| PUMP Stock | | | USD 8.45 0.05 0.59% |
ProPetro Holding financial indicator trend analysis is much more than just breaking down ProPetro Holding Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProPetro Holding Corp is a good investment. Please check the relationship between ProPetro Holding Deferred Long Term Liab and its Net Working Capital accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Deferred Long Term Liab vs Net Working Capital
Deferred Long Term Liab vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ProPetro Holding Corp Deferred Long Term Liab account and
Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ProPetro Holding's Deferred Long Term Liab and Net Working Capital is 0.9. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of ProPetro Holding Corp, assuming nothing else is changed. The correlation between historical values of ProPetro Holding's Deferred Long Term Liab and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of ProPetro Holding Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Deferred Long Term Liab i.e., ProPetro Holding's Deferred Long Term Liab and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Net Working Capital
Most indicators from ProPetro Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProPetro Holding Corp 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 ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
As of 11/26/2024,
Tax Provision is likely to grow to about 39.5
M, while
Selling General Administrative is likely to drop slightly above 80.4
M.
ProPetro Holding fundamental ratios Correlations
Click cells to compare fundamentals
ProPetro Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ProPetro Holding fundamental ratios Accounts
Additional Tools for ProPetro Stock Analysis
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predict the probability of ProPetro Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProPetro Holding's price. Additionally, you may evaluate how the addition of ProPetro Holding to your portfolios can decrease your overall portfolio volatility.