NIKE Total Stockholder Equity vs Total Current Liabilities 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 Total Stockholder Equity and its Total Current Liabilities 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.
Total Stockholder Equity vs Total Current Liabilities
Total Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIKE Inc CDR Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NIKE's Total Stockholder Equity and Total Current Liabilities is 0.85. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities 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 Total Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of NIKE Inc CDR are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., NIKE's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Liabilities
Total Current Liabilities is an item on NIKE balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NIKE Inc CDR are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 Profit | 21.5B | 22.3B | 22.9B | 23.8B | Total Revenue | 46.7B | 51.2B | 51.4B | 53.3B |
NIKE fundamental ratios Correlations
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NIKE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.71 | NVDA | NVIDIA CDR | PairCorr |
| 0.71 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.69 | JPM | JPMorgan Chase | PairCorr |
| 0.68 | BOFA | Bank of America | PairCorr |
| 0.54 | GOOG | Alphabet CDR | PairCorr |
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.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.