NXT Stock | | | 9,796 42.00 0.43% |
Next PLC financial indicator trend analysis is infinitely more than just investigating Next PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Next PLC is a good investment. Please check the relationship between Next PLC Other Liab and its Common Stock Shares Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Next PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Other Liab vs Common Stock Shares Outstanding
Other Liab vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Next PLC Other Liab account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Next PLC's Other Liab and Common Stock Shares Outstanding is -0.13. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Next PLC, assuming nothing else is changed. The correlation between historical values of Next PLC's Other Liab and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Next PLC are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Liab i.e., Next PLC's Other Liab and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Liab
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Next PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Next PLC 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 Next PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 690.6
M, whereas
Tax Provision is forecasted to decline to about 156.1
M.
Next PLC fundamental ratios Correlations
Click cells to compare fundamentals
Next PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Next PLC fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Next Stock
Balance Sheet is a snapshot of the
financial position of Next PLC at a specified time, usually calculated after every quarter, six months, or one year. Next PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Next PLC and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Next currently owns. An asset can also be divided into two categories, current and non-current.