CPAY Stock | | | 341.23 0.00 0.00% |
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 Liabilities Total and its Intangible Assets 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 Liabilities Total vs Intangible Assets
Non Current Liabilities Total vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Corpay Inc Non Current Liabilities Total account and
Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Corpay's Non Current Liabilities Total and Intangible Assets is 0.79. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Intangible Assets 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 Liabilities Total and Intangible Assets 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 Liabilities Total of Corpay Inc are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Non Current Liabilities Total i.e., Corpay's Non Current Liabilities Total and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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
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.