NVent Property Plant Equipment vs Cash Analysis
NVT Stock | USD 78.42 0.13 0.17% |
NVent Electric financial indicator trend analysis is infinitely more than just investigating nVent Electric PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nVent Electric PLC is a good investment. Please check the relationship between NVent Electric Property Plant Equipment and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Property Plant Equipment vs Cash
Property Plant Equipment vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nVent Electric PLC Property Plant Equipment account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NVent Electric's Property Plant Equipment and Cash is 0.81. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash in the same time period over historical financial statements of nVent Electric PLC, assuming nothing else is changed. The correlation between historical values of NVent Electric's Property Plant Equipment and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of nVent Electric PLC are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant Equipment i.e., NVent Electric's Property Plant Equipment and Cash go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
Cash
Cash refers to the most liquid asset of nVent Electric PLC, which is listed under current asset account on nVent Electric PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NVent Electric customers. The amounts must be unrestricted with restricted cash listed in a different NVent Electric account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from NVent Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nVent Electric PLC 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 nVent Electric PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. Issuance Of Capital Stock is likely to gain to about 11.3 M in 2024, whereas Tax Provision is likely to drop slightly above 57.3 M in 2024.
2021 | 2023 | 2024 (projected) | Interest Income | 32.3M | 35.9M | 24.5M | Tax Provision | 47.8M | 90M | 57.3M |
NVent Electric fundamental ratios Correlations
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NVent Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NVent Electric fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.6B | 4.4B | 4.7B | 4.9B | 6.2B | 5.3B | |
Other Current Liab | 243.9M | 247.6M | 352.5M | 359.7M | 373.3M | 248.2M | |
Total Current Liabilities | 462.2M | 450M | 636.3M | 649.5M | 733.6M | 545.6M | |
Total Stockholder Equity | 2.6B | 2.4B | 2.5B | 2.7B | 3.1B | 2.4B | |
Other Liab | 504.8M | 578.3M | 547.6M | 389.1M | 350.2M | 442.4M | |
Net Tangible Assets | (847.1M) | 2.4B | (834.4M) | (512.5M) | (461.3M) | (438.2M) | |
Accounts Payable | 187.1M | 171.1M | 261M | 252.1M | 275.7M | 219.5M | |
Cash | 106.4M | 122.5M | 49.5M | 297.5M | 185.1M | 121.1M | |
Other Assets | 73.3M | 110M | 141.1M | 63.2M | 72.7M | 106.0M | |
Cash And Short Term Investments | 106.4M | 122.5M | 49.5M | 297.5M | 185.1M | 121.1M | |
Net Receivables | 334.3M | 313.8M | 438.1M | 472.5M | 633.6M | 456.8M | |
Good Will | 2.3B | 2.1B | 2.2B | 2.2B | 2.6B | 2.5B | |
Common Stock Shares Outstanding | 173M | 169.6M | 169.7M | 168.3M | 168.2M | 139.1M | |
Inventory | 244.7M | 235.2M | 321.9M | 346.7M | 441.3M | 299.6M | |
Other Current Assets | 113.3M | 92.9M | 102M | 112.5M | 76.1M | 76.6M | |
Other Stockholder Equity | 2.5B | 2.5B | 2.4B | 2.4B | 2.3B | 2.3B | |
Total Liab | 2.0B | 2.0B | 2.2B | 2.2B | 3.0B | 2.0B | |
Total Current Assets | 798.7M | 764.4M | 911.5M | 1.2B | 1.3B | 968.8M | |
Intangible Assets | 1.2B | 1.1B | 1.1B | 1.1B | 1.5B | 985.8M | |
Property Plant Equipment | 328.7M | 289.4M | 291.1M | 365.6M | 420.4M | 315.4M | |
Property Plant And Equipment Net | 284.5M | 289.4M | 291.1M | 289.2M | 508.7M | 337.4M | |
Current Deferred Revenue | 13.7M | 11.3M | 17.8M | 22.7M | 27.1M | 16.8M | |
Net Debt | 958.2M | 825.5M | 949.7M | 785.7M | 1.7B | 1.8B | |
Non Current Assets Total | 3.8B | 3.6B | 3.8B | 3.7B | 4.8B | 4.3B | |
Non Currrent Assets Other | 117.5M | 108.6M | 141.1M | 139.6M | 49.6M | 88.8M | |
Long Term Debt Total | 1.0B | 928M | 994.2M | 1.1B | 1.2B | 780.5M | |
Liabilities And Stockholders Equity | 4.6B | 4.4B | 4.7B | 4.9B | 6.2B | 5.3B | |
Non Current Liabilities Total | 1.6B | 1.5B | 1.5B | 1.5B | 2.3B | 1.5B | |
Property Plant And Equipment Gross | 284.5M | 335M | 291.1M | 830.6M | 1.0B | 515.2M | |
Accumulated Other Comprehensive Income | (98.6M) | (95.2M) | (83.2M) | (99.6M) | (104M) | (109.2M) | |
Non Current Liabilities Other | 10.6M | 348.2M | 129.2M | 124.7M | 33.8M | 32.1M | |
Cash And Equivalents | 106.4M | 122.5M | 49.5M | 297.5M | 342.1M | 359.2M | |
Short Term Debt | 17.5M | 20M | 5M | 15M | 57.5M | 40.3M | |
Long Term Debt | 1.0B | 928M | 994.2M | 1.1B | 1.7B | 1.1B | |
Net Invested Capital | 3.7B | 3.4B | 999.2M | 1.1B | 4.9B | 5.2B | |
Net Working Capital | 336.5M | 314.4M | 275.2M | 579.7M | 602.5M | 445.5M | |
Short Long Term Debt Total | 1.1B | 948M | 999.2M | 1.1B | 1.9B | 1.3B | |
Retained Earnings | 186.7M | 20.7M | 174.5M | 457.3M | 905.3M | 950.6M |
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
Moving against NVent Stock
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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.