NOV Stock | | | USD 15.09 0.29 1.89% |
NOV financial indicator trend analysis is infinitely more than just investigating NOV Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NOV Inc is a good investment. Please check the relationship between NOV Dividends Paid and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV 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 persons.
Dividends Paid vs Capital Expenditures
Dividends Paid vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NOV Inc Dividends Paid account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between NOV's Dividends Paid and Capital Expenditures is 0.75. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of NOV Inc, assuming nothing else is changed. The correlation between historical values of NOV's Dividends Paid and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of NOV Inc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Dividends Paid i.e., NOV's Dividends Paid and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Capital Expenditures
Capital Expenditures are funds used by NOV Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of NOV operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from NOV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NOV 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV 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 persons.
At this time, NOV's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 15.04 in 2024, whereas
Discontinued Operations is likely to drop slightly above 41.6
M in 2024.
NOV fundamental ratios Correlations
Click cells to compare fundamentals
NOV Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NOV fundamental ratios Accounts
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Additional Tools for NOV Stock Analysis
When running NOV's price analysis, check to
measure NOV'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 NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to
predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.