Nano Historical Financial Ratios
| NANO Stock | 0.92 0.01 1.10% |
Nano One is lately reporting on over 87 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 17.74 will help investors to properly organize and evaluate Nano One Materials financial condition quickly.
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About Nano Financial Ratios Analysis
Nano One MaterialsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Nano One investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Nano financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Nano One history.
Nano One Financial Ratios Chart
Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Nano One Materials stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Nano One sales, a figure that is much harder to manipulate than other Nano One Materials multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Research And Ddevelopement To Revenue
The ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services.Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.Most ratios from Nano One's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Nano One Materials current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Nano One Materials. 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. At this time, Nano One's Shareholders Equity Per Share is very stable compared to the past year. As of the 27th of December 2024, Average Receivables is likely to grow to about 887.4 K, while Price To Sales Ratio is likely to drop 5.38.
| 2023 | 2024 (projected) | Payables Turnover | 0.4 | 0.38 | Days Of Inventory On Hand | 170.89 | 119.29 |
Nano One fundamentals Correlations
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Nano One Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Nano One
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nano One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nano One will appreciate offsetting losses from the drop in the long position's value.Moving against Nano Stock
| 0.62 | NICU | Magna Mining | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | BOFA | Bank of America | PairCorr |
| 0.53 | WMT | Walmart Inc CDR | PairCorr |
| 0.52 | GS | GOLDMAN SACHS CDR | PairCorr |
The ability to find closely correlated positions to Nano One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nano One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nano One Materials to buy it.
The correlation of Nano One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano One Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nano One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nano Stock
Nano One MaterialsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Nano One investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Nano financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Nano One history.