| PNPN Stock | | | 0.82 0.07 9.33% |
Power Nickel financial indicator trend analysis is much more than just breaking down Power Nickel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power Nickel is a good investment. Please check the relationship between Power Nickel Non Current Assets Total and its Net Invested Capital accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Nickel. 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.
Non Current Assets Total vs Net Invested Capital
Non Current Assets Total vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Power Nickel Non Current Assets Total account and
Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Power Nickel's Non Current Assets Total and Net Invested Capital is 0.52. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Power Nickel, assuming nothing else is changed. The correlation between historical values of Power Nickel's Non Current Assets Total and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Power Nickel are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Non Current Assets Total i.e., Power Nickel's Non Current Assets Total and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Power Nickel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power Nickel 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Nickel. 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, Power Nickel's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 31.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.5
M in 2024.
Power Nickel fundamental ratios Correlations
Click cells to compare fundamentals
Power Nickel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Power Nickel fundamental ratios Accounts
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Additional Tools for Power Stock Analysis
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measure Power Nickel'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 Power Nickel is operating at the current time. Most of Power Nickel's value examination focuses on studying past and present price action to
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