Nanobac Common Stock vs Cash Analysis
| NNBP Stock | USD 0.0001 0.00 0.00% |
Nanobac Pharmaceuticals financial indicator trend analysis is infinitely more than just investigating Nanobac Pharmaceuticals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanobac Pharmaceuticals is a good investment. Please check the relationship between Nanobac Pharmaceuticals Common Stock and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nanobac Pharmaceuticals Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Common Stock vs Cash
Common Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanobac Pharmaceuticals Common Stock account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Nanobac Pharmaceuticals' Common Stock and Cash is -0.91. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Nanobac Pharmaceuticals Incorporated, assuming nothing else is changed. The correlation between historical values of Nanobac Pharmaceuticals' Common Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Nanobac Pharmaceuticals Incorporated are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., Nanobac Pharmaceuticals' Common Stock and Cash go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Common Stock
Cash
Cash refers to the most liquid asset of Nanobac Pharmaceuticals, which is listed under current asset account on Nanobac Pharmaceuticals Incorporated balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nanobac Pharmaceuticals customers. The amounts must be unrestricted with restricted cash listed in a different Nanobac Pharmaceuticals account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Nanobac Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanobac Pharmaceuticals 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 Nanobac Pharmaceuticals Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. As of 11/30/2024, Selling General Administrative is likely to drop to about 2.6 M. In addition to that, Discontinued Operations is likely to drop to about (54.1 K)
| 2010 | 2011 | 2023 | 2024 (projected) | Gross Profit | 8K | 3.1K | 3.6K | 3.4K | Total Revenue | 12K | 17.6K | 15.9K | 15.1K |
Nanobac Pharmaceuticals fundamental ratios Correlations
Click cells to compare fundamentals
Nanobac Pharmaceuticals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Additional Tools for Nanobac Stock Analysis
When running Nanobac Pharmaceuticals' price analysis, check to measure Nanobac Pharmaceuticals' 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 Nanobac Pharmaceuticals is operating at the current time. Most of Nanobac Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Nanobac Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanobac Pharmaceuticals' price. Additionally, you may evaluate how the addition of Nanobac Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.