WST Stock | | | USD 331.40 0.00 0.00% |
West Pharmaceutical financial indicator trend analysis is more than just analyzing West Pharmaceutical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether West Pharmaceutical is a good investment. Please check the relationship between West Pharmaceutical Other Stockholder Equity and its Cash And Short Term Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Pharmaceutical Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Other Stockholder Equity vs Cash And Short Term Investments
Other Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
West Pharmaceutical Other Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between West Pharmaceutical's Other Stockholder Equity and Cash And Short Term Investments is -0.71. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of West Pharmaceutical Services, assuming nothing else is changed. The correlation between historical values of West Pharmaceutical's Other Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of West Pharmaceutical Services are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., West Pharmaceutical's Other Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.71 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of West Pharmaceutical balance sheet. This account contains West Pharmaceutical investments that will expire within one year. These investments include stocks and bonds that can be liquidated by West Pharmaceutical Services fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from West Pharmaceutical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into West Pharmaceutical 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Pharmaceutical Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, West Pharmaceutical's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 31.87 in 2024, whereas
Enterprise Value is likely to drop slightly above 252.4
M in 2024.
West Pharmaceutical fundamental ratios Correlations
Click cells to compare fundamentals
West Pharmaceutical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
West Pharmaceutical fundamental ratios Accounts
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