ET Stock | | | USD 18.97 0.69 3.77% |
Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Ptb Ratio and its Capex To Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Ptb Ratio vs Capex To Revenue
Ptb Ratio vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Transfer LP Ptb Ratio account and
Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Energy Transfer's Ptb Ratio and Capex To Revenue is -0.02. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Ptb Ratio and Capex To Revenue 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 Energy Transfer LP are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Ptb Ratio i.e., Energy Transfer's Ptb Ratio and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | -0.02 |
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.
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP 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 Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Energy Transfer's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 56.9
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 549.6
M in 2024.
Energy Transfer fundamental ratios Correlations
Click cells to compare fundamentals
Energy Transfer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Transfer fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Energy Stock Analysis
When running Energy Transfer's price analysis, check to
measure Energy Transfer'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 Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to
predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.