JPMorgan Other Operating Expenses vs Total Revenue Analysis
JPM Stock | 31.56 0.59 1.91% |
JPMorgan Chase financial indicator trend analysis is infinitely more than just investigating JPMorgan Chase recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JPMorgan Chase is a good investment. Please check the relationship between JPMorgan Chase Other Operating Expenses and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Other Operating Expenses vs Total Revenue
Other Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JPMorgan Chase Other Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between JPMorgan Chase's Other Operating Expenses and Total Revenue is 0.68. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of JPMorgan Chase Co, assuming nothing else is changed. The correlation between historical values of JPMorgan Chase's Other Operating Expenses and Total 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 Operating Expenses of JPMorgan Chase Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Other Operating Expenses i.e., JPMorgan Chase's Other Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of JPMorgan Chase. It is also known as JPMorgan Chase overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Revenue
Total revenue comprises all receipts JPMorgan Chase 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.Most indicators from JPMorgan Chase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JPMorgan Chase 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 JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 21st of December 2024, Tax Provision is likely to drop to about 10 B. In addition to that, Selling General Administrative is likely to drop to about 45.8 B
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 52.3B | 66.7B | 89.3B | 68.8B | Tax Provision | 11.2B | 8.5B | 12.1B | 10.0B |
JPMorgan Chase fundamental ratios Correlations
Click cells to compare fundamentals
JPMorgan Chase Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JPMorgan Chase fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7T | 3.4T | 3.7T | 3.7T | 3.9T | 3.7T | |
Other Current Liab | 75.6B | 99.6B | 114.6B | 126.8B | 145.9B | 114.3B | |
Total Current Liabilities | 2.1T | 2.8T | 3.1T | 3.1T | 3.5T | 2.9T | |
Total Stockholder Equity | 261.3B | 279.4B | 294.1B | 292.3B | 327.9B | 313.8B | |
Net Tangible Assets | 185.7B | 199.1B | 208.1B | 212.0B | 243.8B | 217.2B | |
Retained Earnings | 223.2B | 237.0B | 272.3B | 296.5B | 332.9B | 286.2B | |
Accounts Payable | 1.6T | 2.2T | 2.5T | 2.4T | 162.0B | 153.9B | |
Cash | 263.6B | 527.6B | 740.8B | 567.2B | 624.2B | 550.4B | |
Other Assets | 1.1T | 1.1T | 1.3T | 1.3T | 1.5T | 1.3T | |
Long Term Debt | 291.5B | 281.7B | 301.0B | 422.7B | 391.8B | 361.3B | |
Good Will | 47.8B | 49.2B | 50.3B | 51.7B | 52.6B | 54.8B | |
Common Stock Shares Outstanding | 3.1B | 3.0B | 2.9B | 2.9B | 2.9B | 2.4B | |
Short Term Investments | 350.7B | 356.0B | 290.3B | 205.9B | 192.5B | 216.8B | |
Inventory | 253M | 152M | 134M | 157M | 141.3M | 147.5M | |
Other Current Assets | 232.3B | 235.6B | 277.3B | 292.0B | 335.9B | 273.8B | |
Other Stockholder Equity | 1.5B | 8.0B | (84M) | (17.3B) | (15.6B) | (14.8B) | |
Total Liab | 2.4T | 3.1T | 3.4T | 3.4T | 3.5T | 3.3T | |
Net Invested Capital | 566.8B | 576.2B | 613.9B | 731.7B | 737.0B | 698.0B | |
Long Term Investments | 697.8B | 930.3B | 984.8B | 1.0T | 973.9B | 951.0B | |
Short Long Term Debt | 40.9B | 45.2B | 53.6B | 44.0B | 44.7B | 39.7B | |
Total Current Assets | 1.1T | 1.5T | 1.7T | 1.6T | 1.8T | 1.6T | |
Capital Stock | 31.1B | 34.2B | 38.9B | 31.5B | 36.2B | 36.2B | |
Intangible Assets | 5.5B | 4.2B | 6.4B | 9.2B | 11.7B | 8.0B | |
Property Plant Equipment | 49.4B | 48.3B | 44.6B | 40.0B | 46.0B | 48.1B |
Pair Trading with JPMorgan Chase
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JPMorgan Chase position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JPMorgan Chase will appreciate offsetting losses from the drop in the long position's value.Moving together with JPMorgan Stock
Moving against JPMorgan Stock
0.8 | IAU | i 80 Gold | PairCorr |
0.69 | TD | Toronto Dominion Bank | PairCorr |
0.69 | AQN | Algonquin Power Utilities | PairCorr |
0.43 | T | Telus Corp | PairCorr |
0.34 | ENB-PH | Enbridge H Cum | PairCorr |
The ability to find closely correlated positions to JPMorgan Chase could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Chase when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Chase - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Chase Co to buy it.
The correlation of JPMorgan Chase is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Chase moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Chase moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JPMorgan Chase can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.