NetSuite Average Equity vs Average Assets Analysis

NetSuite financial indicator trend analysis is infinitely more than just investigating NetSuite recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetSuite is a good investment. Please check the relationship between NetSuite Average Equity and its Average Assets accounts. See also Stocks Correlation.

Average Equity vs Average Assets

Accounts Relationship

Average Equity vs Average Assets

Significance: Almost Identical Trend

Average Equity diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of NetSuite Average Equity account and Average Assets

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from [Equity].

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from [Assets].
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