031.0-0.180.88-0.77-0.710.99
0.07-0.320.760.360.05-0.31-0.61-0.560.460.90.340.350.060.26-0.550.160.250.450.240.07-0.160.39-0.66-0.440.05
0.26-0.75-0.01-0.450.49-0.23-0.7-0.7-0.370.30.770.770.250.26-0.530.310.650.52-0.560.25-0.720.38-0.37-0.680.32
-0.80.74-0.63-0.13-0.82-0.280.840.96-0.23-0.76-0.7-0.67-0.79-0.55-0.53-0.85-0.89-0.980.08-0.80.49-0.950.940.92-0.81
0.93-0.690.28-0.070.950.47-0.68-0.80.010.540.650.610.910.160.31-0.850.920.93-0.250.93-0.490.97-0.84-0.870.96
0.84-0.860.21-0.260.950.25-0.84-0.93-0.160.570.850.820.810.250.65-0.890.920.95-0.450.83-0.70.92-0.82-0.970.88
0.86-0.790.48-0.010.90.29-0.85-0.960.10.730.770.730.830.450.52-0.980.930.95-0.220.85-0.570.99-0.94-0.960.88
-0.010.710.670.98-0.30.470.490.290.940.01-0.74-0.750.030.24-0.560.08-0.25-0.45-0.220.00.89-0.14-0.030.44-0.13
1.0-0.450.370.170.950.74-0.46-0.70.240.370.410.361.00.070.25-0.80.930.830.850.0-0.210.9-0.78-0.730.99
-0.220.950.250.78-0.490.450.830.660.71-0.4-0.96-0.97-0.18-0.16-0.720.49-0.49-0.7-0.570.89-0.21-0.470.360.75-0.33
0.9-0.710.490.060.910.39-0.77-0.90.160.70.680.640.880.390.38-0.950.970.920.99-0.140.9-0.47-0.94-0.920.92
-0.790.62-0.66-0.23-0.76-0.280.790.9-0.35-0.87-0.61-0.58-0.77-0.66-0.370.94-0.84-0.82-0.94-0.03-0.780.36-0.940.87-0.78
-0.740.91-0.30.24-0.86-0.080.940.970.12-0.72-0.9-0.88-0.71-0.44-0.680.92-0.87-0.97-0.960.44-0.730.75-0.920.87-0.79
0.99-0.560.290.040.980.66-0.54-0.740.110.380.520.470.990.050.32-0.810.960.880.88-0.130.99-0.330.92-0.78-0.79
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Nexalin Technology Account Relationship Matchups

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When running Nexalin Technology's price analysis, check to measure Nexalin Technology'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 Nexalin Technology is operating at the current time. Most of Nexalin Technology's value examination focuses on studying past and present price action to predict the probability of Nexalin Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexalin Technology's price. Additionally, you may evaluate how the addition of Nexalin Technology to your portfolios can decrease your overall portfolio volatility.