FAST Stock | | | USD 79.29 0.03 0.04% |
Fastenal financial indicator trend analysis is much more than just examining Fastenal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fastenal is a good investment. Please check the relationship between Fastenal Change To Netincome and its Exchange Rate Changes accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Change To Netincome vs Exchange Rate Changes
Change To Netincome vs Exchange Rate Changes Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fastenal Change To Netincome account and
Exchange Rate Changes. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Fastenal's Change To Netincome and Exchange Rate Changes is -0.2. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Exchange Rate Changes in the same time period over historical financial statements of Fastenal Company, assuming nothing else is changed. The correlation between historical values of Fastenal's Change To Netincome and Exchange Rate Changes is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Fastenal Company are associated (or correlated) with its Exchange Rate Changes. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Exchange Rate Changes has no effect on the direction of Change To Netincome i.e., Fastenal's Change To Netincome and Exchange Rate Changes go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Netincome
Exchange Rate Changes
The impact of changes in foreign exchange rates on a company's financial position and results.
Most indicators from Fastenal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fastenal 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Fastenal's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas
Enterprise Value Multiple is likely to drop 20.87 in 2024.
Fastenal fundamental ratios Correlations
Click cells to compare fundamentals
Fastenal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fastenal fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Fastenal Stock Analysis
When running Fastenal's price analysis, check to
measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to
predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.