| NBS Stock | | | 132.00 0.00 0.00% |
Nationwide Building financial indicator trend analysis is infinitely more than just investigating Nationwide Building recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nationwide Building is a good investment. Please check the relationship between Nationwide Building Accounts Payable and its Other Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Building Society. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Accounts Payable vs Other Current Assets
Accounts Payable vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nationwide Building Accounts Payable account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nationwide Building's Accounts Payable and Other Current Assets is -0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Nationwide Building Society, assuming nothing else is changed. The correlation between historical values of Nationwide Building's Accounts Payable and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Nationwide Building Society are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Nationwide Building's Accounts Payable and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Nationwide Building obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nationwide Building are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Nationwide Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nationwide Building 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 Nationwide Building Society. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 1.1
B, whereas
Tax Provision is forecasted to decline to about 334.9
M.
Nationwide Building fundamental ratios Correlations
Click cells to compare fundamentals
Nationwide Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nationwide Building fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Nationwide Stock
Balance Sheet is a snapshot of the
financial position of Nationwide Building at a specified time, usually calculated after every quarter, six months, or one year. Nationwide Building Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nationwide Building and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nationwide currently owns. An asset can also be divided into two categories, current and non-current.