NVIDIA Reconciled Depreciation vs Interest Expense Analysis
| NVDA Stock | 31.55 0.93 2.86% |
NVIDIA CDR 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 NVIDIA CDR Reconciled Depreciation and its Interest Expense 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.
Reconciled Depreciation vs Interest Expense
Reconciled Depreciation vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NVIDIA CDR Reconciled Depreciation account and Interest Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NVIDIA CDR's Reconciled Depreciation and Interest Expense is 0.95. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Interest Expense in the same time period over historical financial statements of NVIDIA CDR, assuming nothing else is changed. The correlation between historical values of NVIDIA CDR's Reconciled Depreciation and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of NVIDIA CDR are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Reconciled Depreciation i.e., NVIDIA CDR's Reconciled Depreciation and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Reconciled Depreciation
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from NVIDIA CDR'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 4.3 B, whereas Selling General Administrative is forecasted to decline to about 2.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 236M | 262M | 257M | 258.2M | Interest Income | 29M | 267M | 866M | 909.3M |
NVIDIA CDR fundamental ratios Correlations
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NVIDIA CDR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NVIDIA CDR
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 NVIDIA CDR 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 NVIDIA CDR will appreciate offsetting losses from the drop in the long position's value.Moving against NVIDIA Stock
The ability to find closely correlated positions to NVIDIA CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVIDIA CDR 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 NVIDIA CDR - 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 NVIDIA CDR 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 NVIDIA CDR 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 NVIDIA CDR 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 NVIDIA 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. NVIDIA CDR Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NVIDIA CDR 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 NVIDIA currently owns. An asset can also be divided into two categories, current and non-current.