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 Pocfratio and its Price To Sales Ratio 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.
Pocfratio vs Price To Sales Ratio
Pocfratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Now Inc Pocfratio account and
Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Now's Pocfratio and Price To Sales Ratio is -0.67. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Price To Sales Ratio 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 Pocfratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of Now Inc are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Pocfratio i.e., Now's Pocfratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.67 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Pocfratio
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Now Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Now sales, a figure that is much harder to manipulate than other Now Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
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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Additional Tools for Now Stock Analysis
When running Now's price analysis, check to
measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to
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.