RNGR Stock | | | USD 16.50 0.17 1.02% |
Ranger Energy financial indicator trend analysis is much more than just breaking down Ranger Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ranger Energy Services is a good investment. Please check the relationship between Ranger Energy Total Revenue and its Property Plant Equipment accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ranger Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Total Revenue vs Property Plant Equipment
Total Revenue vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ranger Energy Services Total Revenue account and
Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ranger Energy's Total Revenue and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Ranger Energy Services, assuming nothing else is changed. The correlation between historical values of Ranger Energy's Total Revenue and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Ranger Energy Services are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Revenue i.e., Ranger Energy's Total Revenue and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts Ranger Energy Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Property Plant Equipment
Most indicators from Ranger Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ranger Energy Services 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 Ranger Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Ranger Energy's
Tax Provision is relatively stable compared to the past year. As of 11/29/2024,
Enterprise Value Over EBITDA is likely to grow to 3.81, while
Issuance Of Capital Stock is likely to drop 0.00.
Ranger Energy fundamental ratios Correlations
Click cells to compare fundamentals
Ranger Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ranger Energy fundamental ratios Accounts
Additional Tools for Ranger Stock Analysis
When running Ranger Energy's price analysis, check to
measure Ranger Energy'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 Ranger Energy is operating at the current time. Most of Ranger Energy's value examination focuses on studying past and present price action to
predict the probability of Ranger Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ranger Energy's price. Additionally, you may evaluate how the addition of Ranger Energy to your portfolios can decrease your overall portfolio volatility.