ROKU Stock | | | USD 78.80 1.79 2.22% |
Roku financial indicator trend analysis is much more than just breaking down Roku Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roku Inc is a good investment. Please check the relationship between Roku Net Borrowings and its Change To Inventory accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roku Inc. 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.
Net Borrowings vs Change To Inventory
Net Borrowings vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Roku Inc Net Borrowings account and
Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Roku's Net Borrowings and Change To Inventory is -0.08. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Roku Inc, assuming nothing else is changed. The correlation between historical values of Roku's Net Borrowings and Change To Inventory 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 Borrowings of Roku Inc are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Borrowings i.e., Roku's Net Borrowings and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Roku's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roku Inc 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 Roku Inc. 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, Roku's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 423.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Roku fundamental ratios Correlations
Click cells to compare fundamentals
Roku Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Roku fundamental ratios Accounts
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Additional Tools for Roku Stock Analysis
When running Roku's price analysis, check to
measure Roku'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 Roku is operating at the current time. Most of Roku's value examination focuses on studying past and present price action to
predict the probability of Roku's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roku's price. Additionally, you may evaluate how the addition of Roku to your portfolios can decrease your overall portfolio volatility.