NXST Stock | | | USD 178.41 1.94 1.10% |
Nexstar Broadcasting financial indicator trend analysis is infinitely more than just investigating Nexstar Broadcasting recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexstar Broadcasting is a good investment. Please check the relationship between Nexstar Broadcasting Non Currrent Assets Other and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Non Currrent Assets Other vs Cash
Non Currrent Assets Other vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nexstar Broadcasting Non Currrent Assets Other account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nexstar Broadcasting's Non Currrent Assets Other and Cash is 0.76. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash in the same time period over historical financial statements of Nexstar Broadcasting Group, assuming nothing else is changed. The correlation between historical values of Nexstar Broadcasting's Non Currrent Assets Other 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 Non Currrent Assets Other of Nexstar Broadcasting Group 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 Non Currrent Assets Other i.e., Nexstar Broadcasting's Non Currrent Assets Other and Cash go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Cash
Cash refers to the most liquid asset of Nexstar Broadcasting, which is listed under current asset account on Nexstar Broadcasting Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nexstar Broadcasting customers. The amounts must be unrestricted with restricted cash listed in a different Nexstar Broadcasting 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 Nexstar Broadcasting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexstar Broadcasting 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 Nexstar Broadcasting Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Nexstar Broadcasting's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas
Tax Provision is likely to drop slightly above 141.5
M in 2024.
Nexstar Broadcasting fundamental ratios Correlations
Click cells to compare fundamentals
Nexstar Broadcasting Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexstar Broadcasting fundamental ratios Accounts
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