GDDY Stock | | | USD 208.15 9.79 4.94% |
Godaddy financial indicator trend analysis is much more than just examining Godaddy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godaddy is a good investment. Please check the relationship between Godaddy Cash and its Non Current Liabilities Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godaddy. 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 Godaddy Stock please use our
How to Invest in Godaddy guide.
Cash vs Non Current Liabilities Total
Cash vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godaddy Cash account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Godaddy's Cash and Non Current Liabilities Total is 0.8. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Godaddy, assuming nothing else is changed. The correlation between historical values of Godaddy's Cash and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Godaddy are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash i.e., Godaddy's Cash and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Godaddy, which is listed under current asset account on Godaddy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Godaddy customers. The amounts must be unrestricted with restricted cash listed in a different Godaddy 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.
Non Current Liabilities Total
Most indicators from Godaddy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godaddy 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 Godaddy. 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 Godaddy Stock please use our
How to Invest in Godaddy guide.At this time, Godaddy's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 37.07 in 2024, whereas
Selling General Administrative is likely to drop slightly above 300.2
M in 2024.
Godaddy fundamental ratios Correlations
Click cells to compare fundamentals
Godaddy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Godaddy 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 Godaddy Stock Analysis
When running Godaddy's price analysis, check to
measure Godaddy'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 Godaddy is operating at the current time. Most of Godaddy's value examination focuses on studying past and present price action to
predict the probability of Godaddy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godaddy's price. Additionally, you may evaluate how the addition of Godaddy to your portfolios can decrease your overall portfolio volatility.