FC Stock | | | USD 37.58 0.27 0.72% |
Franklin Covey financial indicator trend analysis is much more than just examining Franklin Covey latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Franklin Covey is a good investment. Please check the relationship between Franklin Covey Pb Ratio and its Days Of Inventory On Hand accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Covey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For information on how to trade Franklin Stock refer to our
How to Trade Franklin Stock guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Franklin Covey Pb Ratio account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Franklin Covey's Pb Ratio and Days Of Inventory On Hand is 0.81. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Franklin Covey, assuming nothing else is changed. The correlation between historical values of Franklin Covey's Pb Ratio and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Franklin Covey are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Pb Ratio i.e., Franklin Covey's Pb Ratio and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Franklin Covey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Franklin Covey 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 Franklin Covey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For information on how to trade Franklin Stock refer to our
How to Trade Franklin Stock guide.The current year's
Tax Provision is expected to grow to about 10.1
M, whereas
Selling General Administrative is forecasted to decline to about 121.1
M.