NSYS Stock | | | USD 11.25 0.27 2.46% |
Nortech Systems financial indicator trend analysis is infinitely more than just investigating Nortech Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortech Systems is a good investment. Please check the relationship between Nortech Systems Short Long Term Debt Total and its Common Stock Shares Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Short Long Term Debt Total vs Common Stock Shares Outstanding
Short Long Term Debt Total vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nortech Systems Short Long Term Debt Total account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nortech Systems' Short Long Term Debt Total and Common Stock Shares Outstanding is 0.61. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Nortech Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Nortech Systems' Short Long Term Debt Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Nortech Systems Incorporated are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Long Term Debt Total i.e., Nortech Systems' Short Long Term Debt Total and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Nortech Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortech Systems 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 Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, Nortech Systems'
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas
Selling General Administrative is likely to drop slightly above 8.5
M in 2024.
Nortech Systems fundamental ratios Correlations
Click cells to compare fundamentals
Nortech Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nortech Systems fundamental ratios Accounts
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Additional Tools for Nortech Stock Analysis
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measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to
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