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 Long Term Investments and its Cash And Equivalents 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.
Long Term Investments vs Cash And Equivalents
Long Term Investments vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wayfair Long Term Investments account and
Cash And Equivalents. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Wayfair's Long Term Investments and Cash And Equivalents is -0.66. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Wayfair, assuming nothing else is changed. The correlation between historical values of Wayfair's Long Term Investments and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Wayfair are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Long Term Investments i.e., Wayfair's Long Term Investments and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Wayfair balance sheet that represents investments Wayfair intends to hold for over a year. Wayfair long term investments may include different instruments such as stocks, bonds, real estate and cash.
Cash And Equivalents
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.