CLX Stock | | | USD 170.09 0.94 0.56% |
Clorox financial indicator trend analysis is way more than just evaluating Clorox prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clorox is a good investment. Please check the relationship between Clorox Ebit Per Revenue and its Capex To Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in The Clorox. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Ebit Per Revenue vs Capex To Revenue
Ebit Per Revenue vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clorox Ebit Per Revenue account and
Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Clorox's Ebit Per Revenue and Capex To Revenue is -0.01. Overlapping area represents the amount of variation of Ebit Per Revenue that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of The Clorox, assuming nothing else is changed. The correlation between historical values of Clorox's Ebit Per Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit Per Revenue of The Clorox are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Ebit Per Revenue i.e., Clorox's Ebit Per Revenue and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebit Per Revenue
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from Clorox's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clorox 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 The Clorox. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Clorox's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 27.63 in 2024, whereas
Selling General Administrative is likely to drop slightly above 790.9
M in 2024.
Clorox fundamental ratios Correlations
Click cells to compare fundamentals
Clorox Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clorox 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 Clorox Stock Analysis
When running Clorox's price analysis, check to
measure Clorox'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 Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to
predict the probability of Clorox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.