STX Stock | | | USD 98.39 0.58 0.59% |
Seagate Technology financial indicator trend analysis is much more than just breaking down Seagate Technology PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seagate Technology PLC is a good investment. Please check the relationship between Seagate Technology Net Invested Capital and its Intangible Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Net Invested Capital vs Intangible Assets
Net Invested Capital vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Seagate Technology PLC Net Invested Capital account and
Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Seagate Technology's Net Invested Capital and Intangible Assets is 0.65. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Seagate Technology PLC, assuming nothing else is changed. The correlation between historical values of Seagate Technology's Net Invested Capital and Intangible Assets 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 Invested Capital of Seagate Technology PLC are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Invested Capital i.e., Seagate Technology's Net Invested Capital and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Seagate Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seagate Technology PLC 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Seagate Technology's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 115.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 55.2
M in 2024.
Seagate Technology fundamental ratios Correlations
Click cells to compare fundamentals
Seagate Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Seagate Technology fundamental ratios Accounts
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Additional Tools for Seagate Stock Analysis
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predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.