| NRDY Stock | | | USD 1.60 0.10 5.88% |
Nerdy financial indicator trend analysis is infinitely more than just investigating Nerdy Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nerdy Inc is a good investment. Please check the relationship between Nerdy Other Stockholder Equity and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nerdy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Other Stockholder Equity vs Total Assets
Other Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nerdy Inc Other Stockholder Equity account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nerdy's Other Stockholder Equity and Total Assets is 0.94. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Nerdy Inc, assuming nothing else is changed. The correlation between historical values of Nerdy's Other Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Nerdy Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Nerdy's Other Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Stockholder Equity
Total Assets
Total assets refers to the total amount of Nerdy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nerdy Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Nerdy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nerdy Inc 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 Nerdy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Tax Provision is likely to rise to about 85
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 92.2
M in 2024.
Nerdy fundamental ratios Correlations
Click cells to compare fundamentals
Nerdy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nerdy fundamental ratios Accounts
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Additional Tools for Nerdy Stock Analysis
When running Nerdy's price analysis, check to
measure Nerdy'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 Nerdy is operating at the current time. Most of Nerdy's value examination focuses on studying past and present price action to
predict the probability of Nerdy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nerdy's price. Additionally, you may evaluate how the addition of Nerdy to your portfolios can decrease your overall portfolio volatility.