Chardan Investments vs Change To Liabilities Analysis

DFLI Stock  USD 3.90  0.44  12.72%   
Chardan NexTech financial indicator trend analysis is way more than just evaluating Chardan NexTech Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chardan NexTech Acqu is a good investment. Please check the relationship between Chardan NexTech Investments and its Change To Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. 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.

Investments vs Change To Liabilities

Investments vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chardan NexTech Acqu Investments account and Change To Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chardan NexTech's Investments and Change To Liabilities is 0.77. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Chardan NexTech Acquisition, assuming nothing else is changed. The correlation between historical values of Chardan NexTech's Investments and Change To 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 Investments of Chardan NexTech Acquisition are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Investments i.e., Chardan NexTech's Investments and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change To Liabilities

Most indicators from Chardan NexTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chardan NexTech Acqu 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. 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.
The Chardan NexTech's current Sales General And Administrative To Revenue is estimated to increase to 0.43, while Tax Provision is projected to decrease to under 755.8 K.
 2021 2022 2023 2024 (projected)
Interest Expense519K6.9M16.0M16.8M
Depreciation And Amortization617K891K1.2M809.3K

Chardan NexTech fundamental ratios Correlations

0.920.890.860.720.820.930.94-0.990.92-0.661.00.910.94-0.460.91-0.77-0.460.770.970.980.670.770.990.930.89
0.920.690.740.650.590.980.8-0.910.99-0.480.920.990.8-0.740.99-0.94-0.580.750.990.820.890.580.920.970.78
0.890.690.960.860.940.790.99-0.910.73-0.850.870.630.99-0.070.63-0.43-0.070.510.760.950.310.910.840.80.96
0.860.740.960.960.890.850.97-0.90.79-0.880.830.650.97-0.160.65-0.480.020.40.760.870.380.90.770.871.0
0.720.650.860.960.780.80.88-0.790.73-0.870.680.530.88-0.130.53-0.40.20.190.630.720.320.850.610.820.95
0.820.590.940.890.780.690.91-0.870.61-0.930.80.540.910.110.54-0.280.050.360.670.890.170.980.770.690.88
0.930.980.790.850.80.690.88-0.950.99-0.640.920.930.88-0.620.93-0.85-0.390.640.960.850.80.70.891.00.89
0.940.80.990.970.880.910.88-0.960.83-0.830.920.741.0-0.220.74-0.57-0.170.570.850.960.460.890.890.890.98
-0.99-0.91-0.91-0.9-0.79-0.87-0.95-0.96-0.920.76-0.98-0.88-0.960.4-0.880.720.35-0.67-0.95-0.97-0.63-0.84-0.96-0.94-0.93
0.920.990.730.790.730.610.990.83-0.92-0.540.910.960.83-0.70.96-0.91-0.490.690.970.820.860.620.890.990.83
-0.66-0.48-0.85-0.88-0.87-0.93-0.64-0.830.76-0.54-0.63-0.4-0.83-0.2-0.40.15-0.33-0.06-0.52-0.71-0.06-0.98-0.57-0.64-0.86
1.00.920.870.830.680.80.920.92-0.980.91-0.630.920.92-0.470.92-0.78-0.510.80.970.970.690.741.00.910.86
0.910.990.630.650.530.540.930.74-0.880.96-0.40.920.74-0.761.0-0.95-0.680.810.980.810.910.510.920.920.7
0.940.80.990.970.880.910.881.0-0.960.83-0.830.920.74-0.220.74-0.57-0.170.570.850.960.460.890.890.890.98
-0.46-0.74-0.07-0.16-0.130.11-0.62-0.220.4-0.7-0.2-0.47-0.76-0.22-0.760.920.77-0.65-0.65-0.28-0.960.12-0.49-0.61-0.23
0.910.990.630.650.530.540.930.74-0.880.96-0.40.921.00.74-0.76-0.95-0.680.810.980.810.910.510.920.920.7
-0.77-0.94-0.43-0.48-0.4-0.28-0.85-0.570.72-0.910.15-0.78-0.95-0.570.92-0.950.77-0.8-0.9-0.63-0.99-0.26-0.79-0.84-0.54
-0.46-0.58-0.070.020.20.05-0.39-0.170.35-0.49-0.33-0.51-0.68-0.170.77-0.680.77-0.89-0.6-0.38-0.770.17-0.58-0.37-0.05
0.770.750.510.40.190.360.640.57-0.670.69-0.060.80.810.57-0.650.81-0.8-0.890.810.740.730.230.850.620.45
0.970.990.760.760.630.670.960.85-0.950.97-0.520.970.980.85-0.650.98-0.9-0.60.810.90.840.630.970.950.8
0.980.820.950.870.720.890.850.96-0.970.82-0.710.970.810.96-0.280.81-0.63-0.380.740.90.510.820.960.850.89
0.670.890.310.380.320.170.80.46-0.630.86-0.060.690.910.46-0.960.91-0.99-0.770.730.840.510.160.70.780.44
0.770.580.910.90.850.980.70.89-0.840.62-0.980.740.510.890.120.51-0.260.170.230.630.820.160.70.710.89
0.990.920.840.770.610.770.890.89-0.960.89-0.571.00.920.89-0.490.92-0.79-0.580.850.970.960.70.70.880.81
0.930.970.80.870.820.691.00.89-0.940.99-0.640.910.920.89-0.610.92-0.84-0.370.620.950.850.780.710.880.9
0.890.780.961.00.950.880.890.98-0.930.83-0.860.860.70.98-0.230.7-0.54-0.050.450.80.890.440.890.810.9
Click cells to compare fundamentals

Chardan NexTech Account Relationship Matchups

Currently Active Assets on Macroaxis

When determining whether Chardan NexTech Acqu is a strong investment it is important to analyze Chardan NexTech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chardan NexTech's future performance. For an informed investment choice regarding Chardan Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. 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.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chardan NexTech. If investors know Chardan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chardan NexTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.78)
Revenue Per Share
0.869
Quarterly Revenue Growth
(0.32)
Return On Assets
(0.14)
Return On Equity
(1.64)
The market value of Chardan NexTech Acqu is measured differently than its book value, which is the value of Chardan that is recorded on the company's balance sheet. Investors also form their own opinion of Chardan NexTech's value that differs from its market value or its book value, called intrinsic value, which is Chardan NexTech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chardan NexTech's market value can be influenced by many factors that don't directly affect Chardan NexTech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chardan NexTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chardan NexTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chardan NexTech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.