NVent Other Current Assets from 2010 to 2024
| NVT Stock | USD 81.38 1.31 1.58% |
Other Current Assets | First Reported 2016-12-31 | Previous Quarter 76.1 M | Current Value 80.8 M | Quarterly Volatility 64.1 M |
Check NVent Electric financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NVent main balance sheet or income statement drivers, such as Tax Provision of 57.3 M, Interest Income of 24.5 M or Depreciation And Amortization of 117.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.82, Dividend Yield of 0.0223 or PTB Ratio of 3.27. NVent financial statements analysis is a perfect complement when working with NVent Electric Valuation or Volatility modules.
NVent | Other Current Assets |
Latest NVent Electric's Other Current Assets Growth Pattern
Below is the plot of the Other Current Assets of nVent Electric PLC over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. NVent Electric's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NVent Electric's overall financial position and show how it may be relating to other accounts over time.
| Other Current Assets | 10 Years Trend |
|
Other Current Assets |
| Timeline |
NVent Other Current Assets Regression Statistics
| Arithmetic Mean | 49,493,926 | |
| Geometric Mean | 20,989,025 | |
| Coefficient Of Variation | 99.33 | |
| Mean Deviation | 46,046,854 | |
| Median | 7,800,000 | |
| Standard Deviation | 49,159,937 | |
| Sample Variance | 2416.7T | |
| Range | 116.6M | |
| R-Value | 0.77 | |
| Mean Square Error | 1053.7T | |
| R-Squared | 0.60 | |
| Significance | 0.0008 | |
| Slope | 8,480,222 | |
| Total Sum of Squares | 33833.8T |
NVent Other Current Assets History
About NVent Electric Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include NVent Electric income statement, its balance sheet, and the statement of cash flows. NVent Electric investors use historical funamental indicators, such as NVent Electric's Other Current Assets, to determine how well the company is positioned to perform in the future. Although NVent Electric investors may use each financial statement separately, they are all related. The changes in NVent Electric's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NVent Electric's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NVent Electric Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NVent Electric. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Assets | 76.1 M | 76.6 M |
Pair Trading with NVent Electric
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NVent Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NVent Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with NVent Stock
| 0.84 | BE | Bloom Energy Corp | PairCorr |
| 0.64 | KE | Kimball Electronics Fiscal Year End 21st of August 2024 | PairCorr |
| 0.73 | ROBOF | RoboGroup TEK | PairCorr |
Moving against NVent Stock
| 0.68 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.64 | EOSE | Eos Energy Enterprises | PairCorr |
| 0.62 | FCEL | FuelCell Energy Financial Report 13th of June 2024 | PairCorr |
| 0.59 | EPOW | Sunrise New Energy | PairCorr |
| 0.57 | FLUX | Flux Power Holdings Fiscal Year End 19th of September 2024 | PairCorr |
The ability to find closely correlated positions to NVent Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVent Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NVent Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling nVent Electric PLC to buy it.
The correlation of NVent Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NVent Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of NVent Electric Correlation against competitors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for NVent Stock analysis
When running NVent Electric's price analysis, check to measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.
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Is NVent Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NVent Electric. If investors know NVent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NVent Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.107 | Dividend Share 0.73 | Earnings Share 3.43 | Revenue Per Share 20.511 | Quarterly Revenue Growth 0.181 |
The market value of nVent Electric PLC is measured differently than its book value, which is the value of NVent that is recorded on the company's balance sheet. Investors also form their own opinion of NVent Electric's value that differs from its market value or its book value, called intrinsic value, which is NVent Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NVent Electric's market value can be influenced by many factors that don't directly affect NVent Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NVent Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVent Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVent Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.