| 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 Total Operating Expenses and its Reconciled Depreciation 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.
Total Operating Expenses vs Reconciled Depreciation
Total Operating Expenses vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexoptic Technology Corp Total Operating Expenses account and
Reconciled Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nexoptic Technology's Total Operating Expenses and Reconciled Depreciation is 0.84. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Reconciled Depreciation 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 Total Operating Expenses and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Nexoptic Technology Corp are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Total Operating Expenses i.e., Nexoptic Technology's Total Operating Expenses and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Reconciled Depreciation
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.
| 2020 | 2023 | 2024 (projected) |
Reconciled Depreciation | 1.2M | 1.4M | 1.3M | Interest Income | 91.0 | 3.6 | 3.42 |
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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