0HRR Stock | | | 19.46 0.40 2.10% |
CVR Energy financial indicator trend analysis is way more than just evaluating CVR Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVR Energy is a good investment. Please check the relationship between CVR Energy Property Plant And Equipment Net and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CVR Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy CVR Stock please use our
How to Invest in CVR Energy guide.
Property Plant And Equipment Net vs Cash
Property Plant And Equipment Net vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CVR Energy Property Plant And Equipment Net account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CVR Energy's Property Plant And Equipment Net and Cash is 0.48. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash in the same time period over historical financial statements of CVR Energy, assuming nothing else is changed. The correlation between historical values of CVR Energy's Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of CVR Energy are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., CVR Energy's Property Plant And Equipment Net and Cash go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Cash
Cash refers to the most liquid asset of CVR Energy, which is listed under current asset account on CVR Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CVR Energy customers. The amounts must be unrestricted with restricted cash listed in a different CVR Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from CVR Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVR Energy 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in CVR Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy CVR Stock please use our
How to Invest in CVR Energy guide.
Selling General Administrative is likely to gain to about 86.1
M in 2024, despite the fact that
Tax Provision is likely to grow to (81.2
M).
CVR Energy fundamental ratios Correlations
Click cells to compare fundamentals
CVR Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CVR Energy fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for CVR Stock Analysis
When running CVR Energy's price analysis, check to
measure CVR Energy'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 CVR Energy is operating at the current time. Most of CVR Energy's value examination focuses on studying past and present price action to
predict the probability of CVR Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVR Energy's price. Additionally, you may evaluate how the addition of CVR Energy to your portfolios can decrease your overall portfolio volatility.