Nayax Cash And Short Term Investments vs Good Will Analysis

NYAX Stock  USD 28.69  1.39  5.09%   
Nayax financial indicator trend analysis is infinitely more than just investigating Nayax recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nayax is a good investment. Please check the relationship between Nayax Cash And Short Term Investments and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nayax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Nayax Stock please use our How to Invest in Nayax guide.

Cash And Short Term Investments vs Good Will

Cash And Short Term Investments vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nayax Cash And Short Term Investments account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nayax's Cash And Short Term Investments and Good Will is 0.9. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of Nayax, assuming nothing else is changed. The correlation between historical values of Nayax's Cash And Short Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Nayax are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Cash And Short Term Investments i.e., Nayax's Cash And Short Term Investments and Good Will go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nayax balance sheet. This account contains Nayax investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nayax 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Nayax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nayax 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 Nayax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Nayax Stock please use our How to Invest in Nayax guide.At this time, Nayax's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 71.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense964K993K2.8M3.0M
Depreciation And Amortization7.5M8.6M12.5M7.5M

Nayax fundamental ratios Correlations

0.160.390.240.34-0.06-0.23-0.110.18-0.780.8-0.480.4-0.060.270.680.230.24-0.060.40.170.630.290.260.330.17
0.160.810.980.930.92-0.880.930.85-0.57-0.15-0.940.920.930.980.740.960.930.930.580.990.790.870.690.890.92
0.390.810.880.960.52-0.730.560.5-0.650.37-0.790.890.690.90.840.840.880.690.730.790.860.860.30.720.65
0.240.980.880.960.84-0.930.850.84-0.61-0.01-0.940.970.870.990.760.980.970.870.570.990.820.940.680.90.93
0.340.930.960.960.71-0.820.740.68-0.710.19-0.910.960.790.980.830.950.920.80.750.920.860.880.50.870.8
-0.060.920.520.840.71-0.80.990.88-0.33-0.49-0.820.720.930.830.520.820.780.930.330.920.590.710.780.770.9
-0.23-0.88-0.73-0.93-0.82-0.8-0.78-0.910.470.080.86-0.92-0.77-0.87-0.63-0.88-0.96-0.77-0.24-0.92-0.74-0.96-0.8-0.82-0.95
-0.110.930.560.850.740.99-0.780.84-0.31-0.49-0.80.720.950.850.520.830.790.950.380.920.590.710.70.760.87
0.180.850.50.840.680.88-0.910.84-0.49-0.27-0.860.810.720.790.50.840.810.720.20.890.590.780.960.870.98
-0.78-0.57-0.65-0.61-0.71-0.330.47-0.31-0.49-0.570.78-0.73-0.27-0.67-0.73-0.69-0.52-0.28-0.77-0.57-0.69-0.49-0.49-0.79-0.54
0.8-0.150.37-0.010.19-0.490.08-0.49-0.27-0.57-0.090.19-0.370.030.410.00.02-0.360.4-0.150.340.08-0.250.04-0.21
-0.48-0.94-0.79-0.94-0.91-0.820.86-0.8-0.860.78-0.09-0.94-0.78-0.95-0.84-0.93-0.88-0.78-0.62-0.94-0.88-0.84-0.77-0.93-0.91
0.40.920.890.970.960.72-0.920.720.81-0.730.19-0.940.720.960.770.960.960.730.580.930.830.930.690.930.9
-0.060.930.690.870.790.93-0.770.950.72-0.27-0.37-0.780.720.860.650.790.831.00.430.90.710.770.540.670.79
0.270.980.90.990.980.83-0.870.850.79-0.670.03-0.950.960.860.790.980.940.870.670.980.830.890.630.910.89
0.680.740.840.760.830.52-0.630.520.5-0.730.41-0.840.770.650.790.680.740.660.680.710.990.740.380.620.57
0.230.960.840.980.950.82-0.880.830.84-0.690.0-0.930.960.790.980.680.920.80.630.970.740.860.70.960.92
0.240.930.880.970.920.78-0.960.790.81-0.520.02-0.880.960.830.940.740.920.840.430.940.830.990.650.820.9
-0.060.930.690.870.80.93-0.770.950.72-0.28-0.36-0.780.731.00.870.660.80.840.440.90.710.780.540.670.79
0.40.580.730.570.750.33-0.240.380.2-0.770.4-0.620.580.430.670.680.630.430.440.520.610.350.070.620.33
0.170.990.790.990.920.92-0.920.920.89-0.57-0.15-0.940.930.90.980.710.970.940.90.520.770.890.750.910.96
0.630.790.860.820.860.59-0.740.590.59-0.690.34-0.880.830.710.830.990.740.830.710.610.770.830.480.670.67
0.290.870.860.940.880.71-0.960.710.78-0.490.08-0.840.930.770.890.740.860.990.780.350.890.830.630.760.86
0.260.690.30.680.50.78-0.80.70.96-0.49-0.25-0.770.690.540.630.380.70.650.540.070.750.480.630.790.89
0.330.890.720.90.870.77-0.820.760.87-0.790.04-0.930.930.670.910.620.960.820.670.620.910.670.760.790.92
0.170.920.650.930.80.9-0.950.870.98-0.54-0.21-0.910.90.790.890.570.920.90.790.330.960.670.860.890.92
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Nayax Account Relationship Matchups

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