First Interest Coverage vs Earnings Yield Analysis

FTHY Stock  USD 14.66  0.03  0.20%   
First Trust financial indicator trend analysis is much more than just examining First Trust High latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Trust High is a good investment. Please check the relationship between First Trust Interest Coverage and its Earnings Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Interest Coverage vs Earnings Yield

Interest Coverage vs Earnings Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Interest Coverage account and Earnings Yield. At this time, the significance of the direction appears to have very strong relationship.
The correlation between First Trust's Interest Coverage and Earnings Yield is 0.87. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Earnings Yield in the same time period over historical financial statements of First Trust High, assuming nothing else is changed. The correlation between historical values of First Trust's Interest Coverage and Earnings Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of First Trust High are associated (or correlated) with its Earnings Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earnings Yield has no effect on the direction of Interest Coverage i.e., First Trust's Interest Coverage and Earnings Yield go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Interest Coverage

Earnings Yield

The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.
Most indicators from First Trust's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Trust High 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 First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At this time, First Trust's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 870.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 737.1 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Income60.2M51.7M51.2M43.5M
Net Interest Income57.3M44.7M42.6M39.3M

First Trust fundamental ratios Correlations

0.98-0.850.850.990.950.980.850.891.0-1.00.950.890.810.730.980.760.720.981.01.00.82-0.74-0.740.72
0.98-0.750.750.940.940.930.750.80.98-0.980.870.80.770.651.00.720.641.00.980.980.78-0.73-0.730.64
-0.85-0.75-1.0-0.89-0.72-0.93-1.0-0.99-0.850.86-0.84-0.99-0.6-0.54-0.75-0.57-0.51-0.78-0.84-0.85-0.630.560.56-0.53
0.850.75-1.00.890.720.931.00.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.990.94-0.890.890.940.980.890.920.99-0.980.980.920.810.770.940.770.770.950.990.990.82-0.74-0.740.76
0.950.94-0.720.720.940.890.720.750.95-0.940.930.750.70.860.940.910.820.940.960.950.71-0.89-0.890.85
0.980.93-0.930.930.980.890.930.960.98-0.980.940.960.790.650.930.670.650.950.980.980.81-0.66-0.660.64
0.850.75-1.01.00.890.720.930.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.890.8-0.990.990.920.750.960.990.89-0.90.871.00.690.530.80.540.530.830.880.890.71-0.54-0.540.52
1.00.98-0.850.850.990.950.980.850.89-1.00.950.890.80.730.980.760.720.981.01.00.81-0.75-0.750.72
-1.0-0.980.86-0.86-0.98-0.94-0.98-0.86-0.9-1.0-0.93-0.9-0.78-0.69-0.98-0.74-0.68-0.99-1.0-1.0-0.80.740.74-0.68
0.950.87-0.840.850.980.930.940.850.870.95-0.930.870.830.860.870.80.870.890.950.950.84-0.74-0.740.85
0.890.8-0.990.990.920.750.960.991.00.89-0.90.870.690.530.80.540.530.830.880.890.71-0.54-0.540.52
0.810.77-0.60.610.810.70.790.610.690.8-0.780.830.690.570.770.410.710.780.810.81.0-0.31-0.310.57
0.730.65-0.540.550.770.860.650.550.530.73-0.690.860.530.570.650.930.970.660.730.730.58-0.85-0.851.0
0.981.0-0.750.750.940.940.930.750.80.98-0.980.870.80.770.650.720.641.00.980.980.78-0.73-0.730.64
0.760.72-0.570.570.770.910.670.570.540.76-0.740.80.540.410.930.720.830.730.760.760.42-0.98-0.980.93
0.720.64-0.510.520.770.820.650.520.530.72-0.680.870.530.710.970.640.830.640.720.720.71-0.72-0.720.97
0.981.0-0.780.780.950.940.950.780.830.98-0.990.890.830.780.661.00.730.640.990.980.79-0.73-0.730.65
1.00.98-0.840.840.990.960.980.840.881.0-1.00.950.880.810.730.980.760.720.991.00.82-0.75-0.750.72
1.00.98-0.850.850.990.950.980.850.891.0-1.00.950.890.80.730.980.760.720.981.00.81-0.75-0.750.72
0.820.78-0.630.630.820.710.810.630.710.81-0.80.840.711.00.580.780.420.710.790.820.81-0.33-0.330.57
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
0.720.64-0.530.540.760.850.640.540.520.72-0.680.850.520.571.00.640.930.970.650.720.720.57-0.85-0.85
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First Trust Account Relationship Matchups

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