| NXPLW Stock | | | USD 0.14 0.03 27.27% |
NextPlat Corp financial indicator trend analysis is infinitely more than just investigating NextPlat Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextPlat Corp is a good investment. Please check the relationship between NextPlat Corp Sale Purchase Of Stock and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Sale Purchase Of Stock vs Depreciation
Sale Purchase Of Stock vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NextPlat Corp Sale Purchase Of Stock account and
Depreciation. At this time, the significance of the direction appears to have no relationship.
The correlation between NextPlat Corp's Sale Purchase Of Stock and Depreciation is 0.01. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Depreciation in the same time period over historical financial statements of NextPlat Corp, assuming nothing else is changed. The correlation between historical values of NextPlat Corp's Sale Purchase Of Stock and 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 Sale Purchase Of Stock of NextPlat Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Sale Purchase Of Stock i.e., NextPlat Corp's Sale Purchase Of Stock and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.01 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Sale Purchase Of Stock
Depreciation
Depreciation indicates how much of NextPlat Corp value has been used up. For tax purposes NextPlat Corp can deduct the cost of the tangible assets it purchases as business expenses. However, NextPlat Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from NextPlat Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextPlat 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, NextPlat Corp's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 170.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 7.8
M in 2024.
NextPlat Corp fundamental ratios Correlations
Click cells to compare fundamentals
NextPlat Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NextPlat Corp fundamental ratios Accounts
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