Bowhead Non Currrent Assets Other vs Inventory 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 Currrent Assets Other and its Inventory 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 Currrent Assets Other vs Inventory

Non Currrent Assets Other vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bowhead Specialty Non Currrent Assets Other account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Bowhead Specialty's Non Currrent Assets Other and Inventory is -0.94. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Inventory 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 Currrent Assets Other and Inventory 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 Currrent Assets Other of Bowhead Specialty Holdings are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Currrent Assets Other i.e., Bowhead Specialty's Non Currrent Assets Other and Inventory go up and down completely randomly.

Correlation Coefficient

-0.94
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Inventory

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
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-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
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-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
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-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
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-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
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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
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-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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