NTNX Stock | | | USD 66.70 5.65 7.81% |
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 Net Income From Continuing Ops and its Cost Of 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.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nutanix Net Income From Continuing Ops account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nutanix's Net Income From Continuing Ops and Cost Of Revenue is -0.56. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of 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 Net Income From Continuing Ops and Cost Of 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 Net Income From Continuing Ops of Nutanix are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Nutanix's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Income From Continuing Ops
Cost Of Revenue
Cost of Revenue is found on Nutanix income statement and represents the costs associated with goods and services Nutanix provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
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.