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 Total Liab and its Capital Surpluse 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.
Total Liab vs Capital Surpluse
Total Liab vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clorox Total Liab account and
Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.
The correlation between Clorox's Total Liab and Capital Surpluse is 0.66. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Capital Surpluse 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 Total Liab and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of The Clorox are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Liab i.e., Clorox's Total Liab and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Capital Surpluse
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
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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.