NXT Stock | | | 36.41 1.11 3.14% |
Nextracker financial indicator trend analysis is infinitely more than just investigating Nextracker Class A recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextracker Class A is a good investment. Please check the relationship between Nextracker Other Liab and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nextracker Class A Other Liab account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nextracker's Other Liab and Net Receivables is 0.97. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Nextracker Class A, assuming nothing else is changed. The correlation between historical values of Nextracker's Other Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Nextracker Class A are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Liab i.e., Nextracker's Other Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Nextracker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextracker Class A 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 Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
At this time, Nextracker's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 117.4
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 6.43 in 2024.
When running Nextracker's price analysis, check to
measure Nextracker'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 Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to
predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.