DOM Stock | | | 308.20 4.20 1.38% |
Dominos Pizza financial indicator trend analysis is much more than just examining Dominos Pizza Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dominos Pizza Group is a good investment. Please check the relationship between Dominos Pizza Total Current Assets and its Cash And Short Term Investments accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominos Pizza Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For information on how to trade Dominos Stock refer to our
How to Trade Dominos Stock guide.
Total Current Assets vs Cash And Short Term Investments
Total Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dominos Pizza Group Total Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dominos Pizza's Total Current Assets and Cash And Short Term Investments is 0.46. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Dominos Pizza Group, assuming nothing else is changed. The correlation between historical values of Dominos Pizza's Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Dominos Pizza Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Dominos Pizza's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Dominos Pizza Group balance sheet. This account contains Dominos Pizza investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Dominos Pizza Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Dominos Pizza's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dominos Pizza Group 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominos Pizza Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For information on how to trade Dominos Stock refer to our
How to Trade Dominos Stock guide.The current year's
Selling General Administrative is expected to grow to about 169.8
M, whereas
Tax Provision is forecasted to decline to about 20
M.
Dominos Pizza fundamental ratios Correlations
Click cells to compare fundamentals
Dominos Pizza Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dominos Pizza 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.
Other Information on Investing in Dominos Stock
Balance Sheet is a snapshot of the
financial position of Dominos Pizza Group at a specified time, usually calculated after every quarter, six months, or one year. Dominos Pizza Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dominos Pizza 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 Dominos currently owns. An asset can also be divided into two categories, current and non-current.