| RCKY Stock | | | USD 22.84 0.45 2.01% |
Rocky Brands financial indicator trend analysis is much more than just breaking down Rocky Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocky Brands is a good investment. Please check the relationship between Rocky Brands Change To Inventory and its Free Cash Flow accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. 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.
For more information on how to buy Rocky Stock please use our
How to Invest in Rocky Brands guide.
Change To Inventory vs Free Cash Flow
Change To Inventory vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rocky Brands Change To Inventory account and
Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Rocky Brands' Change To Inventory and Free Cash Flow is 0.98. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Rocky Brands, assuming nothing else is changed. The correlation between historical values of Rocky Brands' Change To Inventory and Free 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 Change To Inventory of Rocky Brands are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Rocky Brands' Change To Inventory and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Rocky Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocky Brands 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. 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.
For more information on how to buy Rocky Stock please use our
How to Invest in Rocky Brands guide.At this time, Rocky Brands'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas
Selling General Administrative is likely to drop slightly above 59.6
M in 2024.
Rocky Brands fundamental ratios Correlations
Click cells to compare fundamentals
Rocky Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rocky Brands fundamental ratios Accounts
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Additional Tools for Rocky Stock Analysis
When running Rocky Brands' price analysis, check to
measure Rocky Brands' 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 Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to
predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.