NVent Other Liab from 2010 to 2024
| NVT Stock | USD 78.55 3.23 3.95% |
Other Liabilities | First Reported 2016-12-31 | Previous Quarter 389.1 M | Current Value 414.5 M | Quarterly Volatility 100.5 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 Electric's 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 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 Liab |
Latest NVent Electric's Other Liab Growth Pattern
Below is the plot of the Other Liab of nVent Electric PLC over the last few years. It is NVent Electric's Other Liabilities 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 Liab | 10 Years Trend |
|
Other Liab |
| Timeline |
NVent Other Liab Regression Statistics
| Arithmetic Mean | 579,984,000 | |
| Geometric Mean | 565,968,228 | |
| Coefficient Of Variation | 21.67 | |
| Mean Deviation | 108,001,600 | |
| Median | 578,300,000 | |
| Standard Deviation | 125,676,600 | |
| Sample Variance | 15794.6T | |
| Range | 346.5M | |
| R-Value | (0.88) | |
| Mean Square Error | 3748.2T | |
| R-Squared | 0.78 | |
| Significance | 0.000013 | |
| Slope | (24,813,464) | |
| Total Sum of Squares | 221124.5T |
NVent Other Liab 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 Liab, 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 Liabilities | 350.2 M | 442.4 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
| 0.83 | BE | Bloom Energy Corp Downward Rally | PairCorr |
Moving against NVent Stock
| 0.77 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.7 | FCEL | FuelCell Energy Fiscal Year End 17th of December 2024 | PairCorr |
| 0.68 | FLUX | Flux Power Holdings Fiscal Year End 19th of September 2024 | PairCorr |
| 0.68 | NXU | Nxu Inc | PairCorr |
| 0.65 | EPOW | Sunrise New Energy | 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.Additional 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.