| STRT Stock | | | USD 41.25 0.30 0.72% |
Strattec Security financial indicator trend analysis is much more than just breaking down Strattec Security prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Strattec Security is a good investment. Please check the relationship between Strattec Security Total Liab and its Net Invested Capital accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Strattec Security. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Strattec Stock please use our
How to Invest in Strattec Security guide.
Total Liab vs Net Invested Capital
Total Liab vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Strattec Security Total Liab account and
Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Strattec Security's Total Liab and Net Invested Capital is 0.59. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Strattec Security, assuming nothing else is changed. The correlation between historical values of Strattec Security's Total Liab and Net Invested 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 Total Liab of Strattec Security are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Liab i.e., Strattec Security's Total Liab and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Strattec Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Strattec Security 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 Strattec Security. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Strattec Stock please use our
How to Invest in Strattec Security guide.
Selling General Administrative is likely to gain to about 50
M in 2024.
Tax Provision is likely to gain to about 4
M in 2024
Strattec Security fundamental ratios Correlations
Click cells to compare fundamentals
Strattec Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Strattec Security fundamental ratios Accounts
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Additional Tools for Strattec Stock Analysis
When running Strattec Security's price analysis, check to
measure Strattec Security'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 Strattec Security is operating at the current time. Most of Strattec Security's value examination focuses on studying past and present price action to
predict the probability of Strattec Security's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strattec Security's price. Additionally, you may evaluate how the addition of Strattec Security to your portfolios can decrease your overall portfolio volatility.