| NXO Stock | | | CAD 0.03 0.01 16.67% |
Nexoptic Technology financial indicator trend analysis is infinitely more than just investigating Nexoptic Technology Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexoptic Technology Corp is a good investment. Please check the relationship between Nexoptic Technology Roe and its Ev To Operating Cash Flow accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexoptic Technology Corp. 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.
Roe vs Ev To Operating Cash Flow
Roe vs Ev To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexoptic Technology Corp Roe account and
Ev To Operating Cash Flow. At this time, the significance of the direction appears to have no relationship.
The correlation between Nexoptic Technology's Roe and Ev To Operating Cash Flow is 0.05. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ev To Operating Cash Flow in the same time period over historical financial statements of Nexoptic Technology Corp, assuming nothing else is changed. The correlation between historical values of Nexoptic Technology's Roe and Ev To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Nexoptic Technology Corp are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Roe i.e., Nexoptic Technology's Roe and Ev To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.05 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Roe
Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.
Most indicators from Nexoptic Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexoptic Technology Corp 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 Nexoptic Technology Corp. 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.
At this time, Nexoptic Technology's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 39.81 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Nexoptic Technology fundamental ratios Correlations
Click cells to compare fundamentals
Nexoptic Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexoptic Technology fundamental ratios Accounts
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Additional Tools for Nexoptic Stock Analysis
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measure Nexoptic Technology'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 Nexoptic Technology is operating at the current time. Most of Nexoptic Technology's value examination focuses on studying past and present price action to
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