Nuvectis Capital Surpluse vs Retained Earnings Analysis

NVCT Stock

USD 5.04 0.24 4.55%

Nuvectis Pharma financial indicator trend analysis is infinitely more than just investigating Nuvectis Pharma recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nuvectis Pharma is a good investment. Please check the relationship between Nuvectis Pharma Capital Surpluse and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuvectis Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Nuvectis Stock please use our How to Invest in Nuvectis Pharma guide.

Capital Surpluse vs Retained Earnings

Capital Surpluse vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nuvectis Pharma Capital Surpluse account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nuvectis Pharma's Capital Surpluse and Retained Earnings is 0.83. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Nuvectis Pharma, assuming nothing else is changed. The correlation between historical values of Nuvectis Pharma's Capital Surpluse and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Nuvectis Pharma are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Surpluse i.e., Nuvectis Pharma's Capital Surpluse and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Capital Surpluse

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Nuvectis Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nuvectis Pharma 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 Nuvectis Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Nuvectis Stock please use our How to Invest in Nuvectis Pharma guide.Enterprise Value is likely to gain to about 116.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

	2010	2022	2023	2024 (projected)
Interest Income	4K	149K	475K	498.8K
Net Interest Income	4K	149K	475K	498.8K

Interest Income Net Interest Income

Nuvectis Pharma fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Net Debt	Non Currrent Assets Other	Other Assets	Other Stockholder Equity	Deferred Long Term Liab	Retained Earnings Total Equity	Capital Surpluse	Common Stock
Total Assets		0.95	0.96	0.88	0.88	-0.9	0.97	1.0	-0.97	1.0	0.67	-0.01	0.55	0.43	0.88	1.0	0.98	-0.97	-0.56	-0.56	0.97	-0.56	0.69	-0.56	0.66
Other Current Liab	0.95		1.0	0.73	0.77	-0.95	0.99	0.96	-0.94	0.96	0.76	0.21	0.38	0.64	0.73	0.95	0.98	-0.93	-0.62	-0.62	0.97	-0.62	0.78	-0.62	0.74
Total Current Liabilities	0.96	1.0		0.74	0.77	-0.94	1.0	0.96	-0.94	0.96	0.72	0.22	0.44	0.64	0.74	0.96	0.99	-0.94	-0.6	-0.6	0.96	-0.6	0.74	-0.6	0.71
Total Stockholder Equity	0.88	0.73	0.74		0.99	-0.77	0.74	0.88	-0.9	0.88	0.64	-0.45	0.42	0.03	1.0	0.88	0.79	-0.9	-0.64	-0.64	0.86	-0.64	0.63	-0.64	0.67
Net Tangible Assets	0.88	0.77	0.77	0.99		-0.84	0.77	0.88	-0.92	0.88	0.75	-0.41	0.31	0.11	0.99	0.88	0.8	-0.92	-0.73	-0.73	0.9	-0.73	0.73	-0.73	0.77
Retained Earnings	-0.9	-0.95	-0.94	-0.77	-0.84		-0.92	-0.9	0.96	-0.9	-0.88	-0.1	-0.18	-0.61	-0.77	-0.89	-0.91	0.95	0.83	0.83	-0.96	0.83	-0.86	0.83	-0.9
Accounts Payable	0.97	0.99	1.0	0.74	0.77	-0.92		0.97	-0.95	0.97	0.67	0.24	0.5	0.64	0.74	0.97	1.0	-0.94	-0.57	-0.57	0.94	-0.57	0.68	-0.57	0.66
Cash	1.0	0.96	0.96	0.88	0.88	-0.9	0.97		-0.97	1.0	0.68	-0.01	0.54	0.43	0.88	1.0	0.98	-0.97	-0.56	-0.56	0.97	-0.56	0.7	-0.56	0.66
Non Current Assets Total	-0.97	-0.94	-0.94	-0.9	-0.92	0.96	-0.95	-0.97		-0.97	-0.76	0.03	-0.41	-0.46	-0.9	-0.97	-0.95	1.0	0.74	0.74	-0.97	0.74	-0.75	0.74	-0.78
Cash And Short Term Investments	1.0	0.96	0.96	0.88	0.88	-0.9	0.97	1.0	-0.97		0.68	-0.01	0.54	0.43	0.88	1.0	0.98	-0.97	-0.56	-0.56	0.97	-0.56	0.7	-0.56	0.66
Common Stock Shares Outstanding	0.67	0.76	0.72	0.64	0.75	-0.88	0.67	0.68	-0.76	0.68		-0.13	-0.25	0.38	0.64	0.67	0.64	-0.75	-0.87	-0.87	0.83	-0.87	0.99	-0.87	0.98
Non Current Liabilities Total	-0.01	0.21	0.22	-0.45	-0.41	-0.1	0.24	-0.01	0.03	-0.01	-0.13		0.13	0.84	-0.45	-0.01	0.17	0.03	0.12	0.12	-0.04	0.12	-0.12	0.12	-0.13
Other Current Assets	0.55	0.38	0.44	0.42	0.31	-0.18	0.5	0.54	-0.41	0.54	-0.25	0.13		0.13	0.42	0.55	0.56	-0.43	0.23	0.23	0.33	0.23	-0.23	0.23	-0.24
Total Liab	0.43	0.64	0.64	0.03	0.11	-0.61	0.64	0.43	-0.46	0.43	0.38	0.84	0.13		0.03	0.43	0.58	-0.46	-0.4	-0.4	0.44	-0.4	0.37	-0.4	0.41
Net Invested Capital	0.88	0.73	0.74	1.0	0.99	-0.77	0.74	0.88	-0.9	0.88	0.64	-0.45	0.42	0.03		0.88	0.79	-0.9	-0.64	-0.64	0.86	-0.64	0.63	-0.64	0.67
Total Current Assets	1.0	0.95	0.96	0.88	0.88	-0.89	0.97	1.0	-0.97	1.0	0.67	-0.01	0.55	0.43	0.88		0.98	-0.97	-0.56	-0.56	0.97	-0.56	0.69	-0.56	0.66
Net Working Capital	0.98	0.98	0.99	0.79	0.8	-0.91	1.0	0.98	-0.95	0.98	0.64	0.17	0.56	0.58	0.79	0.98		-0.95	-0.55	-0.55	0.95	-0.55	0.65	-0.55	0.63
Net Debt	-0.97	-0.93	-0.94	-0.9	-0.92	0.95	-0.94	-0.97	1.0	-0.97	-0.75	0.03	-0.43	-0.46	-0.9	-0.97	-0.95		0.74	0.74	-0.96	0.74	-0.73	0.74	-0.78
Non Currrent Assets Other	-0.56	-0.62	-0.6	-0.64	-0.73	0.83	-0.57	-0.56	0.74	-0.56	-0.87	0.12	0.23	-0.4	-0.64	-0.56	-0.55	0.74		1.0	-0.69	1.0	-0.8	1.0	-0.95
Other Assets	-0.56	-0.62	-0.6	-0.64	-0.73	0.83	-0.57	-0.56	0.74	-0.56	-0.87	0.12	0.23	-0.4	-0.64	-0.56	-0.55	0.74	1.0		-0.69	1.0	-0.8	1.0	-0.95
Other Stockholder Equity	0.97	0.97	0.96	0.86	0.9	-0.96	0.94	0.97	-0.97	0.97	0.83	-0.04	0.33	0.44	0.86	0.97	0.95	-0.96	-0.69	-0.69		-0.69	0.84	-0.69	0.81
Deferred Long Term Liab	-0.56	-0.62	-0.6	-0.64	-0.73	0.83	-0.57	-0.56	0.74	-0.56	-0.87	0.12	0.23	-0.4	-0.64	-0.56	-0.55	0.74	1.0	1.0	-0.69		-0.8	1.0	-0.95
Retained Earnings Total Equity	0.69	0.78	0.74	0.63	0.73	-0.86	0.68	0.7	-0.75	0.7	0.99	-0.12	-0.23	0.37	0.63	0.69	0.65	-0.73	-0.8	-0.8	0.84	-0.8		-0.8	0.95
Capital Surpluse	-0.56	-0.62	-0.6	-0.64	-0.73	0.83	-0.57	-0.56	0.74	-0.56	-0.87	0.12	0.23	-0.4	-0.64	-0.56	-0.55	0.74	1.0	1.0	-0.69	1.0	-0.8		-0.95
Common Stock	0.66	0.74	0.71	0.67	0.77	-0.9	0.66	0.66	-0.78	0.66	0.98	-0.13	-0.24	0.41	0.67	0.66	0.63	-0.78	-0.95	-0.95	0.81	-0.95	0.95	-0.95

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Nuvectis Capital Surpluse vs Retained Earnings Analysis

Capital Surpluse vs Retained Earnings

Capital Surpluse vs Retained Earnings Correlation Analysis

Correlation Coefficient

Capital Surpluse

Retained Earnings

Nuvectis Pharma fundamental ratios Correlations

Nuvectis Pharma Account Relationship Matchups

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Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity

Net Debt	- 0.97	Total Current Assets
Net Debt	- 0.97	Cash And Short Term Investments
Other Stockholder Equity	- 0.97	Non Current Assets Total
Total Current Assets	- 0.97	Non Current Assets Total
Cash And Short Term Investments	- 0.97	Non Current Assets Total
Net Debt	- 0.97	Cash