CBT Stock | | | USD 110.09 1.07 0.98% |
Cabot financial indicator trend analysis is way more than just evaluating Cabot prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cabot is a good investment. Please check the relationship between Cabot Accumulated Depreciation and its Treasury Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cabot. 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 Cabot Stock please use our
How to Invest in Cabot guide.
Accumulated Depreciation vs Treasury Stock
Accumulated Depreciation vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cabot Accumulated Depreciation account and
Treasury Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cabot's Accumulated Depreciation and Treasury Stock is -0.58. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Cabot, assuming nothing else is changed. The correlation between historical values of Cabot's Accumulated Depreciation and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Cabot are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Accumulated Depreciation i.e., Cabot's Accumulated Depreciation and Treasury Stock go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Cabot fixed asset that has been charged to Cabot expense since that asset was acquired and made available for Cabot use. The accumulated depreciation account is Cabot asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Cabot.
Treasury Stock
Most indicators from Cabot's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cabot 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cabot. 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 Cabot Stock please use our
How to Invest in Cabot guide.At this time, Cabot's
Issuance Of Capital Stock is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 4.46 in 2024, despite the fact that
Tax Provision is likely to grow to (30.6
M).
Cabot fundamental ratios Correlations
Click cells to compare fundamentals
Cabot Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cabot fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Cabot Stock Analysis
When running Cabot's price analysis, check to
measure Cabot'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 Cabot is operating at the current time. Most of Cabot's value examination focuses on studying past and present price action to
predict the probability of Cabot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cabot's price. Additionally, you may evaluate how the addition of Cabot to your portfolios can decrease your overall portfolio volatility.