Fidelity Capital Expenditures vs Net Income Analysis
FIS Stock | USD 76.31 0.93 1.20% |
Fidelity National financial indicator trend analysis is much more than just examining Fidelity National latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fidelity National is a good investment. Please check the relationship between Fidelity National Capital Expenditures and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fidelity National Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fidelity National's Capital Expenditures and Net Income is -0.64. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Fidelity National Information, assuming nothing else is changed. The correlation between historical values of Fidelity National's Capital Expenditures and Net Income 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 Fidelity National Information are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Fidelity National's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Fidelity National to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Fidelity National operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Fidelity National financial statement analysis. It represents the amount of money remaining after all of Fidelity National Information operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Fidelity National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fidelity National 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Fidelity National's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 1.2 M in 2024, whereas Tax Provision is likely to drop slightly above 223.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.2B | 5.7B | 3.7B | 2.1B | Total Revenue | 13.9B | 14.5B | 9.8B | 6.2B |
Fidelity National fundamental ratios Correlations
Click cells to compare fundamentals
Fidelity National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fidelity National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 83.8B | 83.8B | 82.9B | 63.3B | 55.1B | 57.9B | |
Total Stockholder Equity | 49.4B | 49.3B | 47.3B | 27.2B | 19.1B | 12.1B | |
Non Current Assets Total | 75.1B | 73.9B | 72.2B | 50.5B | 41.3B | 21.0B | |
Non Currrent Assets Other | 3.0B | 2.5B | 2.1B | (815M) | 19.1B | 20.1B | |
Common Stock Shares Outstanding | 451M | 627M | 621M | 604M | 591M | 305.0M | |
Liabilities And Stockholders Equity | 83.8B | 83.8B | 82.9B | 63.3B | 55.1B | 57.9B | |
Non Current Liabilities Total | 24.0B | 22.0B | 20.9B | 19.6B | 17.7B | 18.6B | |
Other Stockholder Equity | 45.3B | 45.8B | 44.2B | 42.5B | 42.2B | 44.3B | |
Total Liab | 34.4B | 34.4B | 35.4B | 35.9B | 36.0B | 37.8B | |
Short Long Term Debt Total | 20.2B | 20.0B | 20.4B | 20.1B | 19.3B | 20.3B | |
Other Current Liab | 4.2B | 4.9B | 5.3B | 6.8B | 9.4B | 9.9B | |
Total Current Liabilities | 10.4B | 12.4B | 14.5B | 16.2B | 18.3B | 19.2B | |
Property Plant And Equipment Net | 900M | 887M | 949M | 862M | 909M | 513.5M | |
Current Deferred Revenue | 817M | 881M | 779M | 788M | 832M | 508.9M | |
Net Debt | 19.0B | 18.1B | 18.3B | 17.9B | 18.9B | 19.8B | |
Retained Earnings | 4.2B | 3.4B | 2.9B | (15.0B) | (22.9B) | (21.7B) | |
Accounts Payable | 2.4B | 2.5B | 2.9B | 2.8B | 1.9B | 1.1B | |
Cash | 1.2B | 2.0B | 2.0B | 2.2B | 440M | 682.1M | |
Cash And Short Term Investments | 1.2B | 2.0B | 2.0B | 2.2B | 440M | 692.0M | |
Net Receivables | 4.4B | 4.4B | 4.1B | 4.2B | 2.0B | 1.8B | |
Inventory | 700M | 2.9B | 3.3B | 551M | 633.7M | 741.5M | |
Other Current Assets | 308M | 254M | 4.0B | 6.4B | 11.3B | 11.9B | |
Property Plant And Equipment Gross | 1.5B | 1.4B | 3.0B | 2.7B | 2.3B | 2.4B | |
Total Current Assets | 8.7B | 9.9B | 10.7B | 12.8B | 13.8B | 14.5B | |
Accumulated Other Comprehensive Income | (33M) | 57M | 252M | (360M) | (537M) | (510.2M) | |
Short Term Debt | 3.0B | 4.1B | 5.5B | 5.9B | 6.2B | 6.5B | |
Intangible Assets | 19.0B | 17.3B | 14.8B | 12.2B | 3.9B | 5.4B | |
Good Will | 52.2B | 53.3B | 53.3B | 34.3B | 17.0B | 16.6B | |
Other Liab | 6.3B | 6.0B | 6.1B | 5.1B | 5.9B | 6.2B | |
Other Assets | 2.3B | 5.9B | 3.1B | 3.1B | (1.9B) | (1.8B) | |
Long Term Debt | 17.2B | 16.0B | 14.8B | 14.2B | 13.0B | 7.9B | |
Property Plant Equipment | 900M | 887M | 949M | 862M | 991.3M | 558.6M | |
Short Term Investments | 677M | 700M | 2.9B | 3.3B | 3.7B | 3.9B | |
Treasury Stock | (4.7B) | (52M) | (150M) | (2.3B) | (2.0B) | (2.1B) | |
Net Tangible Assets | (21.8B) | (21.1B) | (20.8B) | (19.3B) | (17.3B) | (16.5B) | |
Noncontrolling Interest In Consolidated Entity | 7M | 16M | 13M | 11M | 9.9M | 9.4M | |
Retained Earnings Total Equity | 4.5B | 4.2B | 3.4B | 2.9B | 3.3B | 3.2B |
Pair Trading with Fidelity National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity National will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Stock
0.7 | KD | Kyndryl Holdings | PairCorr |
Moving against Fidelity Stock
0.74 | EPAM | EPAM Systems | PairCorr |
0.64 | III | Information Services | PairCorr |
0.61 | GMM | Global Mofy Metaverse | PairCorr |
0.61 | WIT | Wipro Limited ADR Financial Report 11th of July 2024 | PairCorr |
0.59 | ACN | Accenture plc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Fidelity National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity National Information to buy it.
The correlation of Fidelity National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Fidelity Stock analysis
When running Fidelity National's price analysis, check to measure Fidelity National'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 Fidelity National is operating at the current time. Most of Fidelity National's value examination focuses on studying past and present price action to predict the probability of Fidelity National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity National's price. Additionally, you may evaluate how the addition of Fidelity National to your portfolios can decrease your overall portfolio volatility.
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is Fidelity National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fidelity National. If investors know Fidelity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fidelity National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.367 | Dividend Share 1.92 | Earnings Share 0.72 | Revenue Per Share 16.85 | Quarterly Revenue Growth 0.029 |
The market value of Fidelity National is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity National's value that differs from its market value or its book value, called intrinsic value, which is Fidelity National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity National's market value can be influenced by many factors that don't directly affect Fidelity National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.