0R3C Stock | | | 299.68 5.49 1.87% |
American Express financial indicator trend analysis is way more than just evaluating American Express prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Express is a good investment. Please check the relationship between American Express Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Express 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 board of governors.
For more information on how to buy American Stock please use our
How to Invest in American Express guide.
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
American Express Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between American Express' Capital Expenditures and Depreciation is 0.76. 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 American Express Co, assuming nothing else is changed. The correlation between historical values of American Express' 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 American Express 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., American Express' Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by American Express to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of American Express 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 American Express value has been used up. For tax purposes American Express can deduct the cost of the tangible assets it purchases as business expenses. However, American Express 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 American Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Express 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Express 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 board of governors.
For more information on how to buy American Stock please use our
How to Invest in American Express guide.
Selling General Administrative is likely to drop to about 5.9
B in 2024.
Tax Provision is likely to drop to about 2
B in 2024
American Express fundamental ratios Correlations
Click cells to compare fundamentals
American Express Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Express fundamental ratios Accounts
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Additional Tools for American Stock Analysis
When running American Express' price analysis, check to
measure American Express' 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 American Express is operating at the current time. Most of American Express' value examination focuses on studying past and present price action to
predict the probability of American Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Express' price. Additionally, you may evaluate how the addition of American Express to your portfolios can decrease your overall portfolio volatility.