JOUT Stock | | | USD 34.50 0.03 0.09% |
Johnson Outdoors financial indicator trend analysis is infinitely more than just investigating Johnson Outdoors recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Johnson Outdoors is a good investment. Please check the relationship between Johnson Outdoors Net Receivables and its Property Plant And Equipment Gross accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Johnson Stock please use our
How to Invest in Johnson Outdoors guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Johnson Outdoors Net Receivables account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Johnson Outdoors' Net Receivables and Property Plant And Equipment Gross is 0.47. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Johnson Outdoors, assuming nothing else is changed. The correlation between historical values of Johnson Outdoors' Net Receivables and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Johnson Outdoors are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Net Receivables i.e., Johnson Outdoors' Net Receivables and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Most indicators from Johnson Outdoors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Johnson Outdoors 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Johnson Stock please use our
How to Invest in Johnson Outdoors guide.At this time, Johnson Outdoors'
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 6.04 in 2024, whereas
Selling General Administrative is likely to drop slightly above 49.1
M in 2024.
When running Johnson Outdoors' price analysis, check to
measure Johnson Outdoors' 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 Johnson Outdoors is operating at the current time. Most of Johnson Outdoors' value examination focuses on studying past and present price action to
predict the probability of Johnson Outdoors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Outdoors' price. Additionally, you may evaluate how the addition of Johnson Outdoors to your portfolios can decrease your overall portfolio volatility.