Ziprecruiter Roic vs Free Cash Flow Yield Analysis
ZIP Stock | USD 9.11 0.45 4.71% |
Ziprecruiter financial indicator trend analysis is more than just analyzing Ziprecruiter current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ziprecruiter is a good investment. Please check the relationship between Ziprecruiter Roic and its Free Cash Flow Yield accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ziprecruiter. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Ziprecruiter Stock, please use our How to Invest in Ziprecruiter guide.
Roic vs Free Cash Flow Yield
Roic vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ziprecruiter Roic account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ziprecruiter's Roic and Free Cash Flow Yield is -0.16. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Ziprecruiter, assuming nothing else is changed. The correlation between historical values of Ziprecruiter's Roic and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Ziprecruiter are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Roic i.e., Ziprecruiter's Roic and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.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.Most indicators from Ziprecruiter's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ziprecruiter 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 Ziprecruiter. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Ziprecruiter Stock, please use our How to Invest in Ziprecruiter guide.As of 11/17/2024, Tax Provision is likely to grow to about 23.2 M, while Selling General Administrative is likely to drop slightly above 94.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 14.9M | 10.7M | 11.6M | 13.6M | Interest Income | 916K | 28.5M | 19.9M | 11.2M |
Ziprecruiter fundamental ratios Correlations
Click cells to compare fundamentals
Ziprecruiter Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Ziprecruiter
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ziprecruiter position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ziprecruiter will appreciate offsetting losses from the drop in the long position's value.Moving against Ziprecruiter Stock
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The ability to find closely correlated positions to Ziprecruiter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ziprecruiter when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ziprecruiter - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ziprecruiter to buy it.
The correlation of Ziprecruiter is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ziprecruiter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ziprecruiter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ziprecruiter can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ziprecruiter Stock Analysis
When running Ziprecruiter's price analysis, check to measure Ziprecruiter'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 Ziprecruiter is operating at the current time. Most of Ziprecruiter's value examination focuses on studying past and present price action to predict the probability of Ziprecruiter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ziprecruiter's price. Additionally, you may evaluate how the addition of Ziprecruiter to your portfolios can decrease your overall portfolio volatility.