Nova Ebit Per Revenue vs Revenue Per Share 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 Ebit Per Revenue and its Revenue Per Share 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.
Ebit Per Revenue vs Revenue Per Share
Ebit Per Revenue vs Revenue Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Minerals Limited Ebit Per Revenue account and Revenue Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between Nova Minerals' Ebit Per Revenue and Revenue Per Share is 0.25. Overlapping area represents the amount of variation of Ebit Per Revenue that can explain the historical movement of Revenue Per Share 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' Ebit Per Revenue and Revenue 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 Ebit Per Revenue of Nova Minerals Limited are associated (or correlated) with its Revenue Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Revenue Per Share has no effect on the direction of Ebit Per Revenue i.e., Nova Minerals' Ebit Per Revenue and Revenue Per Share go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Ebit Per Revenue
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.Also Currently Popular
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.