CNX Stock | | | USD 41.09 0.45 1.11% |
CNX Resources financial indicator trend analysis is way more than just evaluating CNX Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNX Resources Corp is a good investment. Please check the relationship between CNX Resources Cash And Short Term Investments and its Common Stock Total Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash And Short Term Investments vs Common Stock Total Equity
Cash And Short Term Investments vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CNX Resources Corp Cash And Short Term Investments account and
Common Stock Total Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between CNX Resources' Cash And Short Term Investments and Common Stock Total Equity is 0.28. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of CNX Resources Corp, assuming nothing else is changed. The correlation between historical values of CNX Resources' Cash And Short Term Investments and Common Stock Total 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 Cash And Short Term Investments of CNX Resources Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash And Short Term Investments i.e., CNX Resources' Cash And Short Term Investments and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of CNX Resources Corp balance sheet. This account contains CNX Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CNX Resources Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from CNX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNX Resources Corp 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 CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, CNX Resources'
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 102.7
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 1.91 in 2024.
CNX Resources fundamental ratios Correlations
Click cells to compare fundamentals
CNX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CNX Resources fundamental ratios Accounts
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Additional Tools for CNX Stock Analysis
When running CNX Resources' price analysis, check to
measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to
predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.