ROKU Stock | | | USD 69.03 1.32 1.95% |
Roku financial indicator trend analysis is much more than just breaking down Roku Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roku Inc is a good investment. Please check the relationship between Roku Other Assets and its Non Current Liabilities Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roku 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 industry.
Other Assets vs Non Current Liabilities Total
Other Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Roku Inc Other Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Roku's Other Assets and Non Current Liabilities Total is 0.57. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Roku Inc, assuming nothing else is changed. The correlation between historical values of Roku's Other Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Roku Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Assets i.e., Roku's Other Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Assets
Non Current Liabilities Total
Most indicators from Roku's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roku 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roku 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 industry.
At this time, Roku's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 423.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Roku fundamental ratios Correlations
Click cells to compare fundamentals
Roku Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Roku fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Roku Stock Analysis
When running Roku's price analysis, check to
measure Roku'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 Roku is operating at the current time. Most of Roku's value examination focuses on studying past and present price action to
predict the probability of Roku's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roku's price. Additionally, you may evaluate how the addition of Roku to your portfolios can decrease your overall portfolio volatility.