CIX Stock | | | USD 27.55 0.09 0.33% |
CompX International financial indicator trend analysis is way more than just evaluating CompX International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CompX International is a good investment. Please check the relationship between CompX International Change To Inventory and its Other Non Cash Items accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CompX International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy CompX Stock please use our
How to Invest in CompX International guide.
Change To Inventory vs Other Non Cash Items
Change To Inventory vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CompX International Change To Inventory account and
Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CompX International's Change To Inventory and Other Non Cash Items is -0.23. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of CompX International, assuming nothing else is changed. The correlation between historical values of CompX International's Change To Inventory and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of CompX International are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Inventory i.e., CompX International's Change To Inventory and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Other Non Cash Items
Most indicators from CompX International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CompX International 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 CompX International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy CompX Stock please use our
How to Invest in CompX International guide.At this time, CompX International's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 9.20 in 2024, whereas
Selling General Administrative is likely to drop slightly above 18.2
M in 2024.
CompX International fundamental ratios Correlations
Click cells to compare fundamentals
CompX International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CompX International 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 CompX Stock Analysis
When running CompX International's price analysis, check to
measure CompX International'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 CompX International is operating at the current time. Most of CompX International's value examination focuses on studying past and present price action to
predict the probability of CompX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CompX International's price. Additionally, you may evaluate how the addition of CompX International to your portfolios can decrease your overall portfolio volatility.