| WINE Stock | | | 52.50 0.50 0.94% |
Naked Wines financial indicator trend analysis is infinitely more than just investigating Naked Wines plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Naked Wines plc is a good investment. Please check the relationship between Naked Wines Total Assets and its Other Current Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Naked Wines 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 board of governors.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Naked Wines plc Total Assets account and
Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Naked Wines' Total Assets and Other Current Assets is 0.3. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Naked Wines plc, assuming nothing else is changed. The correlation between historical values of Naked Wines' Total Assets and Other Current Assets 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 Assets of Naked Wines plc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Naked Wines' Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Naked Wines assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Naked Wines plc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Naked Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Naked Wines 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Naked Wines 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 board of governors.
Tax Provision is likely to gain to about 4.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 30.4
M in 2024.
Naked Wines fundamental ratios Correlations
Click cells to compare fundamentals
Naked Wines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Naked Wines 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.
Additional Tools for Naked Stock Analysis
When running Naked Wines' price analysis, check to
measure Naked Wines' 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 Naked Wines is operating at the current time. Most of Naked Wines' value examination focuses on studying past and present price action to
predict the probability of Naked Wines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naked Wines' price. Additionally, you may evaluate how the addition of Naked Wines to your portfolios can decrease your overall portfolio volatility.