DOV Stock | | | USD 204.16 1.67 0.82% |
Dover financial indicator trend analysis is much more than just examining Dover latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dover is a good investment. Please check the relationship between Dover Operating Profit Margin and its Pretax Profit Margin accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Dover Stock please use our
How to Invest in Dover guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dover Operating Profit Margin account and
Pretax Profit Margin. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Dover's Operating Profit Margin and Pretax Profit Margin is 0.9. Overlapping area represents the amount of variation of Operating Profit Margin that can explain the historical movement of Pretax Profit Margin in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Operating Profit Margin and Pretax Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Profit Margin of Dover are associated (or correlated) with its Pretax Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pretax Profit Margin has no effect on the direction of Operating Profit Margin i.e., Dover's Operating Profit Margin and Pretax Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Dover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dover 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Dover Stock please use our
How to Invest in Dover guide.At this time, Dover's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 15.15 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.6
B in 2024.
When running Dover's price analysis, check to
measure Dover'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 Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to
predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.