| RCKY Stock | | | USD 22.13 0.53 2.45% |
Rocky Brands financial indicator trend analysis is much more than just breaking down Rocky Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocky Brands is a good investment. Please check the relationship between Rocky Brands Net Invested Capital and its Short Long Term Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
For more information on how to buy Rocky Stock please use our
How to Invest in Rocky Brands guide.
Net Invested Capital vs Short Long Term Debt
Net Invested Capital vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rocky Brands Net Invested Capital account and
Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Rocky Brands' Net Invested Capital and Short Long Term Debt is -0.54. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Rocky Brands, assuming nothing else is changed. The correlation between historical values of Rocky Brands' Net Invested Capital and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Rocky Brands are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Invested Capital i.e., Rocky Brands' Net Invested Capital and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Most indicators from Rocky Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocky Brands 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
For more information on how to buy Rocky Stock please use our
How to Invest in Rocky Brands guide.At this time, Rocky Brands'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas
Selling General Administrative is likely to drop slightly above 59.6
M in 2024.
Rocky Brands fundamental ratios Correlations
Click cells to compare fundamentals
Rocky Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rocky Brands fundamental ratios Accounts
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Additional Tools for Rocky Stock Analysis
When running Rocky Brands' price analysis, check to
measure Rocky Brands' 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 Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to
predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.