| 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 Non Currrent Assets Other and its Property Plant And Equipment Net 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.
Non Currrent Assets Other vs Property Plant And Equipment Net
Non Currrent Assets Other vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Onity Group Non Currrent Assets Other account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Onity's Non Currrent Assets Other and Property Plant And Equipment Net is -0.57. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Property Plant And Equipment Net 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 Non Currrent Assets Other and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Onity Group are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Currrent Assets Other i.e., Onity's Non Currrent Assets Other and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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
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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.