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 Retained Earnings and its Total Liab 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.
Retained Earnings vs Total Liab
Retained Earnings vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Now Inc Retained Earnings account and
Total Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Now's Retained Earnings and Total Liab is 0.14. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Liab 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 Retained Earnings and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Now Inc are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Retained Earnings i.e., Now's Retained Earnings and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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
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 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.