| NRT Stock | | | USD 4.30 0.83 16.18% |
North European financial indicator trend analysis is infinitely more than just investigating North European Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North European Oil is a good investment. Please check the relationship between North European Cash And Short Term Investments and its Net Invested Capital accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North European Oil. 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.
Cash And Short Term Investments vs Net Invested Capital
Cash And Short Term Investments vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North European Oil Cash And Short Term Investments account and
Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between North European's Cash And Short Term Investments and Net Invested Capital is -0.37. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of North European Oil, assuming nothing else is changed. The correlation between historical values of North European's Cash And Short Term Investments and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of North European Oil are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Short Term Investments i.e., North European's Cash And Short Term Investments and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of North European Oil balance sheet. This account contains North European investments that will expire within one year. These investments include stocks and bonds that can be liquidated by North European Oil fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from North European's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North European Oil 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 North European Oil. 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, North European's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 175.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 897.6
K in 2024.
North European fundamental ratios Correlations
Click cells to compare fundamentals
North European Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North European fundamental ratios Accounts
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Additional Tools for North Stock Analysis
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