CLMT Stock | | | USD 21.38 0.45 2.06% |
Calumet Specialty financial indicator trend analysis is way more than just evaluating Calumet Specialty prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calumet Specialty is a good investment. Please check the relationship between Calumet Specialty Change To Operating Activities and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Calumet Specialty Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Change To Operating Activities vs Net Income
Change To Operating Activities vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Calumet Specialty Change To Operating Activities account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Calumet Specialty's Change To Operating Activities and Net Income is -0.25. Overlapping area represents the amount of variation of Change To Operating Activities that can explain the historical movement of Net Income in the same time period over historical financial statements of Calumet Specialty Products, assuming nothing else is changed. The correlation between historical values of Calumet Specialty's Change To Operating Activities and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Operating Activities of Calumet Specialty Products are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Operating Activities i.e., Calumet Specialty's Change To Operating Activities and Net Income go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Operating Activities
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Calumet Specialty financial statement analysis. It represents the amount of money remaining after all of Calumet Specialty Products operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Calumet Specialty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calumet 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 Calumet Specialty Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Calumet Specialty's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 2.1
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 6.02 in 2024.
Calumet Specialty fundamental ratios Correlations
Click cells to compare fundamentals
Calumet Specialty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calumet Specialty fundamental ratios Accounts
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Additional Tools for Calumet Stock Analysis
When running Calumet Specialty's price analysis, check to
measure Calumet Specialty'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 Calumet Specialty is operating at the current time. Most of Calumet Specialty's value examination focuses on studying past and present price action to
predict the probability of Calumet Specialty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calumet Specialty's price. Additionally, you may evaluate how the addition of Calumet Specialty to your portfolios can decrease your overall portfolio volatility.