| WWW Stock | | | USD 23.51 0.17 0.72% |
Wolverine World financial indicator trend analysis is more than just analyzing Wolverine World Wide current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wolverine World Wide is a good investment. Please check the relationship between Wolverine World Intangible Assets and its Accumulated Depreciation accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Intangible Assets vs Accumulated Depreciation
Intangible Assets vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wolverine World Wide Intangible Assets account and
Accumulated Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Wolverine World's Intangible Assets and Accumulated Depreciation is -0.48. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of Wolverine World Wide, assuming nothing else is changed. The correlation between historical values of Wolverine World's Intangible Assets and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Wolverine World Wide are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Intangible Assets i.e., Wolverine World's Intangible Assets and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Wolverine World Wide fixed asset that has been charged to Wolverine World expense since that asset was acquired and made available for Wolverine World use. The accumulated depreciation account is Wolverine World Wide asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Wolverine World Wide.
Most indicators from Wolverine World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wolverine World Wide 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Selling General Administrative is likely to drop to about 367.5
M in 2024.
Tax Provision is likely to climb to about (90.2
M) in 2024
Wolverine World fundamental ratios Correlations
Click cells to compare fundamentals
Wolverine World Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wolverine World fundamental ratios Accounts
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Additional Tools for Wolverine Stock Analysis
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