CVX Stock | | | USD 159.60 1.16 0.72% |
Chevron Corp financial indicator trend analysis is way more than just evaluating Chevron Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron Corp is a good investment. Please check the relationship between Chevron Corp Ev To Free Cash Flow and its Free Cash Flow Yield accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron 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 real.
For more information on how to buy Chevron Stock please use our
How to Invest in Chevron Corp guide.
Ev To Free Cash Flow vs Free Cash Flow Yield
Ev To Free Cash Flow vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chevron Corp Ev To Free Cash Flow account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.
The correlation between Chevron Corp's Ev To Free Cash Flow and Free Cash Flow Yield is 0.38. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Chevron Corp, assuming nothing else is changed. The correlation between historical values of Chevron Corp's Ev To Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Chevron Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ev To Free Cash Flow i.e., Chevron Corp's Ev To Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Chevron Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chevron 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 Chevron 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 real.
For more information on how to buy Chevron Stock please use our
How to Invest in Chevron Corp guide.At this time, Chevron Corp's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 8.6
B in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 5.13 in 2024.
Chevron Corp fundamental ratios Correlations
Click cells to compare fundamentals
Chevron Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chevron Corp fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Chevron Stock Analysis
When running Chevron Corp's price analysis, check to
measure Chevron Corp'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 Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to
predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.