NEXE Stock | | | CAD 0.43 0.04 10.26% |
NEXE Innovations financial indicator trend analysis is infinitely more than just investigating NEXE Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NEXE Innovations is a good investment. Please check the relationship between NEXE Innovations Pb Ratio and its Inventory Turnover accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Pb Ratio vs Inventory Turnover
Pb Ratio vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NEXE Innovations Pb Ratio account and
Inventory Turnover. At this time, the significance of the direction appears to have weak relationship.
The correlation between NEXE Innovations' Pb Ratio and Inventory Turnover is 0.32. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of NEXE Innovations, assuming nothing else is changed. The correlation between historical values of NEXE Innovations' Pb Ratio and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of NEXE Innovations are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Pb Ratio i.e., NEXE Innovations' Pb Ratio and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pb Ratio
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from NEXE Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NEXE Innovations 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 NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to climb to about 6.8
M in 2024, whereas
Discontinued Operations is likely to drop (102.1
K) in 2024.
NEXE Innovations fundamental ratios Correlations
Click cells to compare fundamentals
NEXE Innovations Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NEXE Innovations fundamental ratios Accounts
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