NIKE Free Cash Flow vs Change In Cash Analysis

NKE Stock   14.36  0.03  0.21%   
NIKE financial indicator trend analysis is infinitely more than just investigating NIKE Inc CDR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIKE Inc CDR is a good investment. Please check the relationship between NIKE Free Cash Flow and its Change In Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIKE Inc CDR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIKE Inc CDR Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have almost identical trend.
Free Cash FlowChange In CashDiversified AwayFree Cash FlowChange In CashDiversified Away100%
The correlation between NIKE's Free Cash Flow and Change In Cash is 0.96. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of NIKE Inc CDR, assuming nothing else is changed. The correlation between historical values of NIKE's Free Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of NIKE Inc CDR are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Free Cash Flow i.e., NIKE's Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Cash

Most indicators from NIKE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIKE Inc CDR 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 NIKE Inc CDR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 17th of December 2024, Tax Provision is likely to grow to about 1 B. Also, Selling General Administrative is likely to grow to about 16.7 B
 2021 2022 2023 2024 (projected)
Gross Profit21.5B22.3B22.9B23.8B
Total Revenue46.7B51.2B51.4B53.3B

NIKE fundamental ratios Correlations

-0.320.82-0.79-0.710.940.650.630.57-0.89-0.730.970.820.560.950.730.950.95-0.57-0.570.93-0.77-0.93-0.890.881.0
-0.32-0.24-0.060.0-0.07-0.67-0.44-0.030.310.33-0.32-0.29-0.25-0.2-0.74-0.28-0.220.01-0.01-0.27-0.090.360.24-0.39-0.32
0.82-0.24-0.42-0.370.850.40.890.55-0.61-0.30.70.950.710.910.480.70.75-0.35-0.240.9-0.51-0.9-0.480.970.82
-0.79-0.06-0.420.85-0.81-0.35-0.08-0.440.770.75-0.83-0.42-0.23-0.7-0.39-0.82-0.820.620.72-0.650.890.60.93-0.44-0.79
-0.710.0-0.370.85-0.77-0.580.02-0.80.910.9-0.85-0.540.15-0.72-0.35-0.88-0.870.930.98-0.720.970.680.86-0.46-0.71
0.94-0.070.85-0.81-0.770.450.550.7-0.84-0.630.90.860.470.980.450.910.95-0.67-0.640.95-0.87-0.91-0.80.850.94
0.65-0.670.4-0.35-0.580.450.370.56-0.81-0.830.750.590.040.570.870.740.68-0.6-0.590.65-0.45-0.71-0.660.610.65
0.63-0.440.89-0.080.020.550.370.22-0.34-0.050.460.790.830.670.570.430.460.020.140.67-0.1-0.71-0.230.870.63
0.57-0.030.55-0.44-0.80.70.560.22-0.79-0.650.680.77-0.180.740.190.740.77-0.94-0.830.78-0.8-0.75-0.510.620.57
-0.890.31-0.610.770.91-0.84-0.81-0.34-0.790.93-0.97-0.76-0.12-0.87-0.66-0.98-0.970.860.86-0.890.880.890.91-0.74-0.89
-0.730.33-0.30.750.9-0.63-0.83-0.05-0.650.93-0.88-0.480.11-0.63-0.66-0.88-0.830.820.89-0.670.80.670.9-0.47-0.73
0.97-0.320.7-0.83-0.850.90.750.460.68-0.97-0.880.780.330.910.721.00.98-0.74-0.750.92-0.86-0.92-0.950.80.97
0.82-0.290.95-0.42-0.540.860.590.790.77-0.76-0.480.780.470.940.520.80.84-0.59-0.470.96-0.62-0.96-0.540.970.82
0.56-0.250.71-0.230.150.470.040.83-0.18-0.120.110.330.470.490.450.280.310.320.340.44-0.01-0.46-0.250.630.56
0.95-0.20.91-0.7-0.720.980.570.670.74-0.87-0.630.910.940.490.550.920.96-0.66-0.60.99-0.8-0.98-0.770.930.95
0.73-0.740.48-0.39-0.350.450.870.570.19-0.66-0.660.720.520.450.550.670.6-0.24-0.270.59-0.28-0.67-0.680.650.73
0.95-0.280.7-0.82-0.880.910.740.430.74-0.98-0.881.00.80.280.920.670.99-0.79-0.80.93-0.89-0.92-0.930.80.95
0.95-0.220.75-0.82-0.870.950.680.460.77-0.97-0.830.980.840.310.960.60.99-0.79-0.780.96-0.91-0.94-0.90.830.95
-0.570.01-0.350.620.93-0.67-0.60.02-0.940.860.82-0.74-0.590.32-0.66-0.24-0.79-0.790.97-0.70.890.660.67-0.46-0.57
-0.57-0.01-0.240.720.98-0.64-0.590.14-0.830.860.89-0.75-0.470.34-0.6-0.27-0.8-0.780.97-0.630.910.590.75-0.36-0.57
0.93-0.270.9-0.65-0.720.950.650.670.78-0.89-0.670.920.960.440.990.590.930.96-0.7-0.63-0.78-0.99-0.750.950.93
-0.77-0.09-0.510.890.97-0.87-0.45-0.1-0.80.880.8-0.86-0.62-0.01-0.8-0.28-0.89-0.910.890.91-0.780.730.85-0.55-0.77
-0.930.36-0.90.60.68-0.91-0.71-0.71-0.750.890.67-0.92-0.96-0.46-0.98-0.67-0.92-0.940.660.59-0.990.730.74-0.96-0.93
-0.890.24-0.480.930.86-0.8-0.66-0.23-0.510.910.9-0.95-0.54-0.25-0.77-0.68-0.93-0.90.670.75-0.750.850.74-0.59-0.89
0.88-0.390.97-0.44-0.460.850.610.870.62-0.74-0.470.80.970.630.930.650.80.83-0.46-0.360.95-0.55-0.96-0.590.88
1.0-0.320.82-0.79-0.710.940.650.630.57-0.89-0.730.970.820.560.950.730.950.95-0.57-0.570.93-0.77-0.93-0.890.88
Click cells to compare fundamentals

NIKE Account Relationship Matchups

Pair Trading with NIKE

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 NIKE 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 NIKE will appreciate offsetting losses from the drop in the long position's value.

Moving against NIKE Stock

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The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE 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 NIKE - 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 NIKE Inc CDR to buy it.
The correlation of NIKE 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 NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR 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 NIKE 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

Other Information on Investing in NIKE Stock

Balance Sheet is a snapshot of the financial position of NIKE Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. NIKE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NIKE 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 NIKE currently owns. An asset can also be divided into two categories, current and non-current.