SHW Stock | | | USD 387.20 15.54 4.18% |
Sherwin Williams financial indicator trend analysis is much more than just breaking down Sherwin Williams prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sherwin Williams is a good investment. Please check the relationship between Sherwin Williams Capital Surpluse and its Accumulated Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sherwin Williams Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Capital Surpluse vs Accumulated Depreciation
Capital Surpluse vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sherwin Williams Capital Surpluse account and
Accumulated Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Sherwin Williams' Capital Surpluse and Accumulated Depreciation is -0.89. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of Sherwin Williams Co, assuming nothing else is changed. The correlation between historical values of Sherwin Williams' Capital Surpluse and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Sherwin Williams Co are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Capital Surpluse i.e., Sherwin Williams' Capital Surpluse and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Capital Surpluse
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Sherwin Williams Co fixed asset that has been charged to Sherwin Williams expense since that asset was acquired and made available for Sherwin Williams use. The accumulated depreciation account is Sherwin Williams 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 Sherwin Williams.
Most indicators from Sherwin Williams' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sherwin Williams 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sherwin Williams Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, Sherwin Williams'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.33 in 2024, whereas
Tax Provision is likely to drop slightly above 429.1
M in 2024.
Sherwin Williams fundamental ratios Correlations
Click cells to compare fundamentals
Sherwin Williams Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sherwin Williams fundamental ratios Accounts
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Additional Tools for Sherwin Stock Analysis
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measure Sherwin Williams' 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 Sherwin Williams is operating at the current time. Most of Sherwin Williams' value examination focuses on studying past and present price action to
predict the probability of Sherwin Williams' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sherwin Williams' price. Additionally, you may evaluate how the addition of Sherwin Williams to your portfolios can decrease your overall portfolio volatility.