NextTrip Liabilities And Stockholders Equity from 2010 to 2024

NTRP Stock  USD 3.31  0.23  6.50%   
NextTrip Liabilities And Stockholders Equity yearly trend continues to be relatively stable with very little volatility. Liabilities And Stockholders Equity is likely to grow to about 10.2 M this year. Liabilities And Stockholders Equity is the total of all liabilities and equity in the company, which should equal NextTrip's total assets according to the accounting equation. View All Fundamentals
 
Liabilities And Stockholders Equity  
First Reported
2011-06-30
Previous Quarter
2.9 M
Current Value
2.8 M
Quarterly Volatility
9.7 M
 
Yuan Drop
 
Covid
Check NextTrip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NextTrip's main balance sheet or income statement drivers, such as Selling General Administrative of 6.5 M, Other Operating Expenses of 10.6 M or Total Operating Expenses of 10.3 M, as well as many indicators such as Price To Sales Ratio of 12.33, Dividend Yield of 0.0 or PTB Ratio of 0.9. NextTrip financial statements analysis is a perfect complement when working with NextTrip Valuation or Volatility modules.
  
Check out the analysis of NextTrip Correlation against competitors.
To learn how to invest in NextTrip Stock, please use our How to Invest in NextTrip guide.

Latest NextTrip's Liabilities And Stockholders Equity Growth Pattern

Below is the plot of the Liabilities And Stockholders Equity of NextTrip over the last few years. It is the total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation. NextTrip's Liabilities And Stockholders Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NextTrip's overall financial position and show how it may be relating to other accounts over time.
Liabilities And Stockholders Equity10 Years Trend
Pretty Stable
   Liabilities And Stockholders Equity   
       Timeline  

NextTrip Liabilities And Stockholders Equity Regression Statistics

Arithmetic Mean13,669,683
Geometric Mean7,659,005
Coefficient Of Variation58.97
Mean Deviation6,395,317
Median13,840,990
Standard Deviation8,061,552
Sample Variance65T
Range29.5M
R-Value(0.19)
Mean Square Error67.6T
R-Squared0.03
Significance0.51
Slope(334,659)
Total Sum of Squares909.8T

NextTrip Liabilities And Stockholders Equity History

202410.2 M
20235.1 M
20225.7 M
202113.8 M
20205.7 M
201829.5 M
201716.4 M

About NextTrip Financial Statements

NextTrip shareholders use historical fundamental indicators, such as Liabilities And Stockholders Equity, to determine how well the company is positioned to perform in the future. Although NextTrip investors may analyze each financial statement separately, they are all interrelated. The changes in NextTrip's assets and liabilities, for example, are also reflected in the revenues and expenses on on NextTrip's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Liabilities And Stockholders Equity5.1 M10.2 M

Pair Trading with NextTrip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NextTrip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NextTrip will appreciate offsetting losses from the drop in the long position's value.

Moving against NextTrip Stock

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The ability to find closely correlated positions to NextTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextTrip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NextTrip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NextTrip to buy it.
The correlation of NextTrip is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NextTrip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextTrip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NextTrip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NextTrip Stock Analysis

When running NextTrip's price analysis, check to measure NextTrip'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 NextTrip is operating at the current time. Most of NextTrip's value examination focuses on studying past and present price action to predict the probability of NextTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextTrip's price. Additionally, you may evaluate how the addition of NextTrip to your portfolios can decrease your overall portfolio volatility.