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 Property Plant And Equipment Gross and its Net Invested Capital 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.
Property Plant And Equipment Gross vs Net Invested Capital
Property Plant And Equipment Gross vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nerdy Inc Property Plant And Equipment Gross account and
Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nerdy's Property Plant And Equipment Gross and Net Invested Capital is 0.73. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Net Invested Capital 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 Property Plant And Equipment Gross and Net Invested Capital 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 Gross of Nerdy Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Property Plant And Equipment Gross i.e., Nerdy's Property Plant And Equipment Gross and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Gross
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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
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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.