| NBR Stock | | | CAD 0.06 0.01 14.29% |
Nubian Resources financial indicator trend analysis is infinitely more than just investigating Nubian Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nubian Resources is a good investment. Please check the relationship between Nubian Resources Inventory and its Short Long Term Debt Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nubian Resources. 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.
Inventory vs Short Long Term Debt Total
Inventory vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nubian Resources Inventory account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nubian Resources' Inventory and Short Long Term Debt Total is -0.56. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Nubian Resources, assuming nothing else is changed. The correlation between historical values of Nubian Resources' Inventory and Short Long Term Debt 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 Inventory of Nubian Resources are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Inventory i.e., Nubian Resources' Inventory and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory
Short Long Term Debt Total
Most indicators from Nubian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nubian Resources 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 Nubian Resources. 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, Nubian Resources'
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 19.3
K in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(8.94) in 2024.
Nubian Resources fundamental ratios Correlations
Click cells to compare fundamentals
Nubian Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nubian Resources fundamental ratios Accounts
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Additional Tools for Nubian Stock Analysis
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measure Nubian Resources' 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 Nubian Resources is operating at the current time. Most of Nubian Resources' value examination focuses on studying past and present price action to
predict the probability of Nubian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nubian Resources' price. Additionally, you may evaluate how the addition of Nubian Resources to your portfolios can decrease your overall portfolio volatility.