AIZ Stock | | | 0.51 0.01 2.00% |
Air New financial indicator trend analysis is way more than just evaluating Air New Zealand prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air New Zealand is a good investment. Please check the relationship between Air New Non Currrent Assets Other and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Air New Zealand. 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.
Non Currrent Assets Other vs Net Receivables
Non Currrent Assets Other vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Air New Zealand Non Currrent Assets Other account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Air New's Non Currrent Assets Other and Net Receivables is 0.34. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Air New Zealand, assuming nothing else is changed. The correlation between historical values of Air New's Non Currrent Assets Other and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Air New Zealand are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Currrent Assets Other i.e., Air New's Non Currrent Assets Other and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Net Receivables
Most indicators from Air New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air New Zealand 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Air New Zealand. 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 79.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
B in 2024.
Air New fundamental ratios Correlations
Click cells to compare fundamentals
Air New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air New 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 Air Stock Analysis
When running Air New's price analysis, check to
measure Air New'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 Air New is operating at the current time. Most of Air New's value examination focuses on studying past and present price action to
predict the probability of Air New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air New's price. Additionally, you may evaluate how the addition of Air New to your portfolios can decrease your overall portfolio volatility.