| 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 Property Plant And Equipment Net and its Inventory 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.
Property Plant And Equipment Net vs Inventory
Property Plant And Equipment Net vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nubian Resources Property Plant And Equipment Net account and
Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nubian Resources' Property Plant And Equipment Net and Inventory is -0.57. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory 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' Property Plant And Equipment Net and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Nubian Resources are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Property Plant And Equipment Net i.e., Nubian Resources' Property Plant And Equipment Net and Inventory go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Inventory
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
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Nubian Stock Analysis
When running Nubian Resources' price analysis, check to
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.