CAPD Stock | | | 83.80 1.20 1.45% |
Capital Drilling financial indicator trend analysis is way more than just evaluating Capital Drilling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Capital Drilling is a good investment. Please check the relationship between Capital Drilling Inventory and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Capital Drilling. 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.
Inventory vs Total Stockholder Equity
Inventory vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Capital Drilling Inventory account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Capital Drilling's Inventory and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Capital Drilling, assuming nothing else is changed. The correlation between historical values of Capital Drilling's Inventory and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Capital Drilling are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Inventory i.e., Capital Drilling's Inventory and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Capital Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capital Drilling 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 Capital Drilling. 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.
Selling General Administrative is likely to gain to about 47.3
M in 2024, whereas
Tax Provision is likely to drop slightly above 8.3
M in 2024.
Capital Drilling fundamental ratios Correlations
Click cells to compare fundamentals
Capital Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Capital Drilling 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 Capital Stock Analysis
When running Capital Drilling's price analysis, check to
measure Capital Drilling'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 Capital Drilling is operating at the current time. Most of Capital Drilling's value examination focuses on studying past and present price action to
predict the probability of Capital Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital Drilling's price. Additionally, you may evaluate how the addition of Capital Drilling to your portfolios can decrease your overall portfolio volatility.