JKHY Stock | | | USD 176.18 2.22 1.28% |
Jack Henry financial indicator trend analysis is infinitely more than just investigating Jack Henry Associates recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jack Henry Associates is a good investment. Please check the relationship between Jack Henry Property Plant And Equipment Net and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jack Henry Associates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Property Plant And Equipment Net vs Inventory
Property Plant And Equipment Net vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jack Henry Associates Property Plant And Equipment Net account and
Inventory. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Jack Henry's Property Plant And Equipment Net and Inventory is 0.14. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of Jack Henry Associates, assuming nothing else is changed. The correlation between historical values of Jack Henry's Property Plant And Equipment Net and Inventory 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 Jack Henry Associates are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Property Plant And Equipment Net i.e., Jack Henry's Property Plant And Equipment Net and Inventory go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.
Inventory
Most indicators from Jack Henry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jack Henry Associates 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 Jack Henry Associates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, Jack Henry's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 9.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 102.5
M in 2024.
Jack Henry fundamental ratios Correlations
Click cells to compare fundamentals
Jack Henry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jack Henry fundamental ratios Accounts
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