RDW Capex To Depreciation vs Free Cash Flow Yield Analysis
| RDW-WT Stock | 6.49 0.09 1.37% |
RDW WT financial indicator trend analysis is much more than just breaking down RDW WT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RDW WT is a good investment. Please check the relationship between RDW WT Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RDW WT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Capex To Depreciation vs Free Cash Flow Yield
Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RDW WT Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between RDW WT's Capex To Depreciation and Free Cash Flow Yield is 0.47. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of RDW WT, assuming nothing else is changed. The correlation between historical values of RDW WT's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of RDW WT are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., RDW WT's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.47 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Thematic Opportunities
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