| NEV Stock | | | CAD 0.01 0.01 25.00% |
Nevada Sunrise financial indicator trend analysis is infinitely more than just investigating Nevada Sunrise Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada Sunrise Gold is a good investment. Please check the relationship between Nevada Sunrise Ev To Free Cash Flow and its Average Inventory accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada Sunrise Gold. 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.
Ev To Free Cash Flow vs Average Inventory
Ev To Free Cash Flow vs Average Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nevada Sunrise Gold Ev To Free Cash Flow account and
Average Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Nevada Sunrise's Ev To Free Cash Flow and Average Inventory is -0.08. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Nevada Sunrise Gold, assuming nothing else is changed. The correlation between historical values of Nevada Sunrise's Ev To Free Cash Flow and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Nevada Sunrise Gold are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Ev To Free Cash Flow i.e., Nevada Sunrise's Ev To Free Cash Flow and Average Inventory go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.
Most indicators from Nevada Sunrise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada Sunrise Gold 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 Nevada Sunrise Gold. 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.
At this time, Nevada Sunrise's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 16.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 311.4
K in 2024.
Nevada Sunrise fundamental ratios Correlations
Click cells to compare fundamentals
Nevada Sunrise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nevada Sunrise fundamental ratios Accounts
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Additional Tools for Nevada Stock Analysis
When running Nevada Sunrise's price analysis, check to
measure Nevada Sunrise'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 Nevada Sunrise is operating at the current time. Most of Nevada Sunrise's value examination focuses on studying past and present price action to
predict the probability of Nevada Sunrise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada Sunrise's price. Additionally, you may evaluate how the addition of Nevada Sunrise to your portfolios can decrease your overall portfolio volatility.