ROOT Stock | | | USD 76.30 0.01 0.01% |
Root financial indicator trend analysis is much more than just breaking down Root Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Root Inc is a good investment. Please check the relationship between Root Capital Expenditures and its Free Cash Flow accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Root 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 persons.
Capital Expenditures vs Free Cash Flow
Capital Expenditures vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Root Inc Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between Root's Capital Expenditures and Free Cash Flow is -0.74. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Root Inc, assuming nothing else is changed. The correlation between historical values of Root's Capital Expenditures 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 Capital Expenditures of Root Inc 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 Capital Expenditures i.e., Root's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.74 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Root Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Root operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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 Root's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Root 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 Root 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 persons.
At this time, Root's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 2.71 in 2024, whereas
Selling General Administrative is likely to drop slightly above 80.5
M in 2024.
Root fundamental ratios Correlations
Click cells to compare fundamentals
Root Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Root fundamental ratios Accounts
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Additional Tools for Root Stock Analysis
When running Root's price analysis, check to
measure Root'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 Root is operating at the current time. Most of Root's value examination focuses on studying past and present price action to
predict the probability of Root's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Root's price. Additionally, you may evaluate how the addition of Root to your portfolios can decrease your overall portfolio volatility.