NTNX Stock | | | USD 66.15 0.87 1.33% |
Nutanix financial indicator trend analysis is infinitely more than just investigating Nutanix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nutanix is a good investment. Please check the relationship between Nutanix Average Inventory and its Capex To Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutanix. 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.
For more information on how to buy Nutanix Stock please use our
How to Invest in Nutanix guide.
Average Inventory vs Capex To Revenue
Average Inventory vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nutanix Average Inventory account and
Capex To Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Nutanix's Average Inventory and Capex To Revenue is 0.3. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Nutanix, assuming nothing else is changed. The correlation between historical values of Nutanix's Average Inventory and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Nutanix are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Average Inventory i.e., Nutanix's Average Inventory and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from Nutanix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nutanix 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 Nutanix. 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.
For more information on how to buy Nutanix Stock please use our
How to Invest in Nutanix guide.At this time, Nutanix's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 75.33 in 2024, whereas
Selling General Administrative is likely to drop slightly above 114.5
M in 2024.
Nutanix fundamental ratios Correlations
Click cells to compare fundamentals
Nutanix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nutanix fundamental ratios Accounts
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Additional Tools for Nutanix Stock Analysis
When running Nutanix's price analysis, check to
measure Nutanix'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 Nutanix is operating at the current time. Most of Nutanix's value examination focuses on studying past and present price action to
predict the probability of Nutanix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutanix's price. Additionally, you may evaluate how the addition of Nutanix to your portfolios can decrease your overall portfolio volatility.