Nova Other Current Assets vs Capital Stock Analysis
| NOVV Stock | USD 37.00 0.00 0.00% |
Nova Vision financial indicator trend analysis is infinitely more than just investigating Nova Vision Acquisition recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Vision Acquisition is a good investment. Please check the relationship between Nova Vision Other Current Assets and its Capital Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Other Current Assets vs Capital Stock
Other Current Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Vision Acquisition Other Current Assets account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nova Vision's Other Current Assets and Capital Stock is 0.82. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Nova Vision Acquisition, assuming nothing else is changed. The correlation between historical values of Nova Vision's Other Current Assets and Capital Stock 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 Current Assets of Nova Vision Acquisition are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Other Current Assets i.e., Nova Vision's Other Current Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Nova Vision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Vision Acquisition 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. At this time, Nova Vision's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 297.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 537.2 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.0M | 713.8K | 750.7K | 658.2K | EBITDA | 1.0M | 638.0K | 146.9K | 139.5K |
Nova Vision fundamental ratios Correlations
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Nova Vision Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision'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 Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.