CHWY Stock | | | USD 35.87 1.25 3.61% |
Chewy financial indicator trend analysis is way more than just evaluating Chewy Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chewy Inc is a good investment. Please check the relationship between Chewy Non Operating Income Net Other and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy Inc. 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.
Non Operating Income Net Other vs Net Income
Non Operating Income Net Other vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chewy Inc Non Operating Income Net Other account and
Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chewy's Non Operating Income Net Other and Net Income is 0.53. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Net Income in the same time period over historical financial statements of Chewy Inc, assuming nothing else is changed. The correlation between historical values of Chewy's Non Operating Income Net Other and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Chewy Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Non Operating Income Net Other i.e., Chewy's Non Operating Income Net Other and Net Income go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Operating Income Net Other
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Chewy Inc financial statement analysis. It represents the amount of money remaining after all of Chewy Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Chewy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chewy Inc 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy Inc. 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.
At this time, Chewy's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is expected to grow at the current pace this year, whereas
Selling General Administrative is likely to drop slightly above 1.4
B in 2024.
Chewy fundamental ratios Correlations
Click cells to compare fundamentals
Chewy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chewy fundamental ratios Accounts
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Additional Tools for Chewy Stock Analysis
When running Chewy's price analysis, check to
measure Chewy'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 Chewy is operating at the current time. Most of Chewy's value examination focuses on studying past and present price action to
predict the probability of Chewy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chewy's price. Additionally, you may evaluate how the addition of Chewy to your portfolios can decrease your overall portfolio volatility.