W Stock | | | USD 42.63 0.22 0.52% |
Wayfair financial indicator trend analysis is more than just analyzing Wayfair current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wayfair is a good investment. Please check the relationship between Wayfair Accounts Payable and its Common Stock accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wayfair. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy Wayfair Stock please use our
How to Invest in Wayfair guide.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wayfair Accounts Payable account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Wayfair's Accounts Payable and Common Stock is 0.89. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of Wayfair, assuming nothing else is changed. The correlation between historical values of Wayfair's Accounts Payable and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Wayfair are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., Wayfair's Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Wayfair obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Wayfair are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Common Stock
Most indicators from Wayfair's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wayfair 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wayfair. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy Wayfair Stock please use our
How to Invest in Wayfair guide.At this time, Wayfair's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 15.8
M in 2024, whereas
Enterprise Value Multiple is likely to drop
(35.29) in 2024.
Wayfair fundamental ratios Correlations
Click cells to compare fundamentals
Wayfair Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wayfair fundamental ratios Accounts
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Additional Tools for Wayfair Stock Analysis
When running Wayfair's price analysis, check to
measure Wayfair's 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 Wayfair is operating at the current time. Most of Wayfair's value examination focuses on studying past and present price action to
predict the probability of Wayfair's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wayfair's price. Additionally, you may evaluate how the addition of Wayfair to your portfolios can decrease your overall portfolio volatility.