ZIP Stock | | | 2.91 0.05 1.69% |
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 Other Stockholder Equity and its Property Plant And Equipment Net 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.
Other Stockholder Equity vs Property Plant And Equipment Net
Other Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zip Co Limited Other Stockholder Equity account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zip Co's Other Stockholder Equity and Property Plant And Equipment Net is -0.19. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net 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 Other Stockholder Equity and Property Plant And Equipment Net 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 Stockholder Equity of Zip Co Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Stockholder Equity i.e., Zip Co's Other Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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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