ZIP Stock | | | 2.96 0.13 4.59% |
Zip Co financial indicator trend analysis is more than just analyzing Zip Co Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zip Co Limited is a good investment. Please check the relationship between Zip Co Depreciation and its End Period Cash Flow accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zip Co Limited. 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.
Depreciation vs End Period Cash Flow
Depreciation vs End Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zip Co Limited Depreciation account and
End Period Cash Flow. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zip Co's Depreciation and End Period Cash Flow is 0.94. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Zip Co Limited, assuming nothing else is changed. The correlation between historical values of Zip Co's Depreciation and End Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Zip Co Limited are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Depreciation i.e., Zip Co's Depreciation and End Period Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Depreciation
Depreciation indicates how much of Zip Co Limited value has been used up. For tax purposes Zip Co can deduct the cost of the tangible assets it purchases as business expenses. However, Zip Co Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
End Period Cash Flow
Most indicators from Zip Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zip Co Limited 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zip Co Limited. 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.
At this time, Zip Co's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 20.4
M in 2024, whereas
Discontinued Operations is likely to drop (49.7
M) in 2024.
Zip Co fundamental ratios Correlations
Click cells to compare fundamentals
Zip Co Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zip Co fundamental ratios Accounts
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Additional Tools for Zip Stock Analysis
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measure Zip Co'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 Zip Co is operating at the current time. Most of Zip Co's value examination focuses on studying past and present price action to
predict the probability of Zip Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zip Co's price. Additionally, you may evaluate how the addition of Zip Co to your portfolios can decrease your overall portfolio volatility.