0Y3K Stock | | | 375.09 2.60 0.70% |
Eaton Corp financial indicator trend analysis is much more than just examining Eaton Corp PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eaton Corp PLC is a good investment. Please check the relationship between Eaton Corp Property Plant Equipment and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Eaton Corp 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 board of governors.
Property Plant Equipment vs Selling General Administrative
Property Plant Equipment vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eaton Corp PLC Property Plant Equipment account and
Selling General Administrative. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eaton Corp's Property Plant Equipment and Selling General Administrative is -0.59. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Eaton Corp PLC, assuming nothing else is changed. The correlation between historical values of Eaton Corp's Property Plant Equipment and Selling General Administrative 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 Equipment of Eaton Corp PLC are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Property Plant Equipment i.e., Eaton Corp's Property Plant Equipment and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Selling General Administrative
Most indicators from Eaton Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eaton Corp 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Eaton Corp 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 board of governors.
Tax Provision is likely to drop to about 479.8
M in 2024. Selling General Administrative is likely to drop to about 2.7
B in 2024
Eaton Corp fundamental ratios Correlations
Click cells to compare fundamentals
Eaton Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eaton Corp 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 Eaton Stock Analysis
When running Eaton Corp's price analysis, check to
measure Eaton Corp'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 Eaton Corp is operating at the current time. Most of Eaton Corp's value examination focuses on studying past and present price action to
predict the probability of Eaton Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Corp's price. Additionally, you may evaluate how the addition of Eaton Corp to your portfolios can decrease your overall portfolio volatility.