HCKT Stock | | | USD 31.46 0.05 0.16% |
Hackett financial indicator trend analysis is much more than just examining Hackett Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hackett Group is a good investment. Please check the relationship between Hackett Non Current Assets Total and its Non Currrent Assets Other accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hackett Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Non Current Assets Total vs Non Currrent Assets Other
Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hackett Group Non Current Assets Total account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hackett's Non Current Assets Total and Non Currrent Assets Other is -0.07. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of The Hackett Group, assuming nothing else is changed. The correlation between historical values of Hackett's Non Current Assets Total and Non Currrent Assets Other 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 The Hackett Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Hackett's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Hackett's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hackett Group 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hackett Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
At this time, Hackett's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 17.44 in 2024, whereas
Discontinued Operations is likely to drop (6.6
K) in 2024.
Hackett fundamental ratios Correlations
Click cells to compare fundamentals
Hackett Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hackett fundamental ratios Accounts
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Additional Tools for Hackett Stock Analysis
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