Nano Non Currrent Assets Other vs Short Term Investments Analysis

NANO Stock   1.70  0.04  2.30%   
Nano One financial indicator trend analysis is infinitely more than just investigating Nano One Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nano One Materials is a good investment. Please check the relationship between Nano One Non Currrent Assets Other and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano One Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Non Currrent Assets Other vs Short Term Investments

Non Currrent Assets Other vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano One Materials Non Currrent Assets Other account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nano One's Non Currrent Assets Other and Short Term Investments is 0.4. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Nano One Materials, assuming nothing else is changed. The correlation between historical values of Nano One's Non Currrent Assets Other and Short Term Investments 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 Nano One Materials are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Nano One's Non Currrent Assets Other and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Short Term Investments

Short Term Investments is an item under the current assets section of Nano One balance sheet. It contains any investments Nano One Materials undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Nano One Materials can easily liquidate in the marketplace.
Most indicators from Nano One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nano One Materials 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 Nano One Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Nano One's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Enterprise Value is likely to grow to about 233.6 M, while Issuance Of Capital Stock is likely to drop about 19.3 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses11.3M16.7M19.2M20.1M
Depreciation And Amortization949.9K2.0M2.3M2.5M

Nano One fundamental ratios Correlations

0.850.790.840.72-0.81-0.770.670.80.720.610.840.68-0.370.80.810.37-0.140.180.820.85-0.040.820.570.80.74
0.850.821.00.8-0.97-0.880.780.970.810.70.990.77-0.170.850.980.43-0.19-0.270.970.84-0.410.990.80.990.96
0.790.820.80.95-0.7-0.960.960.680.960.50.810.91-0.321.00.70.1-0.17-0.20.910.75-0.350.880.590.870.68
0.841.00.80.78-0.98-0.860.750.980.780.710.990.74-0.160.820.980.45-0.19-0.270.970.83-0.410.980.80.980.97
0.720.80.950.78-0.65-0.960.970.631.00.340.750.99-0.360.940.650.2-0.32-0.350.90.67-0.480.850.620.860.68
-0.81-0.97-0.7-0.98-0.650.77-0.64-1.0-0.66-0.77-0.98-0.610.08-0.73-1.0-0.440.140.23-0.91-0.820.36-0.94-0.8-0.94-0.97
-0.77-0.88-0.96-0.86-0.960.77-0.96-0.75-0.96-0.48-0.86-0.930.29-0.97-0.77-0.160.320.34-0.96-0.790.45-0.93-0.66-0.93-0.77
0.670.780.960.750.97-0.64-0.960.610.970.350.760.95-0.320.960.630.04-0.34-0.410.890.61-0.540.850.60.860.65
0.80.970.680.980.63-1.0-0.750.610.640.770.980.59-0.070.711.00.46-0.13-0.220.90.8-0.350.940.790.930.97
0.720.810.960.781.0-0.66-0.960.970.640.350.760.99-0.350.950.660.2-0.31-0.350.90.68-0.480.860.620.860.68
0.610.70.50.710.34-0.77-0.480.350.770.350.740.28-0.020.530.770.310.40.140.620.670.10.660.610.650.73
0.840.990.810.990.75-0.98-0.860.760.980.760.740.71-0.130.840.980.35-0.17-0.260.960.82-0.390.980.790.980.95
0.680.770.910.740.99-0.61-0.930.950.590.990.280.71-0.380.90.610.27-0.37-0.370.870.64-0.50.820.590.820.66
-0.37-0.17-0.32-0.16-0.360.080.29-0.32-0.07-0.35-0.02-0.13-0.38-0.3-0.09-0.180.27-0.18-0.21-0.2-0.01-0.18-0.12-0.18-0.1
0.80.851.00.820.94-0.73-0.970.960.710.950.530.840.9-0.30.730.1-0.17-0.210.930.76-0.360.90.620.90.71
0.810.980.70.980.65-1.0-0.770.631.00.660.770.980.61-0.090.730.47-0.13-0.220.910.81-0.350.940.790.940.97
0.370.430.10.450.2-0.44-0.160.040.460.20.310.350.27-0.180.10.47-0.080.050.320.42-0.120.330.30.330.52
-0.14-0.19-0.17-0.19-0.320.140.32-0.34-0.13-0.310.4-0.17-0.370.27-0.17-0.13-0.080.48-0.25-0.090.57-0.23-0.15-0.24-0.18
0.18-0.27-0.2-0.27-0.350.230.34-0.41-0.22-0.350.14-0.26-0.37-0.18-0.21-0.220.050.48-0.340.010.87-0.34-0.34-0.37-0.33
0.820.970.910.970.9-0.91-0.960.890.90.90.620.960.87-0.210.930.910.32-0.25-0.340.83-0.450.990.760.990.9
0.850.840.750.830.67-0.82-0.790.610.80.680.670.820.64-0.20.760.810.42-0.090.010.83-0.070.810.60.790.82
-0.04-0.41-0.35-0.41-0.480.360.45-0.54-0.35-0.480.1-0.39-0.5-0.01-0.36-0.35-0.120.570.87-0.45-0.07-0.47-0.44-0.5-0.45
0.820.990.880.980.85-0.94-0.930.850.940.860.660.980.82-0.180.90.940.33-0.23-0.340.990.81-0.470.81.00.93
0.570.80.590.80.62-0.8-0.660.60.790.620.610.790.59-0.120.620.790.3-0.15-0.340.760.6-0.440.80.80.87
0.80.990.870.980.86-0.94-0.930.860.930.860.650.980.82-0.180.90.940.33-0.24-0.370.990.79-0.51.00.80.93
0.740.960.680.970.68-0.97-0.770.650.970.680.730.950.66-0.10.710.970.52-0.18-0.330.90.82-0.450.930.870.93
Click cells to compare fundamentals

Nano One Account Relationship Matchups

Nano One fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding66.6M79.1M93.9M98.2M111.3M116.8M
Total Assets2.9M31.0M55.4M56.1M53.0M55.6M
Total Current Liabilities912.8K1.4M946.7K2.0M4.1M4.4M
Total Stockholder Equity1.9M28.9M53.8M53.4M47.5M49.9M
Property Plant And Equipment Net768.0K1.5M1.8M13.3M18.4M19.3M
Net Debt(1.5M)(27.0M)(51.9M)(38.7M)(34.8M)(33.1M)
Retained Earnings(21.4M)(26.6M)(37.8M)(53.6M)(84.7M)(80.5M)
Accounts Payable134.7K529.4K784.0K1.9M3.7M3.9M
Cash1.7M27.8M52.7M39.4M31.9M33.5M
Non Current Assets Total813.6K1.8M2.0M13.4M18.7M19.6M
Cash And Short Term Investments1.9M28.8M52.7M39.4M45.4M47.6M
Liabilities And Stockholders Equity2.9M31.0M55.4M56.1M64.5M67.7M
Other Current Assets71.0K44.3K(22.6K)1.4M1.6M1.7M
Other Stockholder Equity3.2M4.7M9.0M171K153.9K146.2K
Total Liab1.1M2.1M1.6M2.6M5.5M5.8M
Total Current Assets2.1M29.2M53.3M42.6M34.3M36.0M
Accumulated Other Comprehensive Income3.2M4.7M9.0M10.2M11.7M12.3M
Net Receivables347.5K147.7K362.0K411.5K1.5M0.0
Common Stock20.1M50.7M82.6M96.7M111.2M116.8M
Intangible Assets24.3K22.7K25.7K31.7K37.9K19.8K
Cash And Equivalents315.9K1.7M27.8M52.7M60.6M63.6M
Short Term Debt101.7K88.8K143.7K186.8K214.8K225.6K
Property Plant Equipment727.8K768.0K1.5M1.8M2.1M1.4M
Net Tangible Assets4.1M1.8M28.9M53.7M61.8M64.9M
Non Current Liabilities Total151.7K621.2K656.2K587.1K1.3M1.4M
Net Invested Capital1.9M28.9M53.8M53.4M47.5M30.8M
Net Working Capital1.2M27.7M52.4M40.6M30.1M25.2M
Capital Stock20.1M50.7M82.6M96.7M125.0M72.2M

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano One Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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Please note, there is a significant difference between Nano One's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano One is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano One'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.