NKG Stock | | | CAD 0.28 0.01 3.45% |
Nevada King financial indicator trend analysis is infinitely more than just investigating Nevada King Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada King Gold is a good investment. Please check the relationship between Nevada King Pocfratio and its Days Payables Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada King Gold. 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.
Pocfratio vs Days Payables Outstanding
Pocfratio vs Days Payables Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nevada King Gold Pocfratio account and
Days Payables Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Nevada King's Pocfratio and Days Payables Outstanding is 0.06. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Nevada King Gold, assuming nothing else is changed. The correlation between historical values of Nevada King's Pocfratio and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of Nevada King Gold are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Pocfratio i.e., Nevada King's Pocfratio and Days Payables Outstanding go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Pocfratio
Days Payables Outstanding
Most indicators from Nevada King's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada King Gold 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 Nevada King Gold. 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, Nevada King's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 124.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.4
M in 2024.
Nevada King fundamental ratios Correlations
Click cells to compare fundamentals
Nevada King Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nevada King fundamental ratios Accounts
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Additional Tools for Nevada Stock Analysis
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measure Nevada King'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 Nevada King is operating at the current time. Most of Nevada King's value examination focuses on studying past and present price action to
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