GATX Stock | | | USD 164.16 0.46 0.28% |
GATX financial indicator trend analysis is much more than just examining GATX latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GATX is a good investment. Please check the relationship between GATX Total Current Assets and its Total Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Total Current Assets vs Total Revenue
Total Current Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GATX Total Current Assets account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between GATX's Total Current Assets and Total Revenue is -0.41. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of GATX Corporation, assuming nothing else is changed. The correlation between historical values of GATX's Total Current Assets and Total Revenue 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 Current Assets of GATX Corporation are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., GATX's Total Current Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Revenue
Total revenue comprises all receipts GATX 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.
Most indicators from GATX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GATX 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, GATX's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 13.18 in 2024, whereas
Selling General Administrative is likely to drop slightly above 145.7
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 539.2M | 572.6M | 1.3B | 673.6M | Total Revenue | 1.3B | 1.3B | 1.4B | 1.3B |
GATX fundamental ratios Correlations
Click cells to compare fundamentals
GATX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GATX fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for GATX Stock Analysis
When running GATX's price analysis, check to
measure GATX'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 GATX is operating at the current time. Most of GATX's value examination focuses on studying past and present price action to
predict the probability of GATX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GATX's price. Additionally, you may evaluate how the addition of GATX to your portfolios can decrease your overall portfolio volatility.