CNDT Stock | | | USD 3.74 0.10 2.75% |
Conduent financial indicator trend analysis is way more than just evaluating Conduent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conduent is a good investment. Please check the relationship between Conduent Capital Surpluse and its Total Permanent Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Conduent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Conduent Stock please use our
How to Invest in Conduent guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Conduent Capital Surpluse account and
Total Permanent Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Conduent's Capital Surpluse and Total Permanent Equity is 0.93. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Total Permanent Equity in the same time period over historical financial statements of Conduent, assuming nothing else is changed. The correlation between historical values of Conduent's Capital Surpluse and Total Permanent 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 Capital Surpluse of Conduent are associated (or correlated) with its Total Permanent Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Permanent Equity has no effect on the direction of Capital Surpluse i.e., Conduent's Capital Surpluse and Total Permanent Equity go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Conduent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conduent 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 Conduent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Conduent Stock please use our
How to Invest in Conduent guide.At this time, Conduent's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 4.8
M in 2024, whereas
Enterprise Value is likely to drop slightly above 3.7
B in 2024.
When running Conduent's price analysis, check to
measure Conduent'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 Conduent is operating at the current time. Most of Conduent's value examination focuses on studying past and present price action to
predict the probability of Conduent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conduent's price. Additionally, you may evaluate how the addition of Conduent to your portfolios can decrease your overall portfolio volatility.