| FIZZ Stock | | | USD 49.32 0.52 1.07% |
National Beverage financial indicator trend analysis is infinitely more than just investigating National Beverage Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Beverage Corp is a good investment. Please check the relationship between National Beverage Non Currrent Assets Other and its Retained Earnings accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Non Currrent Assets Other vs Retained Earnings
Non Currrent Assets Other vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Beverage Corp Non Currrent Assets Other account and
Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between National Beverage's Non Currrent Assets Other and Retained Earnings is -0.28. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of National Beverage Corp, assuming nothing else is changed. The correlation between historical values of National Beverage's Non Currrent Assets Other and Retained Earnings 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 National Beverage Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., National Beverage's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.28 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
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.
Most indicators from National Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Beverage Corp 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, National Beverage's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 17.22 in 2024, whereas
Tax Provision is likely to drop slightly above 49.7
M in 2024.
National Beverage fundamental ratios Correlations
Click cells to compare fundamentals
National Beverage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Beverage fundamental ratios Accounts
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