NVIDIACDR Common Stock Shares Outstanding vs Accounts Payable Analysis
| NVDA Stock | 28.95 1.02 3.65% |
NVIDIACDR financial indicator trend analysis is infinitely more than just investigating NVIDIA CDR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NVIDIA CDR is a good investment. Please check the relationship between NVIDIACDR Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NVIDIA CDR. 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.
Common Stock Shares Outstanding vs Accounts Payable
Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NVIDIA CDR Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between NVIDIACDR's Common Stock Shares Outstanding and Accounts Payable is -0.73. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of NVIDIA CDR, assuming nothing else is changed. The correlation between historical values of NVIDIACDR's Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of NVIDIA CDR are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., NVIDIACDR's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.73 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Accounts Payable
An accounting item on the balance sheet that represents NVIDIACDR obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NVIDIA CDR are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from NVIDIACDR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NVIDIA CDR 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 NVIDIA CDR. 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. The current year's Tax Provision is expected to grow to about 11.7 B, whereas Selling General Administrative is forecasted to decline to about 2.8 B.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 262M | 257M | 247M | 260.9M | Interest Income | 267M | 866M | 1.8B | 1.9B |
NVIDIACDR fundamental ratios Correlations
Click cells to compare fundamentals
NVIDIACDR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NVIDIACDR
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 NVIDIACDR 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 NVIDIACDR will appreciate offsetting losses from the drop in the long position's value.Moving against NVIDIACDR Stock
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The ability to find closely correlated positions to NVIDIACDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVIDIACDR 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 NVIDIACDR - 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 NVIDIA CDR to buy it.
The correlation of NVIDIACDR 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 NVIDIACDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NVIDIA CDR 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 NVIDIACDR 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 NVIDIACDR Stock
Balance Sheet is a snapshot of the financial position of NVIDIA CDR at a specified time, usually calculated after every quarter, six months, or one year. NVIDIACDR Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NVIDIACDR 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 NVIDIACDR currently owns. An asset can also be divided into two categories, current and non-current.