| 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 Total Assets and its 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.
Total Assets vs Short Term Investments
Total Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Navarre Minerals Total Assets account and
Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Navarre Minerals' Total Assets and Short Term Investments is -0.12. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of 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' Total Assets 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 Total Assets of Navarre Minerals are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Assets i.e., Navarre Minerals' Total Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Navarre Minerals 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 Navarre Minerals 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Navarre Minerals balance sheet. It contains any investments Navarre Minerals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Navarre Minerals can easily liquidate in the marketplace.
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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