DNOW Stock | | | USD 11.83 0.19 1.63% |
Now financial indicator trend analysis is infinitely more than just investigating Now Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Now Inc is a good investment. Please check the relationship between Now Capital Surpluse and its Good Will accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Capital Surpluse vs Good Will
Capital Surpluse vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Now Inc Capital Surpluse account and
Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Now's Capital Surpluse and Good Will is -0.53. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Good Will in the same time period over historical financial statements of Now Inc, assuming nothing else is changed. The correlation between historical values of Now's Capital Surpluse and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Now Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Capital Surpluse i.e., Now's Capital Surpluse and Good Will go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Surpluse
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Now's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Now Inc 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
At this time, Now's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 1.6
B in 2024, despite the fact that
Tax Provision is likely to grow to (104.5
M).
Now fundamental ratios Correlations
Click cells to compare fundamentals
Now Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Now fundamental ratios Accounts
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predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.