SCWX Stock | | | USD 8.37 0.02 0.24% |
Secureworks Corp financial indicator trend analysis is much more than just breaking down Secureworks Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Secureworks Corp is a good investment. Please check the relationship between Secureworks Corp Roic and its Capex To Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Secureworks 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 housing.
For more information on how to buy Secureworks Stock please use our
How to Invest in Secureworks Corp guide.
Roic vs Capex To Depreciation
Roic vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Secureworks Corp Roic account and
Capex To Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Secureworks Corp's Roic and Capex To Depreciation is 0.96. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Secureworks Corp, assuming nothing else is changed. The correlation between historical values of Secureworks Corp's Roic and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Secureworks Corp are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Roic i.e., Secureworks Corp's Roic and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Secureworks Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Secureworks 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Secureworks 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 housing.
For more information on how to buy Secureworks Stock please use our
How to Invest in Secureworks Corp guide.
Selling General Administrative is likely to rise to about 89.3
M in 2024, whereas
Tax Provision is likely to drop (29.9
M) in 2024.
Secureworks Corp fundamental ratios Correlations
Click cells to compare fundamentals
Secureworks Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Secureworks Corp fundamental ratios Accounts
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Additional Tools for Secureworks Stock Analysis
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measure Secureworks Corp'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 Secureworks Corp is operating at the current time. Most of Secureworks Corp's value examination focuses on studying past and present price action to
predict the probability of Secureworks Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Secureworks Corp's price. Additionally, you may evaluate how the addition of Secureworks Corp to your portfolios can decrease your overall portfolio volatility.