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 Property Plant And Equipment Net and its Total Current Assets 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.
Property Plant And Equipment Net vs Total Current Assets
Property Plant And Equipment Net vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JD Sports Fashion Property Plant And Equipment Net account and
Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between JD Sports' Property Plant And Equipment Net and Total Current Assets is 0.95. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Current Assets 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' Property Plant And Equipment Net and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of JD Sports Fashion are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., JD Sports' Property Plant And Equipment Net and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.
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.