| GATX Stock | | | USD 158.90 0.00 0.00% |
GATX financial indicator trend analysis is much more than just examining GATX latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GATX is a good investment. Please check the relationship between GATX Total Current Liabilities and its Common Stock Shares Outstanding accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. 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.
Total Current Liabilities vs Common Stock Shares Outstanding
Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GATX Total Current Liabilities account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost no relationship.
The correlation between GATX's Total Current Liabilities and Common Stock Shares Outstanding is 0.14. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of GATX Corporation, assuming nothing else is changed. The correlation between historical values of GATX's Total Current Liabilities and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of GATX Corporation are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Liabilities i.e., GATX's Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on GATX balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GATX Corporation are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from GATX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GATX 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. 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, GATX's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 2.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 145.7
M in 2024.
GATX fundamental ratios Correlations
Click cells to compare fundamentals
GATX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GATX 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 GATX Stock Analysis
When running GATX's price analysis, check to
measure GATX'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 GATX is operating at the current time. Most of GATX's value examination focuses on studying past and present price action to
predict the probability of GATX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GATX's price. Additionally, you may evaluate how the addition of GATX to your portfolios can decrease your overall portfolio volatility.