| PNPN Stock | | | 0.75 0.03 3.85% |
Power Nickel financial indicator trend analysis is much more than just breaking down Power Nickel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power Nickel is a good investment. Please check the relationship between Power Nickel Net Borrowings and its Net Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Nickel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Borrowings vs Net Income
Net Borrowings vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Power Nickel Net Borrowings account and
Net Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Power Nickel's Net Borrowings and Net Income is 0.28. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Power Nickel, assuming nothing else is changed. The correlation between historical values of Power Nickel's Net Borrowings and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Power Nickel are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Power Nickel's Net Borrowings and Net Income go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Power Nickel financial statement analysis. It represents the amount of money remaining after all of Power Nickel operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Power Nickel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power Nickel 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Nickel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Power Nickel's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 31.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.5
M in 2024.
Power Nickel fundamental ratios Correlations
Click cells to compare fundamentals
Power Nickel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Power Nickel fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Power Stock Analysis
When running Power Nickel's price analysis, check to
measure Power Nickel'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 Power Nickel is operating at the current time. Most of Power Nickel's value examination focuses on studying past and present price action to
predict the probability of Power Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Power Nickel's price. Additionally, you may evaluate how the addition of Power Nickel to your portfolios can decrease your overall portfolio volatility.