| 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 Short Term Investments and its Total Current Liabilities 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.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Johnson Controls Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Johnson Controls' Short Term Investments and Total Current Liabilities is -0.12. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities 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' Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Johnson Controls are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Johnson Controls' Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Johnson Controls balance sheet. It contains any investments Johnson Controls undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Johnson Controls can easily liquidate in the marketplace.
Total Current Liabilities
Total Current Liabilities is an item on Johnson Controls balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Johnson Controls are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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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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.