NAM Stock | | | CAD 0.09 0.01 5.56% |
New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Long Term Investments and its Other Stockholder Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. 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.
Long Term Investments vs Other Stockholder Equity
Long Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Age Metals Long Term Investments account and
Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between New Age's Long Term Investments and Other Stockholder Equity is 0.0. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Long Term Investments and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of New Age Metals are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Long Term Investments i.e., New Age's Long Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of New Age balance sheet that represents investments New Age Metals intends to hold for over a year. New Age Metals long term investments may include different instruments such as stocks, bonds, real estate and cash.
Other Stockholder Equity
Most indicators from New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. 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, New Age's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 10.7
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
New Age fundamental ratios Correlations
Click cells to compare fundamentals
New Age Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Age fundamental ratios Accounts
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Additional Tools for New Stock Analysis
When running New Age's price analysis, check to
measure New Age'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 New Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to
predict the probability of New Age's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.