NIKE Net Income vs Gross Profit Analysis
| NKE Stock | 14.23 0.26 1.79% |
NIKE financial indicator trend analysis is infinitely more than just investigating NIKE Inc CDR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIKE Inc CDR is a good investment. Please check the relationship between NIKE Net Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIKE Inc CDR. 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.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIKE Inc CDR Net Income account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NIKE's Net Income and Gross Profit is -0.69. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of NIKE Inc CDR, assuming nothing else is changed. The correlation between historical values of NIKE's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of NIKE Inc CDR are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., NIKE's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NIKE Inc CDR financial statement analysis. It represents the amount of money remaining after all of NIKE Inc CDR operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of NIKE Inc CDR minus its cost of goods sold. It is profit before NIKE operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from NIKE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIKE Inc CDR 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIKE Inc CDR. 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. As of the 2nd of February 2025, Tax Provision is likely to drop to about 1 B. In addition to that, Selling General Administrative is likely to drop to about 16.7 B
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 22.3B | 22.9B | 26.3B | 23.8B | Total Revenue | 51.2B | 51.4B | 59.1B | 53.3B |
NIKE fundamental ratios Correlations
Click cells to compare fundamentals
NIKE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NIKE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NIKE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NIKE will appreciate offsetting losses from the drop in the long position's value.Moving against NIKE Stock
| 0.64 | MATE | Blockmate Ventures | PairCorr |
| 0.62 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.62 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.36 | ERC | Eros Resources Corp | PairCorr |
| 0.32 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NIKE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NIKE Inc CDR to buy it.
The correlation of NIKE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NIKE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NIKE Stock
Balance Sheet is a snapshot of the financial position of NIKE Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. NIKE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NIKE 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 NIKE currently owns. An asset can also be divided into two categories, current and non-current.