Nixxy, Good Will vs Total Current Liabilities Analysis

NIXX Stock   5.85  0.51  9.55%   
Nixxy, financial indicator trend analysis is infinitely more than just investigating Nixxy, Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nixxy, Inc is a good investment. Please check the relationship between Nixxy, Good Will and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nixxy, Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nixxy, Inc Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Nixxy,'s Good Will and Total Current Liabilities is -0.98. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Nixxy, Inc, assuming nothing else is changed. The correlation between historical values of Nixxy,'s Good Will and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Nixxy, Inc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Good Will i.e., Nixxy,'s Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Liabilities

Total Current Liabilities is an item on Nixxy, balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nixxy, Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Nixxy,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nixxy, Inc 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 Nixxy, Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Selling General Administrative is likely to rise to about 9.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 746.2 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit7.3M7.6M466.8K443.5K
Total Revenue22.2M21.3M3.2M3.0M

Nixxy, fundamental ratios Correlations

-0.85-0.880.97-0.920.33-0.620.140.991.00.970.80.840.740.30.85-0.85-0.34-0.820.96-0.920.270.980.640.960.9
-0.850.99-0.920.97-0.780.94-0.63-0.87-0.87-0.93-0.41-0.99-0.98-0.65-0.551.00.611.0-0.950.98-0.73-0.75-0.17-0.93-0.58
-0.880.99-0.940.97-0.720.9-0.57-0.89-0.9-0.94-0.47-0.98-0.95-0.58-0.610.990.570.99-0.970.99-0.66-0.8-0.23-0.96-0.63
0.97-0.92-0.94-0.970.5-0.720.280.980.980.990.740.920.850.360.83-0.92-0.34-0.890.99-0.970.440.950.531.00.85
-0.920.970.97-0.97-0.640.84-0.47-0.95-0.95-0.99-0.57-0.98-0.94-0.58-0.660.970.540.95-0.980.99-0.61-0.85-0.39-0.96-0.73
0.33-0.78-0.720.5-0.64-0.910.940.380.370.52-0.180.780.860.750.01-0.78-0.62-0.810.57-0.670.980.2-0.430.54-0.01
-0.620.940.9-0.720.84-0.91-0.86-0.66-0.66-0.76-0.06-0.91-0.95-0.83-0.220.930.790.95-0.790.86-0.87-0.480.17-0.74-0.26
0.14-0.63-0.570.28-0.470.94-0.860.190.190.33-0.440.620.720.85-0.28-0.63-0.77-0.670.37-0.490.95-0.04-0.620.32-0.26
0.99-0.87-0.890.98-0.950.38-0.660.191.00.990.760.870.790.390.81-0.87-0.39-0.830.97-0.940.350.950.630.950.89
1.0-0.87-0.90.98-0.950.37-0.660.191.00.980.770.870.780.360.83-0.87-0.38-0.840.97-0.940.330.960.610.960.88
0.97-0.93-0.940.99-0.990.52-0.760.330.990.980.680.940.880.480.76-0.93-0.45-0.90.99-0.980.490.920.510.970.82
0.8-0.41-0.470.74-0.57-0.18-0.06-0.440.760.770.680.420.29-0.290.97-0.410.27-0.350.66-0.56-0.230.90.920.710.97
0.84-0.99-0.980.92-0.980.78-0.910.620.870.870.940.420.990.660.55-0.99-0.58-0.980.95-0.980.750.740.210.930.6
0.74-0.98-0.950.85-0.940.86-0.950.720.790.780.880.290.990.710.44-0.98-0.62-0.980.89-0.950.840.640.070.870.48
0.3-0.65-0.580.36-0.580.75-0.830.850.390.360.48-0.290.660.71-0.21-0.65-0.95-0.660.45-0.550.820.1-0.310.35-0.06
0.85-0.55-0.610.83-0.660.01-0.22-0.280.810.830.760.970.550.44-0.21-0.550.2-0.510.76-0.67-0.080.940.810.820.96
-0.851.00.99-0.920.97-0.780.93-0.63-0.87-0.87-0.93-0.41-0.99-0.98-0.65-0.550.611.0-0.950.98-0.73-0.75-0.17-0.93-0.58
-0.340.610.57-0.340.54-0.620.79-0.77-0.39-0.38-0.450.27-0.58-0.62-0.950.20.610.64-0.430.52-0.66-0.130.29-0.330.05
-0.821.00.99-0.890.95-0.810.95-0.67-0.83-0.84-0.9-0.35-0.98-0.98-0.66-0.511.00.64-0.930.97-0.75-0.71-0.1-0.91-0.53
0.96-0.95-0.970.99-0.980.57-0.790.370.970.970.990.660.950.890.450.76-0.95-0.43-0.93-0.990.510.910.450.990.8
-0.920.980.99-0.970.99-0.670.86-0.49-0.94-0.94-0.98-0.56-0.98-0.95-0.55-0.670.980.520.97-0.99-0.62-0.85-0.34-0.97-0.71
0.27-0.73-0.660.44-0.610.98-0.870.950.350.330.49-0.230.750.840.82-0.08-0.73-0.66-0.750.51-0.620.13-0.420.47-0.05
0.98-0.75-0.80.95-0.850.2-0.48-0.040.950.960.920.90.740.640.10.94-0.75-0.13-0.710.91-0.850.130.740.930.96
0.64-0.17-0.230.53-0.39-0.430.17-0.620.630.610.510.920.210.07-0.310.81-0.170.29-0.10.45-0.34-0.420.740.470.89
0.96-0.93-0.961.0-0.960.54-0.740.320.950.960.970.710.930.870.350.82-0.93-0.33-0.910.99-0.970.470.930.470.82
0.9-0.58-0.630.85-0.73-0.01-0.26-0.260.890.880.820.970.60.48-0.060.96-0.580.05-0.530.8-0.71-0.050.960.890.82
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Nixxy, Account Relationship Matchups

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