| ARRY Stock | | | USD 6.71 0.29 4.14% |
Array Technologies financial indicator trend analysis is way more than just evaluating Array Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Array Technologies is a good investment. Please check the relationship between Array Technologies Income Quality and its Payout Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Array Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Array Stock please use our
How to Invest in Array Technologies guide.
Income Quality vs Payout Ratio
Income Quality vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Array Technologies Income Quality account and
Payout Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Array Technologies' Income Quality and Payout Ratio is -0.45. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Array Technologies, assuming nothing else is changed. The correlation between historical values of Array Technologies' Income Quality and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Array Technologies are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Income Quality i.e., Array Technologies' Income Quality and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Payout Ratio
Payout Ratio is the proportion of Array Technologies earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Array Technologies dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Array Technologies is paying out more in dividends than it makes in net income.
Most indicators from Array Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Array Technologies 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 Array Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Array Stock please use our
How to Invest in Array Technologies guide.At this time, Array Technologies'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.11 in 2024, whereas
Selling General Administrative is likely to drop slightly above 151.6
M in 2024.
Array Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Array Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Array Technologies fundamental ratios Accounts
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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 Array Stock Analysis
When running Array Technologies' price analysis, check to
measure Array Technologies' 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 Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to
predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.