Nortech Cash Conversion Cycle from 2010 to 2024
| NSYS Stock | USD 11.66 0.12 1.02% |
Cash Conversion Cycle | First Reported 2010-12-31 | Previous Quarter 106.45233922 | Current Value 105.88 | Quarterly Volatility 11.95917568 |
Check Nortech Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nortech main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 M, Interest Expense of 579 K or Total Revenue of 92.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0 or PTB Ratio of 1.12. Nortech financial statements analysis is a perfect complement when working with Nortech Systems Valuation or Volatility modules.
Nortech | Cash Conversion Cycle |
Latest Nortech Systems' Cash Conversion Cycle Growth Pattern
Below is the plot of the Cash Conversion Cycle of Nortech Systems Incorporated over the last few years. It is Nortech Systems' Cash Conversion Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nortech Systems' overall financial position and show how it may be relating to other accounts over time.
| Cash Conversion Cycle | 10 Years Trend |
|
Cash Conversion Cycle |
| Timeline |
Nortech Cash Conversion Cycle Regression Statistics
| Arithmetic Mean | 89.62 | |
| Geometric Mean | 88.93 | |
| Coefficient Of Variation | 13.34 | |
| Mean Deviation | 9.97 | |
| Median | 83.69 | |
| Standard Deviation | 11.96 | |
| Sample Variance | 143.02 | |
| Range | 36.9051 | |
| R-Value | 0.73 | |
| Mean Square Error | 72.67 | |
| R-Squared | 0.53 | |
| Significance | 0 | |
| Slope | 1.94 | |
| Total Sum of Squares | 2,002 |
Nortech Cash Conversion Cycle History
About Nortech Systems Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Nortech Systems income statement, its balance sheet, and the statement of cash flows. Nortech Systems investors use historical funamental indicators, such as Nortech Systems's Cash Conversion Cycle, to determine how well the company is positioned to perform in the future. Although Nortech Systems investors may use each financial statement separately, they are all related. The changes in Nortech Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nortech Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Nortech Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Nortech Systems. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash Conversion Cycle | 106.45 | 105.88 |
Pair Trading with Nortech Systems
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 Nortech Systems 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 Nortech Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Nortech Stock
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Moving against Nortech Stock
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| 0.69 | RGTI | Rigetti Computing | PairCorr |
| 0.67 | IONQ | IONQ Inc | PairCorr |
| 0.61 | RDCM | Radcom | PairCorr |
The ability to find closely correlated positions to Nortech Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nortech Systems 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 Nortech Systems - 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 Nortech Systems Incorporated to buy it.
The correlation of Nortech Systems 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 Nortech Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nortech Systems 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 Nortech Systems 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 the analysis of Nortech Systems Correlation against competitors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Nortech Stock analysis
When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.
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Is Nortech Systems' 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 Nortech Systems. If investors know Nortech 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 Nortech Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Earnings Share 2.38 | Revenue Per Share 51.185 | Quarterly Revenue Growth 0.012 | Return On Assets 0.0514 |
The market value of Nortech Systems is measured differently than its book value, which is the value of Nortech that is recorded on the company's balance sheet. Investors also form their own opinion of Nortech Systems' value that differs from its market value or its book value, called intrinsic value, which is Nortech Systems' 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 Nortech Systems' market value can be influenced by many factors that don't directly affect Nortech Systems' 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 Nortech Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortech Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortech Systems' 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.