STX Stock | | | USD 87.31 0.23 0.26% |
Seagate Technology financial indicator trend analysis is much more than just breaking down Seagate Technology PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seagate Technology PLC is a good investment. Please check the relationship between Seagate Technology Free Cash Flow Yield and its Cash Per Share accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Free Cash Flow Yield vs Cash Per Share
Free Cash Flow Yield vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Seagate Technology PLC Free Cash Flow Yield account and
Cash Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Seagate Technology's Free Cash Flow Yield and Cash Per Share is -0.38. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Seagate Technology PLC, assuming nothing else is changed. The correlation between historical values of Seagate Technology's Free Cash Flow Yield and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Seagate Technology PLC are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Free Cash Flow Yield i.e., Seagate Technology's Free Cash Flow Yield and Cash Per Share go up and down completely randomly.
Correlation Coefficient | -0.38 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Cash Per Share
Most indicators from Seagate Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seagate Technology PLC 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Seagate Technology's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 115.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 55.2
M in 2024.
Seagate Technology fundamental ratios Correlations
Click cells to compare fundamentals
Seagate Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Seagate Technology fundamental ratios Accounts
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