NAB Stock | | | 39.60 0.30 0.76% |
National Australia financial indicator trend analysis is infinitely more than just investigating National Australia Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Australia Bank is a good investment. Please check the relationship between National Australia Common Stock Total Equity and its Property Plant And Equipment Gross accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Australia Bank. 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.
Common Stock Total Equity vs Property Plant And Equipment Gross
Common Stock Total Equity vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Australia Bank Common Stock Total Equity account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have very week relationship.
The correlation between National Australia's Common Stock Total Equity and Property Plant And Equipment Gross is 0.21. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of National Australia Bank, assuming nothing else is changed. The correlation between historical values of National Australia's Common Stock Total Equity and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of National Australia Bank are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Common Stock Total Equity i.e., National Australia's Common Stock Total Equity and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Property Plant And Equipment Gross
Most indicators from National Australia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Australia Bank 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 National Australia Bank. 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.
Selling General Administrative is likely to gain to about 2
B in 2024, whereas
Discontinued Operations is likely to drop (204.1
M) in 2024.
National Australia fundamental ratios Correlations
Click cells to compare fundamentals
National Australia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Australia fundamental ratios Accounts
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Additional Tools for National Stock Analysis
When running National Australia's price analysis, check to
measure National Australia'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 National Australia is operating at the current time. Most of National Australia's value examination focuses on studying past and present price action to
predict the probability of National Australia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Australia's price. Additionally, you may evaluate how the addition of National Australia to your portfolios can decrease your overall portfolio volatility.