| NAAS Stock | | | USD 2.93 0.11 3.90% |
Naas Technology financial indicator trend analysis is infinitely more than just investigating Naas Technology ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Naas Technology ADR is a good investment. Please check the relationship between Naas Technology Other Current Assets and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Naas Technology ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Naas Technology ADR Other Current Assets account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Naas Technology's Other Current Assets and Accounts Payable is 0.36. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Naas Technology ADR, assuming nothing else is changed. The correlation between historical values of Naas Technology's Other Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Naas Technology ADR are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Current Assets i.e., Naas Technology's Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Accounts Payable
An accounting item on the balance sheet that represents Naas Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Naas Technology ADR are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Naas Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Naas Technology ADR 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Naas Technology ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Naas Technology's
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 252.4
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(2.89) in 2024.
Naas Technology fundamental ratios Correlations
Click cells to compare fundamentals
Naas Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Naas Technology 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 Naas Stock Analysis
When running Naas Technology's price analysis, check to
measure Naas Technology'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 Naas Technology is operating at the current time. Most of Naas Technology's value examination focuses on studying past and present price action to
predict the probability of Naas Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naas Technology's price. Additionally, you may evaluate how the addition of Naas Technology to your portfolios can decrease your overall portfolio volatility.