| NWPX Stock | | | USD 49.27 0.18 0.37% |
Northwest Pipe financial indicator trend analysis is infinitely more than just investigating Northwest Pipe recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northwest Pipe is a good investment. Please check the relationship between Northwest Pipe Net Income and its End Period Cash Flow accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.
Net Income vs End Period Cash Flow
Net Income vs End Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Northwest Pipe Net Income account and
End Period Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Northwest Pipe's Net Income and End Period Cash Flow is -0.05. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Northwest Pipe, assuming nothing else is changed. The correlation between historical values of Northwest Pipe's Net Income and End Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Northwest Pipe are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Net Income i.e., Northwest Pipe's Net Income and End Period Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.05 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Northwest Pipe financial statement analysis. It represents the amount of money remaining after all of Northwest Pipe operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
End Period Cash Flow
Most indicators from Northwest Pipe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northwest Pipe 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.At this time, Northwest Pipe's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 10.86 in 2024, whereas
Selling General Administrative is likely to drop slightly above 27.7
M in 2024.
Northwest Pipe fundamental ratios Correlations
Click cells to compare fundamentals
Northwest Pipe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northwest Pipe fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Northwest Stock Analysis
When running Northwest Pipe's price analysis, check to
measure Northwest Pipe'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 Northwest Pipe is operating at the current time. Most of Northwest Pipe's value examination focuses on studying past and present price action to
predict the probability of Northwest Pipe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northwest Pipe's price. Additionally, you may evaluate how the addition of Northwest Pipe to your portfolios can decrease your overall portfolio volatility.