Nortech Net Invested Capital vs Net Receivables Analysis
NSYS Stock | USD 12.33 0.43 3.61% |
Nortech Systems financial indicator trend analysis is infinitely more than just investigating Nortech Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortech Systems is a good investment. Please check the relationship between Nortech Systems Net Invested Capital and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Net Invested Capital vs Net Receivables
Net Invested Capital vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Net Invested Capital account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nortech Systems' Net Invested Capital and Net Receivables is 0.57. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Nortech Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Nortech Systems' Net Invested Capital and Net Receivables 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 Nortech Systems Incorporated are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Invested Capital i.e., Nortech Systems' Net Invested Capital and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Receivables
Most indicators from Nortech Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortech Systems 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 Nortech Systems Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. At this time, Nortech Systems' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 8.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 430K | 411K | 487K | 579.0K | Depreciation And Amortization | 2.7M | 1.9M | 2.0M | 1.8M |
Nortech Systems fundamental ratios Correlations
Click cells to compare fundamentals
Nortech Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nortech Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.4M | 57.6M | 67.1M | 69.5M | 75.1M | 45.4M | |
Short Long Term Debt Total | 20.6M | 21.8M | 20.2M | 18.1M | 14.2M | 13.0M | |
Other Current Liab | 6.8M | (2.6M) | 8.0M | 3.3M | 5.2M | 3.3M | |
Total Current Liabilities | 22.2M | 11.2M | 22.3M | 23.0M | 26.6M | 16.7M | |
Total Stockholder Equity | 20.0M | 18.7M | 26.1M | 28.1M | 35.3M | 18.6M | |
Property Plant And Equipment Net | 14.4M | 15.4M | 14.8M | 14.3M | 13.4M | 9.8M | |
Net Debt | 20.3M | 21.4M | 19.6M | 17.0M | 12.5M | 12.5M | |
Retained Earnings | 4.2M | 2.7M | 9.8M | 11.8M | 18.7M | 19.6M | |
Accounts Payable | 14.0M | 11.2M | 12.7M | 14.8M | 15.9M | 9.3M | |
Cash | 351K | 352K | 643K | 1.0M | 1.7M | 1.8M | |
Non Current Assets Total | 18.1M | 16.6M | 15.3M | 14.7M | 16.3M | 11.3M | |
Non Currrent Assets Other | (18.1M) | (16.6M) | (15.3M) | (14.7M) | (1.0) | (1.05) | |
Cash And Short Term Investments | 351K | 352K | 643K | 1.0M | 1.7M | 1.8M | |
Net Receivables | 26.2M | 21.5M | 28.5M | 28.6M | 33.8M | 35.4M | |
Common Stock Shares Outstanding | 2.7M | 2.7M | 2.8M | 2.9M | 2.9M | 2.9M | |
Liabilities And Stockholders Equity | 61.4M | 57.6M | 67.1M | 69.5M | 75.1M | 45.4M | |
Non Current Liabilities Total | 19.2M | 27.7M | 18.7M | 18.5M | 13.2M | 10.0M | |
Inventory | 14.3M | 13.9M | 19.4M | 22.4M | 21.7M | 15.9M | |
Other Current Assets | 2.1M | 2.0M | 1.7M | 1.3M | 1.7M | 1.4M | |
Other Stockholder Equity | 15.7M | 15.8M | 16.0M | 16.3M | 16.9M | 16.9M | |
Total Liab | 41.4M | 38.9M | 41.0M | 41.5M | 39.8M | 26.8M | |
Total Current Assets | 43.3M | 41.0M | 51.8M | 54.9M | 58.8M | 34.0M | |
Short Term Debt | 1.4M | 2.6M | 1.6M | 1.5M | 1.4M | 1.3M | |
Intangible Assets | 1.3M | 1.2M | 501K | 422K | 263K | 249.9K | |
Property Plant And Equipment Gross | 14.4M | 6.4M | 39.0M | 14.3M | 40.4M | 42.4M | |
Accumulated Other Comprehensive Income | (257K) | (37K) | 56K | (370K) | (532K) | (558.6K) | |
Long Term Debt | 13.3M | 9.2M | 9.0M | 6.9M | 5.8M | 8.0M | |
Property Plant Equipment | 9.6M | 15.4M | 14.8M | 14.3M | 16.4M | 10.4M | |
Other Liab | 118K | 146K | 104K | 95K | 109.3K | 103.8K | |
Net Tangible Assets | 16.0M | 17.3M | 25.4M | 27.4M | 31.5M | 21.8M | |
Retained Earnings Total Equity | 3.9M | 5.4M | 4.2M | 2.7M | 2.4M | 4.1M | |
Long Term Debt Total | 14.1M | 13.8M | 13.3M | 9.2M | 10.6M | 10.6M | |
Capital Surpluse | 15.8M | 15.6M | 15.7M | 15.8M | 18.2M | 17.3M | |
Non Current Liabilities Other | 5.9M | 146K | 104K | 95K | 414K | 802.5K |
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.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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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.
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance |
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 0.13 | Earnings Share 2.41 | Revenue Per Share 50.703 | Quarterly Revenue Growth (0.02) | Return On Assets 0.052 |
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.