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 Short Term Investments and its Non Currrent Assets Other 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.
Short Term Investments vs Non Currrent Assets Other
Short Term Investments vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Age Metals Short Term Investments account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Age's Short Term Investments and Non Currrent Assets Other is -0.46. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Non Currrent Assets Other 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 Short Term Investments and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of New Age Metals are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Short Term Investments i.e., New Age's Short Term Investments and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of New Age balance sheet. It contains any investments New Age Metals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that New Age Metals can easily liquidate in the marketplace.
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.
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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