| MNOV Stock | | | USD 2.07 0.06 2.99% |
MediciNova financial indicator trend analysis is infinitely more than just investigating MediciNova recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MediciNova is a good investment. Please check the relationship between MediciNova Accounts Payable and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MediciNova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy MediciNova Stock please use our
How to Invest in MediciNova guide.
Accounts Payable vs Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MediciNova Accounts Payable account and
Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between MediciNova's Accounts Payable and Total Current Assets is 0.15. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of MediciNova, assuming nothing else is changed. The correlation between historical values of MediciNova's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of MediciNova are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., MediciNova's Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents MediciNova obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of MediciNova are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from MediciNova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MediciNova 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 MediciNova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy MediciNova Stock please use our
How to Invest in MediciNova guide.At this time, MediciNova's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 82.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.7
M in 2024.
MediciNova fundamental ratios Correlations
Click cells to compare fundamentals
MediciNova Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MediciNova fundamental ratios Accounts
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Additional Tools for MediciNova Stock Analysis
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predict the probability of MediciNova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MediciNova's price. Additionally, you may evaluate how the addition of MediciNova to your portfolios can decrease your overall portfolio volatility.