RELX Stock | | | USD 45.58 0.31 0.68% |
Relx PLC financial indicator trend analysis is much more than just breaking down Relx PLC ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Relx PLC ADR is a good investment. Please check the relationship between Relx PLC Income Quality and its Interest Coverage accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Relx PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Income Quality vs Interest Coverage
Income Quality vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Relx PLC ADR Income Quality account and
Interest Coverage. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Relx PLC's Income Quality and Interest Coverage is 0.42. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Relx PLC ADR, assuming nothing else is changed. The correlation between historical values of Relx PLC's Income Quality and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Relx PLC ADR are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Quality i.e., Relx PLC's Income Quality and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Interest Coverage
Most indicators from Relx PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Relx PLC ADR 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 Relx PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Relx PLC's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 21.90 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
B in 2024.
Relx PLC fundamental ratios Correlations
Click cells to compare fundamentals
Relx PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Relx PLC fundamental ratios Accounts
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Additional Tools for Relx Stock Analysis
When running Relx PLC's price analysis, check to
measure Relx PLC'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 Relx PLC is operating at the current time. Most of Relx PLC's value examination focuses on studying past and present price action to
predict the probability of Relx PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Relx PLC's price. Additionally, you may evaluate how the addition of Relx PLC to your portfolios can decrease your overall portfolio volatility.