NXRT Stock | | | USD 47.07 0.39 0.82% |
Nexpoint Residential financial indicator trend analysis is infinitely more than just investigating Nexpoint Residential recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexpoint Residential is a good investment. Please check the relationship between Nexpoint Residential Capital Stock and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexpoint Residential Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Capital Stock vs Total Current Assets
Capital Stock vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexpoint Residential Capital Stock account and
Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nexpoint Residential's Capital Stock and Total Current Assets is 0.58. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Nexpoint Residential Trust, assuming nothing else is changed. The correlation between historical values of Nexpoint Residential's Capital Stock and Total Current Assets 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 Stock of Nexpoint Residential Trust are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Capital Stock i.e., Nexpoint Residential's Capital Stock and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Nexpoint Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexpoint Residential 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 Nexpoint Residential Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Nexpoint Residential's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 9.85 in 2024, whereas
Selling General Administrative is likely to drop slightly above 19.6
M in 2024.
Nexpoint Residential fundamental ratios Correlations
Click cells to compare fundamentals
Nexpoint Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexpoint Residential fundamental ratios Accounts
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Additional Tools for Nexpoint Stock Analysis
When running Nexpoint Residential's price analysis, check to
measure Nexpoint Residential'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 Nexpoint Residential is operating at the current time. Most of Nexpoint Residential's value examination focuses on studying past and present price action to
predict the probability of Nexpoint Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexpoint Residential's price. Additionally, you may evaluate how the addition of Nexpoint Residential to your portfolios can decrease your overall portfolio volatility.