Corpay financial indicator trend analysis is way more than just evaluating Corpay Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corpay Inc is a good investment. Please check the relationship between Corpay Net Invested Capital and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corpay 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 nation.
Net Invested Capital vs Long Term Investments
Net Invested Capital vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corpay Inc Net Invested Capital account and Long Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Corpay's Net Invested Capital and Long Term Investments is 0.96. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Corpay Inc, assuming nothing else is changed. The correlation between historical values of Corpay's Net Invested Capital and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Corpay Inc are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Invested Capital i.e., Corpay's Net Invested Capital and Long Term Investments go up and down completely randomly.
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Long Term Investments
Long Term Investments is an item on the asset side of Corpay balance sheet that represents investments Corpay Inc intends to hold for over a year. Corpay Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Corpay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corpay 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Corpay 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 nation.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Corpay's price analysis, check to measure Corpay'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 Corpay is operating at the current time. Most of Corpay's value examination focuses on studying past and present price action to predict the probability of Corpay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corpay's price. Additionally, you may evaluate how the addition of Corpay to your portfolios can decrease your overall portfolio volatility.