Walmart Net Borrowings vs Change To Netincome Analysis
| WMT Stock | 39.96 0.22 0.55% |
Walmart financial indicator trend analysis is more than just analyzing Walmart Inc CDR current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Walmart Inc CDR is a good investment. Please check the relationship between Walmart Net Borrowings and its Change To Netincome accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart 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. To learn how to invest in Walmart Stock, please use our How to Invest in Walmart guide.
Net Borrowings vs Change To Netincome
Net Borrowings vs Change To Netincome Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walmart Inc CDR Net Borrowings account and Change To Netincome. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Walmart's Net Borrowings and Change To Netincome is -0.08. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Walmart Inc CDR, assuming nothing else is changed. The correlation between historical values of Walmart's Net Borrowings and Change To Netincome 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 Borrowings of Walmart Inc CDR are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Borrowings i.e., Walmart's Net Borrowings and Change To Netincome go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Change To Netincome
Most indicators from Walmart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Walmart 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart 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. To learn how to invest in Walmart Stock, please use our How to Invest in Walmart guide.As of the 28th of November 2024, Tax Provision is likely to grow to about 6.1 B. Also, Selling General Administrative is likely to grow to about 132.2 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.0B | 2.1B | 2.7B | 1.9B | Interest Income | 158M | 254M | 546M | 279.0M |
Walmart fundamental ratios Correlations
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Walmart Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Walmart
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 Walmart 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 Walmart will appreciate offsetting losses from the drop in the long position's value.Moving together with Walmart Stock
The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart 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 Walmart - 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 Walmart Inc CDR to buy it.
The correlation of Walmart 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 Walmart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walmart 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 Walmart 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 Walmart Stock
Balance Sheet is a snapshot of the financial position of Walmart Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. Walmart Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Walmart 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 Walmart currently owns. An asset can also be divided into two categories, current and non-current.