HCKT Stock | | | USD 31.46 0.05 0.16% |
Hackett financial indicator trend analysis is much more than just examining Hackett Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hackett Group is a good investment. Please check the relationship between Hackett Interest Coverage and its Days Of Inventory On Hand accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hackett Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Interest Coverage vs Days Of Inventory On Hand
Interest Coverage vs Days Of Inventory On Hand Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hackett Group Interest Coverage account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hackett's Interest Coverage and Days Of Inventory On Hand is -0.43. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of The Hackett Group, assuming nothing else is changed. The correlation between historical values of Hackett's Interest Coverage and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of The Hackett Group are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Interest Coverage i.e., Hackett's Interest Coverage and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Interest Coverage
Days Of Inventory On Hand
Most indicators from Hackett's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hackett Group 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 The Hackett Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
At this time, Hackett's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 17.44 in 2024, whereas
Discontinued Operations is likely to drop (6.6
K) in 2024.
Hackett fundamental ratios Correlations
Click cells to compare fundamentals
Hackett Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hackett fundamental ratios Accounts
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Additional Tools for Hackett Stock Analysis
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