GDDY Stock | | | USD 196.35 3.34 1.73% |
Godaddy financial indicator trend analysis is much more than just examining Godaddy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godaddy is a good investment. Please check the relationship between Godaddy Sale Purchase Of Stock and its Capital Expenditures accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godaddy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Godaddy Stock please use our
How to Invest in Godaddy guide.
Sale Purchase Of Stock vs Capital Expenditures
Sale Purchase Of Stock vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godaddy Sale Purchase Of Stock account and
Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Godaddy's Sale Purchase Of Stock and Capital Expenditures is -0.14. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Godaddy, assuming nothing else is changed. The correlation between historical values of Godaddy's Sale Purchase Of Stock 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 Sale Purchase Of Stock of Godaddy 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 Sale Purchase Of Stock i.e., Godaddy's Sale Purchase Of Stock and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Sale Purchase Of Stock
Capital Expenditures
Capital Expenditures are funds used by Godaddy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Godaddy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Godaddy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godaddy 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godaddy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Godaddy Stock please use our
How to Invest in Godaddy guide.At this time, Godaddy's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 37.07 in 2024, whereas
Selling General Administrative is likely to drop slightly above 299.2
M in 2024.
Godaddy fundamental ratios Correlations
Click cells to compare fundamentals
Godaddy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Godaddy 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.
Additional Tools for Godaddy Stock Analysis
When running Godaddy's price analysis, check to
measure Godaddy'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 Godaddy is operating at the current time. Most of Godaddy's value examination focuses on studying past and present price action to
predict the probability of Godaddy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godaddy's price. Additionally, you may evaluate how the addition of Godaddy to your portfolios can decrease your overall portfolio volatility.