JPMorgan Total Current Assets vs Cash And Short Term Investments Analysis

JEMI Stock   130.00  0.50  0.39%   
JPMorgan Global financial indicator trend analysis is infinitely more than just investigating JPMorgan Global Emerging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JPMorgan Global Emerging is a good investment. Please check the relationship between JPMorgan Global Total Current Assets and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Global Emerging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JPMorgan Global Emerging Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between JPMorgan Global's Total Current Assets and Cash And Short Term Investments is 0.88. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of JPMorgan Global Emerging, assuming nothing else is changed. The correlation between historical values of JPMorgan Global's Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of JPMorgan Global Emerging are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., JPMorgan Global's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of JPMorgan Global Emerging balance sheet. This account contains JPMorgan Global investments that will expire within one year. These investments include stocks and bonds that can be liquidated by JPMorgan Global Emerging fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from JPMorgan Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JPMorgan Global Emerging 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 JPMorgan Global Emerging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 817.5 K in 2024. Tax Provision is likely to drop to about 2.3 M in 2024

JPMorgan Global fundamental ratios Correlations

0.020.231.00.590.87-0.360.261.0-0.930.260.320.920.920.690.280.880.360.910.950.69-0.210.770.8-0.220.4
0.02-0.720.02-0.02-0.05-0.330.140.010.00.140.320.020.03-0.33-0.130.090.260.00.140.05-0.130.020.05-0.040.14
0.23-0.720.240.280.36-0.180.00.23-0.170.00.120.110.150.12-0.160.140.070.140.180.270.130.180.26-0.04-0.07
1.00.020.240.580.87-0.370.241.0-0.920.240.310.910.910.690.280.870.330.90.940.69-0.210.780.81-0.210.4
0.59-0.020.280.580.35-0.180.260.58-0.490.260.290.480.60.34-0.160.560.340.60.590.090.560.360.240.11-0.48
0.87-0.050.360.870.35-0.330.080.87-0.710.080.260.760.730.480.250.780.20.70.790.81-0.310.710.83-0.30.56
-0.36-0.33-0.18-0.37-0.18-0.33-0.06-0.360.29-0.060.01-0.18-0.22-0.060.33-0.1-0.04-0.15-0.44-0.420.23-0.58-0.560.11-0.31
0.260.140.00.240.260.08-0.060.23-0.321.00.320.350.390.370.080.490.880.410.450.050.01-0.14-0.09-0.15-0.05
1.00.010.231.00.580.87-0.360.23-0.920.230.30.910.910.690.280.870.320.90.940.69-0.220.790.82-0.220.41
-0.930.0-0.17-0.92-0.49-0.710.29-0.32-0.92-0.32-0.29-0.87-0.87-0.71-0.33-0.83-0.38-0.88-0.9-0.640.32-0.71-0.740.26-0.42
0.260.140.00.240.260.08-0.061.00.23-0.320.320.350.390.370.080.490.880.410.450.050.01-0.14-0.09-0.15-0.05
0.320.320.120.310.290.260.010.320.3-0.290.320.360.4-0.190.060.50.730.390.380.16-0.02-0.110.120.050.02
0.920.020.110.910.480.76-0.180.350.91-0.870.350.360.970.770.510.870.440.960.910.51-0.220.60.58-0.240.42
0.920.030.150.910.60.73-0.220.390.91-0.870.390.40.970.720.350.880.490.990.910.5-0.170.620.59-0.250.28
0.69-0.330.120.690.340.48-0.060.370.69-0.710.37-0.190.770.720.460.610.170.740.690.26-0.160.550.38-0.180.3
0.28-0.13-0.160.28-0.160.250.330.080.28-0.330.080.060.510.350.460.260.080.430.250.07-0.32-0.060.0-0.070.4
0.880.090.140.870.560.78-0.10.490.87-0.830.490.50.870.880.610.260.610.880.910.55-0.180.550.57-0.320.31
0.360.260.070.330.340.2-0.040.880.32-0.380.880.730.440.490.170.080.610.490.520.120.0-0.150.0-0.09-0.03
0.910.00.140.90.60.7-0.150.410.9-0.880.410.390.960.990.740.430.880.490.890.46-0.180.570.55-0.240.25
0.950.140.180.940.590.79-0.440.450.94-0.90.450.380.910.910.690.250.910.520.890.59-0.20.70.69-0.260.39
0.690.050.270.690.090.81-0.420.050.69-0.640.050.160.510.50.260.070.550.120.460.59-0.510.660.88-0.490.64
-0.21-0.130.13-0.210.56-0.310.230.01-0.220.320.01-0.02-0.22-0.17-0.16-0.32-0.180.0-0.18-0.2-0.51-0.35-0.480.44-0.83
0.770.020.180.780.360.71-0.58-0.140.79-0.71-0.14-0.110.60.620.55-0.060.55-0.150.570.70.66-0.350.87-0.340.48
0.80.050.260.810.240.83-0.56-0.090.82-0.74-0.090.120.580.590.380.00.570.00.550.690.88-0.480.87-0.250.6
-0.22-0.04-0.04-0.210.11-0.30.11-0.15-0.220.26-0.150.05-0.24-0.25-0.18-0.07-0.32-0.09-0.24-0.26-0.490.44-0.34-0.25-0.41
0.40.14-0.070.4-0.480.56-0.31-0.050.41-0.42-0.050.020.420.280.30.40.31-0.030.250.390.64-0.830.480.6-0.41
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JPMorgan Global Account Relationship Matchups

JPMorgan Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets410.6M481.7M453.3M469.5M471.3M422.1M
Other Current Liab(3.6M)(80K)13.2M(31.8M)(263K)(276.2K)
Total Current Liabilities3.6M80K3.3M31.6M539K512.1K
Total Stockholder Equity376.4M452.5M416.5M437.8M438.6M390.3M
Net Debt23.9M26.3M28.6M27.6M(3.2M)(3.0M)
Retained Earnings15.1M14.7M17.7M19.1M20.1M15.3M
Accounts Payable3.6M80K3.3M199K263K249.9K
Cash6.5M2.5M4.3M3.5M3.2M4.6M
Non Current Assets Total402.3M476.7M440.4M462.7M465.4M414.1M
Non Currrent Assets Other(402.3M)(476.7M)(440.4M)(462.7M)(465.4M)(488.6M)
Cash And Short Term Investments6.5M2.5M4.3M3.5M3.2M4.6M
Net Receivables1.8M2.5M8.6M3.4M2.8M3.4M
Common Stock Shares Outstanding295.9M296.9M297.2M296.7M294.2M289.8M
Liabilities And Stockholders Equity410.6M481.7M453.3M469.5M471.3M422.1M
Non Current Liabilities Total30.5M28.8M3.3M31.1M35.8M24.9M
Total Liab34.2M29.2M36.7M31.6M32.7M31.7M
Total Current Assets8.3M5.0M12.8M6.9M6.0M7.9M
Short Long Term Debt Total30.5M28.8M32.9M31.1M35.8M27.2M
Other Assets410.6M481.7M453.3M471.3M542.0M569.1M
Other Current Assets(8.3M)(5.0M)(12.8M)(6.9M)(6.0M)(6.3M)
Long Term Investments402.3M476.7M440.4M462.7M465.4M476.7M
Accumulated Other Comprehensive Income135.7M212.3M173.3M193.1M102.3M174.8M
Long Term Debt30.5M32.7M15.2M28.8M25.9M22.0M
Net Invested Capital406.9M481.3M449.4M468.9M469.8M493.0M

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