CHWY Stock | | | USD 34.89 0.98 2.73% |
Chewy financial indicator trend analysis is way more than just evaluating Chewy Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chewy Inc is a good investment. Please check the relationship between Chewy Change To Account Receivables and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy 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 housing.
Change To Account Receivables vs Capital Expenditures
Change To Account Receivables vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chewy Inc Change To Account Receivables account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chewy's Change To Account Receivables and Capital Expenditures is -0.29. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Chewy Inc, assuming nothing else is changed. The correlation between historical values of Chewy's Change To Account Receivables and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Chewy Inc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Account Receivables i.e., Chewy's Change To Account Receivables and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Account Receivables
Capital Expenditures
Capital Expenditures are funds used by Chewy 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 Chewy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Chewy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chewy 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy 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 housing.
At this time, Chewy's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is expected to grow at the current pace this year, whereas
Selling General Administrative is likely to drop slightly above 1.4
B in 2024.
Chewy fundamental ratios Correlations
Click cells to compare fundamentals
Chewy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chewy fundamental ratios Accounts
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Additional Tools for Chewy Stock Analysis
When running Chewy's price analysis, check to
measure Chewy'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 Chewy is operating at the current time. Most of Chewy's value examination focuses on studying past and present price action to
predict the probability of Chewy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chewy's price. Additionally, you may evaluate how the addition of Chewy to your portfolios can decrease your overall portfolio volatility.