NCC Stock | | | 287.55 12.15 4.05% |
NCC financial indicator trend analysis is infinitely more than just investigating NCC Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NCC Limited is a good investment. Please check the relationship between NCC Short Term Investments and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NCC Limited. 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.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NCC Limited Short Term Investments account and
Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NCC's Short Term Investments and Total Assets is -0.22. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of NCC Limited, assuming nothing else is changed. The correlation between historical values of NCC's Short Term Investments and Total 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 Short Term Investments of NCC Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., NCC's Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of NCC balance sheet. It contains any investments NCC Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NCC Limited can easily liquidate in the marketplace.
Total Assets
Total assets refers to the total amount of NCC assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NCC Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from NCC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NCC Limited 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 NCC Limited. 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.
As of December 22, 2024,
Selling General Administrative is expected to decline to about 666.7
M. In addition to that,
Tax Provision is expected to decline to about 1.7
BNCC fundamental ratios Correlations
Click cells to compare fundamentals
NCC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NCC fundamental ratios Accounts
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Other Information on Investing in NCC Stock
Balance Sheet is a snapshot of the
financial position of NCC Limited at a specified time, usually calculated after every quarter, six months, or one year. NCC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NCC 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 NCC currently owns. An asset can also be divided into two categories, current and non-current.