Domino’s Inventory vs Non Currrent Assets Other Analysis
DOM Stock | | | 207.60 0.20 0.1% |
Domino’s 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 Domino’s Pizza Inventory and its Non Currrent Assets Other 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 industry.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dominos Pizza Group Inventory account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Domino’s Pizza's Inventory and Non Currrent Assets Other is 0.55. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Dominos Pizza Group, assuming nothing else is changed. The correlation between historical values of Domino’s Pizza's Inventory and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Dominos Pizza Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Inventory i.e., Domino’s Pizza's Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Domino’s 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 industry.
The current year's
Selling General Administrative is expected to grow to about 163.1
M, whereas
Tax Provision is forecasted to decline to about 21.8
M.
Domino’s Pizza fundamental ratios Correlations
Click cells to compare fundamentals
Domino’s Pizza Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Domino’s Pizza fundamental ratios Accounts
Also Currently Popular
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 Domino’s 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. Domino’s Pizza Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Domino’s 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 Domino’s currently owns. An asset can also be divided into two categories, current and non-current.