CHX Stock | | | USD 31.28 0.58 1.89% |
ChampionX financial indicator trend analysis is way more than just evaluating ChampionX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChampionX is a good investment. Please check the relationship between ChampionX Short Long Term Debt and its Long Term Debt Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy ChampionX Stock please use our
How to Invest in ChampionX guide.
Short Long Term Debt vs Long Term Debt Total
Short Long Term Debt vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ChampionX Short Long Term Debt account and
Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ChampionX's Short Long Term Debt and Long Term Debt Total is -0.43. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Short Long Term Debt and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of ChampionX are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Short Long Term Debt i.e., ChampionX's Short Long Term Debt and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Long Term Debt Total
Most indicators from ChampionX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChampionX 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 ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy ChampionX Stock please use our
How to Invest in ChampionX guide.At this time, ChampionX's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 12.95 in 2024, whereas
Selling General Administrative is likely to drop slightly above 427.6
M in 2024.
ChampionX fundamental ratios Correlations
Click cells to compare fundamentals
ChampionX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ChampionX 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 ChampionX Stock Analysis
When running ChampionX's price analysis, check to
measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to
predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.