FDX Stock | | | USD 303.39 0.41 0.14% |
FedEx financial indicator trend analysis is much more than just examining FedEx latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FedEx is a good investment. Please check the relationship between FedEx Deferred Long Term Liab and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FedEx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy FedEx Stock please use our
How to Invest in FedEx guide.
Deferred Long Term Liab vs Total Assets
Deferred Long Term Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
FedEx Deferred Long Term Liab account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between FedEx's Deferred Long Term Liab and Total Assets is 0.53. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of FedEx, assuming nothing else is changed. The correlation between historical values of FedEx's Deferred Long Term 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 Deferred Long Term Liab of FedEx 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 Deferred Long Term Liab i.e., FedEx's Deferred Long Term Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Total Assets
Total assets refers to the total amount of FedEx 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 FedEx 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 FedEx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FedEx 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 FedEx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy FedEx Stock please use our
How to Invest in FedEx guide.
Selling General Administrative is likely to rise to about 1.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 964.4
M in 2024.
FedEx fundamental ratios Correlations
Click cells to compare fundamentals
FedEx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FedEx fundamental ratios Accounts
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Additional Tools for FedEx Stock Analysis
When running FedEx's price analysis, check to
measure FedEx'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 FedEx is operating at the current time. Most of FedEx's value examination focuses on studying past and present price action to
predict the probability of FedEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FedEx's price. Additionally, you may evaluate how the addition of FedEx to your portfolios can decrease your overall portfolio volatility.