HOV Stock | | | USD 196.20 14.46 7.96% |
Hovnanian Enterprises financial indicator trend analysis is much more than just examining Hovnanian Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hovnanian Enterprises is a good investment. Please check the relationship between Hovnanian Enterprises End Period Cash Flow and its Price Cash Flow Ratio accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. 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 Hovnanian Stock please use our
How to Invest in Hovnanian Enterprises guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hovnanian Enterprises End Period Cash Flow account and
Price Cash Flow Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Hovnanian Enterprises' End Period Cash Flow and Price Cash Flow Ratio is 0.13. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Price Cash Flow Ratio in the same time period over historical financial statements of Hovnanian Enterprises, assuming nothing else is changed. The correlation between historical values of Hovnanian Enterprises' End Period Cash Flow and Price Cash Flow 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 End Period Cash Flow of Hovnanian Enterprises are associated (or correlated) with its Price Cash Flow Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price Cash Flow Ratio has no effect on the direction of End Period Cash Flow i.e., Hovnanian Enterprises' End Period Cash Flow and Price Cash Flow Ratio go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Most indicators from Hovnanian Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hovnanian Enterprises 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 Hovnanian Enterprises. 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 Hovnanian Stock please use our
How to Invest in Hovnanian Enterprises guide.At this time, Hovnanian Enterprises'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 47.3
M in 2024, whereas
Enterprise Value Multiple is likely to drop 3.44 in 2024.
When running Hovnanian Enterprises' price analysis, check to
measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to
predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.