| JCHAC Stock | | | 1,855 12.70 0.69% |
Johnson Controls financial indicator trend analysis is infinitely more than just investigating Johnson Controls recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Johnson Controls is a good investment. Please check the relationship between Johnson Controls Cash and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Controls . Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Johnson Controls Cash account and
Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Johnson Controls' Cash and Inventory is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Johnson Controls , assuming nothing else is changed. The correlation between historical values of Johnson Controls' Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Johnson Controls are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Johnson Controls' Cash and Inventory go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Johnson Controls, which is listed under current asset account on Johnson Controls balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Johnson Controls customers. The amounts must be unrestricted with restricted cash listed in a different Johnson Controls account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Inventory
Most indicators from Johnson Controls' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Johnson Controls 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 Johnson Controls . Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
As of the 28th of November 2024,
Selling General Administrative is likely to grow to about 2.1
B, though
Tax Provision is likely to grow to (221.3
M).
Johnson Controls fundamental ratios Correlations
Click cells to compare fundamentals
Johnson Controls Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Johnson Controls 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 Johnson Stock
Balance Sheet is a snapshot of the
financial position of Johnson Controls at a specified time, usually calculated after every quarter, six months, or one year. Johnson Controls Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Johnson Controls 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 Johnson currently owns. An asset can also be divided into two categories, current and non-current.