Energy Total Assets vs Cash And Short Term Investments Analysis
| NRGV Stock | USD 2.06 0.17 8.99% |
Energy Vault financial indicator trend analysis is much more than just examining Energy Vault Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Vault Holdings is a good investment. Please check the relationship between Energy Vault Total Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Energy Vault Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Total Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Vault Holdings Total Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Energy Vault's Total Assets and Cash And Short Term Investments is 0.95. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Energy Vault Holdings, assuming nothing else is changed. The correlation between historical values of Energy Vault's Total Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Energy Vault Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Energy Vault's Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Energy Vault 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 Energy Vault Holdings 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Energy Vault Holdings balance sheet. This account contains Energy Vault investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Energy Vault Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Energy Vault's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Vault Holdings 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 Energy Vault Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Sales General And Administrative To Revenue is likely to climb to 0.32 in 2024, despite the fact that Tax Provision is likely to grow to (311.6 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 2.3M | 7.7M | 851K | 808.5K | Total Operating Expenses | 26.8M | 119.6M | 123.4M | 64.7M |
Energy Vault fundamental ratios Correlations
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Energy Vault Account Relationship Matchups
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High Negative Relationship
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Additional Tools for Energy Stock Analysis
When running Energy Vault's price analysis, check to measure Energy Vault'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 Energy Vault is operating at the current time. Most of Energy Vault's value examination focuses on studying past and present price action to predict the probability of Energy Vault's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Vault's price. Additionally, you may evaluate how the addition of Energy Vault to your portfolios can decrease your overall portfolio volatility.