NanoVibronix Other Current Assets vs Inventory Analysis
| NAOV Stock | USD 0.75 0.03 4.17% |
NanoVibronix financial indicator trend analysis is infinitely more than just investigating NanoVibronix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoVibronix is a good investment. Please check the relationship between NanoVibronix Other Current Assets and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoVibronix. 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. For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.
Other Current Assets vs Inventory
Other Current Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NanoVibronix Other Current Assets account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NanoVibronix's Other Current Assets and Inventory is -0.16. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of NanoVibronix, assuming nothing else is changed. The correlation between historical values of NanoVibronix's Other Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of NanoVibronix are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Current Assets i.e., NanoVibronix's Other Current Assets and Inventory go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Inventory
Most indicators from NanoVibronix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoVibronix 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 NanoVibronix. 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. For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.At this time, NanoVibronix's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 0.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 770K | 167K | 1.5M | 1.6M | Total Revenue | 1.7M | 752K | 2.3M | 2.4M |
NanoVibronix fundamental ratios Correlations
Click cells to compare fundamentals
NanoVibronix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NanoVibronix fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.0M | 8.2M | 8.6M | 5.9M | 6.7M | 3.7M | |
| Other Current Liab | 280K | 2.3M | 1.7M | 2.1M | 2.3M | 2.4M | |
| Total Current Liabilities | 409K | 2.9M | 1.9M | 2.3M | 2.5M | 1.8M | |
| Total Stockholder Equity | 1.3M | 2.4M | 6.3M | 3.2M | 4.0M | 4.2M | |
| Property Plant And Equipment Net | 4K | 35K | 54K | 88K | 12K | 11.4K | |
| Net Debt | (1.3M) | (7.1M) | (7.7M) | (2.6M) | (3.3M) | (3.1M) | |
| Retained Earnings | (38.3M) | (42.7M) | (56.9M) | (62.4M) | (66.1M) | (62.8M) | |
| Accounts Payable | 129K | 144K | 87K | 66K | 138K | 103.5K | |
| Cash | 1.3M | 7.1M | 7.7M | 2.7M | 3.3M | 2.6M | |
| Non Current Assets Total | 198K | 259K | 280K | 270K | 187K | 228.2K | |
| Non Currrent Assets Other | 194K | 200K | 207K | 179K | 174K | 205.0K | |
| Cash And Short Term Investments | 1.3M | 7.1M | 7.7M | 2.7M | 3.3M | 2.6M | |
| Net Receivables | 130K | 93K | 264K | 109K | 425K | 446.3K | |
| Common Stock Shares Outstanding | 347.0K | 514.9K | 1.3M | 1.4M | 1.8M | 1.8M | |
| Liabilities And Stockholders Equity | 2.0M | 8.2M | 8.6M | 5.9M | 6.7M | 3.7M | |
| Non Current Liabilities Total | 279K | 2.9M | 406K | 330K | 232.0K | 220.4K | |
| Other Current Assets | 249K | 590K | 166K | 9K | 47K | 44.7K | |
| Other Stockholder Equity | 39.7M | 45.0M | 63.2M | 65.6M | 70.1M | 36.5M | |
| Total Liab | 688K | 5.8M | 2.3M | 2.6M | 2.7M | 2.2M | |
| Property Plant And Equipment Gross | 4K | 4.0 | 54K | 88K | 12K | 11.4K | |
| Total Current Assets | 1.8M | 8.0M | 8.3M | 5.6M | 6.5M | 3.3M | |
| Accumulated Other Comprehensive Income | (54K) | 66K | 60K | (18K) | (67K) | (70.4K) | |
| Inventory | 121K | 145K | 175K | 2.2M | 2.7M | 2.9M | |
| Other Liab | 279K | 2.9M | 406K | 330K | 297K | 282.2K | |
| Other Assets | 194K | 255.0 | 208K | 179K | 161.1K | 216.3K | |
| Net Tangible Assets | 1.3M | 2.4M | 6.3M | 3.2M | 3.7M | 3.9M | |
| Capital Surpluse | 32.0M | 33.0M | 39.7M | 45.0M | 51.7M | 31.5M | |
| Retained Earnings Total Equity | (28.4M) | (32.6M) | (38.3M) | (42.7M) | (38.4M) | (40.3M) | |
| Non Current Liabilities Other | 434K | 477K | 279K | 462K | 415.8K | 796.7K | |
| Net Invested Capital | 1.3M | 2.4M | 6.3M | 3.2M | 4.0M | 3.4M | |
| Net Working Capital | 1.4M | 5.1M | 6.4M | 3.3M | 4.0M | 3.9M | |
| Capital Stock | 9K | 24K | 28K | 2K | 1.8K | 1.7K |
Pair Trading with NanoVibronix
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 NanoVibronix 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 NanoVibronix will appreciate offsetting losses from the drop in the long position's value.Moving against NanoVibronix Stock
| 0.74 | GCTK | GlucoTrack | PairCorr |
| 0.71 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.63 | RMD | ResMed Inc Financial Report 1st of August 2024 | PairCorr |
The ability to find closely correlated positions to NanoVibronix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NanoVibronix 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 NanoVibronix - 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 NanoVibronix to buy it.
The correlation of NanoVibronix 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 NanoVibronix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NanoVibronix 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 NanoVibronix 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoVibronix. 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. For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running NanoVibronix's price analysis, check to measure NanoVibronix'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 NanoVibronix is operating at the current time. Most of NanoVibronix's value examination focuses on studying past and present price action to predict the probability of NanoVibronix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NanoVibronix's price. Additionally, you may evaluate how the addition of NanoVibronix to your portfolios can decrease your overall portfolio volatility.
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Is NanoVibronix'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 NanoVibronix. If investors know NanoVibronix 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 NanoVibronix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.12) | Revenue Per Share 1.304 | Quarterly Revenue Growth 3.722 | Return On Assets (0.31) | Return On Equity (1.03) |
The market value of NanoVibronix is measured differently than its book value, which is the value of NanoVibronix that is recorded on the company's balance sheet. Investors also form their own opinion of NanoVibronix's value that differs from its market value or its book value, called intrinsic value, which is NanoVibronix'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 NanoVibronix's market value can be influenced by many factors that don't directly affect NanoVibronix'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 NanoVibronix's value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoVibronix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoVibronix'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.