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 Total Revenue and its Current Deferred Revenue 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.
Total Revenue vs Current Deferred Revenue
Total Revenue vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godaddy Total Revenue account and
Current Deferred Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Godaddy's Total Revenue and Current Deferred Revenue is 1.0. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Godaddy, assuming nothing else is changed. The correlation between historical values of Godaddy's Total Revenue 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 Total Revenue of Godaddy 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 Total Revenue i.e., Godaddy's Total Revenue and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Godaddy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 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
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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.