CNX Stock | | | USD 33.94 0.09 0.26% |
CNX Resources financial indicator trend analysis is way more than just evaluating CNX Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNX Resources Corp is a good investment. Please check the relationship between CNX Resources Cash and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CNX Resources Corp Cash account and
Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between CNX Resources' Cash and Total Assets is 0.24. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of CNX Resources Corp, assuming nothing else is changed. The correlation between historical values of CNX Resources' Cash 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 Cash of CNX Resources Corp 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 Cash i.e., CNX Resources' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of CNX Resources Corp, which is listed under current asset account on CNX Resources Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CNX Resources customers. The amounts must be unrestricted with restricted cash listed in a different CNX Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of CNX Resources 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 CNX Resources Corp 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 CNX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNX Resources Corp 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 CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to rise to about 142.4
M in 2024.
Discontinued Operations is likely to rise to about 102.7
M in 2024
CNX Resources fundamental ratios Correlations
Click cells to compare fundamentals
CNX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CNX Resources fundamental ratios Accounts
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Additional Tools for CNX Stock Analysis
When running CNX Resources' price analysis, check to
measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to
predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.