CPAY Stock | | | 343.83 4.74 1.40% |
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 Non Current Assets Total and its Cash 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.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Corpay Inc Non Current Assets Total account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Corpay's Non Current Assets Total and Cash is 0.83. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash 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 Non Current Assets Total and Cash 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 Corpay Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Corpay's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | 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.
Cash
Cash refers to the most liquid asset of Corpay Inc, which is listed under current asset account on Corpay Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Corpay customers. The amounts must be unrestricted with restricted cash listed in a different Corpay account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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.
At this time, Corpay's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 19.54 in 2024, whereas
Selling General Administrative is likely to drop slightly above 415.6
M in 2024.
Corpay fundamental ratios Correlations
Click cells to compare fundamentals
Corpay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corpay fundamental ratios Accounts
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Additional Tools for Corpay Stock Analysis
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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.