GWW Stock | | | USD 1,216 9.11 0.75% |
WW Grainger financial indicator trend analysis is more than just analyzing WW Grainger current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WW Grainger is a good investment. Please check the relationship between WW Grainger Accumulated Depreciation and its Deferred Long Term Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WW Grainger. 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.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.
Accumulated Depreciation vs Deferred Long Term Liab
Accumulated Depreciation vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WW Grainger Accumulated Depreciation account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between WW Grainger's Accumulated Depreciation and Deferred Long Term Liab is -0.46. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of WW Grainger, assuming nothing else is changed. The correlation between historical values of WW Grainger's Accumulated Depreciation and Deferred Long Term Liab 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 WW Grainger are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Accumulated Depreciation i.e., WW Grainger's Accumulated Depreciation and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for WW Grainger fixed asset that has been charged to WW Grainger expense since that asset was acquired and made available for WW Grainger use. The accumulated depreciation account is WW Grainger 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 WW Grainger.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from WW Grainger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WW Grainger 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 WW Grainger. 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.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.At this time, WW Grainger's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 9.4
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.3
B in 2024.
WW Grainger fundamental ratios Correlations
Click cells to compare fundamentals
WW Grainger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WW Grainger fundamental ratios Accounts
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Additional Tools for GWW Stock Analysis
When running WW Grainger's price analysis, check to
measure WW Grainger'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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to
predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.