NUTX Stock | | | USD 33.33 4.86 12.73% |
Nutex Health financial indicator trend analysis is infinitely more than just investigating Nutex Health recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nutex Health is a good investment. Please check the relationship between Nutex Health Cash and its Other Current Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutex Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Nutex Stock please use our
How to Invest in Nutex Health guide.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nutex Health Cash account and
Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nutex Health's Cash and Other Current Liab is 0.47. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Nutex Health, assuming nothing else is changed. The correlation between historical values of Nutex Health's Cash and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Nutex Health are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Nutex Health's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Nutex Health, which is listed under current asset account on Nutex Health balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nutex Health customers. The amounts must be unrestricted with restricted cash listed in a different Nutex Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Other Current Liab
Most indicators from Nutex Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nutex Health 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 Nutex Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Nutex Stock please use our
How to Invest in Nutex Health guide.
Enterprise Value is likely to rise to about 8.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 26.3
M in 2024.
Nutex Health fundamental ratios Correlations
Click cells to compare fundamentals
Nutex Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nutex Health fundamental ratios Accounts
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Additional Tools for Nutex Stock Analysis
When running Nutex Health's price analysis, check to
measure Nutex Health'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 Nutex Health is operating at the current time. Most of Nutex Health's value examination focuses on studying past and present price action to
predict the probability of Nutex Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutex Health's price. Additionally, you may evaluate how the addition of Nutex Health to your portfolios can decrease your overall portfolio volatility.