Now Current Deferred Revenue vs Non Currrent Assets Other Analysis
DNOW Stock | USD 13.94 0.23 1.68% |
Now financial indicator trend analysis is infinitely more than just investigating Now Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Now Inc is a good investment. Please check the relationship between Now Current Deferred Revenue and its Non Currrent Assets Other accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Current Deferred Revenue vs Non Currrent Assets Other
Current Deferred Revenue vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Now Inc Current Deferred Revenue account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Now's Current Deferred Revenue and Non Currrent Assets Other is 0.53. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Now Inc, assuming nothing else is changed. The correlation between historical values of Now's Current Deferred Revenue and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Now Inc are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Current Deferred Revenue i.e., Now's Current Deferred Revenue and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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.Most indicators from Now's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Now Inc 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 Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Now's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 1.4 B in 2024, despite the fact that Tax Provision is likely to grow to (104.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 357M | 506M | 535M | 432.1M | Total Revenue | 1.6B | 2.1B | 2.3B | 2.2B |
Now fundamental ratios Correlations
Click cells to compare fundamentals
Now Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Now fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 108.8M | 109.4M | 110.5M | 111.2M | 108.4M | 119.2M | |
Total Assets | 1.6B | 1.0B | 1.1B | 1.3B | 1.5B | 1.4B | |
Other Current Liab | 86M | 59M | 92M | 89M | 84M | 66.8M | |
Total Current Liabilities | 396M | 272M | 369M | 439M | 418M | 317.1M | |
Total Stockholder Equity | 1.1B | 699M | 712M | 842M | 1.1B | 1.0B | |
Other Liab | 7M | 6M | 3M | 5M | 4.5M | 5.3M | |
Accounts Payable | 255M | 172M | 235M | 304M | 288M | 223.7M | |
Cash | 183M | 387M | 313M | 212M | 299M | 205.2M | |
Good Will | 245M | 0.0 | 67M | 116M | 139M | 183.1M | |
Inventory | 465M | 262M | 250M | 381M | 366M | 460.4M | |
Other Current Assets | 18M | 19M | 49M | 14M | 26M | 22.7M | |
Total Liab | 447M | 309M | 392M | 476M | 466M | 366.5M | |
Intangible Assets | 144M | 90M | 9M | 25M | 28M | 26.6M | |
Property Plant Equipment | 106M | 120M | 98M | 111M | 136.9M | 126.8M | |
Property Plant And Equipment Net | 106M | 120M | 98M | 111M | 171M | 137.8M | |
Current Deferred Revenue | 19M | 29M | 34M | 33M | 28M | 27.9M | |
Net Debt | (149M) | (362M) | (296M) | (174M) | (236M) | (224.2M) | |
Non Current Assets Total | 524M | 147M | 221M | 303M | 461M | 371.3M | |
Non Currrent Assets Other | 10M | 67M | 48M | 34M | 42M | 4.8M | |
Cash And Short Term Investments | 183M | 387M | 313M | 212M | 299M | 210M | |
Net Receivables | 370M | 198M | 304M | 398M | 384M | 357.1M | |
Liabilities And Stockholders Equity | 1.6B | 1.0B | 1.1B | 1.3B | 1.5B | 1.3B | |
Non Current Liabilities Total | 140M | 51M | 37M | 23M | 48M | 53.0M | |
Other Stockholder Equity | 2.0B | 2.1B | 2.1B | 2.1B | 2.0B | 2.2B | |
Property Plant And Equipment Gross | 120M | 98M | 271M | 286M | 309M | 184.3M | |
Total Current Assets | 1.1B | 861M | 883M | 1.0B | 1.1B | 960.3M | |
Accumulated Other Comprehensive Income | (143M) | (128M) | (145M) | (147M) | (150M) | (152.3M) | |
Short Term Debt | 21M | 22M | 15M | 13M | 18M | 28.1M | |
Net Tangible Assets | 809M | 699M | 636M | 701M | 630.9M | 672.4M | |
Retained Earnings | (775M) | (1.2B) | (1.2B) | (1.1B) | (828M) | (869.4M) | |
Retained Earnings Total Equity | (775M) | (1.2B) | (1.2B) | (1.1B) | (967.5M) | (1.0B) | |
Capital Surpluse | 2.0B | 2.1B | 2.1B | 2.1B | 2.4B | 2.2B | |
Short Long Term Debt Total | 34M | 25M | 17M | 38M | 63M | 57.2M |
Now Investors Sentiment
The influence of Now's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Now. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Now's public news can be used to forecast risks associated with an investment in Now. The trend in average sentiment can be used to explain how an investor holding Now can time the market purely based on public headlines and social activities around Now Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Now's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Now's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Now's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Now.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Now in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Now's short interest history, or implied volatility extrapolated from Now options trading.
Pair Trading with Now
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 Now 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 Now will appreciate offsetting losses from the drop in the long position's value.Moving together with Now Stock
0.73 | IR | Ingersoll Rand | PairCorr |
Moving against Now Stock
0.57 | ATS | ATS Corporation Earnings Call This Week | PairCorr |
0.44 | RR | Richtech Robotics Class | PairCorr |
The ability to find closely correlated positions to Now could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Now 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 Now - 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 Now Inc to buy it.
The correlation of Now 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 Now moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Now Inc 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 Now 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Now's price analysis, check to measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Is Now'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 Now. If investors know Now 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 Now 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 (0.32) | Earnings Share 2.15 | Revenue Per Share 21.595 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0612 |
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now'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 Now's market value can be influenced by many factors that don't directly affect Now'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 Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now'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.