ONIT Stock | | | 30.89 0.10 0.32% |
Onity financial indicator trend analysis is much more than just breaking down Onity Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onity Group is a good investment. Please check the relationship between Onity Ebit Per Revenue and its Revenue Per Share accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity 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 gross domestic product.
Ebit Per Revenue vs Revenue Per Share
Ebit Per Revenue vs Revenue Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Onity Group Ebit Per Revenue account and
Revenue Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Onity's Ebit Per Revenue and Revenue Per Share is 0.1. Overlapping area represents the amount of variation of Ebit Per Revenue that can explain the historical movement of Revenue Per Share in the same time period over historical financial statements of Onity Group, assuming nothing else is changed. The correlation between historical values of Onity's Ebit Per Revenue and Revenue Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit Per Revenue of Onity Group are associated (or correlated) with its Revenue Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Revenue Per Share has no effect on the direction of Ebit Per Revenue i.e., Onity's Ebit Per Revenue and Revenue Per Share go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Ebit Per Revenue
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
Most indicators from Onity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onity 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity 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 gross domestic product.
At this time, Onity's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 5.9
M in 2024, whereas
Enterprise Value Multiple is likely to drop 15.46 in 2024.
Onity fundamental ratios Correlations
Click cells to compare fundamentals
Onity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Onity fundamental ratios Accounts
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Additional Tools for Onity Stock Analysis
When running Onity's price analysis, check to
measure Onity'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 Onity is operating at the current time. Most of Onity's value examination focuses on studying past and present price action to
predict the probability of Onity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onity's price. Additionally, you may evaluate how the addition of Onity to your portfolios can decrease your overall portfolio volatility.