GWW Stock | | | USD 1,206 11.43 0.94% |
WW Grainger financial indicator trend analysis is more than just analyzing WW Grainger current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WW Grainger is a good investment. Please check the relationship between WW Grainger Gross Profit and its Selling General Administrative accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.
Gross Profit vs Selling General Administrative
Gross Profit vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WW Grainger Gross Profit account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between WW Grainger's Gross Profit and Selling General Administrative is 0.73. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of WW Grainger, assuming nothing else is changed. The correlation between historical values of WW Grainger's Gross Profit and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of WW Grainger are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Gross Profit i.e., WW Grainger's Gross Profit and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of WW Grainger minus its cost of goods sold. It is profit before WW Grainger operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Selling General Administrative
Most indicators from WW Grainger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WW Grainger 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 WW Grainger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
For more information on how to buy GWW Stock please use our
How to Invest in WW Grainger guide.At this time, WW Grainger's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 9.4
B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.3
B in 2024.
WW Grainger fundamental ratios Correlations
Click cells to compare fundamentals
WW Grainger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WW Grainger 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 GWW Stock Analysis
When running WW Grainger's price analysis, check to
measure WW Grainger'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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to
predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.