Nortech Total Current Assets vs Retained Earnings 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 Total Current Assets and its Retained Earnings 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.
Total Current Assets vs Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nortech Systems' Total Current Assets and Retained Earnings is 0.69. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings 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' Total Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Nortech Systems Incorporated are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., Nortech Systems' Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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.Moving together with Nortech Stock
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Moving against Nortech Stock
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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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 0.13 | 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.