CXT Stock | | | 59.84 0.94 1.55% |
Crane NXT financial indicator trend analysis is way more than just evaluating Crane NXT prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crane NXT is a good investment. Please check the relationship between Crane NXT Sale Purchase Of Stock and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Crane NXT Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Sale Purchase Of Stock vs Depreciation
Sale Purchase Of Stock vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Crane NXT Sale Purchase Of Stock account and
Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Crane NXT's Sale Purchase Of Stock and Depreciation is -0.6. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Depreciation in the same time period over historical financial statements of Crane NXT Co, assuming nothing else is changed. The correlation between historical values of Crane NXT's Sale Purchase Of Stock and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of Crane NXT Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Sale Purchase Of Stock i.e., Crane NXT's Sale Purchase Of Stock and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Sale Purchase Of Stock
Depreciation
Depreciation indicates how much of Crane NXT value has been used up. For tax purposes Crane NXT can deduct the cost of the tangible assets it purchases as business expenses. However, Crane NXT Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Crane NXT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crane NXT 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 Crane NXT Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Tax Provision is likely to gain to about 78.4
M in 2024.
Selling General Administrative is likely to gain to about 517.6
M in 2024
Crane NXT fundamental ratios Correlations
Click cells to compare fundamentals
Crane NXT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crane NXT fundamental ratios Accounts
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Additional Tools for Crane Stock Analysis
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