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 Total Current Assets and its Non Currrent Assets Other 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.
Total Current Assets vs Non Currrent Assets Other
Total Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Australia Bank Total Current Assets account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between National Australia's Total Current Assets and Non Currrent Assets Other is 0.67. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Currrent Assets Other 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 Total Current Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of National Australia Bank are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Assets i.e., National Australia's Total Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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.
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
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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.