Polestar Non Currrent Assets Other vs Net Tangible Assets Analysis

PSNY Stock  USD 1.07  0.01  0.93%   
Polestar Automotive financial indicator trend analysis is much more than just breaking down Polestar Automotive prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Polestar Automotive is a good investment. Please check the relationship between Polestar Automotive Non Currrent Assets Other and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polestar Automotive Holding. 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.

Non Currrent Assets Other vs Net Tangible Assets

Non Currrent Assets Other vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Polestar Automotive Non Currrent Assets Other account and Net Tangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Polestar Automotive's Non Currrent Assets Other and Net Tangible Assets is -0.1. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Polestar Automotive Holding, assuming nothing else is changed. The correlation between historical values of Polestar Automotive's Non Currrent Assets Other and Net Tangible 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 Non Currrent Assets Other of Polestar Automotive Holding are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Currrent Assets Other i.e., Polestar Automotive's Non Currrent Assets Other and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Polestar Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Polestar Automotive 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polestar Automotive Holding. 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.
Tax Provision is likely to rise to about (6.8 M) in 2024. Selling General Administrative is likely to drop to about 672 M in 2024
 2021 2022 2023 2024 (projected)
Depreciation And Amortization239.2M158.4M182.2M180.7M
Interest Income1.4M8.6M32.3M33.9M

Polestar Automotive fundamental ratios Correlations

0.760.991.0-0.850.87-0.981.00.63-0.930.640.961.00.110.850.960.95-0.48-0.020.810.99-0.460.710.981.00.86
0.760.780.74-0.990.93-0.780.760.98-0.930.120.680.770.450.940.680.68-0.780.310.990.78-0.090.870.810.760.85
0.990.780.99-0.860.87-0.971.00.65-0.930.590.960.990.180.850.960.93-0.490.030.810.99-0.440.711.00.990.89
1.00.740.99-0.830.84-0.981.00.6-0.910.680.971.00.070.820.970.94-0.460.00.780.98-0.520.670.980.990.83
-0.85-0.99-0.86-0.83-0.950.86-0.85-0.940.97-0.24-0.77-0.85-0.4-0.96-0.77-0.760.74-0.28-0.99-0.850.19-0.86-0.89-0.84-0.89
0.870.930.870.84-0.95-0.890.850.86-0.980.260.830.850.451.00.830.79-0.790.240.960.85-0.050.950.890.880.9
-0.98-0.78-0.97-0.980.86-0.89-0.98-0.640.94-0.64-0.98-0.98-0.1-0.88-0.98-0.90.6-0.12-0.82-0.940.44-0.74-0.95-0.97-0.82
1.00.761.01.0-0.850.85-0.980.62-0.920.650.971.00.110.830.970.93-0.480.030.790.98-0.490.690.980.990.85
0.630.980.650.6-0.940.86-0.640.62-0.84-0.050.520.630.510.880.520.56-0.750.320.960.660.010.820.70.630.77
-0.93-0.93-0.93-0.910.97-0.980.94-0.92-0.84-0.38-0.89-0.92-0.35-0.98-0.89-0.850.72-0.2-0.96-0.920.21-0.89-0.95-0.94-0.92
0.640.120.590.68-0.240.26-0.640.65-0.05-0.380.650.68-0.660.210.650.710.1-0.380.170.61-0.870.010.520.620.17
0.960.680.960.97-0.770.83-0.980.970.52-0.890.650.960.130.821.00.86-0.550.140.720.91-0.40.710.930.960.82
1.00.770.991.0-0.850.85-0.981.00.63-0.920.680.960.050.830.960.95-0.47-0.020.80.98-0.530.670.970.990.82
0.110.450.180.07-0.40.45-0.10.110.51-0.35-0.660.130.050.490.13-0.07-0.590.570.440.110.760.660.250.150.6
0.850.940.850.82-0.961.0-0.880.830.88-0.980.210.820.830.490.820.74-0.830.320.970.82-0.020.960.870.850.9
0.960.680.960.97-0.770.83-0.980.970.52-0.890.651.00.960.130.820.86-0.550.140.720.91-0.40.710.930.960.82
0.950.680.930.94-0.760.79-0.90.930.56-0.850.710.860.95-0.070.740.86-0.29-0.30.740.97-0.560.590.920.950.73
-0.48-0.78-0.49-0.460.74-0.790.6-0.48-0.750.720.1-0.55-0.47-0.59-0.83-0.55-0.29-0.73-0.77-0.4-0.29-0.88-0.51-0.49-0.63
-0.020.310.030.0-0.280.24-0.120.030.32-0.2-0.380.14-0.020.570.320.14-0.3-0.730.25-0.110.430.40.04-0.020.25
0.810.990.810.78-0.990.96-0.820.790.96-0.960.170.720.80.440.970.720.74-0.770.250.81-0.090.90.850.810.87
0.990.780.990.98-0.850.85-0.940.980.66-0.920.610.910.980.110.820.910.97-0.4-0.110.81-0.480.670.990.980.86
-0.46-0.09-0.44-0.520.19-0.050.44-0.490.010.21-0.87-0.4-0.530.76-0.02-0.4-0.56-0.290.43-0.09-0.480.24-0.37-0.42-0.02
0.710.870.710.67-0.860.95-0.740.690.82-0.890.010.710.670.660.960.710.59-0.880.40.90.670.240.750.730.86
0.980.811.00.98-0.890.89-0.950.980.7-0.950.520.930.970.250.870.930.92-0.510.040.850.99-0.370.750.990.92
1.00.760.990.99-0.840.88-0.970.990.63-0.940.620.960.990.150.850.960.95-0.49-0.020.810.98-0.420.730.990.87
0.860.850.890.83-0.890.9-0.820.850.77-0.920.170.820.820.60.90.820.73-0.630.250.870.86-0.020.860.920.87
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Polestar Automotive Account Relationship Matchups

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