Chardan Depreciation vs Stock Based Compensation Analysis

DFLIW Stock  USD 0.02  0  5.56%   
Chardan NexTech financial indicator trend analysis is way more than just evaluating Chardan NexTech Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chardan NexTech Acqu is a good investment. Please check the relationship between Chardan NexTech Depreciation and its Stock Based Compensation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Depreciation vs Stock Based Compensation

Depreciation vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chardan NexTech Acqu Depreciation account and Stock Based Compensation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chardan NexTech's Depreciation and Stock Based Compensation is 0.87. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Chardan NexTech Acquisition, assuming nothing else is changed. The correlation between historical values of Chardan NexTech's Depreciation and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Chardan NexTech Acquisition are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Depreciation i.e., Chardan NexTech's Depreciation and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Depreciation

Depreciation indicates how much of Chardan NexTech Acqu value has been used up. For tax purposes Chardan NexTech can deduct the cost of the tangible assets it purchases as business expenses. However, Chardan NexTech Acquisition must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Most indicators from Chardan NexTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chardan NexTech Acqu 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Sales General And Administrative To Revenue is likely to climb to 0.43 in 2024, whereas Tax Provision is likely to drop slightly above 755.8 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit29.6M24.0M15.4M17.9M
Total Revenue78M86.3M64.4M75.9M

Chardan NexTech fundamental ratios Correlations

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-0.46-0.58-0.070.020.2-0.170.35-0.49-0.33-0.51-0.68-0.170.77-0.680.77-0.89-0.6-0.38-0.770.17-0.58-0.37-0.11-0.530.46
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Chardan NexTech Account Relationship Matchups

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