NVFY Stock | | | USD 0.45 0.01 2.27% |
Nova Lifestyle financial indicator trend analysis is infinitely more than just investigating Nova Lifestyle I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Lifestyle I is a good investment. Please check the relationship between Nova Lifestyle Cash and its Common Stock Total Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Cash vs Common Stock Total Equity
Cash vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nova Lifestyle I Cash account and
Common Stock Total Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Nova Lifestyle's Cash and Common Stock Total Equity is -0.15. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Nova Lifestyle I, assuming nothing else is changed. The correlation between historical values of Nova Lifestyle's Cash and Common Stock Total Equity 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 Nova Lifestyle I are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash i.e., Nova Lifestyle's Cash and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Nova Lifestyle I, which is listed under current asset account on Nova Lifestyle I balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nova Lifestyle customers. The amounts must be unrestricted with restricted cash listed in a different Nova Lifestyle 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.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Nova Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Lifestyle I 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 Nova Lifestyle I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Nova Lifestyle's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 186.1
K in 2024, whereas
Discontinued Operations is likely to drop (24.3
K) in 2024.
Nova Lifestyle fundamental ratios Correlations
Click cells to compare fundamentals
Nova Lifestyle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nova Lifestyle fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Nova Stock Analysis
When running Nova Lifestyle's price analysis, check to
measure Nova Lifestyle'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 Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to
predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.