JHX Stock | | | USD 36.64 0.30 0.81% |
James Hardie financial indicator trend analysis is infinitely more than just investigating James Hardie Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether James Hardie Industries is a good investment. Please check the relationship between James Hardie Total Stockholder Equity and its Other Current Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Total Stockholder Equity vs Other Current Liab
Total Stockholder Equity vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
James Hardie Industries Total Stockholder Equity account and
Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between James Hardie's Total Stockholder Equity and Other Current Liab is 0.58. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of James Hardie Industries, assuming nothing else is changed. The correlation between historical values of James Hardie's Total Stockholder Equity and Other Current Liab 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 Stockholder Equity of James Hardie Industries are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Stockholder Equity i.e., James Hardie's Total Stockholder Equity and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Other Current Liab
Most indicators from James Hardie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into James Hardie Industries 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 James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, James Hardie's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 420
K in 2024, whereas
Tax Provision is likely to drop slightly above 125.3
M in 2024.
James Hardie fundamental ratios Correlations
Click cells to compare fundamentals
James Hardie Account Relationship Matchups
High Positive Relationship
High Negative Relationship
James Hardie fundamental ratios Accounts
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measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to
predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.