ITT Stock | | | USD 150.69 1.48 0.97% |
ITT financial indicator trend analysis is infinitely more than just investigating ITT Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ITT Inc is a good investment. Please check the relationship between ITT Total Current Assets and its Total Cash From Operating Activities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. 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 Cash From Operating Activities
Total Current Assets vs Total Cash From Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ITT Inc Total Current Assets account and
Total Cash From Operating Activities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ITT's Total Current Assets and Total Cash From Operating Activities is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of ITT Inc, assuming nothing else is changed. The correlation between historical values of ITT's Total Current Assets and Total Cash From Operating Activities 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 ITT Inc are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Total Current Assets i.e., ITT's Total Current Assets and Total Cash From Operating Activities go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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 Cash From Operating Activities
Most indicators from ITT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ITT Inc 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 ITT Inc. 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, ITT's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1
M in 2024.
ITT fundamental ratios Correlations
Click cells to compare fundamentals
ITT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ITT fundamental ratios Accounts
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Additional Tools for ITT Stock Analysis
When running ITT's price analysis, check to
measure ITT'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 ITT is operating at the current time. Most of ITT's value examination focuses on studying past and present price action to
predict the probability of ITT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITT's price. Additionally, you may evaluate how the addition of ITT to your portfolios can decrease your overall portfolio volatility.