EBAY Stock | | | USD 63.29 0.75 1.17% |
EBay financial indicator trend analysis is much more than just examining eBay Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether eBay Inc is a good investment. Please check the relationship between EBay Non Current Assets Total and its Cash accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay 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 nation.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
eBay Inc Non Current Assets Total account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between EBay's Non Current Assets Total and Cash is 0.56. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of eBay Inc, assuming nothing else is changed. The correlation between historical values of EBay's Non Current Assets Total and Cash 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 Current Assets Total of eBay Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., EBay's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Cash
Cash refers to the most liquid asset of eBay Inc, which is listed under current asset account on eBay Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EBay customers. The amounts must be unrestricted with restricted cash listed in a different EBay account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from EBay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into eBay 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay 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 nation.
At this time, EBay's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 978.6
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 5.5
M in 2024.
EBay fundamental ratios Correlations
Click cells to compare fundamentals
EBay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EBay 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 EBay Stock Analysis
When running EBay's price analysis, check to
measure EBay'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 EBay is operating at the current time. Most of EBay's value examination focuses on studying past and present price action to
predict the probability of EBay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EBay's price. Additionally, you may evaluate how the addition of EBay to your portfolios can decrease your overall portfolio volatility.