DOM Stock | | | 340.20 1.00 0.29% |
Dominos Pizza financial indicator trend analysis is much more than just examining Dominos Pizza Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dominos Pizza Group is a good investment. Please check the relationship between Dominos Pizza Interest Expense and its Tax Provision accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominos Pizza Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For information on how to trade Dominos Stock refer to our
How to Trade Dominos Stock guide.
Interest Expense vs Tax Provision
Interest Expense vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dominos Pizza Group Interest Expense account and
Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dominos Pizza's Interest Expense and Tax Provision is 0.58. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Dominos Pizza Group, assuming nothing else is changed. The correlation between historical values of Dominos Pizza's Interest Expense and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Dominos Pizza Group are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Interest Expense i.e., Dominos Pizza's Interest Expense and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Dominos Pizza's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dominos Pizza Group 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 Dominos Pizza Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For information on how to trade Dominos Stock refer to our
How to Trade Dominos Stock guide.The current year's
Selling General Administrative is expected to grow to about 169.8
M, whereas Tax Provision is forecasted to decline to about 20
M.
Dominos Pizza fundamental ratios Correlations
Click cells to compare fundamentals
Dominos Pizza Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dominos Pizza fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Dominos Stock
Balance Sheet is a snapshot of the
financial position of Dominos Pizza Group at a specified time, usually calculated after every quarter, six months, or one year. Dominos Pizza Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dominos Pizza and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dominos currently owns. An asset can also be divided into two categories, current and non-current.