JD Stock | | | 103.40 1.75 1.72% |
JD Sports financial indicator trend analysis is infinitely more than just investigating JD Sports Fashion recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JD Sports Fashion is a good investment. Please check the relationship between JD Sports Non Current Assets Total and its Short Term Debt accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JD Sports Fashion. 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.
Non Current Assets Total vs Short Term Debt
Non Current Assets Total vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JD Sports Fashion Non Current Assets Total account and
Short Term Debt. At this time, the significance of the direction appears to have totally related.
The correlation between JD Sports' Non Current Assets Total and Short Term Debt is 0.99. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of JD Sports Fashion, assuming nothing else is changed. The correlation between historical values of JD Sports' Non Current Assets Total and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of JD Sports Fashion are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Non Current Assets Total i.e., JD Sports' Non Current Assets Total and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Short Term Debt
Most indicators from JD Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JD Sports Fashion 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JD Sports Fashion. 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.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 131
M. In addition to that,
Discontinued Operations is expected to decline to about (14.9
M)
JD Sports fundamental ratios Correlations
Click cells to compare fundamentals
JD Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JD Sports 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.
Other Information on Investing in JD Sports Stock
Balance Sheet is a snapshot of the
financial position of JD Sports Fashion at a specified time, usually calculated after every quarter, six months, or one year. JD Sports Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JD Sports 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 JD Sports currently owns. An asset can also be divided into two categories, current and non-current.