NAB Stock | | | 37.59 0.05 0.13% |
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 Other Assets and its Non Current Liabilities Total 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Australia Bank Other Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between National Australia's Other Assets and Non Current Liabilities Total is 0.59. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Current Liabilities Total 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 Other Assets and Non Current Liabilities Total 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 Assets of National Australia Bank are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Assets i.e., National Australia's Other Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.
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.