| NEOV Stock | | | USD 4.96 0.47 8.66% |
NeoVolta Common financial indicator trend analysis is infinitely more than just investigating NeoVolta Common Stock recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NeoVolta Common Stock is a good investment. Please check the relationship between NeoVolta Common Book Value Per Share and its Roe accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoVolta Common Stock. 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.
Book Value Per Share vs Roe
Book Value Per Share vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NeoVolta Common Stock Book Value Per Share account and
Roe. At this time, the significance of the direction appears to have pay attention.
The correlation between NeoVolta Common's Book Value Per Share and Roe is -0.87. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Roe in the same time period over historical financial statements of NeoVolta Common Stock, assuming nothing else is changed. The correlation between historical values of NeoVolta Common's Book Value Per Share and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of NeoVolta Common Stock are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Book Value Per Share i.e., NeoVolta Common's Book Value Per Share and Roe go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Roe
Most indicators from NeoVolta Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NeoVolta Common Stock 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 NeoVolta Common Stock. 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.
At this time, NeoVolta Common's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 1.30 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
NeoVolta Common fundamental ratios Correlations
Click cells to compare fundamentals
NeoVolta Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NeoVolta Common fundamental ratios Accounts
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