Holdco Historical Financial Ratios
| NUVO Stock | 0 0.00 0.00% |
Holdco Nuvo is recently reporting on over 75 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 66.36 will help investors to properly organize and evaluate Holdco Nuvo Group financial condition quickly.
Holdco |
About Holdco Financial Ratios Analysis
Holdco Nuvo GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Holdco Nuvo investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Holdco financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Holdco Nuvo history.
Holdco Nuvo Financial Ratios Chart
Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Holdco Nuvo Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Holdco Nuvo sales, a figure that is much harder to manipulate than other Holdco Nuvo Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.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 ratios from Holdco Nuvo's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Holdco Nuvo Group current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Holdco Nuvo Group. 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, Holdco Nuvo's Interest Debt Per Share is very stable compared to the past year. As of the 11th of December 2024, Ebt Per Ebit is likely to grow to 0.46, while PTB Ratio is likely to drop 9.78.
| 2010 | 2023 | 2024 (projected) | Payables Turnover | 0.2 | 0.18 | 0.16 | Days Of Inventory On Hand | 38.22 | 34.4 | 30.58 |
Holdco Nuvo fundamentals Correlations
Click cells to compare fundamentals
Holdco Nuvo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Holdco Nuvo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Holdco Nuvo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Holdco Nuvo will appreciate offsetting losses from the drop in the long position's value.Moving together with Holdco Stock
Moving against Holdco Stock
| 0.72 | AXNX | Axonics Modulation | PairCorr |
| 0.63 | BSGM | BioSig Technologies, | PairCorr |
| 0.49 | VAXX | Vaxxinity | PairCorr |
| 0.42 | NAYA | NAYA Biosciences, Symbol Change | PairCorr |
The ability to find closely correlated positions to Holdco Nuvo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holdco Nuvo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Holdco Nuvo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Holdco Nuvo Group to buy it.
The correlation of Holdco Nuvo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Holdco Nuvo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Holdco Nuvo Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Holdco Nuvo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Holdco Stock
Holdco Nuvo GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Holdco Nuvo investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Holdco financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Holdco Nuvo history.