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 Intangible Assets and its Total Liab 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.
Intangible Assets vs Total Liab
Intangible Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nationwide Building Intangible Assets account and
Total Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Nationwide Building's Intangible Assets and Total Liab is 0.07. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Liab 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 Intangible Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Nationwide Building Society are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Intangible Assets i.e., Nationwide Building's Intangible Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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.