| NWPX Stock | | | USD 55.95 0.06 0.11% |
Northwest Pipe financial indicator trend analysis is infinitely more than just investigating Northwest Pipe recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northwest Pipe is a good investment. Please check the relationship between Northwest Pipe Cash and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Northwest Pipe Cash account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Northwest Pipe's Cash and Accounts Payable is -0.5. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Northwest Pipe, assuming nothing else is changed. The correlation between historical values of Northwest Pipe's Cash 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 Cash of Northwest Pipe 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 Cash i.e., Northwest Pipe's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Northwest Pipe, which is listed under current asset account on Northwest Pipe balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Northwest Pipe customers. The amounts must be unrestricted with restricted cash listed in a different Northwest Pipe account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents Northwest Pipe 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 Northwest Pipe 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 Northwest Pipe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northwest Pipe 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 Northwest Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.At this time, Northwest Pipe's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 10.86 in 2024, whereas
Selling General Administrative is likely to drop slightly above 27.7
M in 2024.
Northwest Pipe fundamental ratios Correlations
Click cells to compare fundamentals
Northwest Pipe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northwest Pipe fundamental ratios Accounts
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 Northwest Stock Analysis
When running Northwest Pipe's price analysis, check to
measure Northwest Pipe's 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 Northwest Pipe is operating at the current time. Most of Northwest Pipe's value examination focuses on studying past and present price action to
predict the probability of Northwest Pipe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northwest Pipe's price. Additionally, you may evaluate how the addition of Northwest Pipe to your portfolios can decrease your overall portfolio volatility.