NVent Change To Inventory vs Stock Based Compensation Analysis
NVT Stock | USD 82.36 0.22 0.27% |
NVent Electric financial indicator trend analysis is infinitely more than just investigating nVent Electric PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nVent Electric PLC is a good investment. Please check the relationship between NVent Electric Change To Inventory and its Stock Based Compensation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Change To Inventory vs Stock Based Compensation
Change To Inventory vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nVent Electric PLC Change To Inventory account and Stock Based Compensation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NVent Electric's Change To Inventory and Stock Based Compensation is -0.41. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of nVent Electric PLC, assuming nothing else is changed. The correlation between historical values of NVent Electric's Change To Inventory and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of nVent Electric PLC are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change To Inventory i.e., NVent Electric's Change To Inventory and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most indicators from NVent Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nVent Electric PLC 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 nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. Issuance Of Capital Stock is likely to gain to about 11.3 M in 2024, whereas Tax Provision is likely to drop slightly above 57.3 M in 2024.
2021 | 2023 | 2024 (projected) | Interest Income | 32.3M | 35.9M | 24.5M | Tax Provision | 47.8M | 90M | 57.3M |
NVent Electric fundamental ratios Correlations
Click cells to compare fundamentals
NVent Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NVent Electric fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.6B | 4.4B | 4.7B | 4.9B | 6.2B | 5.3B | |
Other Current Liab | 243.9M | 247.6M | 352.5M | 359.7M | 373.3M | 248.2M | |
Total Current Liabilities | 462.2M | 450M | 636.3M | 649.5M | 733.6M | 545.6M | |
Total Stockholder Equity | 2.6B | 2.4B | 2.5B | 2.7B | 3.1B | 2.4B | |
Other Liab | 504.8M | 578.3M | 547.6M | 389.1M | 350.2M | 442.4M | |
Net Tangible Assets | (847.1M) | 2.4B | (834.4M) | (512.5M) | (461.3M) | (438.2M) | |
Accounts Payable | 187.1M | 171.1M | 261M | 252.1M | 275.7M | 219.5M | |
Cash | 106.4M | 122.5M | 49.5M | 297.5M | 185.1M | 121.1M | |
Other Assets | 73.3M | 110M | 141.1M | 63.2M | 72.7M | 106.0M | |
Cash And Short Term Investments | 106.4M | 122.5M | 49.5M | 297.5M | 185.1M | 121.1M | |
Net Receivables | 334.3M | 313.8M | 438.1M | 472.5M | 633.6M | 456.8M | |
Good Will | 2.3B | 2.1B | 2.2B | 2.2B | 2.6B | 2.5B | |
Common Stock Shares Outstanding | 173M | 169.6M | 169.7M | 168.3M | 168.2M | 139.1M | |
Inventory | 244.7M | 235.2M | 321.9M | 346.7M | 441.3M | 299.6M | |
Other Current Assets | 113.3M | 92.9M | 102M | 112.5M | 76.1M | 76.6M | |
Other Stockholder Equity | 2.5B | 2.5B | 2.4B | 2.4B | 2.3B | 2.3B | |
Total Liab | 2.0B | 2.0B | 2.2B | 2.2B | 3.0B | 2.0B | |
Total Current Assets | 798.7M | 764.4M | 911.5M | 1.2B | 1.3B | 968.8M | |
Intangible Assets | 1.2B | 1.1B | 1.1B | 1.1B | 1.5B | 985.8M | |
Property Plant Equipment | 328.7M | 289.4M | 291.1M | 365.6M | 420.4M | 315.4M | |
Property Plant And Equipment Net | 284.5M | 289.4M | 291.1M | 289.2M | 508.7M | 337.4M | |
Current Deferred Revenue | 13.7M | 11.3M | 17.8M | 22.7M | 27.1M | 16.8M | |
Net Debt | 958.2M | 825.5M | 949.7M | 785.7M | 1.7B | 1.8B | |
Non Current Assets Total | 3.8B | 3.6B | 3.8B | 3.7B | 4.8B | 4.3B | |
Non Currrent Assets Other | 117.5M | 108.6M | 141.1M | 139.6M | 49.6M | 88.8M | |
Long Term Debt Total | 1.0B | 928M | 994.2M | 1.1B | 1.2B | 780.5M | |
Liabilities And Stockholders Equity | 4.6B | 4.4B | 4.7B | 4.9B | 6.2B | 5.3B | |
Non Current Liabilities Total | 1.6B | 1.5B | 1.5B | 1.5B | 2.3B | 1.5B | |
Property Plant And Equipment Gross | 284.5M | 335M | 291.1M | 830.6M | 1.0B | 515.2M | |
Accumulated Other Comprehensive Income | (98.6M) | (95.2M) | (83.2M) | (99.6M) | (104M) | (109.2M) | |
Non Current Liabilities Other | 10.6M | 348.2M | 129.2M | 124.7M | 33.8M | 32.1M | |
Cash And Equivalents | 106.4M | 122.5M | 49.5M | 297.5M | 342.1M | 359.2M | |
Short Term Debt | 17.5M | 20M | 5M | 15M | 57.5M | 40.3M | |
Long Term Debt | 1.0B | 928M | 994.2M | 1.1B | 1.7B | 1.1B | |
Net Invested Capital | 3.7B | 3.4B | 999.2M | 1.1B | 4.9B | 5.2B | |
Net Working Capital | 336.5M | 314.4M | 275.2M | 579.7M | 602.5M | 445.5M | |
Short Long Term Debt Total | 1.1B | 948M | 999.2M | 1.1B | 1.9B | 1.3B | |
Retained Earnings | 186.7M | 20.7M | 174.5M | 457.3M | 905.3M | 950.6M |
Pair Trading with NVent Electric
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 NVent Electric 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 NVent Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with NVent Stock
0.83 | BE | Bloom Energy Corp Trending | PairCorr |
0.74 | ROBOF | RoboGroup TEK | PairCorr |
Moving against NVent Stock
0.7 | ELVA | Electrovaya Common Shares | PairCorr |
0.66 | FCEL | FuelCell Energy Financial Report 13th of June 2024 | PairCorr |
0.6 | EPOW | Sunrise New Energy | PairCorr |
0.58 | EOSE | Eos Energy Enterprises | PairCorr |
0.58 | EVRC | Evercel | PairCorr |
The ability to find closely correlated positions to NVent Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVent Electric 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 NVent Electric - 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 nVent Electric PLC to buy it.
The correlation of NVent Electric 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 NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC 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 NVent Electric 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 nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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Is NVent Electric'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 NVent Electric. If investors know NVent 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 NVent Electric 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 0.107 | Dividend Share 0.73 | Earnings Share 3.43 | Revenue Per Share 20.511 | Quarterly Revenue Growth 0.181 |
The market value of nVent Electric PLC is measured differently than its book value, which is the value of NVent that is recorded on the company's balance sheet. Investors also form their own opinion of NVent Electric's value that differs from its market value or its book value, called intrinsic value, which is NVent Electric'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 NVent Electric's market value can be influenced by many factors that don't directly affect NVent Electric'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 NVent Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVent Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVent Electric'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.