| WU Stock | | | USD 11.02 0.08 0.72% |
Western Union financial indicator trend analysis is more than just analyzing Western Union current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Union is a good investment. Please check the relationship between Western Union Capital Expenditures and its Depreciation accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Union 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 employment.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Western Union Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Union's Capital Expenditures and Depreciation is 0.72. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Western Union Co, assuming nothing else is changed. The correlation between historical values of Western Union's Capital Expenditures and 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 Expenditures of Western Union Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Western Union's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by Western Union to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Western Union operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Western Union value has been used up. For tax purposes Western Union can deduct the cost of the tangible assets it purchases as business expenses. However, Western Union Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Western Union's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Union 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 Western Union 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 employment.
At this time, Western Union's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 9.41 in 2024, whereas
Tax Provision is likely to drop slightly above 66.3
M in 2024.
Western Union fundamental ratios Correlations
Click cells to compare fundamentals
Western Union Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Union fundamental ratios Accounts
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Additional Tools for Western Stock Analysis
When running Western Union's price analysis, check to
measure Western Union'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 Western Union is operating at the current time. Most of Western Union's value examination focuses on studying past and present price action to
predict the probability of Western Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Union's price. Additionally, you may evaluate how the addition of Western Union to your portfolios can decrease your overall portfolio volatility.