NXT Stock | | | 10,080 218.00 2.21% |
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 Total Liab and its Other Liab 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.
Total Liab vs Other Liab
Total Liab vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Next PLC Total Liab account and
Other Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Next PLC's Total Liab and Other Liab is -0.27. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Liab 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 Total Liab and Other Liab 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 Next PLC are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Total Liab i.e., Next PLC's Total Liab and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.27 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Other Liab
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
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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.