NOV Stock | | | USD 14.98 0.11 0.73% |
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 Free Cash Flow and its Cash And Cash Equivalents Changes 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.
Free Cash Flow vs Cash And Cash Equivalents Changes
Free Cash Flow vs Cash And Cash Equivalents Changes Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NOV Inc Free Cash Flow account and
Cash And Cash Equivalents Changes. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NOV's Free Cash Flow and Cash And Cash Equivalents Changes is 0.12. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash And Cash Equivalents Changes 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 Free Cash Flow and Cash And Cash Equivalents 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 Free Cash Flow of NOV Inc are associated (or correlated) with its Cash And Cash Equivalents Changes. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Cash Equivalents Changes has no effect on the direction of Free Cash Flow i.e., NOV's Free Cash Flow and Cash And Cash Equivalents Changes go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Cash And Cash Equivalents Changes
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.