FDX Stock | | | USD 302.67 0.72 0.24% |
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 Other Stockholder Equity and its Current Deferred Revenue 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.
Other Stockholder Equity vs Current Deferred Revenue
Other Stockholder Equity vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
FedEx Other Stockholder Equity account and
Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between FedEx's Other Stockholder Equity and Current Deferred Revenue is -0.79. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of FedEx, assuming nothing else is changed. The correlation between historical values of FedEx's Other Stockholder Equity and Current Deferred Revenue 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 Stockholder Equity of FedEx are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Stockholder Equity i.e., FedEx's Other Stockholder Equity and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.79 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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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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 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.