NeoVolta Net Invested Capital vs Common Stock Total Equity Analysis

NEOV Stock

USD 2.45 0.05 2.08%

NeoVolta Common financial indicator trend analysis is infinitely more than just investigating NeoVolta Common Stock recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NeoVolta Common Stock is a good investment. Please check the relationship between NeoVolta Common Net Invested Capital and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoVolta Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Net Invested Capital vs Common Stock Total Equity

Net Invested Capital vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NeoVolta Common Stock Net Invested Capital account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between NeoVolta Common's Net Invested Capital and Common Stock Total Equity is -0.54. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of NeoVolta Common Stock, assuming nothing else is changed. The correlation between historical values of NeoVolta Common's Net Invested Capital and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of NeoVolta Common Stock are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Net Invested Capital i.e., NeoVolta Common's Net Invested Capital and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from NeoVolta Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NeoVolta Common Stock 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 NeoVolta Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, NeoVolta Common's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 4.6 M in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (42.64).

	2021	2022	2023	2024 (projected)
Gross Profit	667.1K	688.0K	791.2K	616.4K
Total Revenue	4.5M	3.5M	4.0M	4.1M

Gross Profit Total Revenue

NeoVolta Common fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Total Current Assets	Common Stock	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Receivables	Long Term Debt	Net Invested Capital	Capital Stock	Net Working Capital	Common Stock Total Equity	Retained Earnings Total Equity
Total Current Liabilities		0.06	-0.41	0.23	0.21	-0.09	0.4	0.93	-0.39	0.76	0.95	-0.55	-0.55	0.25	0.74	0.34	0.82	0.31	1.0	0.28	0.46	0.0	-0.01	-0.2	0.09	-0.09
Net Tangible Assets	0.06		-0.85	0.93	0.97	0.61	0.82	0.37	0.51	0.37	-0.21	-0.61	-0.61	0.85	0.05	0.84	0.38	0.8	0.03	0.83	0.75	0.8	0.81	0.75	-0.69	0.69
Retained Earnings	-0.41	-0.85		-0.86	-0.94	-0.61	-0.93	-0.68	-0.4	-0.63	-0.17	0.77	0.77	-0.94	-0.23	-0.95	-0.55	-0.94	-0.39	-0.96	-0.91	-0.8	-0.8	-0.69	0.54	-0.56
Total Current Assets	0.23	0.93	-0.86		0.92	0.65	0.78	0.47	0.51	0.52	-0.02	-0.65	-0.65	0.91	0.22	0.91	0.45	0.88	0.21	0.87	0.82	0.81	0.81	0.75	-0.42	0.59
Common Stock	0.21	0.97	-0.94	0.92		0.6	0.9	0.53	0.46	0.51	-0.06	-0.73	-0.73	0.91	0.15	0.92	0.48	0.88	0.19	0.91	0.83	0.82	0.82	0.74	-0.69	0.69
Total Assets	-0.09	0.61	-0.61	0.65	0.6		0.7	0.09	0.95	-0.1	-0.3	-0.03	-0.03	0.74	-0.38	0.72	0.09	0.79	-0.11	0.76	0.79	0.95	0.94	0.95	-0.41	0.72
Short Long Term Debt Total	0.4	0.82	-0.93	0.78	0.9	0.7		0.67	0.48	0.44	0.13	-0.6	-0.6	0.86	0.12	0.9	0.63	0.89	0.38	0.89	0.95	0.84	0.84	0.71	-0.69	0.68
Other Current Liab	0.93	0.37	-0.68	0.47	0.53	0.09	0.67		-0.22	0.83	0.8	-0.75	-0.75	0.51	0.68	0.6	0.88	0.55	0.93	0.54	0.67	0.25	0.25	0.05	-0.22	0.17
Total Stockholder Equity	-0.39	0.51	-0.4	0.51	0.46	0.95	0.48	-0.22		-0.33	-0.56	0.17	0.17	0.6	-0.57	0.54	-0.19	0.62	-0.42	0.6	0.57	0.86	0.86	0.93	-0.34	0.66
Net Debt	0.76	0.37	-0.63	0.52	0.51	-0.1	0.44	0.83	-0.33		0.66	-0.92	-0.92	0.54	0.85	0.58	0.71	0.5	0.75	0.5	0.47	0.15	0.14	0.0	0.0	0.01
Accounts Payable	0.95	-0.21	-0.17	-0.02	-0.06	-0.3	0.13	0.8	-0.56	0.66		-0.4	-0.4	-0.01	0.67	0.08	0.62	0.07	0.95	0.05	0.2	-0.26	-0.27	-0.43	0.28	-0.29
Cash	-0.55	-0.61	0.77	-0.65	-0.73	-0.03	-0.6	-0.75	0.17	-0.92	-0.4		1.0	-0.68	-0.68	-0.7	-0.65	-0.61	-0.55	-0.64	-0.55	-0.33	-0.33	-0.2	0.35	-0.28
Cash And Short Term Investments	-0.55	-0.61	0.77	-0.65	-0.73	-0.03	-0.6	-0.75	0.17	-0.92	-0.4	1.0		-0.68	-0.68	-0.7	-0.65	-0.61	-0.55	-0.64	-0.55	-0.33	-0.33	-0.2	0.35	-0.28
Common Stock Shares Outstanding	0.25	0.85	-0.94	0.91	0.91	0.74	0.86	0.51	0.6	0.54	-0.01	-0.68	-0.68		0.17	0.99	0.44	0.98	0.22	0.98	0.91	0.91	0.9	0.84	-0.46	0.66
Non Current Liabilities Total	0.74	0.05	-0.23	0.22	0.15	-0.38	0.12	0.68	-0.57	0.85	0.67	-0.68	-0.68	0.17		0.24	0.77	0.11	0.75	0.08	0.17	-0.19	-0.2	-0.32	0.21	-0.21
Inventory	0.34	0.84	-0.95	0.91	0.92	0.72	0.9	0.6	0.54	0.58	0.08	-0.7	-0.7	0.99	0.24		0.55	0.98	0.32	0.97	0.94	0.89	0.89	0.8	-0.48	0.66
Other Current Assets	0.82	0.38	-0.55	0.45	0.48	0.09	0.63	0.88	-0.19	0.71	0.62	-0.65	-0.65	0.44	0.77	0.55		0.43	0.82	0.4	0.61	0.24	0.24	0.06	-0.24	0.19
Other Stockholder Equity	0.31	0.8	-0.94	0.88	0.88	0.79	0.89	0.55	0.62	0.5	0.07	-0.61	-0.61	0.98	0.11	0.98	0.43		0.29	0.99	0.95	0.92	0.91	0.84	-0.44	0.66
Total Liab	1.0	0.03	-0.39	0.21	0.19	-0.11	0.38	0.93	-0.42	0.75	0.95	-0.55	-0.55	0.22	0.75	0.32	0.82	0.29		0.26	0.44	-0.03	-0.03	-0.22	0.11	-0.11
Net Receivables	0.28	0.83	-0.96	0.87	0.91	0.76	0.89	0.54	0.6	0.5	0.05	-0.64	-0.64	0.98	0.08	0.97	0.4	0.99	0.26		0.93	0.91	0.91	0.83	-0.5	0.67
Long Term Debt	0.46	0.75	-0.91	0.82	0.83	0.79	0.95	0.67	0.57	0.47	0.2	-0.55	-0.55	0.91	0.17	0.94	0.61	0.95	0.44	0.93		0.88	0.88	0.77	-0.47	0.64
Net Invested Capital	0.0	0.8	-0.8	0.81	0.82	0.95	0.84	0.25	0.86	0.15	-0.26	-0.33	-0.33	0.91	-0.19	0.89	0.24	0.92	-0.03	0.91	0.88		1.0	0.98	-0.54	0.77
Capital Stock	-0.01	0.81	-0.8	0.81	0.82	0.94	0.84	0.25	0.86	0.14	-0.27	-0.33	-0.33	0.9	-0.2	0.89	0.24	0.91	-0.03	0.91	0.88	1.0		0.98	-0.56	0.79
Net Working Capital	-0.2	0.75	-0.69	0.75	0.74	0.95	0.71	0.05	0.93	0.0	-0.43	-0.2	-0.2	0.84	-0.32	0.8	0.06	0.84	-0.22	0.83	0.77	0.98	0.98		-0.49	0.75
Common Stock Total Equity	0.09	-0.69	0.54	-0.42	-0.69	-0.41	-0.69	-0.22	-0.34	0.0	0.28	0.35	0.35	-0.46	0.21	-0.48	-0.24	-0.44	0.11	-0.5	-0.47	-0.54	-0.56	-0.49		-0.8
Retained Earnings Total Equity	-0.09	0.69	-0.56	0.59	0.69	0.72	0.68	0.17	0.66	0.01	-0.29	-0.28	-0.28	0.66	-0.21	0.66	0.19	0.66	-0.11	0.67	0.64	0.77	0.79	0.75	-0.8

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NeoVolta Common Account Relationship Matchups

NeoVolta Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	25.3K	94.2K	1.5M	39.5K	45.4K	43.1K
Net Tangible Assets	3.3M	3.1M	2.6M	6.5M	7.4M	7.8M
Retained Earnings	(2.4M)	(10.0M)	(15.8M)	(18.4M)	(16.6M)	(15.8M)
Total Current Assets	3.4M	3.3M	4.1M	6.5M	7.5M	4.0M
Common Stock	14.4K	19.6K	22.0K	33.2K	38.1K	40.0K
Total Assets	3.4M	3.3M	4.1M	6.5M	7.5M	4.7M
Other Current Liab	21.6K	40.7K	180.8K	39.5K	45.4K	64.6K
Total Stockholder Equity	3.3M	3.1M	2.6M	6.5M	7.4M	4.3M
Net Debt	(1.3M)	(406.4K)	791.3K	(2.0M)	(2.3M)	(2.4M)
Cash	1.3M	425.7K	330.4K	2.0M	1.8M	1.2M
Cash And Short Term Investments	1.3M	425.7K	330.4K	2.0M	1.8M	1.2M
Common Stock Shares Outstanding	12.4M	17.9M	20.6M	32.0M	36.8M	19.2M
Liabilities And Stockholders Equity	3.4M	3.3M	4.1M	6.5M	7.5M	4.7M
Inventory	1.6M	1.7M	2.2M	2.6M	3.0M	2.0M
Other Current Assets	150.0K	45.9K	239.0K	96.1K	110.5K	132.5K
Other Stockholder Equity	5.7M	13.2M	18.4M	24.9M	28.6M	14.8M
Total Liab	69.3K	113.6K	1.5M	39.5K	45.4K	43.1K

Pair Trading with NeoVolta Common

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 NeoVolta Common 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 NeoVolta Common will appreciate offsetting losses from the drop in the long position's value.

Moving together with NeoVolta Stock

0.67	BE	Bloom Energy Corp	Pair Corr
0.88	ROBOF	RoboGroup TEK	Pair Corr

Moving against NeoVolta Stock

0.87	EVRC	Evercel	Pair Corr
0.86	ELVA	Electrovaya Common Shares Earnings Call Tomorrow	Pair Corr
0.86	EOSE	Eos Energy Enterprises Earnings Call Tomorrow	Pair Corr
0.79	EPOW	Sunrise New Energy	Pair Corr
0.74	FCEL	FuelCell Energy Financial Report 13th of June 2024	Pair Corr

The ability to find closely correlated positions to NeoVolta Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoVolta Common 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 NeoVolta Common - 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 NeoVolta Common Stock to buy it.

The correlation of NeoVolta Common 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 NeoVolta Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoVolta Common Stock 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 NeoVolta Common 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.

Pair Correlation Correlation Matching

Additional Tools for NeoVolta Stock Analysis

When running NeoVolta Common's price analysis, check to measure NeoVolta Common'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 NeoVolta Common is operating at the current time. Most of NeoVolta Common's value examination focuses on studying past and present price action to predict the probability of NeoVolta Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeoVolta Common's price. Additionally, you may evaluate how the addition of NeoVolta Common to your portfolios can decrease your overall portfolio volatility.

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