| NML Stock | | | 0.14 0.01 7.69% |
Navarre Minerals financial indicator trend analysis is infinitely more than just investigating Navarre Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Navarre Minerals is a good investment. Please check the relationship between Navarre Minerals Other Stockholder Equity and its Cash And Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Navarre Minerals. 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.
Other Stockholder Equity vs Cash And Short Term Investments
Other Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Navarre Minerals Other Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Navarre Minerals' Other Stockholder Equity and Cash And Short Term Investments is -0.25. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Navarre Minerals, assuming nothing else is changed. The correlation between historical values of Navarre Minerals' Other Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Navarre Minerals are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., Navarre Minerals' Other Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Stockholder Equity
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Navarre Minerals balance sheet. This account contains Navarre Minerals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Navarre Minerals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Navarre Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Navarre Minerals 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 Navarre Minerals. 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.
Selling General Administrative is likely to gain to about 1.4
M in 2024.
Tax Provision is expected to grow at the current pace this year
Navarre Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Navarre Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Navarre Minerals fundamental ratios Accounts
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Additional Tools for Navarre Stock Analysis
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measure Navarre Minerals' 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 Navarre Minerals is operating at the current time. Most of Navarre Minerals' value examination focuses on studying past and present price action to
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