Nova Capex To Revenue vs Ebit Per Revenue Analysis
| NVAWW Stock | 3.99 0.99 33.00% |
Nova Minerals financial indicator trend analysis is infinitely more than just investigating Nova Minerals Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Minerals Limited is a good investment. Please check the relationship between Nova Minerals Capex To Revenue and its Ebit Per Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Capex To Revenue vs Ebit Per Revenue
Capex To Revenue vs Ebit Per Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Minerals Limited Capex To Revenue account and Ebit Per Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Nova Minerals' Capex To Revenue and Ebit Per Revenue is 0.26. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Ebit Per Revenue in the same time period over historical financial statements of Nova Minerals Limited, assuming nothing else is changed. The correlation between historical values of Nova Minerals' Capex To Revenue and Ebit Per Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Nova Minerals Limited are associated (or correlated) with its Ebit Per Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit Per Revenue has no effect on the direction of Capex To Revenue i.e., Nova Minerals' Capex To Revenue and Ebit Per Revenue go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Ebit Per Revenue
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Nova Stock Analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Nova Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.