CXW Stock | | | USD 22.33 0.16 0.71% |
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 Ptb Ratio and its Payout Ratio 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.
Ptb Ratio vs Payout Ratio
Ptb Ratio vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CoreCivic Ptb Ratio account and
Payout Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CoreCivic's Ptb Ratio and Payout Ratio is -0.29. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of CoreCivic, assuming nothing else is changed. The correlation between historical values of CoreCivic's Ptb Ratio and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of CoreCivic are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Ptb Ratio i.e., CoreCivic's Ptb Ratio and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Payout Ratio
Payout Ratio is the proportion of CoreCivic earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of CoreCivic dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating CoreCivic is paying out more in dividends than it makes in net income.
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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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.