ARW Stock | | | USD 119.26 2.31 1.98% |
Arrow Electronics financial indicator trend analysis is way more than just evaluating Arrow Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arrow Electronics is a good investment. Please check the relationship between Arrow Electronics Accumulated Depreciation and its Cash And Equivalents accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Arrow Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Arrow Stock please use our
How to Invest in Arrow Electronics guide.
Accumulated Depreciation vs Cash And Equivalents
Accumulated Depreciation vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Arrow Electronics Accumulated Depreciation account and
Cash And Equivalents. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Arrow Electronics' Accumulated Depreciation and Cash And Equivalents is -0.58. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Arrow Electronics, assuming nothing else is changed. The correlation between historical values of Arrow Electronics' Accumulated Depreciation and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Arrow Electronics are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Accumulated Depreciation i.e., Arrow Electronics' Accumulated Depreciation and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Arrow Electronics fixed asset that has been charged to Arrow Electronics expense since that asset was acquired and made available for Arrow Electronics use. The accumulated depreciation account is Arrow Electronics asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Arrow Electronics.
Cash And Equivalents
Most indicators from Arrow Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arrow Electronics 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 Arrow Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Arrow Stock please use our
How to Invest in Arrow Electronics guide.At this time, Arrow Electronics'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 9.8
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.3
B in 2024.
Arrow Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Arrow Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arrow Electronics fundamental ratios Accounts
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Additional Tools for Arrow Stock Analysis
When running Arrow Electronics' price analysis, check to
measure Arrow Electronics' 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 Arrow Electronics is operating at the current time. Most of Arrow Electronics' value examination focuses on studying past and present price action to
predict the probability of Arrow Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arrow Electronics' price. Additionally, you may evaluate how the addition of Arrow Electronics to your portfolios can decrease your overall portfolio volatility.