Bowhead Non Current Assets Total vs Net Invested Capital Analysis

BOW Stock   36.04  0.33  0.91%   
Bowhead Specialty financial indicator trend analysis is way more than just evaluating Bowhead Specialty prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bowhead Specialty is a good investment. Please check the relationship between Bowhead Specialty Non Current Assets Total and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bowhead Specialty Holdings. 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.

Non Current Assets Total vs Net Invested Capital

Non Current Assets Total vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bowhead Specialty Non Current Assets Total account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Bowhead Specialty's Non Current Assets Total and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Bowhead Specialty Holdings, assuming nothing else is changed. The correlation between historical values of Bowhead Specialty's Non Current Assets Total and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Bowhead Specialty Holdings are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Non Current Assets Total i.e., Bowhead Specialty's Non Current Assets Total and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Bowhead Specialty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bowhead Specialty 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bowhead Specialty Holdings. 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, Bowhead Specialty's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 34.09 in 2024, whereas Tax Provision is likely to drop slightly above 5.8 M in 2024.
 2010 2023 2024 (projected)
Depreciation And Amortization700K2.3M1.7M
Tax Provision3.4M7.1M5.8M

Bowhead Specialty fundamental ratios Correlations

-0.971.01.00.98-0.951.01.00.990.991.0-1.00.99-0.96-0.831.01.0-0.961.01.01.01.01.0-0.970.99-0.83
-0.97-0.98-0.97-1.01.0-0.96-0.98-0.99-0.99-0.960.98-1.01.00.94-0.96-0.961.0-0.97-0.98-0.97-0.97-0.981.0-0.990.94
1.0-0.981.00.98-0.951.01.01.00.991.0-1.00.99-0.97-0.841.01.0-0.961.01.01.01.01.0-0.981.0-0.84
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0.98-1.00.980.98-0.990.960.990.991.00.96-0.991.0-1.0-0.930.970.97-1.00.980.990.980.980.98-1.01.0-0.93
-0.951.0-0.95-0.95-0.99-0.93-0.96-0.98-0.98-0.930.97-0.981.00.96-0.93-0.941.0-0.95-0.96-0.95-0.95-0.951.0-0.980.96
1.0-0.961.01.00.96-0.930.990.990.981.0-0.990.98-0.94-0.81.01.0-0.941.01.01.01.01.0-0.960.98-0.8
1.0-0.981.01.00.99-0.960.991.01.00.99-1.01.0-0.97-0.861.01.0-0.971.01.01.01.01.0-0.981.0-0.86
0.99-0.991.01.00.99-0.980.991.01.00.99-1.01.0-0.98-0.880.990.99-0.980.991.00.991.01.0-0.991.0-0.88
0.99-0.990.990.991.0-0.980.981.01.00.98-1.01.0-0.99-0.90.980.99-0.990.991.00.990.990.99-0.991.0-0.9
1.0-0.961.01.00.96-0.931.00.990.990.98-0.990.98-0.94-0.81.01.0-0.941.01.01.01.01.0-0.960.98-0.8
-1.00.98-1.0-1.0-0.990.97-0.99-1.0-1.0-1.0-0.99-1.00.980.86-0.99-1.00.97-1.0-1.0-1.0-1.0-1.00.98-1.00.86
0.99-1.00.990.991.0-0.980.981.01.01.00.98-1.0-0.99-0.90.980.98-0.990.990.990.990.990.99-1.01.0-0.9
-0.961.0-0.97-0.96-1.01.0-0.94-0.97-0.98-0.99-0.940.98-0.990.95-0.95-0.951.0-0.96-0.97-0.96-0.96-0.971.0-0.990.95
-0.830.94-0.84-0.83-0.930.96-0.8-0.86-0.88-0.9-0.80.86-0.90.95-0.81-0.810.96-0.83-0.85-0.83-0.83-0.840.94-0.891.0
1.0-0.961.01.00.97-0.931.01.00.990.981.0-0.990.98-0.95-0.811.0-0.941.01.01.01.01.0-0.960.99-0.81
1.0-0.961.01.00.97-0.941.01.00.990.991.0-1.00.98-0.95-0.811.0-0.941.01.01.01.01.0-0.960.99-0.81
-0.961.0-0.96-0.96-1.01.0-0.94-0.97-0.98-0.99-0.940.97-0.991.00.96-0.94-0.94-0.96-0.97-0.96-0.96-0.961.0-0.980.96
1.0-0.971.01.00.98-0.951.01.00.990.991.0-1.00.99-0.96-0.831.01.0-0.961.01.01.01.0-0.970.99-0.83
1.0-0.981.01.00.99-0.961.01.01.01.01.0-1.00.99-0.97-0.851.01.0-0.971.01.01.01.0-0.981.0-0.85
1.0-0.971.01.00.98-0.951.01.00.990.991.0-1.00.99-0.96-0.831.01.0-0.961.01.01.01.0-0.970.99-0.83
1.0-0.971.01.00.98-0.951.01.01.00.991.0-1.00.99-0.96-0.831.01.0-0.961.01.01.01.0-0.970.99-0.83
1.0-0.981.01.00.98-0.951.01.01.00.991.0-1.00.99-0.97-0.841.01.0-0.961.01.01.01.0-0.981.0-0.84
-0.971.0-0.98-0.97-1.01.0-0.96-0.98-0.99-0.99-0.960.98-1.01.00.94-0.96-0.961.0-0.97-0.98-0.97-0.97-0.98-0.990.94
0.99-0.991.00.991.0-0.980.981.01.01.00.98-1.01.0-0.99-0.890.990.99-0.980.991.00.990.991.0-0.99-0.89
-0.830.94-0.84-0.83-0.930.96-0.8-0.86-0.88-0.9-0.80.86-0.90.951.0-0.81-0.810.96-0.83-0.85-0.83-0.83-0.840.94-0.89
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Bowhead Specialty Account Relationship Matchups

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