| WINE Stock | | | 53.40 2.60 4.64% |
Naked Wines financial indicator trend analysis is infinitely more than just investigating Naked Wines plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Naked Wines plc is a good investment. Please check the relationship between Naked Wines Non Currrent Assets Other and its Total Current Liabilities accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Naked Wines plc. 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 Currrent Assets Other vs Total Current Liabilities
Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Naked Wines plc Non Currrent Assets Other account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Naked Wines' Non Currrent Assets Other and Total Current Liabilities is 0.35. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Naked Wines plc, assuming nothing else is changed. The correlation between historical values of Naked Wines' Non Currrent Assets Other and Total Current Liabilities 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 Currrent Assets Other of Naked Wines plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Naked Wines' Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Total Current Liabilities
Total Current Liabilities is an item on Naked Wines balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Naked Wines plc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Naked Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Naked Wines plc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Naked Wines plc. 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.
Tax Provision is likely to gain to about 4.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 30.4
M in 2024.
Naked Wines fundamental ratios Correlations
Click cells to compare fundamentals
Naked Wines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Naked Wines fundamental ratios Accounts
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predict the probability of Naked Wines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naked Wines' price. Additionally, you may evaluate how the addition of Naked Wines to your portfolios can decrease your overall portfolio volatility.