| NRT Stock | | | USD 4.09 0.06 1.45% |
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 Ebitda and its Income Before Tax 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.
Ebitda vs Income Before Tax
Ebitda vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North European Oil Ebitda account and
Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between North European's Ebitda and Income Before Tax is 0.96. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax 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 Ebitda and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of North European Oil are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebitda i.e., North European's Ebitda and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Ebitda
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on North European income statement and is an important metric when analyzing North European Oil profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
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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measure North European'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 North European is operating at the current time. Most of North European's value examination focuses on studying past and present price action to
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