| NAOV Stock | | | USD 0.60 0.0001 0.02% |
NanoVibronix financial indicator trend analysis is infinitely more than just investigating NanoVibronix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoVibronix is a good investment. Please check the relationship between NanoVibronix Other Non Cash Items and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy NanoVibronix Stock please use our
How to Invest in NanoVibronix guide.
Other Non Cash Items vs Capital Expenditures
Other Non Cash Items vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NanoVibronix Other Non Cash Items account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between NanoVibronix's Other Non Cash Items and Capital Expenditures is 0.61. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of NanoVibronix, assuming nothing else is changed. The correlation between historical values of NanoVibronix's Other Non Cash Items and Capital Expenditures 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 Non Cash Items of NanoVibronix are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Other Non Cash Items i.e., NanoVibronix's Other Non Cash Items and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Non Cash Items
Capital Expenditures
Capital Expenditures are funds used by NanoVibronix to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of NanoVibronix operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from NanoVibronix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoVibronix 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 NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy NanoVibronix Stock please use our
How to Invest in NanoVibronix guide.At this time, NanoVibronix's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 0.39 in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.4
M in 2024.
NanoVibronix fundamental ratios Correlations
Click cells to compare fundamentals
NanoVibronix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NanoVibronix 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 NanoVibronix Stock Analysis
When running NanoVibronix's price analysis, check to
measure NanoVibronix'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 NanoVibronix is operating at the current time. Most of NanoVibronix's value examination focuses on studying past and present price action to
predict the probability of NanoVibronix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NanoVibronix's price. Additionally, you may evaluate how the addition of NanoVibronix to your portfolios can decrease your overall portfolio volatility.