SFIX Stock | | | USD 4.76 0.10 2.15% |
Stitch Fix financial indicator trend analysis is much more than just breaking down Stitch Fix prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stitch Fix is a good investment. Please check the relationship between Stitch Fix Short Term Investments and its Other Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stitch Fix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Stitch Stock please use our
How to Invest in Stitch Fix guide.
Short Term Investments vs Other Current Assets
Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stitch Fix Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stitch Fix's Short Term Investments and Other Current Assets is 0.86. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Stitch Fix, assuming nothing else is changed. The correlation between historical values of Stitch Fix's Short Term Investments and Other 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 Short Term Investments of Stitch Fix are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Investments i.e., Stitch Fix's Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Stitch Fix balance sheet. It contains any investments Stitch Fix undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Stitch Fix can easily liquidate in the marketplace.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Stitch Fix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stitch Fix 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Stitch Fix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Stitch Stock please use our
How to Invest in Stitch Fix guide.
Enterprise Value is likely to rise to about 5.7
B in 2024, despite the fact that
Tax Provision is likely to grow to (1.6
M).
Stitch Fix fundamental ratios Correlations
Click cells to compare fundamentals
Stitch Fix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stitch Fix fundamental ratios Accounts
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Additional Tools for Stitch Stock Analysis
When running Stitch Fix's price analysis, check to
measure Stitch Fix'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 Stitch Fix is operating at the current time. Most of Stitch Fix's value examination focuses on studying past and present price action to
predict the probability of Stitch Fix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stitch Fix's price. Additionally, you may evaluate how the addition of Stitch Fix to your portfolios can decrease your overall portfolio volatility.