NewAmsterdam Other Current Assets vs Non Current Assets Total Analysis

NAMSW Stock   9.06  0.63  6.50%   
NewAmsterdam Pharma financial indicator trend analysis is infinitely more than just investigating NewAmsterdam Pharma recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NewAmsterdam Pharma is a good investment. Please check the relationship between NewAmsterdam Pharma Other Current Assets and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewAmsterdam Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy NewAmsterdam Stock please use our How to Invest in NewAmsterdam Pharma guide.

Other Current Assets vs Non Current Assets Total

Other Current Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewAmsterdam Pharma Other Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between NewAmsterdam Pharma's Other Current Assets and Non Current Assets Total is 0.62. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of NewAmsterdam Pharma, assuming nothing else is changed. The correlation between historical values of NewAmsterdam Pharma's Other Current Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of NewAmsterdam Pharma are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Current Assets i.e., NewAmsterdam Pharma's Other Current Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from NewAmsterdam Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NewAmsterdam Pharma 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 NewAmsterdam Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy NewAmsterdam Stock please use our How to Invest in NewAmsterdam Pharma guide.At this time, NewAmsterdam Pharma's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 514.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense216K271K6.8M7.1M
Depreciation And Amortization4.4K8.4K49K51.5K

NewAmsterdam Pharma fundamental ratios Correlations

-0.830.750.891.00.7-0.98-0.750.891.00.770.831.00.560.070.80.931.00.78-0.481.00.771.0-0.830.770.99
-0.83-0.78-0.74-0.83-0.960.870.8-0.93-0.84-0.45-1.0-0.84-0.660.48-0.94-0.77-0.82-0.940.62-0.84-0.51-0.851.0-0.51-0.8
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1.0-0.830.730.870.71-0.98-0.740.880.990.790.830.990.530.070.810.911.00.79-0.460.990.791.0-0.830.790.99
0.7-0.960.570.530.71-0.73-0.60.810.70.450.960.70.45-0.650.980.570.70.98-0.440.710.540.72-0.960.540.66
-0.980.87-0.85-0.91-0.98-0.730.85-0.93-0.99-0.66-0.87-0.99-0.69-0.02-0.8-0.94-0.98-0.790.63-0.99-0.66-0.990.87-0.66-0.99
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0.77-0.450.170.430.790.45-0.66-0.170.440.710.450.71-0.090.240.620.510.790.610.10.720.990.73-0.450.990.75
0.83-1.00.780.740.830.96-0.87-0.80.930.840.450.840.66-0.480.950.760.820.94-0.610.840.520.85-1.00.520.79
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0.56-0.660.970.780.530.45-0.69-0.960.760.61-0.090.660.61-0.10.40.750.530.39-0.950.61-0.090.59-0.66-0.090.59
0.070.48-0.050.120.07-0.65-0.020.09-0.240.060.24-0.480.06-0.1-0.490.130.09-0.510.10.050.120.040.480.120.14
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0.78-0.940.550.550.790.98-0.79-0.580.80.770.610.940.770.39-0.511.00.60.78-0.40.770.690.79-0.940.690.75
-0.480.62-0.91-0.63-0.46-0.440.630.9-0.63-0.520.1-0.61-0.52-0.950.1-0.41-0.61-0.46-0.4-0.520.1-0.510.610.1-0.55
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0.77-0.510.170.420.790.54-0.66-0.170.470.720.990.520.72-0.090.120.690.50.790.690.10.720.74-0.521.00.75
1.0-0.850.770.91.00.72-0.99-0.780.921.00.730.851.00.590.040.80.941.00.79-0.511.00.74-0.840.740.98
-0.831.0-0.78-0.74-0.83-0.960.870.8-0.93-0.84-0.45-1.0-0.84-0.660.48-0.95-0.76-0.81-0.940.61-0.84-0.52-0.84-0.52-0.79
0.77-0.510.170.420.790.54-0.66-0.170.470.720.990.520.72-0.090.120.690.50.790.690.10.721.00.74-0.520.75
0.99-0.80.780.860.990.66-0.99-0.770.850.980.750.790.980.590.140.770.910.990.75-0.550.980.750.98-0.790.75
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NewAmsterdam Pharma Account Relationship Matchups

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When running NewAmsterdam Pharma's price analysis, check to measure NewAmsterdam Pharma'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 NewAmsterdam Pharma is operating at the current time. Most of NewAmsterdam Pharma's value examination focuses on studying past and present price action to predict the probability of NewAmsterdam Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewAmsterdam Pharma's price. Additionally, you may evaluate how the addition of NewAmsterdam Pharma to your portfolios can decrease your overall portfolio volatility.