DY Stock | | | USD 180.67 0.42 0.23% |
Dycom Industries financial indicator trend analysis is much more than just examining Dycom Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dycom Industries is a good investment. Please check the relationship between Dycom Industries Current Deferred Revenue and its Good Will accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Dycom Stock please use our
How to Invest in Dycom Industries guide.
Current Deferred Revenue vs Good Will
Current Deferred Revenue vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dycom Industries Current Deferred Revenue account and
Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Dycom Industries' Current Deferred Revenue and Good Will is -0.69. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Good Will in the same time period over historical financial statements of Dycom Industries, assuming nothing else is changed. The correlation between historical values of Dycom Industries' Current Deferred Revenue and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Dycom Industries are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Current Deferred Revenue i.e., Dycom Industries' Current Deferred Revenue and Good Will go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Dycom Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dycom Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Dycom Stock please use our
How to Invest in Dycom Industries guide.At this time, Dycom Industries'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 76.7
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 4.34 in 2024.
Dycom Industries fundamental ratios Correlations
Click cells to compare fundamentals
Dycom Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dycom Industries fundamental ratios Accounts
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Additional Tools for Dycom Stock Analysis
When running Dycom Industries' price analysis, check to
measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to
predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.