PNW Stock | | | USD 93.62 1.83 1.99% |
Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Pfcf Ratio and its Free Cash Flow Yield accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Pfcf Ratio vs Free Cash Flow Yield
Pfcf Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pinnacle West Capital Pfcf Ratio account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between Pinnacle West's Pfcf Ratio and Free Cash Flow Yield is 0.2. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Pfcf Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Pinnacle West Capital are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Pfcf Ratio i.e., Pinnacle West's Pfcf Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pfcf Ratio
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital 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 Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to climb to about 111.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 151.7
M in 2024.
Pinnacle West fundamental ratios Correlations
Click cells to compare fundamentals
Pinnacle West Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pinnacle West 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 Pinnacle Stock Analysis
When running Pinnacle West's price analysis, check to
measure Pinnacle West'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 Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to
predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.