NXRT Stock | | | USD 46.18 0.41 0.90% |
Nexpoint Residential financial indicator trend analysis is infinitely more than just investigating Nexpoint Residential recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexpoint Residential is a good investment. Please check the relationship between Nexpoint Residential Current Deferred Revenue and its Property Plant And Equipment Net accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexpoint Residential Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Current Deferred Revenue vs Property Plant And Equipment Net
Current Deferred Revenue vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexpoint Residential Current Deferred Revenue account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nexpoint Residential's Current Deferred Revenue and Property Plant And Equipment Net is 0.91. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Nexpoint Residential Trust, assuming nothing else is changed. The correlation between historical values of Nexpoint Residential's Current Deferred Revenue and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Nexpoint Residential Trust are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Current Deferred Revenue i.e., Nexpoint Residential's Current Deferred Revenue and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Nexpoint Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexpoint Residential 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 Nexpoint Residential Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Nexpoint Residential's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 11.81 in 2024, whereas
Selling General Administrative is likely to drop slightly above 19.6
M in 2024.
Nexpoint Residential fundamental ratios Correlations
Click cells to compare fundamentals
Nexpoint Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexpoint Residential fundamental ratios Accounts
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Additional Tools for Nexpoint Stock Analysis
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