Numinus Pfcf Ratio vs Net Income Per Share Analysis
NUMI Stock | 0.04 0.01 10.00% |
Numinus Wellness financial indicator trend analysis is infinitely more than just investigating Numinus Wellness recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Numinus Wellness is a good investment. Please check the relationship between Numinus Wellness Pfcf Ratio and its Net Income Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. 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.
Pfcf Ratio vs Net Income Per Share
Pfcf Ratio vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Numinus Wellness Pfcf Ratio account and Net Income Per Share. At this time, the significance of the direction appears to have weak relationship.
The correlation between Numinus Wellness' Pfcf Ratio and Net Income Per Share is 0.37. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Numinus Wellness, assuming nothing else is changed. The correlation between historical values of Numinus Wellness' Pfcf Ratio and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Numinus Wellness are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Pfcf Ratio i.e., Numinus Wellness' Pfcf Ratio and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pfcf Ratio
Net Income Per Share
Most indicators from Numinus Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Numinus Wellness 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 Numinus Wellness. 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, Numinus Wellness' Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Sales General And Administrative To Revenue is likely to drop 1.44.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 557.8K | 759.7K | 873.6K | 917.3K | Depreciation And Amortization | 1.5M | 2.8M | 3.3M | 3.4M |
Numinus Wellness fundamental ratios Correlations
Click cells to compare fundamentals
Numinus Wellness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Numinus Wellness fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.1M | 64.1M | 52.6M | 24.3M | 28.0M | 20.6M | |
Other Current Liab | 334.0K | 172.0K | 150K | 196.3K | 225.7K | 190.2K | |
Total Current Liabilities | 2.0M | 1.9M | 4.6M | 4.6M | 5.3M | 5.6M | |
Total Stockholder Equity | 2.8M | 60.8M | 41.2M | 14.0M | 16.2M | 16.6M | |
Property Plant And Equipment Net | 2.4M | 3.1M | 11.4M | 9.8M | 11.3M | 11.8M | |
Net Debt | (1.2M) | (57.7M) | (25.2M) | (1.4M) | (1.2M) | (1.3M) | |
Retained Earnings | (23.0M) | (41.7M) | (86.6M) | (116.9M) | (105.2M) | (99.9M) | |
Cash | 1.6M | 59.3M | 33.0M | 8.6M | 9.9M | 14.1M | |
Non Current Assets Total | 2.5M | 3.2M | 16.5M | 12.3M | 14.1M | 14.8M | |
Non Currrent Assets Other | 13.9K | 24.7K | 237.9K | 406.1K | 467.0K | 490.3K | |
Cash And Short Term Investments | 1.6M | 59.3M | 33.0M | 8.6M | 9.9M | 14.2M | |
Net Receivables | 541.5K | 515.8K | 1.6M | 2.3M | 2.6M | 2.8M | |
Common Stock Shares Outstanding | 63.8M | 164.9M | 216.6M | 263.6M | 303.2M | 318.3M | |
Liabilities And Stockholders Equity | 5.1M | 64.1M | 52.6M | 24.3M | 28.0M | 20.6M | |
Other Current Assets | 85.1K | 1.2M | 1.5M | 1.2M | 1.4M | 1.4M | |
Total Liab | 2.3M | 3.3M | 11.4M | 10.3M | 11.8M | 12.4M | |
Total Current Assets | 2.7M | 61.0M | 36.1M | 12.1M | 13.9M | 15.5M | |
Accumulated Other Comprehensive Income | 6.8M | 13.2M | 17.5M | 18.6M | 21.4M | 22.5M | |
Short Term Debt | 105.9K | 404.1K | 1.4M | 1.6M | 1.8M | 1.9M | |
Common Stock | 18.9M | 88.9M | 109.2M | 112.3M | 129.1M | 135.6M | |
Property Plant Equipment | 2.6M | 2.4M | 3.1M | 11.4M | 13.1M | 13.7M | |
Short Long Term Debt Total | 421.6K | 1.6M | 7.9M | 7.2M | 8.3M | 8.7M | |
Net Tangible Assets | 1.4M | 2.8M | 60.8M | 38.7M | 44.5M | 23.2M | |
Accounts Payable | 1.7M | 1.3M | 2.7M | 2.9M | 3.3M | 1.9M | |
Other Assets | 144.9K | 13.9K | 24.7K | 237.9K | 273.6K | 287.3K | |
Non Current Liabilities Total | 315.7K | 1.4M | 6.8M | 5.6M | 6.5M | 6.8M | |
Other Stockholder Equity | 200K | 6.8M | 499.6K | 1.1M | 978.9K | 1.8M | |
Capital Lease Obligations | 381.6K | 1.6M | 7.6M | 7.0M | 8.0M | 8.4M | |
Net Invested Capital | 2.8M | 60.8M | 41.5M | 14.3M | 16.4M | 26.6M | |
Capital Stock | 18.9M | 88.9M | 109.2M | 112.3M | 129.1M | 73.5M | |
Net Working Capital | 663.7K | 59.1M | 31.5M | 7.4M | 8.5M | 8.1M |
Pair Trading with Numinus Wellness
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Numinus Wellness position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Numinus Wellness will appreciate offsetting losses from the drop in the long position's value.Moving together with Numinus Stock
Moving against Numinus Stock
The ability to find closely correlated positions to Numinus Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Numinus Wellness when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Numinus Wellness - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Numinus Wellness to buy it.
The correlation of Numinus Wellness is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Numinus Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Numinus Wellness moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Numinus Wellness can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Numinus Stock
Balance Sheet is a snapshot of the financial position of Numinus Wellness at a specified time, usually calculated after every quarter, six months, or one year. Numinus Wellness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Numinus Wellness and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Numinus currently owns. An asset can also be divided into two categories, current and non-current.