Kroger Other Non Cash Items vs Sale Purchase Of Stock Analysis

KR Stock  USD 62.34  0.42  0.67%   
Kroger financial indicator trend analysis is infinitely more than just investigating Kroger Company recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kroger Company is a good investment. Please check the relationship between Kroger Other Non Cash Items and its Sale Purchase Of Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Other Non Cash Items vs Sale Purchase Of Stock

JavaScript chart by amCharts 3.21.15201420162018202020222024-2B-1.8B-1.6B-1.4B-1.2B-1B-800M-600M-400M-200M0200M400M600M800M1B1.2B1.4B1.6B -2B-1.8B-1.6B-1.4B-1.2B-1B-800M-600M-400M-200M
JavaScript chart by amCharts 3.21.15Other Non Cash Itemstotal: 894.7MSale Purchase Of Stocktotal: -12.6B

Other Non Cash Items vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kroger Company Other Non Cash Items account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have very week relationship.
Other Non Cash ItemsSale Purchase Of StockDiversified AwayOther Non Cash ItemsSale Purchase Of StockDiversified Away100%
The correlation between Kroger's Other Non Cash Items and Sale Purchase Of Stock is 0.28. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Kroger Company, assuming nothing else is changed. The correlation between historical values of Kroger's Other Non Cash Items and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Kroger Company are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Other Non Cash Items i.e., Kroger's Other Non Cash Items and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Non Cash Items

Sale Purchase Of Stock

Most indicators from Kroger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kroger Company 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Kroger's Selling General Administrative is relatively stable compared to the past year. As of 12/29/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop slightly above 484.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense571M535M441M537.6M
Depreciation And Amortization3.4B3.6B3.8B3.9B

Kroger fundamental ratios Correlations

0.840.660.770.970.990.830.980.691.00.620.90.96-0.180.990.760.47-0.981.00.80.330.90.790.880.760.78
0.840.850.940.740.821.00.790.420.840.530.640.77-0.470.860.920.52-0.850.860.950.530.580.430.890.860.85
0.660.850.840.530.650.850.610.260.670.250.460.62-0.420.680.80.69-0.690.70.810.450.320.140.680.650.64
0.770.940.840.660.740.930.710.310.760.370.570.75-0.340.760.980.59-0.780.80.990.680.540.340.880.850.85
0.970.740.530.660.980.730.990.750.980.620.930.96-0.20.960.640.39-0.960.960.690.20.950.890.810.710.74
0.990.820.650.740.980.810.980.721.00.60.910.95-0.180.990.730.43-0.970.990.760.260.910.820.830.720.74
0.831.00.850.930.730.810.780.350.830.490.610.77-0.460.850.930.55-0.840.850.940.570.560.40.90.860.85
0.980.790.610.710.990.980.780.730.980.610.920.95-0.250.970.680.45-0.990.970.730.260.920.850.820.740.76
0.690.420.260.310.750.720.350.730.70.720.90.59-0.090.70.24-0.03-0.670.670.36-0.240.760.80.380.330.35
1.00.840.670.760.981.00.830.980.70.630.90.96-0.20.990.750.45-0.981.00.790.30.90.80.860.750.77
0.620.530.250.370.620.60.490.610.720.630.730.46-0.220.660.35-0.15-0.60.620.430.090.550.530.560.480.5
0.90.640.460.570.930.910.610.920.90.90.730.82-0.140.890.510.23-0.880.880.610.070.910.880.660.550.57
0.960.770.620.750.960.950.770.950.590.960.460.82-0.130.930.750.56-0.940.960.770.350.90.790.870.780.81
-0.18-0.47-0.42-0.34-0.2-0.18-0.46-0.25-0.09-0.2-0.22-0.14-0.13-0.22-0.23-0.240.33-0.17-0.35-0.040.01-0.01-0.28-0.48-0.46
0.990.860.680.760.960.990.850.970.70.990.660.890.93-0.220.760.43-0.960.990.790.280.860.760.860.740.76
0.760.920.80.980.640.730.930.680.240.750.350.510.75-0.230.760.58-0.750.790.980.690.530.330.90.830.82
0.470.520.690.590.390.430.550.45-0.030.45-0.150.230.56-0.240.430.58-0.50.480.590.490.270.120.530.510.51
-0.98-0.85-0.69-0.78-0.96-0.97-0.84-0.99-0.67-0.98-0.6-0.88-0.940.33-0.96-0.75-0.5-0.97-0.8-0.35-0.87-0.77-0.86-0.8-0.82
1.00.860.70.80.960.990.850.970.671.00.620.880.96-0.170.990.790.48-0.970.820.370.880.760.890.760.78
0.80.950.810.990.690.760.940.730.360.790.430.610.77-0.350.790.980.59-0.80.820.640.580.390.910.870.86
0.330.530.450.680.20.260.570.26-0.240.30.090.070.35-0.040.280.690.49-0.350.370.640.13-0.080.590.590.58
0.90.580.320.540.950.910.560.920.760.90.550.910.90.010.860.530.27-0.870.880.580.130.970.710.580.61
0.790.430.140.340.890.820.40.850.80.80.530.880.79-0.010.760.330.12-0.770.760.39-0.080.970.540.440.47
0.880.890.680.880.810.830.90.820.380.860.560.660.87-0.280.860.90.53-0.860.890.910.590.710.540.90.9
0.760.860.650.850.710.720.860.740.330.750.480.550.78-0.480.740.830.51-0.80.760.870.590.580.440.91.0
0.780.850.640.850.740.740.850.760.350.770.50.570.81-0.460.760.820.51-0.820.780.860.580.610.470.91.0
Click cells to compare fundamentals

Kroger Account Relationship Matchups

Kroger fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets45.2B48.6B49.1B49.5B50.5B53.0B
Short Long Term Debt Total21.2B20.6B20.4B20.4B19.2B9.7B
Other Current Liab5.3B6.4B7.2B8.1B4.0B3.1B
Total Current Liabilities14.1B15.4B16.3B16.6B16.1B8.1B
Total Stockholder Equity8.6B9.6B9.4B10.0B11.6B12.2B
Property Plant And Equipment Net28.6B29.2B30.5B31.4B31.9B33.5B
Net Debt20.8B18.9B18.6B19.6B17.4B9.3B
Retained Earnings21.0B23.0B24.1B25.6B26.9B28.3B
Cash399M1.7B1.8B828M1.9B2.0B
Non Current Assets Total34.3B36.2B36.9B37.0B37.6B39.4B
Non Currrent Assets Other1.5B2.9B2.4B(301M)1.8B1.9B
Cash And Short Term Investments1.6B2.8B2.9B2.1B3.1B3.3B
Net Receivables1.7B1.8B1.8B2.2B2.1B2.2B
Common Stock Shares Outstanding805M781M754M727M725M1.2B
Liabilities And Stockholders Equity45.2B48.6B49.1B49.5B50.5B53.0B
Non Current Liabilities Total22.5B23.7B23.3B22.9B22.8B24.0B
Inventory7.1B7.1B6.8B7.6B7.1B4.5B
Other Current Assets522M876M660M1.9B609M636.8M
Other Stockholder Equity(13.7B)(14.7B)(16.1B)(16.8B)(16.8B)(15.9B)
Total Liab36.6B39.1B39.7B39.5B38.9B40.8B
Total Current Assets10.9B12.5B12.2B12.6B12.9B6.9B
Short Term Debt2.6B2.3B2.0B2.0B1.7B1.1B
Accounts Payable6.3B6.7B7.1B7.1B10.4B10.9B
Property Plant And Equipment Gross28.7B29.2B30.5B31.4B63.4B66.6B
Accumulated Other Comprehensive Income(640M)(630M)(467M)(632M)(489M)(513.5M)
Good Will2.9B3.1B3.1B2.9B3.4B2.5B
Other Liab3.8B4.7B4.1B3.9B4.5B3.0B
Other Assets1.5B2.9B2.4B1.8B2.0B2.1B
Long Term Debt11.3B12.5B12.8B12.6B10.2B10.1B
Treasury Stock(16.6B)(17.0B)(18.2B)(19.7B)(17.7B)(16.9B)
Intangible Assets1.1B997M942M899M809.1M1.4B
Property Plant Equipment21.9B29.2B30.5B31.4B36.1B18.2B
Current Deferred Revenue1.6B1.2B1.4B(526M)(604.9M)(574.7M)
Short Term Investments1.2B1.1B1.1B1.2B1.2B896.2M
Net Tangible Assets4.5B5.5B5.4B6.2B7.2B4.2B
Long Term Debt Total12.1B12.5B12.8B12.1B13.9B11.5B

Pair Trading with Kroger

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kroger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kroger will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kroger Stock

  0.84BJ BJs Wholesale ClubPairCorr

Moving against Kroger Stock

  0.77EXTO Almacenes xito SAPairCorr
  0.72TGT TargetPairCorr
  0.7DG Dollar GeneralPairCorr
  0.42DTCK Davis CommoditiesPairCorr
  0.32MSS Maison SolutionsPairCorr
The ability to find closely correlated positions to Kroger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kroger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kroger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kroger Company to buy it.
The correlation of Kroger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kroger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kroger Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kroger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Kroger Stock Analysis

When running Kroger's price analysis, check to measure Kroger's 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 Kroger is operating at the current time. Most of Kroger's value examination focuses on studying past and present price action to predict the probability of Kroger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kroger's price. Additionally, you may evaluate how the addition of Kroger to your portfolios can decrease your overall portfolio volatility.