| NXR-UN Stock | | | CAD 7.32 0.12 1.61% |
Nexus Real financial indicator trend analysis is infinitely more than just investigating Nexus Real Estate recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexus Real Estate is a good investment. Please check the relationship between Nexus Real Retained Earnings and its Other Current Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexus Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Retained Earnings vs Other Current Liab
Retained Earnings vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexus Real Estate Retained Earnings account and
Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nexus Real's Retained Earnings and Other Current Liab is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Nexus Real Estate, assuming nothing else is changed. The correlation between historical values of Nexus Real's Retained Earnings and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Nexus Real Estate are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Retained Earnings i.e., Nexus Real's Retained Earnings and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
Other Current Liab
Most indicators from Nexus Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexus Real Estate 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 Nexus Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
At present, Nexus Real's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Enterprise Value Over EBITDA is expected to grow to 11.43, whereas
Tax Provision is forecasted to decline to about 20.8
K.
Nexus Real fundamental ratios Correlations
Click cells to compare fundamentals
Nexus Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexus Real fundamental ratios Accounts
Pair Trading with Nexus Real
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 Nexus Real 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 Nexus Real will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Nexus Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexus Real 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 Nexus Real - 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 Nexus Real Estate to buy it.
The correlation of Nexus Real 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 Nexus Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexus Real Estate 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 Nexus Real 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 Nexus Stock
Balance Sheet is a snapshot of the
financial position of Nexus Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Nexus Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nexus Real 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 Nexus currently owns. An asset can also be divided into two categories, current and non-current.