WIX Stock | | | USD 219.19 8.92 4.24% |
WixCom financial indicator trend analysis is more than just analyzing WixCom current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WixCom is a good investment. Please check the relationship between WixCom Other Current Liab and its Cash accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy WixCom Stock please use our
How to Invest in WixCom guide.
Other Current Liab vs Cash
Other Current Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WixCom Other Current Liab account and
Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between WixCom's Other Current Liab and Cash is 0.23. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of WixCom, assuming nothing else is changed. The correlation between historical values of WixCom's Other Current Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of WixCom are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., WixCom's Other Current Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Liab
Cash
Cash refers to the most liquid asset of WixCom, which is listed under current asset account on WixCom balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from WixCom customers. The amounts must be unrestricted with restricted cash listed in a different WixCom account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from WixCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WixCom 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 WixCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy WixCom Stock please use our
How to Invest in WixCom guide.At this time, WixCom's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, despite the fact that
Tax Provision is likely to grow to (6.4
M).
WixCom fundamental ratios Correlations
Click cells to compare fundamentals
WixCom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WixCom fundamental ratios Accounts
Also Currently Popular
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 WixCom Stock Analysis
When running WixCom's price analysis, check to
measure WixCom'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 WixCom is operating at the current time. Most of WixCom's value examination focuses on studying past and present price action to
predict the probability of WixCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WixCom's price. Additionally, you may evaluate how the addition of WixCom to your portfolios can decrease your overall portfolio volatility.