NAT Stock | | | USD 2.64 0.04 1.49% |
Nordic American financial indicator trend analysis is infinitely more than just investigating Nordic American Tankers recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nordic American Tankers is a good investment. Please check the relationship between Nordic American Non Currrent Assets Other and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Non Currrent Assets Other vs Total Current Assets
Non Currrent Assets Other vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nordic American Tankers Non Currrent Assets Other account and
Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Nordic American's Non Currrent Assets Other and Total Current Assets is -0.77. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Nordic American Tankers, assuming nothing else is changed. The correlation between historical values of Nordic American's Non Currrent Assets Other 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 Non Currrent Assets Other of Nordic American Tankers 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 Non Currrent Assets Other i.e., Nordic American's Non Currrent Assets Other and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.
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 Nordic American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nordic American Tankers 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 Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas
Selling General Administrative is likely to drop slightly above 11.5
M in 2024.
Nordic American fundamental ratios Correlations
Click cells to compare fundamentals
Nordic American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nordic American fundamental ratios Accounts
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