CHWY Stock | | | USD 30.67 0.12 0.39% |
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 Other Current Liab and its Total Assets 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.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chewy Inc Other Current Liab account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chewy's Other Current Liab and Total Assets is 0.9. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets 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 Other Current Liab and Total 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 Other Current Liab of Chewy Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Chewy's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of Chewy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chewy Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.