Northstar Intangible Assets vs Total Assets Analysis
| ROOF Stock | 0.21 0.01 4.55% |
Northstar Clean financial indicator trend analysis is infinitely more than just investigating Northstar Clean Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northstar Clean Tech is a good investment. Please check the relationship between Northstar Clean Intangible Assets and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Intangible Assets vs Total Assets
Intangible Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northstar Clean Tech Intangible Assets account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Northstar Clean's Intangible Assets and Total Assets is 0.85. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Northstar Clean Technologies, assuming nothing else is changed. The correlation between historical values of Northstar Clean's Intangible Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Northstar Clean Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Intangible Assets i.e., Northstar Clean's Intangible Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Total Assets
Total assets refers to the total amount of Northstar Clean assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Northstar Clean Tech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Northstar Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northstar Clean Tech 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. Selling General Administrative is likely to drop to about 4.3 M in 2024. Tax Provision is likely to drop to about (274.9 K) in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 462.0K | 1.1M | 1.1M | 820.0K | Total Operating Expenses | 6.8M | 8.1M | 6.6M | 7.7M |
Northstar Clean fundamental ratios Correlations
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Northstar Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Northstar Stock Analysis
When running Northstar Clean's price analysis, check to measure Northstar Clean's 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 Northstar Clean is operating at the current time. Most of Northstar Clean's value examination focuses on studying past and present price action to predict the probability of Northstar Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northstar Clean's price. Additionally, you may evaluate how the addition of Northstar Clean to your portfolios can decrease your overall portfolio volatility.