Notable Other Current Liab vs Short Term Debt Analysis
| NTBL Stock | 0.40 0.01 2.56% |
Notable Labs financial indicator trend analysis is infinitely more than just investigating Notable Labs recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Notable Labs is a good investment. Please check the relationship between Notable Labs Other Current Liab and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Notable Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Notable Stock please use our How to buy in Notable Stock guide.
Other Current Liab vs Short Term Debt
Other Current Liab vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Notable Labs Other Current Liab account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Notable Labs' Other Current Liab and Short Term Debt is 0.82. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Notable Labs, assuming nothing else is changed. The correlation between historical values of Notable Labs' Other Current Liab and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Notable Labs are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Other Current Liab i.e., Notable Labs' Other Current Liab and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Current Liab
Short Term Debt
Most indicators from Notable Labs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Notable Labs 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 Notable Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Notable Stock please use our How to buy in Notable Stock guide.At this time, Notable Labs' Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 0.31 this year, although the value of Selling General Administrative will most likely fall to about 7.7 M.
| 2023 | 2024 (projected) | Interest Expense | 94.5K | 115.6K | Depreciation And Amortization | 257K | 244.2K |
Notable Labs fundamental ratios Correlations
Click cells to compare fundamentals
Notable Labs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether Notable Labs is a strong investment it is important to analyze Notable Labs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Notable Labs' future performance. For an informed investment choice regarding Notable Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Notable Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Notable Stock please use our How to buy in Notable Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Biotechnology space 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 Notable Labs. If investors know Notable 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 Notable Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.09) | Revenue Per Share 0.042 | Return On Assets (1.06) | Return On Equity (4.64) |
The market value of Notable Labs is measured differently than its book value, which is the value of Notable that is recorded on the company's balance sheet. Investors also form their own opinion of Notable Labs' value that differs from its market value or its book value, called intrinsic value, which is Notable Labs' 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 Notable Labs' market value can be influenced by many factors that don't directly affect Notable Labs' 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 Notable Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Notable Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Notable Labs' 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.