CXW Stock | | | USD 22.01 0.21 0.96% |
CoreCivic financial indicator trend analysis is way more than just evaluating CoreCivic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CoreCivic is a good investment. Please check the relationship between CoreCivic Non Currrent Assets Other and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy CoreCivic Stock please use our
How to Invest in CoreCivic guide.
Non Currrent Assets Other vs Total Stockholder Equity
Non Currrent Assets Other vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CoreCivic Non Currrent Assets Other account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between CoreCivic's Non Currrent Assets Other and Total Stockholder Equity is 0.16. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of CoreCivic, assuming nothing else is changed. The correlation between historical values of CoreCivic's Non Currrent Assets Other and Total Stockholder 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 Non Currrent Assets Other of CoreCivic are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., CoreCivic's Non Currrent Assets Other and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from CoreCivic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CoreCivic 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 CoreCivic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy CoreCivic Stock please use our
How to Invest in CoreCivic guide.
Selling General Administrative is likely to climb to about 142.9
M in 2024.
Tax Provision is likely to climb to about 31.6
M in 2024
CoreCivic fundamental ratios Correlations
Click cells to compare fundamentals
CoreCivic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CoreCivic fundamental ratios Accounts
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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 CoreCivic Stock Analysis
When running CoreCivic's price analysis, check to
measure CoreCivic'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 CoreCivic is operating at the current time. Most of CoreCivic's value examination focuses on studying past and present price action to
predict the probability of CoreCivic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCivic's price. Additionally, you may evaluate how the addition of CoreCivic to your portfolios can decrease your overall portfolio volatility.