0IZI Stock | | | 1,158 6.98 0.61% |
WW Grainger financial indicator trend analysis is more than just analyzing WW Grainger current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WW Grainger is a good investment. Please check the relationship between WW Grainger Sale Purchase Of Stock and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy 0IZI Stock please use our
How to Invest in WW Grainger guide.
Sale Purchase Of Stock vs Depreciation
Sale Purchase Of Stock vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WW Grainger Sale Purchase Of Stock account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between WW Grainger's Sale Purchase Of Stock and Depreciation is 0.58. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Depreciation in the same time period over historical financial statements of WW Grainger, assuming nothing else is changed. The correlation between historical values of WW Grainger's Sale Purchase Of Stock and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of WW Grainger are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Sale Purchase Of Stock i.e., WW Grainger's Sale Purchase Of Stock and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Sale Purchase Of Stock
Depreciation
Depreciation indicates how much of WW Grainger value has been used up. For tax purposes WW Grainger can deduct the cost of the tangible assets it purchases as business expenses. However, WW Grainger must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from WW Grainger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WW Grainger 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy 0IZI Stock please use our
How to Invest in WW Grainger guide.
Selling General Administrative is likely to drop to about 3
B in 2024.
Tax Provision is likely to drop to about 319.2
M in 2024
WW Grainger fundamental ratios Correlations
Click cells to compare fundamentals
WW Grainger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WW Grainger fundamental ratios Accounts
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Additional Tools for 0IZI Stock Analysis
When running WW Grainger's price analysis, check to
measure WW Grainger'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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to
predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.