NNOX Stock | | | USD 6.76 0.19 2.89% |
Nano X financial indicator trend analysis is infinitely more than just investigating Nano X Imaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nano X Imaging is a good investment. Please check the relationship between Nano X Free Cash Flow Yield and its Free Cash Flow Per Share accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano X Imaging. 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.
Free Cash Flow Yield vs Free Cash Flow Per Share
Free Cash Flow Yield vs Free Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nano X Imaging Free Cash Flow Yield account and
Free Cash Flow Per Share. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nano X's Free Cash Flow Yield and Free Cash Flow Per Share is 0.82. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Nano X Imaging, assuming nothing else is changed. The correlation between historical values of Nano X's Free Cash Flow Yield and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Nano X Imaging are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Free Cash Flow Yield i.e., Nano X's Free Cash Flow Yield and Free Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from Nano X's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nano X Imaging 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 Nano X Imaging. 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, Nano X's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 37.7
M in 2024, whereas
Tax Provision is likely to drop (1.4
M) in 2024.
Nano X fundamental ratios Correlations
Click cells to compare fundamentals
Nano X Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nano X fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Nano Stock Analysis
When running Nano X's price analysis, check to
measure Nano X'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 Nano X is operating at the current time. Most of Nano X's value examination focuses on studying past and present price action to
predict the probability of Nano X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nano X's price. Additionally, you may evaluate how the addition of Nano X to your portfolios can decrease your overall portfolio volatility.